Business » Asia

Tuesday, 9 September 2014

State support for job cuts boosts MAS plan

2014-09-09 THE plan to save Malaysia Airlines (MAS) could succeed where past endeavours have failed because the government has finally put politics aside by agreeing to sweeping job cuts, people briefed on the restructuring told Reuters.The job cuts – if they...

Investment event focused on halal products in Spain

2014-09-09 THE World Islamic Economic Forum (WIEF) Foundation, in collaboration with the Fundacion Agropolis de Cordoba, is organising an investment event focusing on Halal agriculture, food products and tourism in Cordoba, Spain next year. WIEF Foundation...

Monday, 8 September 2014

Asians grabbing hot London property

2014-09-08 LONDON property is hotter than ever, with Asian investors - especially those from Singapore and Hong Kong - and increasingly confident British buyers snapping up units, consultants say.But though prices continue to rise, there does not appear to be...

Online shopping flourishes in Indonesia

2014-09-08 BEING an online-shopping enthusiast, Indonesia's Youth and Sports Minister Roy Suryo recently bought a fixed-gear bicycle, known as a fixie, from an online shop after seeing an advertisement on one of the country’s largest online retailers.After...

India smartphone market expands

2014-09-08 SMARTPHONE-MAKERS are in a race to the bottom of India’s economic pyramid as they battle for customers in the fast-growing low-end market segment where analysts say opportunities are vast.India is now the quickest-expanding smartphone market...

Japan’s bid for woman-driven economy facing big hurdles

2014-09-08 JAPANESE Prime Minister Shinzo Abe’s appointment of a record number of women to his cabinet highlights efforts to power the economy by boosting the female workforce – but he faces myriad challenges turning that vision into reality. On Wednesday,...

Saturday, 6 September 2014

Malaysia posts weak July exports as demand slumps

2014-09-06   MALAYSIA’S exports in July posted their weakest performance in more than a year, well below expectations, as demand from China and Japan for key goods slumped, while imports shrank on lower domestic consumption. Exports rose just 0.6 per cent...

Friday, 5 September 2014

Garuda delays plan to sell stake in low-cost unit

2014-09-05 INDONESIA’S flag carrier PT Garuda Indonesia Tbk has postponed a plan to sell a stake in its loss-making budget unit Citilink, the airline’s chief executive said on Thursday.The reason for the delay was because the price offered by potential buyers...

Apple supplier in China accused of violations

2014-09-05 AN APPLE supplier in China is violating safety and pay rules despite the computer giant’s promises to improve conditions, two activist groups said Thursday, ahead of the expected release of the iPhone 6.The report by China Labor Watch and Green...

Airshow adds US$255m to S’pore

2014-09-05 THE Singapore Airshow, Asia’s largest aerospace and defence exhibition, has contributed 319 million Singapore dollars (US$255.2 million) to the local economy, a 25 per cent increase from the previous edition, according to a study by marketing...

Islamic banking sector to achieve 40 pct market share

2014-09-05 BANK Negara Malaysia’s (BNM) target for the local Islamic banking industry to have 40 per cent market share in terms of total banking assets by 2020, is likely to be achieved. Datuk Abdul Halim Ismail, the former managing director of Bank Islam...

Najib hails Malaysia’s rise in global ranking

2014-09-05 PRIME Minister Datuk Seri Najib Tun Razak (pic) yesterday expressed his appreciation for those who took various measures to improve Malaysia’s global competitiveness ranking. “Alhamdullilah (Praise be to God), we are the 20th most competitive...

Thursday, 4 September 2014

Indonesia’s sovereign sukuk attracts US$10 billion order book

2014-09-04 THE Indonesian government raised US$1.5 billion worth of Islamic bonds on Tuesday, attracting the largest order book ever achieved for a sovereign sukuk from southeast Asia, the finance ministry said.The 10-year sukuk drew strong investor demand –...

MAS tweaks Bucket List sales drive

2014-09-04 MALAYSIA Airlines (MAS) has changed the wording of an online contest called “My Ultimate Bucket List” after Internet users derided the campaign as insensitive following two disasters suffered by the airline this year that claimed 537 lives.A bucket...

More awareness needed to grow Islamic banking

2014-09-04 MORE awareness on Islamic banking should be done in an effort to attract more countries and corporates to establish Islamic banks, thus growing the industry size, said Al-Hilal Bank Chief Executive Officer, Prasad Abraham. He said countries,...

World Bank eyes up to US$500m via Islamic bonds

2014-09-04 THE World Bank plans to raise as much as US$500 million worth of Islamic bonds, or sukuk, this year to help fund an immunisation programme, one of several initiatives from the multilateral body in the Islamic finance sector.The World Bank, acting...

China August data to show mild slowdown

2014-09-04 A DATA deluge over the coming week is likely to show continued weakness in China’s economy in August due to a slowdown in the property sector, which would increase pressure on the government to unveil more pro-growth policy steps.Analysts expect...

Samsung rapidly losing share in India, China

2014-09-04 GOOGLE Inc’s partnership with three Indian phone makers is set to rev up fast-growing demand for lower priced smartphones, and spell more trouble for Samsung Electronics which is rapidly losing share in emerging markets.Micromax Infomatics Ltd,...

Wednesday, 3 September 2014

SCB to sell 25 pct stake in insurance unit

2014-09-03 SIAM Commercial Bank , Thailand’s third-largest lender, is in talks to sell a 25 per cent stake in its life insurance business SCB Life Assurance PCL. Siam Commercial Bank is mostly in discussions with Japanese insurers, although no deal is...

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