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October, 2, 2016

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Business > Asia
Manufacturing activity in China continued its rebound in September on improving production and demand, government data showed Saturday -- a positive sign for the world's second-largest economy.
 
Oil prices tumbled in Asia Friday as doubts emerged over the long-term success of a surprise OPEC agreement to cut output and stabilize the oversupplied market.
 
Rejecting TPP a risk to national security: Kerry
Secretary of State John Kerry urged Congress on Wednesday to adopt a landmark 12-nation Asia-Pacific trade deal, arguing that rejection would badly damage U.S. credibility and national security.
 
Increased consumer demand helped lift industrial output in August by 7.74 percent from a year ago, the greatest annual increase in more than 12 months, according to a report released Tuesday by the Economics Ministry.
 
Indonesia company in probe removed founders
An Indonesian power company said Wednesday it had removed its founders last year and takes seriously allegations of "improper behavior" after revelations U.S. justice officials are probing Standard Chartered over suspected bribery at the firm.
 
A tough new anti-graft law came into force in South Korea Wednesday with many hailing it as a milestone to help root out widespread low-level corruption.
 
Taiwan rose one notch to 14th in the World Economic Forum's (WEF) latest Global Competitiveness Report and remained fourth in Asia but fell to fifth among countries in the Asia-Pacific region.
 
ADB expects developing Asia to remain on course
Developing economies in Asia are holding steady and will grow at the earlier forecast rate of 5.7 percent this year and next, buoyed by resilience in the region's two largest economies, China and India, the Asian Development Bank said Tuesday.
 
Veteran casino tycoon is still betting on Macau
Macau casino big-hitter Lui Che-woo says he sees light at the end of the tunnel for the embattled gambling enclave, although the days of high rollers are gone.
 
Hong Kong companies are lagging behind in crafting a digital business strategy although many of them know the benefits of applying digital technology in their business, an HSBC survey shows.
 
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