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  • ADB ready to lend Indonesia significant sum
    JAKARTA, Dec 1 (Reuters) The Asian Development Bank (ADB) is prepared to lend a ''significant'' amount to Indonesia so it can weather the global credit crisis, a top official at the lender said on Monday. A senior Indonesian finance ministry official
  • Obama says S Asia is chief threat to US
    CHICAGO, Dec 1 (Reuters) US President-elect Barack Obama said today militants based in South Asia represented the biggest threat to the United States and he was ''absolutely committed'' to eliminating the threat of terrorism. ''We cannot tolerate a
  • Economists: China mfg to slow further before 2009 rebound
    By Li Baojie BEIJING, Dec. 1 (Xinhua) -- China's manufacturing activity will slow further before rebounding next year, investment bank Merrill Lynch said in a research note. Data released on Monday showed the purchasing managers' index (PMI) of the
  • CEVA opens facility, wins contract in SE Asia
    CEVA Logistics said last week it will relocate to a new 350,000-square-foot distribution center in Bukit Jelutong, Malaysia in early 2009. The logistics giant, whose U.S. headquarters is in Jacksonville, Fla., just passed its first anniversary of
  • Euro weaker in Asia ahead of decisions over interest rate cuts
    The euro extended its losses against other major currencies in Asia yesterday as traders anticipated a hefty interest rate cut by the European Central Bank later this week. The euro fell to US$1.2686 in Tokyo afternoon trade from US$1.2695 in New York
  • Australia, China, South Korea slumping in unison
    First Australia, then China's manufacturing sector had a horror October according to survey results released yesterday. Both are signs the slump in the respective economies is deepening, as both countries are not in recession, or on the verge like the
  • Diary - Hong Kong - to December 8
    (Times are provisional in HK time and GMT time in brackets; * denotes new entry; # denotes results cover; N/A denotes Not Applicable) TUESDAY, DECEMBER 2 ++ ECON/MEDIA ++ - 0900 (0100) Clinton Global Initiative (CGI) Asia meeting. Grand Hyatt. ++ COMPANY
  • Aussie tourists in Singapore awaiting end to Thai ordeal
    Hundreds of relieved Australian travellers stranded by political violence in Thailand, have touched down in Singapore on an emergency flight out of the country. 350 people turned up at Phuket Airport this morning hoping to get on board the Qantas airbus
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