Category: FinanceAsia
India reveals US$196b mini-budget
To counter the global economic downturn, India rolled out its pre-polls budget of US$196 billion Monday. Acting Finance minister Pranab Mukherjee announced an interim budget [...]
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AsianBondsOnline Week of 9 -13 February 2009
Yield curves for selected Asian government bond markets widened this week, reflecting continued concern about the financing needs of their respective governments for 2009, as [...]
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Is there any hope for the local currency?
The Indonesian currency continues to weaken amid ongoing global economic turmoil. Can we expect a turn-around anytime soon? During the start of the year, many economists, [...]
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Asian fx fund may be raised to US$120b
Finance ministers from 13 Asian countries will discuss expanding a currency swap scheme to US$120 billion at a meeting in Thailand next weekend, Thai Finance minister Korn [...]
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ADB News Highlights
Yield curves for several Asian government bond markets widened out last week on the back of a modest rise in yields over most of the US curve as well as continuing recoveries [...]
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Asia’s January car sales slump
New car sales fell by a fifth in Japan last month, and South Korea’s automakers moved a third fewer cars, as consumers fearing for their jobs and facing tight credit [...]
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Energy giant first of 40 set cross-border listings
Ch Karnchang is set to ap-point a financial adviser for the listing of its Laos-based subsidiary Southeast Asia Energy (SEAN) on the Stock Exchange of Thailand late this [...]
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Filipino rebels want investment for hostages
Two al-Qaida-linked militants wanted by Washington have demanded education and development projects for impoverished Muslim communities in exchange for the freedom of three [...]
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Changi Airport passenger growth slows: report
Passenger traffic at Singapore’s Changi Airport grew 2.7 percent last year, its slowest growth in five years as the economic slowdown begins to hurt travel and [...]
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Asia’s economic crunch catches up with Australia
Tech-savvy South Korea has nearly as many cell phones as people, officials said Wednesday Jan 28. There were 45.6 million mobile phone subscribers in South Korea in December [...]
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Asia sovereign wealth funds eye AIG aircraft leasing arm
American International Group has received bids for its aircraft leasing unit from sovereign wealth funds in Singapore, China and the Middle East, Reuters reported, citing two [...]
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Islamic debt sales may plunge as Gulf oil wealth ebbs
Islamic bond sales may fall for a second straight year after hitting a record US$30.8 billion (US$1 = RM3.61) in 2007 as tumbling oil prices sap demand from their target [...]
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Asian spreads widen on economic fears
Asian bond spreads widened Wednesday on worries that more bank failures could freeze global credit markets again, making it harder for the region’s export-dependent [...]
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Asia currencies dragged lower by economy woes
Asian currencies were mostly weaker on Tuesday, led by the South Korean won and Malaysian ringgit, as heightened concerns about the global economy and the banking sector [...]
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Australian contractor wins AU$377m coal extraction contract
Clough’s Indonesian subsidiary has signed a USUS$250 million (US$A376.9 million) five-year contract to mine the Santan Batubara coal project in East Kalimantan. The [...]
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