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June, 27, 2016

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Business > Asia
Jakarta's traffic trials give rise to a tech success
The Indonesian capital's reputation as one of the most congested cities is typically not an advantage with investors. But one company has become the country's most visible technology success with an app that relieves some of the pain of its maddening traffic.
 
Fitch on Monday cut its outlook for Japan, citing Tokyo's decision to postpone a sales tax hike seen as critical to paying down one of the world's biggest national debts.
 
The Labor Ministry (勞動部) on Monday said it would push amendments that guarantee pension benefits are paid out at retirement regardless of the Labor Insurance Fund's financial state.
 
Japanese stocks led a plunge in Asian markets Monday, tracking a sell-off in the U.S. and Europe on renewed worries about the global economy and uncertainty over Britain's future in the European Union.
 
Shares in Taiwan took a beating to close below the 8,600-point mark Monday, reflecting volatility in global financial markets caused by fears that the United Kingdom will vote to exit the European Union later this month, dealers said.
 
The U.S. dollar rose against the New Taiwan dollar on Monday, gaining NT$0.210 to close at NT$32.435 as traders here rushed to park their funds in the greenback amid fears that the United Kingdom will vote to leave the European Union, dealers said.
 
Taiwan-based smartphone supplier HTC Corp. (宏達電) has secured orders placed by Google Corp. to serve as a contract maker of two of the U.S. firm's future flagship smartphones, according to tech website indiatoday in tech.
 
From the perspective of a bond investor, Asia is an exceptionally attractive region at the moment, Legg Mason Global Asset Management said in a press conference held in Taipei.
 
Taiwan Stock Exchange (TWSE) has issued a reminder to investors to cover their short positions and return borrowed securities before the ex-dividend date.
 
Stalling for a snack
A festival participant clad in a traditional Japanese festival costume waits for a Japanese-style pancake to be cooked at a street stall during a local festival at Namiyoke Inari Jinja shrine in Tokyo, Sunday, June 12. The shrine is located adjacent to Tsukiji Fish Market, the world's biggest and most famous fish and seafood market. Namiyoke means "protection from the waves."
 
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