JAKARTA – South Korea’s President, Moon Jae-in, and Indonesian President, Joko Widodo, have agreed to elevate bi-lateral relations between the two countries to a special strategic partnership, citing their “common aspiration to maintain peace, stability and prosperity across Asia.”
ATI Newswire - Subscriber Only
MANILA - Economic Ministers from ASEAN Member States and the Secretary for Commerce and Economic Development of Hong Kong, China (HKC) yesterday signed the ASEAN – HKC Free Trade Agreement (AHKFTA) and the ASEAN – HKC Investment Agreement (AHKIA) on the sidelines of the 31st ASEAN Summit in Pasay City, the Philippines. Negotiations had begun in July 2014.
DA NANG - Chinese President Xi Jinping on Saturday stressed importance of what he called win-win co-operation and called for properly managing differences while handling bilateral ties during meetings with world leaders on the sidelines of the 25th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting.
BEIJING - President Xi Jinping has pledged to import more U.S. agricultural produce and energy products and to deepen trade co-operation during a meeting in Beijing with visiting U.S. President Donald Trump. Both Presidents attended a dialogue with business leaders from their respective countries, where they were present for the signing of trade deals worth US$253.5 billion, a record figure in the trade history of the two countries.
BEIJING - China’s Vice Finance Minister, Zhu Guangyao, said today that foreign firms will be allowed to own stakes of up to 51% in securities brokers and life insurers. The government will also remove the cap of 20% on foreign ownership in Chinese banks, but no details have yet been provided yet.
SINGAPORE - Growth prospects are brighter for the Singapore economy, according to a research report from ANZ Bank, which says that after two years of sub-par performance, GDP growth is forecast to reach 3% in 2017.
NEW DELHI - The Australia India Business Council had formally supported the controversial Adani Carmichael project in north Queensland, which has been fiercely opposed by the Greens. The AIBC said today that the project enhances the Australia-India relationship and it commended Adani's patience to seeing the investment through.
KUALA LUMPUR – Co-hosting its third annual Huawei Asia-Pacific Innovation Day here, along with Malaysia's Ministry of International Trade and Industry (MITI), the Malaysia Digital Economy Corporation (MDEC) andthe Malaysia-China Business Council, Huawei Technologie has announced construction of a new OpenLab in Malaysia to serve as an open, flexible, and secure platform for joint innovation with local partners.
BEIJING - Financial technology (fintech) companies, especially the sizable ones, should fall under the same risk assessment framework as banks, an official from China’s central bank said. “Systemically important financial institutions do not necessarily have to be traditional financial institutions,” Sun Guofeng, Head of PBOC’s finance research institute, said, according to a Caixin report.
BONN – CMA CGM Group, the parent company of Australian National Line (ANL) announced at the COP23 climate change conference here that it will equip its nine future ships of 22,000 TEUs (Twenty-foot Equivalent Units), to be delivered in 2020, with engines using liquefied natural gas.
JAKARTA - CIMIC Group’s global mining services provider, Thiess, has been awarded aa AUD300 million contract by Kaltim Prima Coal (KPC) to expand operations at Sangatta coal mine in East Kalimantan, Indonesia.
BEIJING - Chinese Premier Li Keqiang called for closer China-U.S. cooperation in developing next-generation nuclear power technology as he met with Bill Gates, co-founder of Microsoft and Chairman of TerraPower.
GENEVA - IATA data for global air freight markets in September shows demand (measured in freight tonne kilometres or FTKs), rose 9.2% compared to the same month in 2016. This was the slowest pace of growth in five months, but still significantly higher than the five-year average growth rate of 4.4%.
NEW DELHI – In its annual ranking of 190 countries for ease of doing business, the World Bank has lifted India 30 places from 130 to 100. It ranks fourth on the world listing for protection of minority shareholders.
BEIJING - After less than a year in the job, China’s Finance Minister, Xiao Jie, has been appointed Deputy Secretary-General of the State Council — part of a broader leadership reshuffle following the key National Party Congress in October.
HONG KONG - The challenges faced by China’s Belt and Road initiative (OBOR) are significant, says BBVA Bank in a new research report. Excluding Singapore, nearly 54% of OBOR investments have flowed to countries with speculative grade sovereign rating, it says. “This raises implementation and credit risk concerns for Chinese stakeholders.