Business » Asia

Thursday, 9 October 2014

Petrovietnam to raise 2014 crude oil output to 17m tonnes

2014-10-09 STATE oil and gas group Petrovietnam aims to pump 17.62 million tonnes (354,000 barrels per day) of crude oil this year, up about 5 per cent from 2013, which could beat both its own and the government’s production targets, the group said on...

S’pore drops out of top 20 cities for property investment

2014-10-09 SINGAPORE has fallen out of a ranking of the top 20 cities for property investment, according to a report.Singapore, along with Toronto, Moscow and Seoul, were knocked out by Beijing, Shanghai, Miami and Stockholm.However, the report released...

China, Malaysia vow to promote bilateral relationship

2014-10-09 MALAYSIAN Prime Minister Najib Razak has voiced his country’s readiness to support Chinese President Xi Jinping’s initiatives to build the 21 century Maritime Silk Road and establish an Asian infrastructure investment bank.Malaysia will actively...

Samsung boss ‘recovering steadily’ from heart attack

2014-10-09 SAMSUNG Chairman Lee Kun-Hee (pic) is recovering steadily after suffering in May from a heart attack that left him hospitalised for months, a group spokesman said Wednesday. Lee, 72, is credited with turning the once-obscure South Korean company...

World Bank’s finance arm to boost investments in Indonesia to US$1b

2014-10-09 THE World Bank’s finance arm said on Wednesday it is boosting its investments in Indonesian companies by around a quarter to more than US$1 billion for its fiscal year ended June 2015, mainly in the infrastructure and manufacturing sectors.The...

Wednesday, 8 October 2014

Malaysia Airlines hires foreigner as CEO

2014-10-08 FOR the first time in its history, Malaysia Airlines (MAS) will have a foreigner as its chief executive officer, who will be given the mandate to chart the restructuring of the company as well as see through its results over the next five years....

Philippines pushes rice self-sufficiency target to 2016

2014-10-08 THE Philippines has pushed back its 2013 target to attain self-sufficiency in rice production by another two years, an official said yesterday, adding that the country will likely have to import hundreds of thousands of tonnes next year. “We’re...

HP break-up leaves S’pore employees unsure

2014-10-08 EMPLOYEES at Hewlett-Packard's (HP) Singapore office expressed surprise yesterday at news that the US giant will be splitting into two listed companies. They were also concerned if the break-up would spell job cuts from the company's operations...

Tuesday, 7 October 2014

Protests could hurt HK economy, says World Bank

2014-10-07 PROTESTS in Hong Kong could hurt the city’s economy – as well as China’s – but the impact will depend on how long the “uncertainty” lasts, the World Bank’s chief Asia economist said on Monday. Sudhir Shetty said the Bank was closely monitoring the...

East Asia growth forecast trimmed

2014-10-07 THE World Bank cut its 2014-2016 growth forecasts for developing East Asia, noting that China was likely to slow due to policies aimed at putting the economy on a more sustainable footing, and it also cautioned of capital-flight risks to Indonesia....

Big motorbike makers rev up in Southeast Asia

2014-10-07 ROADS in Southeast Asia have been getting a little louder lately as motorcycle makers, an aspiring middle class and easy bank credit come together to breed a new genus of motorcyclists – the big-bike rider.Traffic in urban centres such as Jakarta,...

Monday, 6 October 2014

Thailand eyes top rice exporter spot

2014-10-06 TWO years after losing its place as the world’s biggest rice exporter, Thailand is eyeing a return to the top spot as the impact of a bungled subsidy scheme eases and it sells cheaper grain to a grateful global market. The subsidy, which offered...

Tycoon bullish on 'disruptive' tech startups

2014-10-06 TYCOON Li Ka Shing has made his billions, but invests in innovative tech start-ups because of their “prescient value” - the ability to show what new things will emerge tomorrow.“We are now in a data-driven, talent-centric economy where the word ‘...

China’s central bank vows to maintain steady credit growth

2014-10-06 CHINA’S central bank said yesterday it will use various monetary tools to maintain adequate liquidity and reasonable growth in credit and social financing.In a statement to summarise the third-quarter monetary policy committee meeting, the People’s...

Myanmar teak exports hit 5.7 million tonnes

2014-10-06 THE Thein Sein government has permitted the export of 5.7 million tonnes of teak and hardwood over the past four years.The timber was exported with permission from the Myanmar Timber Enterprise (MTE).In 2011-12 fiscal year, teak and hardwood...

Stock, rupiah continue to flag amid political tension

2014-10-06 LESS than three weeks before the inauguration of president-elect Joko “Jokowi” Widodo, share prices and the rupiah both extended their losses last week.The sell-off occurred amid growing friction between parties supporting Jokowi and a coalition of...

Saturday, 4 October 2014

China services growth dips to 8-month low

2014-10-04 CHINA’S services sector grew at its slowest pace in eight months in September after new orders shrank for the first time since the 2008 global financial crisis, a survey showed yesterday, exposing more weakness in the world’s second-largest economy...

Protests hit HK luxury retail sector

2014-10-04 PRO-DEMOCRACY protests in Hong Kong have disrupted business and hit share prices of luxury goods companies, ruining what is normally one of the busiest shopping weeks of the year.The protests in Hong Kong, the biggest challenge to Beijing’s leaders...

GM to invest US$14 billion in China

2014-10-04 GENERAL Motors will invest US$14 billion in China over the next five years and open five new manufacturing plants to increase annual sales in the world's largest car market to nearly five million vehicles.   The company's plans for China also...

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