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February, 22, 2017

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Business > Asia
Shares in Taiwan ended higher Tuesday, the first trading session of 2017, but the gains were capped by anemic turnover as foreign institutional investors had still not returned from the New Year holiday, dealers said.
 
Singapore economy expected to grow 1% to 3% this year: PM
Singapore's economy is expected to have grown by more than 1 percent last year, lower than initial forecasts, Prime Minister Lee Hsien Loong said yesterday.
 
US senator urges better bank access for pot shops
As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block -- lack of access to the kind of routine banking services other businesses take for granted.
 
There's a general consensus that 2016 was bad. But apparently, 2017 may even be worse, according to some forecasts in the region.
 
Attention, shoppers
A musician entertains shoppers as a Chinese model wearing NE TIGER creations poses on stage set behind the fashion boutique window panel decorated with Rooster stickers for the upcoming Chinese Lunar New Year at an upscale shopping mall in Beijing, Monday, Jan. 2.
 
The Taiwan Stock Exchange (TWSE) has worked closely with the Financial Supervisory Commission (FSC), Taiwan's top financial regulator, to boost turnover on the country's stock market.
 
The underreporting of working hours is suspected to have occurred in several departments at Japanese advertising giant Dentsu Inc., which has already been referred to prosecutors on suspicion of violating the Labor Standards Law by having its employee work illegally long hours, according to sources.
 
The Taiwan Stock Exchange (TWSE) has increased the weighting of three criteria in evaluating the corporate governance of companies listed on Taiwan's stock market.
 
The question of whether the local equity market will continue its strong showing in 2017 depends on the actions of foreign institutional investors, analysts said Monday.
 
India's Modi defends decision to demonetize high-value bills
Indian Prime Minister Narendra Modi defended his government's decision to demonetize the country's highest-value currency bills last month in an unusual New Year's Eve message to the nation Saturday.
 
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