The #Pacific Daily

Business

Aid money wasted on 'middlemen', Papua New Guinea PM says

abc.net.au - Australian aid money to Papua New Guinea is being wasted on "middlemen", such as lawyers and consultants, PNG prime minister Peter O'Neill says. In a press release, Mr O'Neill said PNG wanted to en...

Pacific Rim trade deal flounders

albawaba.com - Negotiators on the so-called “Trans-Pacific Partnership” (TPP) fell short of concluding a final deal after several days of talks in Hawaii ended on Friday. The failure to reach agreement is being s...

India to host meeting of 14 Pacific island nations - Indian24News

indian24news.com - After trying to keep pace with China in relations with Africa and Central Asia, India is now trying to match it neighbour’s growing footprint in the South Pacific. On August 21, India will host the...

No agnostics in the climate foxhole

Shared by Solar Energy

eco-business.com - On a recent 14.5-hour flight from Los Angeles to Sydney, I had time to read the columnist Charles Krauthammer’s collection of essays, Things that Matter. It made for a disturbing flight. I have enj...

Singapore firm goes on trial over arms shipment to North Korea

channelnewsasia.com - SINGAPORE: The trial of a Singapore-registered shipping company implicated in a shipment of arms bound for North Korea began on Monday (Aug 3) in the State Courts. Chinpo Shipping Company allegedly...

Pacific islands welcome Belt and Road opportunities - Chinadaily.com.cn

m.chinadaily.com.cn - A senior official from the Pacific Islands Forum (PIF), an inter-governmental organization that aims to enhance cooperation between nations of the Pacific Ocean, sees the Belt and Road Initiative a...

HSBC sells its Brazilian arm to Banco Bradesco as profits rise 10pc - Telegraph

telegraph.co.uk - It is also facing private and public legal action over claims of manipulation of interest rate benchmarks including Libor, but is as yet unable to estimate the likely cost of the cases. Other expec...

Green buildings in Asia: Bigger and better

Shared by Solar Energy

eco-business.com - Build Eco Xpo (BEX) Asia, the premier trade show for the green building and construction industry in the region, has brought together thousands of buyers and sellers since it started in 2008. Now, ...

China proposed division of Pacific, Indian Ocean regions, we declined: US Admiral - Indian Express

archive.indianexpress.com - In a startling disclosure, a top US Admiral has revealed that China offered to divide the Pacific and Indian Ocean regions between China and the US after Beijing launched its own fleet of aircraft ...

24 new trains will up Circle Line capacity by 60% within a year

channelnewsasia.com - SINGAPORE: The passenger capacity on the Circle Line will increase by 60 per cent within the space of about a year, with 24 new trains to be added from the current 40 trains. The new trains – ident...

'Unprecedented' low levels of water at key Johor reservoir of concern: Vivian Balakrishnan

channelnewsasia.com - SINGAPORE: A critical component for Singapore to import water from Malaysia, the Linggiu Reservoir, is facing an all-time low in water levels and this is a source of concern, according to Environme...

Ringgit falls to 16-year low vs US dollar as China data dims exports outlook

todayonline.com - KUALA LUMPUR — The ringgit fell for a third day amid contractions in Malaysian and Chinese factory output, dimming the outlook for the South-east Asian economy that is under pressure from a slump i...

IMF Survey: Sheer Distance a Factor as Pacific Islands Seek to Boost Growth

imf.org - When hundreds of islands are scattered across vast stretches of ocean, sheer distance becomes a factor that affects economic growth. The nations comprising the Pacific islands must address the impa...

SMRT Taxis rolls out $2.5m in new benefits for its cab drivers

straitstimes.com - SINGAPORE - A total of 5,800 drivers with SMRT Taxis will receive a slew of new incentives worth around $2.5 million, the company said on Monday. - Medisave top-up of $50 for hirers and $25 for rel...

Singapore High Court dismisses interim injunction against F&N in Myanmar brewery dispute

straitstimes.com - SINGAPORE - Mainboard-listed Fraser & Neave announced on Monday that the Singapore High Court had on July 31 dismissed with costs an interim injunction requiring F&N to sell its 55 per cent stake i...

Taiwan's July PMI shrinks for 4th month as export orders slide

businesstimes.com.sg - [TAIPEI] July data signalled a further deterioration in overall operating conditions for Taiwanese manufacturers, highlighting worrying economic fragility after growth in the second quarter slumped...

Tsipras battling on all sides finds no solace in Greek economy

businesstimes.com.sg - [ATHENS] Alexis Tsipras has faced off against the International Monetary Fund, fellow euro-area leaders and even his own lawmakers in his battle to protect Greece. The economy is proving just as bi...

5 things to know before the Singapore market trades this week: Aug 3-9

straitstimes.com - The US Labor Department releases its monthly jobs report on Friday - considered to be a key piece of economic data as the Federal Reserve considers whether to raise near-zero interest rates in Sept...

Noble says has sufficient cash to fund bond redemption, US$15 billion in bank lines

businesstimes.com.sg - NOBLE Group said on Monday that it has sufficient cash and liquidity to fund its bond redemption and operations, and that its net fair value gains have fallen again in the second quarter. The troub...

Meet China's stock rescue chief: he never saw the crisis coming

businesstimes.com.sg - [SHANGHAI] After China's stocks crashed in June, the government put more than US$400 billion at the disposal of a little-known state agency, the China Securities Finance Corp, headed by an academic...

Improving choices for the risk-averse

straitstimes.com - Singapore Savings Bonds occupy a valuable middle position between financial options that can offer higher returns with higher attendant risk - like shares, currencies and commodities - and the simp...

Bourse likely to regain calm after last week's losses

straitstimes.com - The Singapore equity market should regain a measure of calm after a harrowing drop last week, analysts say. The Straits Times Index (STI) sank 47.02 points, or 1.45 per cent, to close at 3,202.5 la...

What students today see lying ahead

straitstimes.com - The world of work is becoming more uncertain and volatile for young people. The Straits Times speaks to tertiary students about their hopes, dreams and worries for the future. Studying in a liberal...

Luxury brands cut China sales forecasts

straitstimes.com - China's economic slowdown is casting a long shadow over the glittering world of global luxury brands. Volatile stock markets in the world's second-largest economy and the poorer economic outlook ar...

Zambian villagers to take on mining firm Vedanta in UK court

todayonline.com - LONDON - British mining company Vedanta Resources faces legal action in London's High Court after a group of Zambian villagers said their water source and farmland was polluted by the firm's copper...

This site uses cookies for an optimal experience. We also allow third party cookies by trusted partners. By continuing to browse the site you are agreeing to our use of cookies. To learn more and disable some specific cookies, check our Privacy policy →