John Geddie (REUTERS) SINGAPORE Singapore said on Thursday it had levied an S$11.2 million ($8 million) fine on Swiss bank UBS after investigations showed its advisors deceived clients over prices for bonds and structured products. The Monetary Authority of Singapore (MAS) said UBS had reported certain malpractices in Hong Kong and Singapore...
KUALA LUMPUR (REUTERS) KUALA LUMPUR Malaysia signed a pact on Thursday for exports of palm oil to south Asia next year, amid uncertainty over trade with India after its dealers last month urged a boycott of palm oil from the southeast Asian nation. In October, India's top vegetable oil trade body told...
Kaori Kaneko and Daniel Leussink (REUTERS) TOKYO Just as Shinzo Abe becomes Japan's longest-serving prime minister, he may be leading the world's third-biggest economy into a downturn, with little ammunition left over from his landmark "Abenomics" stimulus policies deployed seven years ago. The three arrows of Abenomics - bold monetary easing, fiscal...
Sam Nussey and Chris Gallagher (REUTERS) TOKYO SoftBank's Yahoo Japan is in talks to merge with messaging app operator Line Corp to create a $27 billion tech giant and help the Japanese conglomerate expand e-commerce and payments services. Yahoo Japan, which last month changed its name to Z Holdings, said on Thursday...
Phuong Nguyen and Mas Alina Arifin (REUTERS) HANOI/BANDAR LAMPUNG, Indonesia Coffee trading in Vietnam picked up slightly ahead of the main harvest expected from mid-November, while the Indonesian market was dull as harvest season has passed, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing area, sold coffee at...
  Wayne Cole(REUTERS) SYDNEY The Australian dollar was heading for heavy weekly losses on Friday as rate-cut risk returned with a vengeance, while its New Zealand neighbour went the other way after a policy easing was ruled out for at least a couple of months. The Aussie was pinned at $0.6796, having lost...
Tabita Diela and Nilufar Rizki (REUTERS) JAKARTA Indonesia swung to a trade surplus in October due to a slower-than-expected drop in exports, despite weak global trade amid the U.S.-China trade war, data from the statistics bureau showed on Friday. Southeast Asia's largest economy recorded a trade surplus of $161.3 million in October,...
Myo Sandar/Myanmar Business Today Local and foreign microfinance institutions have provided a total of K172 billion in loans to 5.6 million people, representing 1.59 percent of GDP, according to Deputy Minister of Commerce U Maung Maung Win. “Those loans go directly to low-income people, because people with high income can get...
  Tin Mg Oo/Myanmar Business Today The Asian Development Bank will provide $51.2 million assistance to build all-weather rural roads in Ayeyarwady and Magway regions. The project will include upgrading about 152 k.m. of rural roads with paved surface and climate-resilient features across 150 villages in Ayeyarwady and Magway, two less-developed regions...
Ei Thandar Tun/Myanmar Business Today Following a one-year trial period ended September 30, during which visas on arrival were offered to visitors from Australia, Germany, Italy, Russia, Spain and Switzerland, Myanmar plans to extend the privilege to citizen of five other countries later this year. The five new countries include Hungary,...