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August, 25, 2016

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  ASIAN MARKETS    Australia    China    
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Business > Asia
A coalition of 46 business groups from the United States, Europe and Asia has appealed to mainland China to change proposed cybersecurity rules they warn will harm trade and isolate the country.
 
Tokyo's benchmark index, the Nikkei, closed at its highest level in more than two months Friday after Wall Street powered to fresh records and a weaker yen boosted sentiment.
 
Japan on Friday announced it is pouring a massive US$2.4 billion into a new railway in the Philippines aimed at easing Manila's notorious gridlock.
 
Malaysia's economic growth eased in the second quarter, the central bank said Friday, attributing the slowdown to a decline in exports amid subdued global demand.
 
Australian gov't official rejects criticisms of China investor ban
Australia's treasurer on Friday rejected accusations that the true reason his government plans to ban Chinese bidders from leasing a Sydney electricity grid is to appease influential lawmakers with xenophobic views.
 
Australia will not allow the electricity network in its most populous state to be sold to Chinese and Hong Kong bidders, Treasurer Scott Morrison said Thursday, citing national security concerns.
 
Record profits for Australia's Commonwealth Bank
Australia's biggest lender Commonwealth Bank sounded a cautious note about the country's economic outlook Wednesday even as it posted a record AU$9.23 billion (US$7.08 billion) in annual profit.
 
Thanks to rising demand for system integration and cloud technology setup, the IT service industry grew 4.8 percent in sales from a year ago to NT$63.5 billion in the second quarter, the Economics Ministry reported on Wednesday.
 
Whichever way the wind blows
Taiwan's first Olympic wind-surfer, Chang Hao, takes to the seas in a clip from the movie "Ripples Apart (逐風少年). The movie, which premiered on the offshore island of Penghu, chronicles the life of Chang and began shooting in 2007.
 
Sushi express
This undated photo shows the "E7 bento box" of Japan Rail (JR) containing sushi and other delicacies. In cooperation with the Taiwan Railways Administration, three of the most popular JR bento boxes will be available for purchase at Taipei Main Station from Aug. 12 to 31.
 
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