Economy of Asia

Thailand hopes to shrug off turmoil

Property investors unfazed by recent political unrest and global financial upheaval

Sunday, 21 September, 2008, 12:00am

Yam: Slowdown may be worse than expected

HKMA chief paints grim outlook

Economic growth could slow 'worse than expected' as the impact of the United States subprime crisis ripples around the globe, Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong has warned.

8 Aug 2008 - 12:00am

Investors seize on Hu remarks to turn markets

Mainland and Hong Kong stocks finished the week on an upbeat note yesterday as investors, cheered by comments from President Hu Jintao, set off a roller-coaster buying spree that sent both markets soaring after a morning rout.

The Shanghai Composite Index ended up 26.1 points or 0.94 per cent to 2,801.817 after tumbling as much as 1.94 per cent.

2 Aug 2008 - 12:00am

Winners and losers in the export slump

So far this year, Asian export growth has held up relatively strongly. Unfortunately, as the slump in the United States and Europe deepens over the coming months, Asian exporters are unlikely to do so well.

31 Jul 2008 - 12:00am

Growth tipped to slow to 4.9pc

Hong Kong's economic growth is forecast to ease to 4.9 per cent this year from an estimated 5.4 per cent, a report by the Asian Development Bank says.

The local economy grew 6.3 per cent last year.

The slower growth projection, in line with the government's forecast of between 4 and 5 per cent, mirrors the bank's cautious outlook for much of the region.

23 Jul 2008 - 12:00am

Experts not selling out of HK market

Investors see softening of prices as a short-term correction after run-up in home values

Investment professionals who spend all their work time telling people what they should do with their money have no plans to cut and run from the Hong Kong property market and believe their portfolios will continue to generate solid long-term returns.

16 Jul 2008 - 12:00am

BOC to issue special banknote for HK

Hong Kong will get its very own commemorative banknote for next month's Olympic Games because it is hosting the equestrian events, Bank of China (Hong Kong) said yesterday. It plans to announce the details this afternoon.

The new notes are not expected to be available yet and it is unclear how many will be issued.

11 Jul 2008 - 12:00am

Solutions to high cost of importing oil lie at home

Weekend efforts by energy ministers from the world's biggest oil- producing and -consuming nations to determine why prices are rising and to formulate an action plan were not wholly satisfactory. They blamed the increases on speculators and one another at a meeting on Sunday, while agreeing to greater co-operation; only one country, the host, Saudi Arabia, pledged to boost output.

24 Jun 2008 - 12:00am

Food and grains trade posts US$3.6b deficit as imports soar

Imports of food and grains surpassed exports so much that the country recorded a trade deficit of US$3.6 billion in the first quarter, the Ministry of Agriculture said yesterday.

10 May 2008 - 12:00am

Expensive crop

The benchmark price of Thai rice hit a record US$1,000 a tonne. Do you agree with some analysts who argue that the surge in food prices is due to panic buying, rather than any shortages? Write to us.

26 Apr 2008 - 12:00am

Standing tall

The fallout from the subprime crisis continues to cost banks billions, is sending stocks tumbling and putting lenders on high alert. Nevertheless, the Asian property market, underscored by a perennial shortage of choice premium housing, has so far remained unscathed.

25 Apr 2008 - 12:00am

Securing food a staple concern

The number of philanthropists who are interested in supporting food security in Asia has increased significantly in the past few months, according to Tony Ferris, UBS executive director and head of philanthropy services for Asia-Pacific.

20 Apr 2008 - 12:00am

Thais pledge stable rice supplies to Hong Kong

The Thai government has said it has no plan to control rice prices or impose an export quota, and pledged a stable supply of rice to Hong Kong.

'The Thai government wants Hong Kong people not to worry too much. We have enough rice for you,' Theeraphon Kowphatthanakit, deputy trade commissioner at the Thai consulate in Hong Kong, said yesterday.

4 Apr 2008 - 12:00am

Foreign investment in mainland surges 75pc

Strong yuan attracts funds into property and stock markets

Foreign capital pouring into the mainland surged by a larger than expected 75.19 per cent in the first two months of the year as investors were attracted to the stronger yuan, posing more headaches for policymakers battling inflationary pressures.

13 Mar 2008 - 12:00am

US uncertainty fuels job-cut fears

The fortunes of the Hong Kong banking sector this year will be closely tied to how the United States economy fares in the coming year, according to market watchers. While abundant liquidity is expected to continue to fuel demand for services in the retail banking sector, investment, commercial and wholesale banks will be hit if the US economy takes a major and prolonged fall.

7 Mar 2008 - 12:00am