September 17, 2013
Source: The Star
China should hit its gross domestic product growth target of 7.5% this year, World Bank group president Kim Jim Yong said yesterday.
But he warned that rising interest rates in emerging markets in response to reports that the United States was preparing to scale back its quantitative easing (QE) programme showed that significant risk remained. More…
September 15, 2013
Source: The Myanmar Times
Prominent entrepreneur U Serge Pun has called for streamlined procedures for industries planning to set up shop in Myanmar, claiming a simplified approvals process would assist in attracting factories to provide much-needed employment.
U Serge Pun pointed to China where he said the barriers to establishing a factory were lower, with no need to see a multitude of high-ranking government officials before investing. More…
September 14, 2013
The Hong Kong public can’t nominate candidates for the next chief executive election under the city’s de facto constitution, China’s top official in the former British colony said, rejecting a lawmaker’s proposal.
The city’s Basic Law states that candidates for the chief executive position have to be nominated by a “broadly representative” committee, Zhang Xiaoming, director of China’s Liaison Office in Hong Kong, said in an open letter to Alan Leong, the head of the Civic Party. More…
September 13, 2013
Source: The Irrawaddy
The Burmese government call for international bids to develop a proposed Special Economic Zone around Kyaukphyu on the western coast makes no mention of existing MoUs already signed with Chinese and Japanese companies, and reportedly involving noted crony Burmese businessman Tay Za. More…
September 12, 2013
Source: South China Morning Post
First-half results for Hong Kong-listed companies confirm a general downturn in mainland economic growth, with lower sales revenue and concerns about future earnings tempered by an increase in corporate profitability.
As the reporting season draws to a close, data on the constituents of the MSCI China Index collated by Nomura Securities shows first-half revenues grew 12.5 per cent on average, compared with 14.5 per cent in last year’s first half and 16 per cent in its second half. More…
September 12, 2013
The municipal office of the Mongolian capital city signed a memorandum of understanding with a Chinese construction company here on Tuesday to launch the “Beijing street” project.
Gantomor Nyamdavaa, deputy mayor of Ulan Bator in charge of road, transportation and infrastructure, and China’s Mongolia branch of the Beijing Corporation Engineering Group (BCEG) signed the document, according to a press release. More…
September 11, 2013
Source: China Daily
Chinese Premier Li Keqiang on Wednesday reassured the world about the national economy’s health, saying the country will reach its target of 7.5 percent growth this year despite the complex world’s economic situation. More…
September 10, 2013
Thailand’s government said it will scrap import duties on luxury watches, clothes and cosmetics to help the country compete with Hong Kong and Singapore for wealthy travelers from markets including China.
The duty on some luxury goods will be cut to zero from 30 percent by the end of the year, Permanent Secretary for Finance Areepong Bhoocha-Oom told reporters in Chonburi province. More…
September 10, 2013
Source: The Nation
Laos will no longer grant new concessions for casinos in special economic zones on its soil. It will also overhaul plans for such areas so they have a clear focus and right direction for economic development, Deputy Prime Minister Somsavat Lengsavad said in an interview recently. More…