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September, 1, 2016

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Business > Asia
China's manufacturing shrank in July, the government said Monday, blaming the deterioration on rainstorms that wreaked havoc across large swathes of the country.
 
Price rises for new homes in China accelerated in July from the previous month, a survey showed Monday, with some buyers possibly prompted by moves in some cities to curb prices.
 
To get by
A man collects recyclable materials among floating garbage at the Manila Baywalk, washed ashore after tropical storm Nida passed through northern Philippines, on Monday, Aug. 1. Turning in such materials is not lucrative, but it is a vital source of income for millions of people living below the poverty line in the Philippines and elsewhere.
 
Thailand's military rulers Monday said a rice subsidy scheme by the government it ousted cost the state more than US$8 billion, adding former leader Yingluck Shinawatra should be personally sued for the loss.
 
Hong Kong keeps IPO crown with more mainland enterprises
Hong Kong remains the world's top market for initial public offerings (IPOs) in the first six months of this year based on global consultancy PricewaterhouseCoopers' (PwC) report...
 
Investment policy expected soon in Myanmar
Myanmar Investment Commission gave the nod to eight projects totalling US$3 million.
 
They say that money makes the world go round. The idea of getting rich is one subject that is guaranteed to grab plenty of attention.
 
Investors deflated on 'disappointing' BOJ stimulus plan tweaks
The Bank of Japan deflated investor spirits Friday with underwhelming tweaks to its giant stimulus plan that fanned worries its monetary policy arsenal is almost empty.
 
The yen soared Friday as the Bank of Japan's small adjustments to its stimulus program disappointed traders who had expected a huge boost to its arsenal.
 
Mainland China legalizes ridesharing services
Mainland China on Thursday announced new rules governing ridesharing services, making clear for the first time that they are now legal in a giant market where U.S.-based Uber is at loggerheads with local rival Didi Chuxing.
 
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