Business » Asia

Tuesday, 21 October 2014

Thailand plans to raise transport LPG prices further

2014-10-21 THAILAND’S military-backed government will raise prices of liquefied petroleum gas (LPG) used for transportation by 0.63 baht (0.02 US cents) per kg from Tuesday, the second increase in a month, its energy ministry said.The move is part of the...

Strong demand for iPhone 6 ups Taiwan export orders

2014-10-21 BOOMING shipments of the iPhone 6 helped Taiwan’s export orders jump 12.7 per cent in September year-on-year to a record US$43.3 billion, its government said Monday.It marked an eighth straight month of growth in export orders for tech-rich Taiwan...

Monday, 20 October 2014

China eyes legal reforms at key meeting

2014-10-20 CHINA is set to unveil key legal reforms this week that will try to limit the influence local officials have on court cases, a move being closely watched by company executives who hope it will make the legal system more impartial.The announcement...

The US$40 billion jet buying spree

2014-10-20 ALMOST four years ago a handful of people gathered in Airbus sales chief John Leahy’s spacious country house outside Toulouse and argued long into the evening over curry and cigars.Last weekend they met up again at a Parisian hotel for more...

India fuel reform to boost economy

2014-10-20 INDIA freed diesel prices from government control yesterday while raising natural gas tariffs in the biggest-yet reform by Prime Minister Narendra Modi’s government, as it aims to boost the country’s economy and overhaul its energy sector. The...

China Q3 growth seen at 5-year low

2014-10-20 CHINA’S economic growth in the third quarter fell to its slowest since the depths of the global financial crisis more than five years ago, an AFP survey projects.The country’s gross domestic product (GDP) is predicted to have risen 7.2 per cent...

Saturday, 18 October 2014

S’pore Airlines flies to Tiger’s rescue

2014-10-18 CASH-RICH Singapore Airlines Ltd (SIA) is injecting up to US$110 million to take control of loss-making affiliate Tiger Airways Ltd , shoring up the budget carrier while scrapping its regional ambitions as competition rages.Announcing a record...

Growth of FDI commitments in Indonesia record slower pace in 2014

2014-10-18 FOREIGN direct investment commitments in Indonesia rose at a slower pace in the first nine months of 2014 compared with a year earlier, highlighting sluggish investment growth in Southeast Asia’s largest economy.Commitments in January-September...

Japan business confidence sags, outlook weak

2014-10-18 JAPANESE business confidence slipped to the lowest in 1-1/2 years in October and it is seen struggling to rebound, a Reuters poll showed, a further sign Tokyo may be forced to offer fresh policy support to recharge an economy ailing from a sales...

Thursday, 16 October 2014

Green power floods Japan grid as premium prices bite

2014-10-16 JAPAN’S utilities say they are being swamped by green power because of rules forcing them to buy up every last watt produced from renewable sources, as new generating companies seek to cash in on premium prices.Power firms say the grid does not...

Indonesia faces US$6.15b tax revenue shortfall

2014-10-16 INDONESIA faces a US$6.15 billion tax revenue shortfall this year, a finance ministry document shows, raising concerns that the fiscal deficit could bust a legal limit, and place president-elect Joko Widodo into an early budget and political crisis...

Dropbox hacking: Wake-up call for netizens

2014-10-16 SOME Internet users in Singapore had a wake-up call after news broke yesterday that seven million Dropbox accounts had supposedly been compromised.Marketing manager Ian Tan said he immediately activated the two-factor authentication (2FA) setting...

Thailand plans one of world’s tallest skyscrapers

2014-10-16 HIGHER than a bird, almost as high as some planes. It’s Super Tower. And it’s coming to Bangkok.A Thai property developer has announced plans to build a skyscraper in the Thai capital that will be among the 10 tallest buildings in the world when it...

IndiGo: Lone profit-maker among India’s big airlines

2014-10-16 INDIGO, India’s biggest carrier, which announced Wednesday a draft deal to buy 250 Airbus aircraft, has consistently wracked up profits as rivals become mired in red ink from cut-throat fare wars.No-frills IndiGo has posted half-a-dozen years of...

Toyota to recall 1.67 million vehicles globally

2014-10-16 TOYOTA said Wednesday it would recall 1.67 million vehicles globally over brake problems and other glitches that pose a fire risk, the latest in a string of problems for the world’s biggest automaker.The Japanese giant pointed to three problems in...

Wednesday, 15 October 2014

Najib pledges to consider MASwings’ new business plan

2014-10-15 PRIME Minister Datuk Seri Najib Tun Razak has given his guarantee that the government would consider in detail the new business plan of Malaysia Airlines (MAS) subsidiary MASwings Sdn Bhd. The plan wil be announced at an opportune time when the...

Hong Kong stocks close down 0.41 per cent

2014-10-15 HONG KONG shares ended 0.41 per cent lower yesterday as earlier gains were wiped out by lingering concerns about the global economy following more losses on Wall Street.The Hang Seng Index declined 95.41 points to 23,047.97 on turnover of HK$62.52...

Thailand to regain world’s top rice exporter title

2014-10-15 THAILAND is set to regain its position as the top rice exporter in the world in 2015. Exports next year are estimated at 10.6 million metric tonnes compared with eight million metric tonnes for India, the current top exporter, and Vietnam at 6.9...

Costco to enter China through Alibaba’s Tmall

2014-10-15 US WAREHOUSE club operator Costco Wholesale Corp said it would open an online store in China using Alibaba Group Holding Ltd’s fast-growing Tmall online marketplace, entering the country’s booming ecommerce market to combat slowing sales at home....

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