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September, 29, 2016

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Business > Asia
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.
 
View from the Sydney CBD
People enjoy their lunch on seats adorned with photographs of old terrace houses in a temporary public artwork by James Voller entitled "Terraced" in Sydney's Martin Place business district on Monday, Sept. 26.
 
Chinese conglomerate Wanda is considering ramping up its push into Hollywood with the acquisition of the production company behind the Golden Globes, the U.S. firm said Monday.
 
The yen dropped and higher-risk currencies surged Tuesday as markets appeared to give Hillary Clinton the edge over Donald Trump in the first U.S. presidential debate.
 
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