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September, 29, 2016

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Business > Asia
Rising food prices push CPI to grow 0.57%
Consumer goods cost 0.57 percent more in August than in the same month last year, with rising food prices contributing most to the increase, the census bureau reported today.
 
Tax-exempt NATO, Afghan military fuel sold
Tax-exempt military fuel imported into Afghanistan is being sold on the open market, industry officials and a new anti-corruption report reveal, causing the government huge revenue losses as Kabul struggles to wean itself off foreign aid.
 
Spotlight on Laos as it hosts ASEAN summit
The light was fading over Vientiane on a cool December evening when a Jeep was stopped at a traffic light. CCTV video later showed the occupant of the car being pulled out and taken away in a pickup truck, never to be seen again.
 
Vietnam and Thailand strike rice deal with the Philippines
Thailand and Vietnam have won deals to supply a total of 250,000 tons of rice to the Philippines after the two countries reduced their selling prices to suit Manila's budget.
 
India's outgoing central bank chief Raghuram Rajan warned countries against a rush to low interest rates as his tenure as governor of the Reserve Bank of India came to an end.
 
The yen picked up on Monday as Japan's central bank chief left markets guessing about whether policymakers would launch fresh easing measures this month. Traders were keen to see if Haruhiko Kuroda -- speaking at a Tokyo business seminar -- would drop any hints about the BoJ's policy plans.
 
Indonesia's minister of environment and forestry has condemned attempts by a palm oil company to stop an investigation into forest fires by taking ministry investigators hostage.
 
Taiwan's women have made progress in getting high-level political and business posts over the past 10 years, but their level of empowerment still lags behind that seen in the West, according to a Ministry of Labor report.
 
Taiwan's service sector remained weak in July, as an index that gauges the climate of the sector continued to point to a slowdown, according to the results of a survey released Monday.
 
The problems that sank South Korea's Hanjin Shipping this week could be just the tip of the iceberg, analysts say, with the long-running global economic downturn having left the industry drowning in excess capacity.
 
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