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BOLETÍN DE NOTICIAS DE ASIA PACÍFICO1 Abril – Junio 2016 N°9
Noticias empresariales y comerciales
Xiaomi invests $25 million in India (4/4/2016) Xiaomi has made its first investment in India, leading a $25 million (Rs 170 crore) funding round into Hungama Digital Media Entertainment, an aggregator and publisher of entertainment content on the internet. Vietnamese Pho introduced in Mexico (4/4/2016) The Vietnamese Embassy in Mexico held a ‘Vietnamese Pho Day’ on April 3 to introduce the traditional Vietnamese noodle soup to international friends. Vietnam, Laos foster financial co-operation (4/4/2016) Vietnamese Finance Minister Dinh Tien Dung and Lao Finance Minister Lien Thikeo signed a financial co-operation agreement for the 2016-2020 period in Vientiane on
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Elaborado en base a las versiones digitales (en inglés y español) de los diarios más representativos de la región de Asia Pacífico. Las noticias son responsabilidad del medio periodístico no comprometiendo ni reflejando las opiniones del Observatorio América Latina – Asia Pacífico, ni de las Organizaciones que lo conforman. Las noticias son presentadas en su versión e idioma original con acceso directo al link de acceso al periódico.
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April 3, marking a new chapter in the co-operation between the two ministries and two countries. Foreign investors still keen on PH (5/4/2016) Business and accounting guru Washington Sycip Monday said the money laundering case that has now become a global spectacle has not curbed foreign investors’ appetite on the Philippines. Chinese firms invest more than RM13B in M’sia since 2009 (5/4/2016) China’s direct investments in Malaysia’s manufacturing sector amounted to RM13.6 billion between 2009 and 2015, says Deputy International Trade and Industry Minister Datuk Ahmad Maslan. Samsung pips Apple to claim No. 1 spot in premium segment in India: CMR (6/4/2016) Samsung pipped Apple to claim the No 1 spot in the premium smartphone segment (Rs 30,000 upwards) for 2015, though the Cupertino-based company could benefit most from the 51% growth expected in 2016 to 5 million unit sales, Cybermedia Research said.
Air New Zealand announces direct flights to Manila (6/4/2016) Air New Zealand has announced it will fly direct to the capital of the Philippines, Manila, starting from December. Chinese company wins bid to build int'l cargo hub in Bolivia (7/4/2016) China's Beijing Urban Construction Group (BUCG) has won a bid to build an international cargo hub and airport in Bolivia's eastern department of Santa Cruz, the Bolivian news agency ABI reported Wednesday.
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Partnership with Suzuki will boost Proton’s sales: MAA (7/4/2016) The partnership with Japanese carmaker Suzuki Motor Corp will help boost Proton Holdings Bhd’s sales, said Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad. LG Display on Track to Build New Factory in Vietnam (7/4/2016) LG Display has signed a memorandum of understanding with the city government of Hai Phong, a port city in northern Vietnam, to build a new factory there, it said on Wednesday.
Vietnam Expo 2016 to enhance economic co-operation (7/4/2016) The 26th Vietnam International Trade Fair (Vietnam Expo 2016) will be held in Hanoi on April 13-14, which was announced at a press brief on April 7. AIIB open to new members: FM (8/4/2016) China on Thursday reiterated that the Asian Infrastructure Investment Bank (AIIB) is an open and inclusive multilateral development organization, and will admit new members based on its Articles of Agreement (AOA).
LG to Make Smartphones in India (8/4/2016) LG will manufacture cheap smartphones in India after signing a contract with Indian smartphone maker GDN Enterprises for the use of its factory. Argentine firms take interest in Vietnamese market (10/4/2016) The federation of commerce and industry of Buenos Aires and Argentina’s confederation of enterprises CAME recently organised a workshop on trade opportunities with Vietnam in Argentina. Vietnam calls for India’s increased connectivity with ASEAN (10/4/2016) Vietnamese Ambassador to India Ton Sinh Thanh has called for accelerating overland, railway, waterway and airway connectivity between northeast India and ASEAN countries as well as facilitating Indian trade with its neighbouring countries.
