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HONG KONG: (Bloomberg): Hong Kong is likely to hold on to its status as the world's most popular city with international visitors in 2019, despite months of political unrest that led to a sharp drop in tourist numbers. Meanwhile, New York City falls out of the top 10, and Delhi joins the ranks for the first time.
KUALA LUMPUR: Asia-Pacific growth will be disappointing at about 4.7% in 2020 as trade policy uncertainty encourages firms to go slow on investment, S&P Global Ratings said.
SYDNEY: Australia's central bank left interest rates at record lows on Tuesday as it waits for the three cuts already delivered to gain traction in a sluggish economy, though markets are wagering more easing will ultimately be needed.
BEIJING (Xinhua): Chinese Premier Li Keqiang has underlined efforts to push a full-coverage pilot reform that separates business operation permits from business licences in free trade zones (FTZs) with an aim to streamline the approval process for companies and expand market access.
KUALA LUMPUR: Bursa Securities Malaysia approved Scomi Group Bhd's corporate exercise to restore its financial health but rejected its application for a waiver from being classified as a Practice Note 17 company.
JAKARTA (ANN): Indonesia will experience a sizeable increase in growth of the digital and technology sectors next year, particularly in financial technology, potentially raising professionals’ salaries by up to 50% in the sectors, a new report has shown.
Phenomenal growth in e-commerce and hi-tech industries are fuelling demand for purpose-built facilities. Gaw Capital Partners is starting a fund to capture demand for such facilities in mainland China.
TOKYO (AFP): A Japanese pensioner has been arrested after ringing a phone company 24,000 times to complain they had violated his contract, police and local media reported.
KUALA LUMPUR: The rebound at the start of the week failed to gain traction as a worsening global trade situation and weak US manufacturing data sent Bursa Malaysia tumbling on Tuesday.