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August, 29, 2016

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Business > Asia > Australia
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.
 
In China lease case, deciding factor is Australia's national security: treasurer
Australia's treasurer said Monday that national security would be his overriding consideration when he makes a decision on whether to allow a Chinese consortium to lease a major Sydney electricity grid.
 
Raising transport standards?
In this Tuesday, Aug. 2 photo released by Xinhua News Agency, people watch the Transit Elevated Bus TEB-1 as it passes vehicles, during a test run in Qinhuangdao, Hebei province.
 
Investment policy expected soon in Myanmar
Myanmar Investment Commission gave the nod to eight projects totalling US$3 million.
 
US takes first step to regulate airliner pollution
Jet engine exhaust from airliners endangers human health and adds to climate change, the U.S. government found Monday in taking the first step toward regulating those emissions.
 
Mainland China said Sunday it has started imposing anti-dumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade practices.
 
Government won't rule out Tsai visit to Taiping
There are currently no plans for President Tsai Ing-wen to visit a Taiwan-controlled territory in the South China Sea, but the government will not rule out the possibility, Foreign Minister David Lee (李大維) said Wednesday morning.
 
Hard labor
Boxes containing more than 270,000 signatures gathered by the Arizona Healthy Working Families Initiative group sit on display prior to a news conference at the Arizona Capitol, in Phoenix, Arizona, Thursday, July 7. The group hopes to qualify a measure for the November ballot to raise the state's minimum wage to US$12 an hour by 2020 and provide earned sick days to workers.
 
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