Business » Asia

Wednesday, 25 February 2015

In Brief

2015-02-25 Singapore Exchange CEO leaving in June SINGAPORE: Singapore Exchange Ltd (SGX) said its Chief Executive Officer Magnus Bocker would leave in June, as he was not seeking an extension of his appointment beyond his current contract. He has been the...

Tuesday, 24 February 2015

Indonesian bond yield curve hints at possibility of more cuts

2015-02-24 INDONESIAN fixed income markets are signalling that policy rates will be cut at least once more in the next few months - even if economists remain divided over that prospect.Bank Indonesia (BI) surprised analysts last week when it cut policy rates...

Petronas, BASF to build production plant in Kuantan

2015-02-24 BASF and Petronas Chemicals Group Berhad (PCG) will build a new world-scale production plant for 2-Ethylhexanoic Acid (2-EHAcid) at the site of its existing joint venture, BASF Petronas Chemicals, in Kuantan, Malaysia. The construction of this...

Honda boss steps down amid air bag crisis

2015-02-24 JAPANESE carmaker Honda said Monday that its president was stepping down as the firm grapples with an exploding air bag crisis linked to at least five deaths that also led to the recall of millions of vehicles.The firm said the move was squarely...

Japan’s ANA to rescue bankrupt Skymark Airlines

2015-02-24 JAPAN’S All Nippon Airways on Monday announced plans to help turn around bankrupt Skymark Airlines, reportedly joining a string of other firms offering a lifeline to the struggling carrier.Skymark, Japan’s third-largest airline, filed for...

Monday, 23 February 2015

Korean Air, Airbus sign for jet fighter bid

2015-02-23 KOREAN Air and European aerospace giant Airbus have signed an agreement to jointly bid for an US$8 billion jet fighter project, an airline spokesman said Sunday, pitting them against a team comprised of Lockheed Martin and Korea Aerospace...

Singapore sees Philippines’ potential

2015-02-23 IN TERMS of regional markets, the Philippines sometimes gets overlooked, with Malaysia and Indonesia on Singapore's doorstep, and China and India dominating the wider region. But trade and investment between Singapore and Philippines is moving...

Saturday, 21 February 2015

Japan Display in talks to build iPhone screen plant

2015-02-21 JAPAN Display Inc is considering building a plant to supply smartphone screens for Apple Inc and is negotiating with the US company for investment in the project, a person familiar with the situation said on Friday. The Japanese screen maker aims...

Cyclone threatens Australian sugarcane

2015-02-21 MORE than 10 per cent of Australian sugarcane is under threat from a cyclone which hit Friday, an industry body said. Cyclone Marcia was upgraded overnight to a category 5 system, the highest rating. Within hours it is due to cross the coast of...

Friday, 20 February 2015

Oil falls as US crude inventories to hit record

2015-02-20 OIL prices tumbled on Thursday as US inventories were expected to hit record highs, while a possible rise in Saudi output stoked new worries about oversupply.US crude for March delivery, which expires on Friday, dropped more than three per cent to...

Bangladesh to export excess sugar to the EU

2015-02-20 BANGLADESH Sugar and Food Industries Corp has issued an international tender to export 75,000 tonnes of sugar to the European Union to tap high state stocks.The tender will close on March 10, Harun Mia, chief purchasing officer of the state agency...

Surging exports push down Japan’s trade deficit

2015-02-20 SURGING exports helped cut Japan’s trade deficit by more than half in January, data showed Thursday, while falling oil prices also narrowed the gap by reducing the country’s huge post-Fukushima energy bills. The monthly deficit of 1.18 trillion...

Thursday, 19 February 2015

1MDB considers asset sales to cut debt

2015-02-19 MALAYSIAN state fund 1MDB said it would explore asset sales and the sale of development rights in prime property projects as it seeks to cut its debt – a US$11.6 billion burden that has weighed on the ringgit and the country’s sovereign credit...

Indonesian subsidy unlikely to revive biodiesel demand

2015-02-19 A PLAN to triple Indonesia’s biodiesel subsidy will provide some relief to Southeast Asia’s beleaguered renewable fuel industry, but it is unlikely to boost demand significantly given the slump in the price of rival petroleum products.That leaves...

Policy easing spreads to SE Asia

2015-02-19 THEY might be late to the party, but central banks in Southeast Asia are joining the global rush of easier policy, as deflationary pressures create room for them to prop up faltering growth without weakening defences against capital outflows....

Japan Post makes US$5.07b bid for Australia’s Toll

2015-02-19 JAPAN Post flexed its muscles with a US$5.07 billion takeover bid for Australia’s Toll Holdings yesterday in a move set to bolster its appeal ahead of what could be one of the world’s biggest IPOs later this year.The behemoth, a state-owned global...

China’s Web giants do battle over ‘hong bao’ ahead of Lunar New Year

2015-02-19 THE Chinese tradition of giving gifts of money in red envelopes at Lunar New Year has turned into big business for Web giants Alibaba and Tencent, which now both offer electronic hong bao.At the end of each lunar year, it is customary in China to...

After Japan poultry deal, Indonesia sets sights on more Asian buyers

2015-02-19 INDONESIAN poultry suppliers are weeks away from making their first exports of processed chicken to Japan in a decade, an endorsement of quality that will boost the Southeast Asian nation’s push into a regional market dominated by Thailand.That is...

Sony sees 25-fold profit jump by 2018

2015-02-19 SONY Corp aims to boost operating profit 25-fold within three years by growing its camera sensors and PlayStation units, its chief executive said, outlining a strategy that could see the company exit the cut-throat TV and smartphone sectors.CEO...

Wednesday, 18 February 2015

Services now account for 25% of S’pore total exports

2015-02-18 SERVICES now account for a quarter of Singapore's total exports and is growing faster than our exports of goods, highlighting how this sector of the economy has grown in importance, latest government figures show.In response to this trend,...

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