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Vietnam’s trade deficit with China drops (10/4/2016) Vietnam saw a reduction in its trade deficit with China in the first quarter of 2016, raising expectations of an ongoing decline in this deficit for the whole year. Chinese investment in Australia grew 33% in 2015: report (11/4/2016) Chinese investors have taken advantage of the weakened Australian dollar after a report found Chinese investment in Australia rose by 33 percent in 2015. Alibaba buys control of Lazada in $1 billion bet on SE Asia e-commerce (12/4/2016) Alibaba Group Holding Ltd has agreed to buy a controlling stake in Southeast Asian online retailer Lazada Group for about $1 billion, its biggest deal overseas, as the Chinese e-commerce giant seeks fertile new turf while growth slows at home. China trade beats hopes as exports rise (13/4/2016) China’s trade performance blew past expectations in March, with exports returning to growth for the first time in nine months, providing more evidence of stabilisation in the world’s second-largest economy.
Foreign funds returning to Malaysia, market capitalisation near all-time high (13/4/2016) Malaysia is seeing a return of foreign funds to equities, with net inflows totalling RM5.6bil for the three months to March 2016. Vietnam welcomes Indian investors: ambassador (13/4/2016) Vietnam will create favourable conditions for and offer incentives to Indian firms to invest in Vietnam, Vietnamese Ambassador to India Ton Sinh Thanh has announced.
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Southern region takes lead in attracting FDI (13/4/2016) The southern region has received US$1.7 billion worth of foreign direct investment (FDI) in the first quarter of 2016, according to the Ministry of Planning and Investment’s Foreign Investment Agency. Asian markets track global surge on oil deal hopes (14/4/2016) Energy firms led an Asian stock market rally Wednesday as strong trade data from China and news of a deal between Russia and Saudi Arabia to limit oil output injected much-needed optimism. LG makes a renewed pitch at Indian mobile handset market (14/4/2016) Korean electronics giant LG has missed the mobile phone boom in India, but wants to change its standing as it looks to crack the burgeoning handset market currently dominated by compatriot Samsung. GDP of 4 ASEAN nations to exceed $1 trillion by 2030 (14/4/2016) Malaysia, Indonesia, the Philippines and Thailand are expected to join the ranks of Asian nations with a gross domestic product (GDP) exceeding US$1 trillion by 2030, according to a study by US-based global information company IHS Inc. Australian firm eyeing to market its industrial lubricants to Brunei (14/4/2016) Australian manufacturer and anti-corrosion specialist Lanotec Australia Pty Ltd (Lanotec) is eyeing to sell its heavy-duty lubricants in Brunei. Malaysia a top FDI hotspot (15/4/2016) Malaysia is ranked among Asia Pacific’s top 10 foreign direct investment (FDI) hotspots, according to a study by US-based global information company IHS Inc. Asean remains attractive for investors (15/4/2016) The steady growth of Asean in the last five years is testimony that it is not affected by the flow of hot money in and out of the region.
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Australia ranked most favourable country to conduct business for Chinese business leaders (19/4/2016) Australia is ranked the most favourable country to conduct business by Chinese business leaders and business engagement between Australia and China is expected to increase over the next 12 months, a new report has found. Chinese trucks flood Vietnamese market (19/4/2016) Chinese, Thai and South Korean automobiles have dominated the Vietnamese market, mainly due to reasonable prices, especially those of Chinese vehicles and lower import taxes.
TPP SME body to take shape as early as 2018 (19/4/2016) The 12 Trans Pacific Partnership partners will establish a body to link small and medium-sized enterprises once the trade deal takes shape, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. Brunei has big potential to develop agribusiness, says Aussie expert (21/4/2016) Identifying current limitations and future solutions and opportunities is important in developing Brunei Darussalam’s agribusiness sector, said Professor Peter J Batt.
Workshop stimulates trade links between Vietnam and South Asian countries (21/4/2016) A workshop on “International trade finance, logistics and business development” to enhance trade relations between Vietnam and South Asian countries was held in Hanoi on April 21, attracting 200 delegates from exporters, banks, financial institutions and carriers in Vietnam and Bangladesh. Thailand to sell 11.4m tonnes of rice (25/4/2016) Thailand plans to sell the remaining 11.4 million tonnes of rice in government stockpiles within two months, the country’s rice management board says.
