Business » Asia

Tuesday, 23 September 2014

Alibaba IPO now world’s biggest

2014-09-23 ALIBABA’S initial public offering now ranks as the world’s biggest at US$25 billion, netting underwriters of the sale a more than US$300 million windfall after the e-commerce giant and some shareholders parted with additional shares.The fees are...

Affluence eludes poor crowding into Asian cities

2014-09-23 DOWN a concrete path, between rail tracks that buzz with each approaching train and a river choked by plastic and raw sewage, Asih Arif cradles her baby and reflects on dreams gone dark.Five years ago, Arif and her husband left impoverished Madura...

Monday, 22 September 2014

G20 says almost on track to add 2% to global growth

2014-09-22 THE Group of 20 leading nations say they are tantalisingly close to adding an extra US$2 trillion to the global economy and creating millions of new jobs, but Europe’s extended stagnation remains a major stumbling block.The finance ministers and...

S Korea Sept 1-20 exports, imports up 10%

2014-09-22 SOUTH Korean exports and imports from Sept. 1-20 rose by nearly 10 per cent each from the comparable period last year, official data showed yesterday, an encouraging sign for the Korean and global economies.South Korean exports for the period rose...

G20 to help banks apply similar capital rules

2014-09-22 THE G20 nations said yesterday they were working on a plan to “increase consistency” in how banks apply capital rules meant to protect the global economy after the financial crisis.The group of 20 of the world’s biggest economies said the proposal...

Taiwan technology sector to see booming momentum

2014-09-22 THE Market Intelligence and Consulting Institute (MIC), an arm of the Institute for Information Industry, yesterday stated that components of Taiwan's technology sector including PC, network communication, semiconductor, and software are expected...

Pakistan experts ponder flood strategy

2014-09-22 ENERGY-starved Pakistan relies on a multitude of dams and barrages to prevent Himalayan rivers from flooding and help meet its power needs, but their failure to prevent disaster four years running is making some experts question their utility.Every...

India’s jet-set tycoons crash to earth

2014-09-22 THEY were famed for their jet-set lifestyles and the names of their companies were emblazoned on airplanes, Formula One cars and the shirtfronts of cricket teams.But now the debt-laden empires of three of India’s best-known tycoons – Vijay Mallya,...

Microsoft delays launch of Xbox One in China

2014-09-22 MICROSOFT Corp has delayed the launch of its Xbox One game console in China, which had been set for release tomorrow, but the world’s biggest software company said it would be released by the end of the year.Microsoft did not give a reason for the...

Who will be the next Nissan CEO?

2014-09-22 A STRING of defections by top Nissan executives is reigniting longstanding questions about who will succeed chief executive Carlos Ghosn, the man widely credited with reinventing Japan’s number-two automaker. Speculation about Nissan’s future hit...

Saturday, 20 September 2014

Maybank’s Philippines unit in talks with M&A targets

2014-09-20   THE Philippine unit of Malaysia’s largest bank, Malayan Banking Bhd, is holding preliminary talks with merger and acquisition (M&A) targets to expand its domestic business, particularly consumer lending, its top official said. The move is...

Friday, 19 September 2014

S’pore mission to explore business opportunities in Terengganu

2014-09-19 SOME 25 entrepreneurs from Singapore are expected to visit Terengganu on Oct 16 to explore business opportunities in the state including in tourism and food processing. “There are many attractive opportunities, and we hope the relevant bodies in...

Indonesia ‘optimistic’ on 7% growth by 2017

2014-09-19 INDONESIA’S finance minister said Thursday he was “optimistic” the country could achieve 7.0 per cent growth by 2017 but warned that incoming president Joko Widodo faces a major challenge in pushing much-needed infrastructure development.Southeast...

India, China vow to boost economic cooperation

2014-09-19 INDIAN and Chinese troops faced off along their Himalayan border on Thursday as the countries’ leaders held a rare meeting in New Delhi, promising to boost economic cooperation and substantially increase Chinese investment in India’s infrastructure...

Thursday, 18 September 2014

Alibaba’s US IPO spurs voices for reforming China’s securities rules

2014-09-18 CHINESE investors are disappointed in the country’s lukewarm stock market losing another potentially high-quality stock as e-commerce giant Alibaba prepares for a spectacular initial public offering in the US on Friday.Investors blame cumbersome...

Asia’s billionaires see fastest wealth growth: report

2014-09-18 ASIA’S billionaires led by Chinese tycoons enjoyed the fastest increase in their wealth this year compared to their peers in the rest of the world, a report said Wednesday.The combined wealth of Asia’s billionaires grew 18.7 per cent from last year...

Xi calls for building Asian century of prosperity

2014-09-18 CHINESE President Xi Jinping on Wednesday urged China and India to join hands to build an Asian century of prosperity and renewal.“I am confident that as long as China and India work together, the Asian century of prosperity and renewal will surely...

Sony forecasts US$2b loss as smartphones lag

2014-09-18 SONY expects its annual loss to swell to US$2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business. Citing intense competition, especially from Chinese...

De Beers warns diamonds are not forever

2014-09-18 THE De Beers diamond cartel has warned that global production will decline from 2020, a trend that could spell pricier bling for consumers.A dearth of major new diamond finds means that production might not keep up with ever-increasing demand from...

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