China Focus: Economy finds hope in tech giants' performances

October 29, 2015 5:42 am· Comments Off on China Focus: Economy finds hope in tech giants' performances 

BEIJING, Oct. 28 — Eye-catching quarterly gains by Apple and Alibaba in China have provided fresh proof that growing online and high-tech consumption may be coming to the rescue of the country's economy.

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Malaysia maintains ranking in World Bank's Doing Business Report

October 29, 2015 5:42 am· Comments Off on Malaysia maintains ranking in World Bank's Doing Business Report 

KUALA LUMPUR, Oct. 28 — malaysia has maintained its 18th position out of 189 economies in the 2016 World Bank's Doing Business Report (DB 2016).

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Maybank expands branch network in Sarawak

October 29, 2015 5:42 am· Comments Off on Maybank expands branch network in Sarawak 

KUCHING, Oct. 28 — Maybank has expanded its network in Sarawak to 27 with the launch of its latest branch in Matang Jaya, nine kilometers from Kuching.

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Vietnam sees over 40% growth in FDI attraction in 10 months

October 29, 2015 5:42 am· Comments Off on Vietnam sees over 40% growth in FDI attraction in 10 months 

HANOI, Oct. 28 — Vietnam saw a growth of 40.8 percent in attraction of foreign direct investment (FDI) in the first 10 months of 2015, according to Vietnam's General Statistics Office (GSO) on Wednesday.

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Skolkovo: Recipe of Russia's 'Silicon Valley' success revealed

October 29, 2015 5:42 am· Comments Off on Skolkovo: Recipe of Russia's 'Silicon Valley' success revealed 

MOSCOW, Oct. 28 — The Skolkovo Innovation Center, which opened in 2010, is often labeled Russia’s "Silicon Valley" and is aimed to lead the country’s drive to diversify and modernize its economy and increase the country's output of high-tech products.

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APEC instils trade liberalization gains in PHL

October 29, 2015 5:42 am· Comments Off on APEC instils trade liberalization gains in PHL 

By Kris M. Crismundo

MANILA, Oct. 28 (PNA) — Among the country’s gains as a member economy of Asia Pacific Economic Cooperation (APEC) are the benefits of trade liberalization pushed in the forum, said Department of Trade and Industry (DTI) Secretary Gregory L. Domingo.

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'16 polls not a cause of concern vis-a-vis PHL growth – ANZ

October 29, 2015 5:42 am· Comments Off on '16 polls not a cause of concern vis-a-vis PHL growth – ANZ 

By Joann Santiago

MANILA, Oct. 28 (PNA) — Australia and New Zealand Banking group (ANZ) does not see big risks on the Philippines' fundamentals vis-a-vis the 2016 national polls, citing that the economy's strength has been in place even before 2010.

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Roundup: Singapore stocks end down 0.39 pct

October 29, 2015 5:42 am· Comments Off on Roundup: Singapore stocks end down 0.39 pct 

SINGAPORE, Oct. 28 — Singapore shares closed 0.39 percent lower on Wednesday as investors cautiously waited for U.S. Federal Reserve policy decision later in the day.

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Alipay to launch payment service in Taiwan

October 29, 2015 5:42 am· Comments Off on Alipay to launch payment service in Taiwan 

HANGZHOU, Oct. 28 — Alipay, China's leading electronic payment platform, has received approval to launch a payment service in Taiwan in the fourth quarter, Ant Financial, Alipay's operator, said on Wednesday.

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China Life net profit rises 22.8%

October 29, 2015 5:42 am· Comments Off on China Life net profit rises 22.8% 

BEIJING, Oct. 28 — China Life Insurance Co., the country's biggest life insurer, said Wednesday that its net profit for the first three quarters rose 22.8 percent year on year to 33.8 billion yuan (USD 5.3 billion).

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