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Nissan will focus on young Chinese drivers (25/4/2016) Nissan Group introduced two new models at the Beijing auto show, stressing its effort to attract more young Chinese consumers. Australia to feature at China's biggest trade expo (26/4/2016) Australia will take center stage at the China International Fair for Investment and Trade (CIFIT) in Xiamen during September 2016. Chinese firm to help expand important highway in Costa Rica (28/4/2016) China Harbor Engineering Company (CHEC) has won a contract for an important highway expansion project in Costa Rica, the company said on Wednesday.
M'sia Airlines' great service reflects how the country welcomes investors - Indian investor (2/5/2016) Malaysia Airlines’ excellent services is a good benchmark on how Malaysia welcomes investors, Tata Consultancy Services Ltd (TCS) head (delivery and operation) Milind Kamble said. Hong Kong investors keen on Japanese property (3/5/2016) The rising Japanese yen and falling home prices in Hong Kong have not deterred local investors from buying Japanese properties, industry experts say, because flat values in the city are still high, which compresses annual yields. Exports of Korean washers nearly triple in Australia, New Zealand (3/5/2016) Exports of Korea-made washing machines nearly tripled in Australia and New Zealand for the first three months of the year on the implementation of free trade pacts with the countries, customs data showed Tuesday. Asia-Pacific’s growth remains strong for 2016, 2017: IMF (3/5/2016) Growth in Asia-Pacific economies is expected to decelerate slightly to about 5.3% during 2016-2017, according to the latest Regional Economic Outlook for Asia and Pacific, published on May 3, 2016.
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Malaysia 2nd most attractive for infrastructure investment in Asia (4/5/2016) Malaysia ranks No. 2 in terms of attractiveness for infrastructure investment in Asia. It also sits in fifth place globally in the third edition of the Global Infrastructure Investment Index, according to Arcadis, a global design and consultancy firm. Indonesia commits to enhanced cooperation with ASEAN+3 (5/5/2016) Bank Indonesia (BI) Governor Agus Martowardojo has said the central bank and the government are committed to enhancing cooperation with ASEAN+3 member countries, namely China, Japan and Korea, to face global economic challenges.
Asian Development Bank to reform project delivery, cut delays (6/5/2016) In response to concerns voiced by shareholders about the speed of project delivery and procurement rules, the Asian Development Bank (ADB) has vowed to embark on necessary reforms that will deliver outcomes faster. 2nd China-Indonesia High-level Economic Dialogue kicks off in Jakarta (9/5/2016) The second meeting of China-Indonesia High-level Economic Dialogue, which was cochaired by Chinese State Councilor Yang Jiechi and Darmin Nasution, Indonesian Coordinating Minister for Economic Affairs, was held here on Monday.
Samsung plans production of 200 million smartphones in Vietnam (9/5/2016) Samsung Electronics Co., Ltd, the world’s leading smartphone manufacturer from the Republic of Korea, is planning a production run of 200 million smartphones in Vietnam this year. Myanmar's KBZ Bank moves into Thailand (10/5/2016) Myanmar's banking sector is set to expand beyond national borders for the first time with Thailand’s granting of a licence to Kanbawza (KBZ) Bank to open a representative office.
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Air NZ eyes new China route (11/5/2016) Air New Zealand has been assessing a number of Chinese cities as potential destinations, including Chengdu, which is rumoured to become its next new route. Hyundai's Cumulative Sales in India Top 4 Million Units (11/5/2016) Hyundai has hit a significant sales milestone in India, selling more than four million cars in the south Asian country since it first entered the market about 20 years ago. Samsung Ties Up with Alibaba (19/5/2016) Samsung is teaming up with the world's largest online retailer Alibaba to boost usage of its mobile payment service Samsung Pay in China.
CAMFOOD expo set to bring in foreign goods (9/6/2016) The fifth annual CAMFOOD and CAMHOTEL expo is scheduled for October 22 and will mostly feature foreign companies, giving local companies the opportunity to learn from foreign business practices as well as showcase their own products, industry leaders announced yesterday. Chinese investors increasingly enthusiastic about Indonesia (13/6/2016) Chinese investors are getting more enthusiastic about putting money into Indonesia, with investment indicators showing a positive trend of investment flow from the country, according to consultant firm RSM Indonesia. India keen to help Brunei’s agriculture, IT sectors (17/6/2016) India is keen to use its vast experience in agriculture and IT to help Brunei meet its goals for a diversified economy and improved food security. China-Cambodia joint venture to build 230 mln USD cement plant in NW Cambodia (17/6/2016) A China-Cambodia joint venture has announced a plan to build a 230-million-US dollar cement factory in northwestern Cambodia's Battambang province next month, the Phnom Penh Post reported on Friday.
