News 

Asia’s richest man to take on Amazon boss Jeff Bezos in India’s booming e-commerce sector

“It currently owns over 13m square feet of retail space, though a new wave of online retail in India is taking the company into new territory” writes Hasan Chowdhury for telegraph.co.uk. The trio of Reliance Industries’ businesses will combine to bring Indian merchants online.The e-commerce plans from the businessman will involve the combination of his mobile network operator Jio, which has 280m subscribers, with his additional mobile phone and physical retail ventures.Reliance Industries, the Mumbai-headquartered conglomerate owned by Mr Ambani, is drawing up plans to roll out its online shopping…

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This Singaporean company will become Asia’s largest real estate company by mid-2019

“As of now, the Singapore real estate property giant has assets spread neatly across 30 countries and it’s pretty diversified” writes Sukhbir Cheema for mashable.com. Singapore’s CapitaLand is set to become the largest property group in Asia when it finalises a S$11 billion deal in acquiring Temasek’s subsidiary.And this is huge because not only would CapitaLand be Asia’s largest real estate company, it will be among the top 10 property giants in the world!. Once the deal is done, the company will surpass its assets under management target of S$100…

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AUD Markets News 

‘Flash crash’ rips through Asia’s currency markets sending the yen into orbit and the Aussie dollar crashing to Earth

“If so, we’d expect Aussie dollar to be trading back reasonably comfortably above 0.70 before Q1 is out.”” writes Vatsal Srivastava for businessinsider.com. Against the yen, the Aussie dollar fell 2.2 percent to 74.37.Weaker-than-expected data out of China, Australia’s largest trade partner has taken the shine off the Aussie dollar in recent weeks.The euro was marginally higher at $1.1340 in Asian trade.In early Asian trade, the dollar tumbled to an intra-day low of 104.96 yen, its lowest since March 2018 before recovering some of its losses as trading progressed. Source: businessinsider.com

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Asia’s central banks have almost no reasons to hike rates in 2019

“Central banks in these countries hiked rates repeatedly this year to mitigate portfolio outflows and moderate inflation” writes Midwest Communications Inc for 95kqds.com. Bank of Korea governor Lee Ju-yeol said on Thursday a slower Fed gives global central banks more headroom to manage their monetary policy.On Thursday, Bank of Japan kept monetary policy steady and central banks in Taiwan and Indonesia were expected to do the same at their respective meetings.Already the last two-to-three months have seen investors returning to Asian debt, signaling central banks may have done enough to…

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Asia’s outlook darkens as factory activity slips, new orders fall

“While factory activity rose slightly in China, new export orders extended their decline in a further blow to a sector already hurt by Sino-U.S. trade frictions” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – Asia’s economic prospects looked gloomy as factory activity and export orders weakened across the region in November, with analysts expecting no quick rebound amid simmering global trade frictions.China’s manufacturing sector activity grew slightly in November but new export orders shrank, reflecting weakening global demand, a private survey showed.Japan’s economy shrank an annualized 1.2 percent in…

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Markets News 

Asia’s cash-rich firms more resilient in this year’s equity selloff

“In Japan, we have seen efforts over recent years, promoting corporate governance, including increasing share buybacks, dividends through government policies.”” reports businessinsider.com. An analysis of top 200 Asian firms based on their cash and short-term investments showed they outperformed the broader MSCI Asia-ex-Japan index during the market crashes in 2008, 2013 and 2015.He said South Korea, China and Japan appear to be the safer markets in terms of cash balances in Asia.”We may see some of those improvements in the return on equity (through dividends and share buybacks) that we…

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Google-Temasek study sees $240 billion Southeast Asia internet economy by 2025

“SINGAPORE (Reuters) – Southeast Asia’s internet economy is expected to exceed $240 billion by 2025, a joint study by Google and Temasek Holdings showed, a fifth more than previously estimated, as more consumers use their smartphones to go online” writes Midwest Communications Inc for 95kqds.com. The Indonesian internet economy is forecast to grow to $100 billion by 2025, accounting for $4 of every $10 spent in the region, the report said.It estimated that the gross merchandise value (GMV) of the region’s internet economy has reached $72 billion in 2018, rising…

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Markets News Oil 

Asia’s weakening economies, record supply threaten to create oil glut

“Since then, there has been a dramatic shift in sentiment that has turned the entire forward curve for crude oil upside down” writes Midwest Communications Inc for 95kqds.com. But with unexpectedly broad exemptions granted by Washington that allow Asia’s main oil consumers to continue buying crude from Iran, the overall supply drop has not materialized.That surge has so far been met by healthy demand, not only in Asia’s main emerging economies of China and India, but also in the mature markets of Japan and South Korea.SINGAPORE (Reuters) – Oil traders’…

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Southeast Asia’s e-commerce growth is accelerating, says Alibaba-backed retailer

“Southeast Asia is at the “beginning of the journey” and still witnessing “accelerating growth,” said Alexis Lanternier, CEO of Lazada Singapore told CNBC on Monday” writes Huileng Tan for cnbc.com. Lazada — a Singapore-based online shopping website with operations across Southeast Asia — hosted its own Singles Day event.”We are in the exciting space of accelerating growth.”. Chinese e-commerce giant Alibaba may have recorded its slowest ever annual growth rate for its Singles Day shopping extravaganza this year, but a large online retailer in Southeast Asia that is majority-owned by…

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