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Vietnam dong devaluation inevitable, good for economy

Economists have hailed the State Bank of Vietnam’s decision to depreciate the dong, saying the move will help cool down the forex market and decrease the trade deficit, which has been growing since early this year. 808 more words

Business

China slashes key rates for third time

China’s central bank cut interest rates for the third time in six months as it steps up support for an economy grappling with a debt overhang and property slump. 377 more words

Business

Singapore economy 'remains on track to post moderate growth’

The Republic’s economy “remains on track to post moderate growth of 2 to 4 per cent” this year, according to the Monetary Authority of Singapore (MAS). 772 more words

Business

Obama, Abe eye strategic trade deal at White House

US President Barack Obama will seek to encourage the emergence of a more assertive Japan and close in on a major Pacific trade deal when he hosts Prime Minister Shinzo Abe at the White House on Tuesday (Apr 28). 539 more words

Business

China's Hong Kong to ink FTA with ASEAN by 2016

China’s Hong Kong Special Administrative Region is expected to sign a free trade agreement ( FTA) with the Association of Southeastern Asian Nations (ASEAN) by 2016, Chief Executive Leung Chun-ying said on Sunday. 223 more words

Business

China unveils measures to boost exhibition industry

China is planning to boost development of the exhibition industry through market liberalization, according to a guideline released by the State Council on Sunday.

A ministerial joint conference, including a dozen central government departments, will be established to coordinate the formulation and implementation of new market rules, the guideline said, setting a deadline of 2020 for China to have an exhibition center “with a sound development environment and a high level of internationalization”. 211 more words

Business

Only through quality can China conquer the global market

Chinese smartphone maker Xiaomi is celebrating five years of success this week. In its home market, the company has secured a solid niche and is now extending its reach overseas. 622 more words

Business