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Southeast Asia airlines look to India (17/6/2016) Following India's open-skies policy allowing more airlines to fly into and out of the country, more airlines including Thai Airways and Singapore Airlines, are seen to benefit from it. Korea and India to Increase Trade Items for Tariff Elimination (20/6/2016) Korea and India will seek to expand the areas for tariff elimination by revising the bilateral Comprehensive Economic Partnership Agreement. The Korean Ministry of Trade, Industry, and Energy said that it held a CEPA ministerial joint commission meeting on June 18 in New Delhi and agreed to the pact's revision.
Australian wine critic sees the future in China (20/6/2016) In 2008, Australia's Jeremy Oliver became the first Western wine critic to create a book especially for the Chinese audience with the publication of Enjoy Wine with Jeremy in Mandarin. China Industrial Park in India launched (21/6/2016) The China Industrial Park in India is officially launched in Beijing on Monday.
Mexico opens new sea route to Vietnam (22/6/2016) The Port of Lazaro Cardenas (LCT), the largest Mexican container port, launched routes to Vietnam and Chile on June 21 which will save up to 13 - 18 days of transit. Lao and Asean to boost furniture product development (23/6/2016) The Lao Furniture Association (LFA) and the Asean Furniture Industries Council (AFIC) will boost their cooperation in furniture and wood products development to attract more buyers and enter the international market.
Samsung launches Gear 360 in HK (23/6/2016) Samsung’s Gear 360 featuring a 360-degree camera has arrived in Hong Kong. The Gear 360 is designed for travel, festive gatherings and every activity in between to provide a visual experience.
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ASEAN lags in global e-commerce (30/6/2016) LESS than one in six people from major ASEAN economies shop online which is an indication that e-commerce in the fast growing region is still in its infancy stages, according to a joint report made by a consulting firm and a research organisation.
Acuerdos y negociaciones China, S. Korea, Japan to hold talks on trilateral FTA in Seoul (4/4/2016) China, South Korea and Japan will hold working-level talks on the trilateral free trade agreement (FTA) in Seoul this week, South Korea's trade ministry said on Monday. Thailand’s decision on TPP likely this month (5/4/2016) Prime Minister Prayut Chan-o-cha is expected to announce Thailand’s decision on whether it will join the Trans-Pacific Partnership during a meeting on international economic policy this month, after a study found that the pact would benefit the country, said Deputy Prime Minister Somkid Jatusripitak. Australia to bring its 'largest ever trade mission' to China: minister (5/4/2016) Representatives from more than 1,000 Australian businesses will be part of Australia's "largest ever trade mission" to China this month, following the signing of the ChinaAustralia Free Trade Agreement (ChAFTA). Korea, Mexico to Resume FTA Talks (5/4/2016) President Park Geun-hye and her Mexican counterpart Enrique Peña Nieto agreed Sunday to resume free trade talks that have been suspended since 2008. Asean ministers push for financial integration by 2025 (5/4/2016) Finance ministers and central bank governors from the Association of Southeast Asian Nations have agreed to make efforts toward realising financial integration in the region by 2025, according to their statement adopted this week.
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Vietnam leads ASEAN bloc on trade with Canada (5/4/2016) Vietnam has risen to take the lead in the Association of Southeast Asian Nations (ASEAN) on trade with Canada in 2015, with two-way trade reaching over US$3.7 billion, up 23.9% compared to 2014. Brunei in process of ratification for TPP (6/4/2016) Brunei is in the process of changing some of its domestic regulations and laws as part of preparations to pass the Trans-Pacific Partnership (TPP) agreement for ratification, a senior government official said. Asean-Northeast business summit opens (7/4/2016) The first business summit of the Asean with India's northeastern region opened here on Thursday with its focus on road connectivity, trade and tourism. Indonesia to ratify WTO trade facilitation agreement (13/4/2016) Indonesia is ready to ratify the World Trade Organization (WTO) multilateral Trade Facilitation Agreement (TFA), a top official has said.
