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January, 20, 2017

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Business > Asia
Genting Hong Kong caters to the Asian market with Star Cruises
The Asian cruise industry is booming and operators, governments and tourist boards are keen to get involved. Cruise operators are introducing more and more itineraries to the region, while authorities are developing top-of-the-range cruise terminals everywhere from Shanghai to Singapore.
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Costco, an American membership-only wholesale club, said on Thursday that it plans to offer discounts to members at the opening of its new store in New Taipei's Xinzhuang District instead of free breakfast and gifts as it did in the past.
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Terry Gou (郭台銘), founder and chairman of Taiwan-based manufacturing giant Hon Hai Precision Industry Co. (鴻海), has raised his stake in the Sakai Display Products Corp. (SDP) -- which he and Sharp Corp. jointly own -- to more than 50 percent.
Shares in Taiwan pulled back on Thursday with the weighted index falling below the 9,200 point mark again as investors responded to a fall of more than 100 points on the Dow Jones Industrial Average overnight, dealers said.
Bankrupt shipper Hanjin is selling its Port of Seattle terminal operations to one of the world's largest cargo firms.
Vietnam's economic growth eased off in 2016 but remained resilient in the face of a global trade slowdown and environmental disasters, authorities said Wednesday.
Japan's consumer prices fell for the ninth straight month in November, official data showed Tuesday, while household spending declined and unemployment ticked up.
Singapore inflation flat in November
Singapore's longest spell of negative inflation finally came to an end last month on the back of gradually recovering commodity prices and brighter prospects for global growth in the coming year.
Taiwan's shipments of information and communications technology (ICT) and audio-video products to the U.S. grew US$260 million or 3.7 percent year-on-year to reach US$7.39 billion in the first 11 months of the year, according to the Ministry of Economic Affairs (MOEA).
The newly unveiled TIP Low Volatility Select 30 Index (the TIP LV 30 index) is expected to serve as an ideal investment tool that will help investors generate stable returns, according to index provider Taiwan Index Plus Corp. (TIP, 台灣指數公司).
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