Nirgunan Tiruchelvam, Equities Analyst at Standard Chartered says there is an increase in disposable income in Southeast Asia which will have a positive effect on the consumption story in the region. He believes Myanmar's beer market has potential for strong growth.» Read More
*Parliament agrees to budget revisions. JAKARTA, June 17- Indonesia's parliament paved the way on Monday for a jump in gasoline and diesel prices after months of delay that have undermined confidence in the government and the ability of Southeast Asia's biggest economy to continue growing rapidly.
*Japan says no change in stance on U.S. wheat. SEOUL/ TOKYO, June 17- Asian wheat buyers remain concerned U.S. imports could be tainted with genetically modified wheat even as U.S. government findings showed the discovery of an unapproved GMO strain in Oregon appeared to be an isolated incident.
*MSCI Asia ex- Japan up 0.5 pct, Nikkei advances 1.2 pct. *Copper rises on short covering after steep weekly losses. "Market players both domestic and overseas are taking a wait-and-see stance," said Kim Young- il, a market analyst at Daishin Securities, of South Korean shares which traded nearly flat but hovered near a seven-month low hit last week.
JAKARTA, June 17- Indonesia's parliament could pass measures on Monday paving the way for a 33 percent rise in the country's fuel prices to reduce a government subsidy bill that has cast a shadow over Southeast Asia's biggest economy. Jakarta shares and the rupiah were steady in early trading.
JAKARTA, June 17- Indonesia's parliament could pass measures on Monday paving the way for a 33 percent rise in the country's fuel prices to reduce a government subsidy bill that has cast a shadow over Southeast Asia's biggest economy.
PARIS, June 16- International orders are set to eclipse U.S. military purchases of Sikorsky Aircraft helicopters in four or five years, the company's president told Reuters ahead of the Paris air show.
*MSCI Asia ex- Japan rises 1.4 pct, Nikkei jumps after sharp sell-off. TOKYO, June 14- Asian shares rebounded from multi-month lows on Friday, as upbeat economic data boosted U.S. equities and calmed nerves after a bruising selloff in global markets, but investors remained anxious ahead of next week's Federal Reserve policy meeting.
JAKARTA, June 13- Indonesia became the first central bank in Asia to raise its policy interest rate since 2011, the strongest sign yet in regional emerging economies of the stress being wrought by the global markets rout.
*MSCI Asia ex- Japan tumbles 1.9 pct to new 2013 lows.
*Kuwait's population is two-thirds foreign. KUWAIT, June 12- The narrow, cracked streets of the district of Jleeb al-Shuyoukh, down the road from Kuwait's main airport, would normally be bustling with Indian and Bangladeshi workers by late morning, just before the summer sun becomes unbearable.
KUALA LUMPUR, June 12- A deepening slump in exports is sending tremors through Asia, threatening to undermine some booming emerging economies that have surged ahead in recent years on a heady combination of easy credit, buoyant consumer demand and strong domestic investment.
*Indonesia's central bank raises FASBI rate. SINGAPORE, June 11- Asian stock, bond and currency markets took another big hit on Tuesday after a fresh spike in U.S. interest rates re-ignited concerns about capital flows from the region and prompting a surprise rate hike by Indonesia's central bank.
The Indian rupee hit a record low as markets in Asia experienced volatility similar to that seen on a couple of days last week, driven likewise by the combined fears of the Federal Reserve's premature tightening of policy and a slowdown in China's economic growth.
*Austria says will quit U.N. force because of violence. BEIRUT, June 6- Austria said on Thursday it would pull out of a U.N. force on the Golan Heights after battles between Syrian troops and rebels there, in a blow to a mission that has kept the Israeli-Syrian war front quiet for 40 years.
Pacific Command, did not mention any country by name, but China's increasingly aggressive claims to disputed islands have triggered worries about confrontations with others including the Philippines, Vietnam, Malaysia and Brunei. Southeast Asian governments want a legally binding code of conduct with China to deter hostile actions and prevent fighting.
SINGAPORE, June 3- The email landed at a tough time for David Chong, the colourful founder and chairman of Portcullis TrustNet, one of Asia's biggest wealth advisory companies. Singapore, like other wealth management centres, is in the regulatory spotlight and Chong said the reporters unfairly singled out Portcullis as one of the villains.
MANILA, June 2- Mateo Ragonjan took a leap of faith in August last year. The executive sous-chef of a seven-star luxury hotel in Abu Dhabi packed his bags to take up a similar job back home in the Philippines.
WASHINGTON/ SEOUL, May 31- The United States is still racing to determine how unapproved genetically modified wheat was found growing in an Oregon field, a discovery that continued to roil global wheat markets on Friday as South Korean buyers stepped aside.
TOKYO, May 31- South Korean millers suspended imports of U.S. wheat on Friday and some Asian countries stepped up inspections after the discovery of an unapproved strain of genetically modified wheat in the United States, but stopped short of imposing import bans.
In the wake of news that a strain developed by biotech giant Monsanto Co had been found in an Oregon field late last month, major buyer Japan cancelled plans to buy U.S. wheat while the Europe Union said it would step up testing.