Australian leader visits China to lift bilateral ties (14/4/2016) Australian Prime Minister Malcolm Turnbull praised trade ties between his country and China and sought to further boost cooperation under a newly implemented free trade agreement as his visit to China began on Thursday. Japan, Panama agree to begin negotiations over exchange of tax information (21/4/2016) Japan and Panama on Wednesday agreed to start negotiations on a tax information exchange agreement to enhance transparency in the financial system. ASEAN single market could be as large as TPP: economist (25/4/2016) The integration of ASEAN ought to be more thoroughly explained to the people of Southeast Asia in order to speed up the creation of a single-market with the potential to
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be as large as the Trans-Pacific Partnership (TPP), said an economist at the 33th anniversary of The Jakarta Post.
AIIB, ADB sign MOU on cooperation (2/5/2016) The Asian Infrastructure Investment Bank (AIIB) and Asian Development Bank (ADB) on Monday signed a memorandum of understanding (MOU) to strengthen cooperation, the AIIB said in a statement. Lao, Japanese foreign ministers to meet in Vientiane today (4/5/2016) Lao Minister of Foreign Affairs Saleumxay Kommasith will meet his Japanese counterpart in Vientiane today to promote relations and cooperation between the two countries. China says door for dialogue with Philippines always open (9/5/2016) China said on Thursday the door for dialogue with the Philippines on the South China Sea is always open, refuting the country's argument that bilateral dialogue has come to an end. Japan, China may revive high-level economic talks possibly this summer (10/5/2016) Japan and China are considering holding a ministerial-level economic meeting as early as this summer in Tokyo as part of efforts to improve bilateral relations, a government source said Monday.
Sino-Korean ties to deepen (23/5/2016) China and South Korea have pledged to boost mutual trust and expand cooperation in all fields, following a visit by Liu Qibao, head of the Publicity Department of the Communist Party Central Committee.
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Mexico, S’pore leaders back TPP ratification (12/6/2016) Mexican President Enrique Pena Nieto said Friday that he and Singaporean counterpart Tony Tan will promote the ratification of a trans-Pacific trade pact. Vietnam, Cuba to join hands in construction material production (13/6/2016) Minister of Construction Pham Hong Ha urged Cuban leaders, including the construction minister, to facilitate the early establishment of a joint venture between the Vietnam Glass and Ceramics for Construction Corporation (Viglacera) and the Cuban Geicons Group. Conference discusses TPP’s influences on Vietnam (16/6/2016) The National Assembly (NA) Committee of External Relations and the United States Agency for International Development (USAID) organised a conference in Vung Tau, Ba Ria-Vung Tau province on June 16 to discuss influences of the Trans-Pacific Partnership on Vietnam. Laos, Cambodia cement ties, deepen cooperation (18/6/2016) The Lao and Cambodian foreign ministers agreed yesterday in Vientiane to work together to cement bilateral relations and deepen cooperation between the two neighbours, the Lao Ministry of Foreign Affairs has said.
Promoting investment and trade co-operation between Vietnam and Cambodia (21/6/2016) Vietnam and Cambodia are two neighbouring countries with a time-honoured friendship. Over the past years, the Vietnam-Cambodia cooperation and friendship have been continuously developed in all fields, particularly in the economy, trade and investment. Cambodia, Thailand review border trade (22/6/2016) Cambodian Foreign Minister Prak Sokhon discussed means of improving transport links and boosting bilateral trade during a two-day visit to Thailand, the foreign ministry said yesterday.
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Korea, China, Japan set for FTA talks this week (26/6/2016) South Korea will hold another round of trilateral talks with China and Japan this week on their planned free trade agreement, a related government ministry here said Sunday. Vietnam, China agree to solidify political trust (27/6/2016) Vietnam and China agreed to enhance political trust, maintain high-level visits and strive for new progress in their result-oriented co-operation at the ninth meeting of the steering committee for bilateral co-operation in Hanoi on June 27. Cambodia eyes more trade with Hong Kong (29/6/2016) The Ministry of Commerce received a visiting business delegation led by Bruno Luk, director of the Hong Kong Economic and Trade office in Singapore, Pao Hengdara, the ministry’s chief of cabinet, said yesterday. Officials bid to increase South Korean investment (30/6/2016) A delegation of Cambodian investment officials and prominent private sector businessmen held a seminar in Seoul, South Korea, yesterday in an effort to drum up more Korean investment in Cambodia’s growing agro-industrial sector.
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