BEIJING Chinese President Xi Jinping has stressed the Party's absolute leadership over political and legal work. Xinhua, China’s State newsagency, reports that Xi, who is also General Secretary of the Communist Party of China (CPC) Central Committee and Chairman of the Central Military Commission, made the statement in an instruction read at the central conference on political and legal work which opened in Beijing yesterday.
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SINGAPORE - The Singapore Parliament has passed amendments relating to the Singapore International Commercial Court (SICC). The Supreme Court of Judicature (Amendment) Bill (No. 47/2017) principally aims to: (1) clarify the extent of the SICC's jurisdiction; and (2) streamline the SICC's procedures, says a Client Alert from lawyers BakerMcKenzie.
TAIPEI - Taiwanese credit profiles are likely to improve slowly throughout 2018, buoyed by the recovering macro-economy and ample liquidity in the domestic banking sector, says ratings agency Standard and Poor’s.
BEIJING – China’s State newsagency is reporting that the Communist Party of China (CPC) Central Committee on Friday proposed writing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era into the Constitution.
Major theoretical achievements, principles and policies adopted at the 19th CPC National Congress should be incorporated into a revision to the Constitution, according to a communique issued after the second plenary session of the 19th CPC Central Committee held in Beijing Friday. A proposal from the CPC Central Committee on the revision was adopted at the meeting, Xinhua said.
SINGAPORE - Global market research company Euromonitor International has unveiled via webinar the latest trends shaping the halal market as companies race to benefit from a pool of untapped consumers.
SINGAPORE - Bank Negara Malaysia (BNM) is expected to increase the Overnight Policy Rate (OPR) by 25bps to 3.25% at its January 25 meeting, ANZ Bank reports, adding that even with this increase, the overall monetary policy stance will still be accommodative, as real rates remain at negative levels.
BEIJING - China's economy ended 2017 on strong footing with a better-than-expected growth rate and improved structure, official data shows. The world's second largest economy expanded 6.9% on-year in 2017, higher than the 6.7% growth registered in 2016, data from the National Bureau of Statistics (NBS) showed.
HONG KONG – The Hong Kong Trade Development Council (HKTDC) has signed a Memorandum of Understanding (MoU) with the Hokkaido Government to strengthen bilateral economic co-operation and assist Hong Kong and Hokkaido enterprises in exploring overseas markets.
SEOUL - The Korean Won was the best performing currency in Asia in 2017 – rising by 13% versus the US dolla.r Rapid export growth, a weaker USD, and fear of being labelled a currency manipulator by US President Trump were key reasons that the Bank of Korea (BOK) stayed on the sideline and allowed the Won to outperform in 2017, says the French bank, Natixis, adding that it does not expect such strength is to last, for two reasons:
HONG KONG – China’s Ministry of Commerce (MOFCOM) in June 2017 published a draft Export Control Law (ECL) for public comment. In a Client Alert, lawyers Baker McKenzie says that, if enacted, the ECL will be the first set of comprehensive and unified export control legislation in China, which is aimed at upgrading the country's existing regime of various administrative regulations and rules. BM says the ECL is widely expected to be introduced in the National People's Congress within 2018.
BEIJING - China on Tuesday again voiced opposition to a gathering in Vancouver of foreign ministers from 20 countries on security and stability on the Korean Peninsula. Canada and the United States will co-host the meeting to discuss measures to exert maximum diplomatic as well as economic pressures on North Korea to force it to end its nuclear and missile programmes.
SINGAPORE - Most Asia-Pacific sovereign ratings are likely to remain unchanged in the next one to two years, S&P Global Ratings said in a report released today. "All but two of our sovereign ratings in the region currently record a stable outlook,” S&P said. “Although economic growth rates this year are likely to be lower than 2017's, our current real GDP forecasts are mostly stronger than our 2018 growth forecasts made a year earlier.
HONG KONG - Business and finance professionals and senior Government officials from around the world will participate in the 11th Asian Financial Forum starting Monday January 15 at the Hong Kong Convention and Exhibition Centre (HKCEC).
HO CHI MINH CITY - Vietnam fulfilled and surpassed major economic goals in 2017 with its GDP growth rate among the highest globally. The Government’s target of 6.5-6.7% GDP growth for 2018 looks feasible as the stable macro-economic environment will expectedly continue into next year, according to Vietnam Asset Management in its monthly report.
HONG KONG - Hong Kong’s securities and derivatives markets set several new records in 2017, according to full year market statistics released by Hong Kong Exchanges and Clearing Limited (HKEX).
HONG KONG – French President Macron’s first state visit to China is not only relevant for France’s economic and political agenda but also for that of Europe, says Alicia Garcia Herrero, Chief Economist Asia Pacific for Natixis. She says Macron and China’s President Xi Jinping can be expected to increase the frequency of their State visits as well as bilateral exchanges to an extent that France might become China’s most relevant partner in Continental Europe.