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August, 26, 2016

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  ASIAN MARKETS    Australia    China    
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Business > Asia
Malaysia's state energy firm Petronas said Monday profits plunged 85 percent in the second quarter due to low oil prices, adding to concerns about the country's slowing economy.
 
Claiming to be the world's largest building by floor space, the 1,760,000 square meters of the New Century Global Center are a monument to growing Chinese consumer power, packed with shoppers -- and beach bathers a thousand kilometers from the coast.
 
Philippines' rich-poor divide
A family rest outside their house under a bridge in Manila on Friday, Aug. 19. The Philippine economy expanded 7 percent in the second quarter, official data has shown, but President Rodrigo Duterte's new government said major changes were needed to fix one of Asia's biggest rich-poor divides.
 
The disposable income gap between the highest and lowest income-earning households widened slightly in 2015, with the top 20 percent earning 6.06 times what the bottom 20 percent made, according to government statistics released Friday.
 
Casino mogul to launch lavish new US$4.2 bil. Macau resort
From a pair of giant golden dragons encircling a vast man-made lagoon to phoenix and cloud motifs inside, Steve Wynn's Macau resort brims with auspicious Chinese symbolism.
 
Optical conclusion
Taiwan Power Company (Taipower) employees prepare to lay the final stretch of the round-island fiberoptic cable network at a tunnel on the Suhua Highway yesterday.
 
A review committee endorsed by the Cabinet to study the Taiwan Power Company (Taipower, 台電) identified 10 deficiencies within the national grid, including black-box operation, a lack of will to develop green energy, and an operation bogged down by interest groups.
 
Shares in Taiwan closed little changed on thin turnover Wednesday due to a lack of incentives for investors to trade, dealers said.
 
In possibly another sign of strained cross-strait ties, sales of Mato pomelos during the run-up to this year's Mid-Autumn Festival have fallen 90 percent, according to a Tainan City farmers' association.
 
FIH Mobile Limited, a subsidiary of Hon Hai Precision Industry (鴻海), will open a manufacturing facility in India's Maharashtra state before the end of the year.
 
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