Nikkei boosted by weaker yen and oil price fall
Japan’s Nikkei index closed at its highest level for two weeks, with exporters boosted by a weaker yen and airlines helped by falling oil prices.
Nissan says H1 Net Profit Rose 25% to US$2.3 Billion
Japan’s number-two automaker Nissan said it earned ¥237 billion in the April-September period, up from ¥189.82 billion a year ago, while sales rose 8.2 per cent to ¥5.14 trillion.
AECOM Awarded US$130 Million Contract for Cavern Sewage Treament Works in HK
AECOM has been appointed by the Drainage Services Department of the Hong Kong Special Administrative Region Government to provide investigation, design and construction supervision consultancy for the relocation of Sha Tin Sewage Treatment Works (STSTW) to caverns in Sha Tin, Hong Kong.
New Ultra HD TV by Toshiba Launches in Asia
Toshiba will soon be selling its Ultra HD L9450 range in Singapore and the rest of Asia starting at the end of the month. The 4K TV can run Android 4.4.4 (though not upgradable to the Android 5.0), and comes in 50-, 65- and 84-inch sizes.
Joko Widodo Sworn in as President of Indonesia
Joko Widodo, Indonesia’s first leader without deep roots in the era of Suharto, was sworn in as president Monday (Oct 20) but faces huge challenges to enact a bold reform agenda.
Japan’s Exports Rise at Fastest Pace in 7 Months
Japan’s exports rose at the fastest pace in seven months in September, easing fears that the country’s main growth engine is sputtering.
Smaller Businesses Can Buy Electricity Direct from Retailers from 2015
More commercial entities will be eligible to buy electricity direct from retailers from next year, according to Second Minister for Trade and Industry S Iswaran on Monday (Oct 27).
Food Companies Move to Upgrade Productivity in Singapore
About 1,300 food companies have embarked on productivity upgrading projects, including workflow redesign and workforce upgrading through training, according to Health Minister Gan Kim Yong.
India-Singapore Trade reached S$25.5b in 2013
Trade between India and Singapore rose to S$25.5 billion in 2013 from S$16.6 billion in 2005, when an economic cooperation agreement came into force.
World Bank Trims China’s Growth Forecasts
The World Bank on Monday (Oct 6) trimmed its growth forecasts for developing East Asian economies this year and next, as China’s economic expansion loses momentum and policymakers face tighter global monetary conditions.
