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Taiwan welcomes outcome of Trump-Kim summit in Singapore

June 14, 2018

TAIWAN - The outcome of the summit between U.S. President Donald  Trump and North Korean leader Kim Jong Un this week in Singapore has been welcomed by Taiwan’s Ministry of Foreign Affairs (MOFA). It described the meeting as of great significance to peace and stability in the Asia-Pacific “as it creates new opportunities for resolving long-standing issues in a peaceful manner”. 

“I look forward to the two leaders’ bold decisions": South Korean President Moon

June 11, 2018

SEOUL – Twenty-four hours ahead of the North Korean-United States Summit in Singapore, South Korea’s President, Moon Jae-in, has said he “looks forward to the two leaders' bold decisions to freely exchange what they want from each other so that the wish of people across the world for a new era on the Korean Peninsula could be realised”.

ANZ lowers Malaysia’s growth forecast as consumption, investment dip

June 11, 2018

KUALA LUMPUR – ANZ Bank has revise lower its GDP growth forecast for 2018 to 5.4% from 5.7% previously, mainly due to the weaker out-turns in the early part of the year. “We are also revising our GDP growth forecast for 2019 to 5.2% from 5.5% previously, on the back of lower public consumption and investment, alongside an expected moderation in export growth,” ANZ says in a research note.

Vietnam’s market falls in face of good economic figures, ratings upgrade

June 8, 2018

HO CHI MINH CITY - Vietnam’s Industrial Production Index increased by 9.7% on-year in May compared with 6.6% in May 2017. Manufacturing and processing sector posted  high growth of 11.8% YoY, with the Vietnam's Purchasing Managers Index (PMI) reading reached 53.9 in May from 52.7 in April to mark the 30th consecutive month of expansion.

China engineers designing “biggest civilian drone” for courier companies

May 31, 2018

BEIJING - Chinese engineers soon will have a world-record-holding product to offer to express delivery companies - the largest civilian drone. Engineers at Beihang Unmanned Aircraft System Technology, a part of Beihang University in Beijing, are designing a drone that will be able to fly 1,500 km carrying one metric tonne of cargo.

India’s Q4 2018 GDP growth exceptional at 7.7%

June 1, 2018

NEW DELHI - The acceleration in India’s Q4 GDP was exceptionally sharp at 7.7%, with growth predominantly boosted by Government consumption and public infrastructure spending. Investment clocked growth of 14.4% y/y in Q4 FY2018, due to a step-up in public infrastructure spending. This was also reflected in the construction GVA (gross value-added), which printed growth of 11.5% y/y during the quarter (vs 6.6% y/y in Q3 FY2018).