Asia Top News and Analysis Myanmar

  • LONDON, Aug 1- China's imports of refined base metals faded over the course of the first half of 2019.. But in part lower refined metal imports are also due to the continuing build-out of domestic refining capacity, which is reducing China's need for imports but stimulating the country's purchase of raw materials. These two themes define China's trade in copper...

  • LONDON, Aug 1- China's imports of refined base metals faded over the course of the first half of 2019.. But in part lower refined metal imports are also due to the continuing build-out of domestic refining capacity, which is reducing China's need for imports but stimulating the country's purchase of raw materials. These two themes define China's trade in copper...

  • SINGAPORE, July 12- Shanghai nickel prices recorded their strongest weekly gain since June 2018, as investors bet on the potential demand for the metal in the electric vehicle battery sector. Most other industrial metals traded in tight ranges, as investors exercised caution ahead of a key set of trade data from top metal player China due to be released later on...

  • SINGAPORE, July 12- Shanghai nickel prices rose to near their highest since March, as investors bet on the potential demand for the metal in the electric vehicle battery sector. Shanghai Futures Exchange's most active nickel contract advanced as much as 1.4% to 104,130 yuan a tonne, its highest since March 7, while benchmark nickel in London dipped 0.5% from a...

  • *Yunnan, Guangxi among 4 busiest property markets. XISHUANGBANNA, China, July 12- A bus came to a halt amid a tropical rainforest not far from China's border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow. Their objective: to snap up a piece of China's hottest real estate.

  • LONDON, July 11- Copper was supported by a weaker U.S. dollar on Thursday after Federal Reserve Chairman Jerome Powell raised expectations for an easing of monetary policy, although trade war tensions capped gains. Powell said on Wednesday the U.S. economy was under threat from a damaging trade war between Washington and Beijing, disappointing factory...

  • LONDON, July 11- Copper was supported by a weaker U.S. dollar on Thursday after Federal Reserve Chairman Jerome Powell raised expectations for easing monetary policy although trade war tensions erased gains. Powell said on Wednesday the U.S. economy was under threat from a damaging trade war between Washington and Beijing, disappointing factory activity and...

  • LONDON, July 11- Copper was supported by a weaker U.S. dollar on Thursday after Federal Reserve Chairman Jerome Powell raised expectations for an easing of monetary policy, boosting assets such as commodities which are priced in the currency. On Wednesday, Powell said the U.S. economy was under threat from a damaging trade war between Washington and Beijing,...

  • LONDON, July 8- The tin market was last week rudely awakened from its previous range-trading slumber. The chart picture looks even worse in Shanghai, where the bear attack was sprung amid a build in short positioning and a spike in trading activity. Indeed, rumbling supply issues may yet bite the Shanghai bears.

  • NAIROBI, July 5- Ethiopia will award two telecoms licenses to multinational mobile companies, a senior official said on Friday, in the first detailed announcement of the government's plans for opening one of the world's last major closed telecom markets. The government will also offer a minority stake in Ethio Telecom, the monopoly operator, and foreign firms...

  • *Demand growth in SE Asia, India to outstrip China decline. NUSA DUA, Indonesia, July 4- After riding China's demand train for nearly two decades, Asia's coal industry is looking to a future of smaller markets and slimmer pickings, as buying declines in the world's second-biggest economy and climate change concerns blunt demand. By far the biggest user of...

  • Factory workers at TNG Dai Tu Factory in Thai Nguyen Province, Vietnam work on brand name garments like Nike, Adidas and Converse.

    In recent years, some Chinese manufacturers had already started to relocate some of their capacity to countries such as Vietnam and Cambodia. The trade war is now pushing more to follow suit, especially makers of low-tech and low-value goods.

  • *Guangdong bulletproof vest maker moved production to Myanmar. GUANGZHOU, China/ YANGON, June 27- Pressured by a labour crunch and rising wages in China, Shu Ke' an, whose company supplies bulletproof vests, rifle bags and other tactical gear to the United States, first considered shifting some production to Southeast Asia a few years ago, but nothing came of it.

  • *To invest in Myanmar oil, LPG terminal. KUALA LUMPUR, June 24- Thailand's largest energy firm PTT Pcl has stepped up investments in the retail and industrial power sectors as a buffer against the impact of a global economic slowdown on its oil refining and chemical businesses, its CEO said on Monday. Asia's oil and petrochemical producers are facing thin profit...

  • BANGKOK, June 23- Southeast Asian leaders agreed on Sunday to work together on regional economy and security to strengthen their position amid growing U.S.- China tensions, as they wrapped up their summit in Bangkok. Prayuth urged ASEAN nations to complete negotiations this year for the China-initiated Regional Comprehensive Economic Partnership pact...

  • HANOI, June 10- Vingroup JSC, Vietnam's biggest listed firm by market value, said on Monday it has started work on a second smartphone factory with a capacity to produce 125 million units a year. Construction is expected to be completed by early 2020 and the jump in capacity will help the company meet orders from Europe and the United States, Vingroup CEO Nguyen Viet...

  • *SMFG completed merger with Indonesia's BTPN in February. TOKYO, June 7- Sumitomo Mitsui Financial Group aims to expand its business in Asia and is looking at the Philippines, India and Myanmar for possible future investment, the CEO of Japan's second-largest bank by assets said. Among Japanese banks, SMFG has led the foray into Asian markets, spending about 150...

  • *China state media reported materials may be used in trade war. BEIJING, June 6- Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponise its supply-dominance of the prized minerals in its trade war with Washington. China supplied 80% of the rare earths imported by the...

  • HPAKANT, Myanmar/ YANGON, May 17- When Brang Aung left home in early April, his wife pleaded for him to stay for their newborn son's naming ceremony, just a few weeks later. Brang Aung had worked in Hpakant, northern Myanmar's notoriously dangerous mining district, for eight years, but still told his family- Christians from the Kachin ethnic minority- to pray for his...

  • YANGON, May 15- A U.N. official has urged Myanmar to grant aid workers "predictable, sustained access" to Rakhine state, where fighting between government troops and rebels has displaced nearly 33,000 people since late last year, saying lack of aid has cost lives. Ursula Mueller, a U.N. assistant secretary-general for humanitarian affairs, said authorities had...