Indian Prime Minister Narendra Modi has put the state owned airline Air India up for sale. The Minister of Finance Arun Jaitley has said the government had given an “in-principle” approval for the company, reports the BBC. Yet the airline, which is saddled with $US8 billion of debt and employs 27,000 staff, is unlikely to... View Article

Billions of dollars from investors outside China have been flooding the onshore domestic securities markets since the Bond Connect platform opened last week, reports Bloomberg. In a surge of overseas orders, the Agricultural Development Bank of China saw its 13 billion RMB bond issue 10 times oversubscribed, while China Development Bank Corp sold half of... View Article

Indonesian President Joko Widodo has signed an order to give powers to the justice ministry to ban the activities of groups deemed as threat to national security, without having to first secure a court order. The order is an amendment to an existing law regulating mass organisations. The move comes after Jakarta’s Christian governor Basuki... View Article

Japan’s Prime Minister Shinzo Abe and European Union (EU) chiefs Jean-Claude Juncker and Donald Tusk have signed a milestone free trade agreement (FTA) at the G20 Summit in Hamburg today. The agreement, which comes after months of negotiations between European and Japanese trade officials, was announced by EU Trade Commissioner Cecilia Malmstrom after a meeting with... View Article

Hong Kong’s newly inaugurated Chief Executive, Carrie Lam, opened the China ‘Bond Connect’ platform at the Hong Kong Stock Exchange today. The bond platform links the Shanghai and Hong Kong exchanges, enabling international investors to access the nine trillion domestic bond markets in China and take interest payments on coupons out of the country. The... View Article

Li Daokui, economist at Tsinghua University and former member of the People’s Bank of China’s monetary policy committee, said that China’s growth remains solid and is expected to reach 6.7 per cent this year and 6.9 per cent next year. However, the policies of US President Donald Trump, could bring geopolitical uncertainty and affect China’s... View Article

The EU and Japan are close to finalising their free trade agreement, which both sides are pushing to close before the G20 meeting next Friday in Hamburg, Germany. EU Trade Commissioner, Cecilia Malmström, and the Agriculture Commissioner, Phil Hogan, have flown to Tokyo for final discussions. The deal would open up new markets for European... View Article

Vietnam’s gross domestic product grew by an estimated 5.73 per cent in the first half of this year. Its economy has expanded at a faster rate than expected, even if the official growth target of 6.7 per cent, set by the National Assembly, is not met. The United States is the largest market for Vietnamese... View Article

The Asian Infrastructure Investment Bank (AIIB) began approving projects in 2016 and since then has approved a total of 16 projects across Asia, equating to a sum of $US2499 million in loans. Most projects have a focus on energy and transport. Azerbaijan currently stands at the highest receiver of AIIB loans, followed by Indonesia and... View Article

Japan’s Chief Cabinet Secretary Yoshihide Suga said at a press conference in Tokyo on Monday that he welcomes Taiwan’s move to join the Trans-Pacific Partnership (TPP), after Taiwan Premier Lin Chuan told Japanese press that the country wished to join the TPP. Commentators at the Peterson Institute for International Economics, however, point to the need for... View Article