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December, 10, 2016

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Business > Asia
Taiwan's average wealth level in 2016 stands at US$172,800, which is well above those of most countries in the Asia-Pacific region and similar to that of Western Europe, according to the Credit Suisse Research Institute's latest Global Wealth Report.
 
Taiwan has been ranked as the world's fifth most-favored country or area as a travel destination, Agoda.com, one of the world's largest hotel booking sites, said Wednesday.
 
Fitch sees 'weak' Q4 as India cash crunch bites
Ratings agency Fitch said Tuesday it would revise down its India growth forecasts for the fourth quarter of 2016 after the country's shock move to pull most of its currency out of circulation.
 
Chinese e-commerce giant Alibaba Group sees "huge potential" in the Indonesian market as the government, through a recent e-commerce road map, pushes efforts in developing the sector to make the country the biggest digital economy in Southeast Asia by 2020.
 
China's President Xi Jinping signed new trade deals on Monday with Peru, one of its partners in its drive to boost world trade in the face of protectionist stirrings.
 
Fears loom as Thailand's economic growth slows in Q3
Thailand's economic growth slowed in the third quarter, data showed Monday, with fears of further pain to come in a nation plunged into mourning following the death of its long-serving King Bhumibol Adulyadej.
 
Zuckerberg eyes launching drones to boost internet access in Indonesia
Jakarta and social media giant Facebook are seeking cooperation to boost internet access for small and medium-sized enterprises (SMEs), Indonesian Vice President Jusuf Kalla said on Saturday after a meeting with Facebook CEO Mark Zuckerberg on the sidelines of an APEC summit in Lima.
 
Japanese stocks extended their recent rally Monday as the U.S. dollar consolidated gains against the yen, with investors betting on a U.S. interest rate rise next month.
 
Japan saw its second consecutive trade surplus in October, official data showed on Monday, though it came in below expectations as a strong yen reined in exports.
 
After the APEC summit in Lima, Japan's Prime Minister Shinzo Abe heads to Argentina on Monday to bolster bilateral trade and investment ties with Latin America's third largest economy.
 
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