Business » Asia

Monday, 18 May 2015

Takata, Japan automakers stuck in uneasy reliance

2015-05-18   AIR BAG manufacturer Takata Corp and Japanese carmakers including Honda Motor Co are locked in the commercial equivalent of a bad marriage; not entirely happy in each other’s company but unable to break apart and wary of potentially costly court...

India to open US$1b credit line to finance infrastructure in Mongolia

2015-05-18 INDIA will open a US$1 billion credit line to bolster Mongolia’s “economic capacity and infrastructure”, the Mongolian and Indian prime ministers announced on Sunday.Mongolia is seeking investment in infrastructure for the transport of its minerals...

Ajinomoto banks on localisation in ASEAN

2015-05-18 AJINOMOTO, a Japan-based manufacturer of seasoning, processed food and beverage products, has adopted a basic concept of “localisation” for its affiliated operations throughout ASEAN to promote local strengths and enhance the company's...

Saturday, 16 May 2015

Malaysian GDP up 5.6 per cent in Q1

2015-05-16 MALAYSIA’S economy posted 5.6 per cent growth in the first quarter, beating forecasts and just a tad slower than the previous quarter, as it showed resilience in the face of weak global prices for energy and commodity exports. After releasing the...

Chinese tourists tap into B&B online site

2015-05-16 FISH Cafe - the first tourism-themed cafe in Beijing - is mobilising travellers to help them find the most interesting “Bed and Breakfast” (B&B) facilities around the world. The cafe, owned by Beijing-based travel agency Fishtrip, connects...

Friday, 15 May 2015

Honda recalls 4.89 million vehicles over faulty airbags

2015-05-15 HONDA on Thursday added 4.89 million vehicles to a ballooning global recall over an airbag defect that has been blamed for killing several drivers.Japan's number three automaker made the announcement just a day after Toyota and Nissan said they...

Thursday, 14 May 2015

Palm slips, comes off 5-week top on worries over export demand

2015-05-14 MALAYSIAN palm oil futures briefly touched a five-week top on Wednesday on worries an El Nino weather pattern would curb yields, but expectations of weaker export demand in the second half of the month kept a lid on gains. In 2009, the El Nino...

Thai rice prices at 11-month low

2015-05-14 THAI rice prices were mired at their weakest level in 11 months this week as demand remained low, but rates for the grain from Vietnam rose slightly on hopes key buyer Philippines would soon issue an import tender, traders said on Wednesday....

Pertamina says to halt operations at oil trading arm Petral

2015-05-14 INDONESIAN state-owned energy firm Pertamina will disband its oil trading arm, Petral, its chief executive said yesterday, after the unit was targeted by the president’s anti-corruption campaign.Even before taking office in October, President Joko...

AirAsia X completes IATA safety audit

2015-05-14 AIRASIA X has completed the International Air Transport Association (IATA) Operational Safety Audit (IOSA), the benchmark for global safety management in airlines.AirAsia Group Chief Executive Officer (CEO) Tony Fernandes said the airline was the...

In Brief

2015-05-14 China group wins Russian high-speed rail contractSHANGHAI: Construction firm China Railway Group Ltd said it won a 2.4 billion yuan (US$390 million) contract to build a high-speed railway line in Russia connecting Moscow with the city of Kazan. The...

Indonesia boosts fuel security

2015-05-14 THE Indonesian government has cooperated with private sector to expand the country’s fuel storage facility in eastern parts of the vast archipelago country, a move aiming at strengthening fuel security.Indonesia’s state-owned oil and gas firm PT...

Toyota, Nissan to recall 6.5m cars globally over Takata parts

2015-05-14 TOYOTA Motor Corp and smaller rival Nissan said on Wednesday they were recalling some 6.5 million vehicles globally to replace potentially faulty air-bag inflators, the latest in a series of recalls involving parts made by Takata Corp.Both...

Nissan’s profit seen to rise 15 per cent

2015-05-14 NISSAN Motor Co, Japan’s second-biggest automaker, said it expects operating profit to climb 15 per cent this financial year, forecasting vehicle sales growth in most regions and promising large cost cuts.That follows robust earnings in the year...

M&A to rise in China

2015-05-14 FOLLOWING a blockbuster 2014 for mainland mergers and acquisitions (M&As), domestic and foreign players’ M&A activities are set to pick up again this year with inbound M&A interest tending to outstrip outbound, according to...

Wednesday, 13 May 2015

Mazda makes Thailand its hub for parts exports

2015-05-13 MAZDA has designated Thailand as its spare-parts distribution hub for Asean and global exports, and has officially opened a new parts distribution centre in Samut Prakan to improve the quality of its after-sales service.Set up by Mazda Logistics...

Tuesday, 12 May 2015

Malaysia manufacturing sales up 4.4 % in March

2015-05-12 THE sales value for Malaysia’s manufacturing sector in March rose by 4.4 per cent to 58.4 billion billion ringgit ($21.64 billion) compared with March 2014.On a month-on-month basis, the sales value was up by 12.1 per cent.Year-on-year, the...

China’s smartphone market contracts in Q1

2015-05-12 CHINA’S smartphone market contracted in the first quarter for the first time in six years with Apple becoming the top vendor, researchers said on Monday.International Data Corporation (IDC) said figures from its mobile phone tracker show that 98.8...

Singapore Savings Bonds to be available via ATMs, Internet banking

2015-05-12 INDIVIDUALS will be able to apply for and redeem Singapore Savings Bonds through DBS/POSB, OCBC or UOB ATMs, or via DBS/POSB Internet banking channels, the Monetary Authority of Singapore (MAS) said on Monday.Applications and redemption requests...

Malaysia Airlines agrees new catering contracts with Brahim’s to cut costs

2015-05-12 MALAYSIA Airlines on Monday sealed two cheaper and shorter catering agreements with Brahim’s Holdings Bhd, as the national carrier looks to cut costs in its restructuring drive.The separate contracts covering wide-body and narrow-body planes are...

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