Tuesday, 20 September 2016

Samsung rolls out Note 7 replacements in S Korea

2016-09-20 SAMSUNG rolled out replacements for Galaxy Note 7s plagued by exploding batteries in South Korea yesterday, but only a handful of customers appeared to have taken the opportunity to swap their handsets.The world’s largest maker of mobile phones...

Indian entrepreneur sells ‘untouchable’ foods to challenge caste bias

2016-09-20 A FORMER rebel fighter and member of India’s “untouchable” caste is taking on caste-based discrimination with packaged foods that would have been regarded as impure just decades ago.Chandra Bhan Prasad, 58, was born into the Dalit Pasi community of...

Hanjin’s vessels to be returned to owners after unloading

2016-09-20 ALL Hanjin Shipping Co Ltd chartered vessels that have completed unloading their cargo have been told to cancel their charter agreements and return the ships to the shipowners, a South Korean judge said yesterday.Hanjin, the world’s seventh-...

China COSCO sees better 2017 as Hanjin collapse pushes up rates

2016-09-20 AMID the unravelling of South Korea’s Hanjin Shipping, shippers are looking for more robust alternatives, and freight rates are rising -all potentially good news for rivals such as China COSCO Shipping Corp.Sun Jiakang, executive vice president of...

Philippines may suspend at least 10 more mines

2016-09-20 THE Philippines could suspend at least 10 more mines under an environmental crackdown on the sector, the minister in charge of mining said, in a move that threatens to halt the operations of half the mines in the world’s top supplier of nickel ore....

Great Singapore Sale not so great anymore

2016-09-20 THE future of the Great Singapore Sale (GSS), which for 23 years helped cement the city’s reputation as a shopping paradise, could be in question.This comes after three consecutive years of decline in retail sales during the GSS period, despite new...

Google may face over US$400m Indonesia tax bill

2016-09-20 INDONESIA plans to pursue Alphabet Inc’s Google for five years of back taxes, and the search giant could face a bill of more than US$400 million for 2015 alone if it is found to have avoided payments, a senior tax official said.Muhammad Hanif,...

Monday, 19 September 2016

More affordable housing needed in Malaysia

2016-09-19 JOHN, 25, is a new lawyer with a Kuala Lumpur-based legal firm and earns 3,200 ringgit per month. He plans to get married next year, and has been looking for a “nice tiny apartment” to settle down. After spending many weekends looking around, John...

Queues form as iPhone 7 sales begin in Taiwan

2016-09-19 THOUSANDS of consumers lined up in front of authorised Apple resellers to purchase an iPhone 7 as sales began in Taiwan on Friday. Apple Inc’s iPhone 7 and 7 Plus went on sale Friday in 28 countries including Taiwan, marking the first time in...

China Q3 business confidence up

2016-09-19 BUSINESS confidence among entrepreneurs in China has picked up for the second quarter in a row in 2016, according to surveys by the People’s Bank of China published yesterday. The entrepreneurs’ confidence index rose to 51.2 per cent in the third...

Indian property firm sets its sights on diaspora in Asia

2016-09-19 THE Indian diaspora in Singapore and the region is being targeted for real estate investments in the motherland by the nation’s largest listed real estate developer. Mumbai-headquartered Godrej Properties (GPL), which notched up sales of about $1....

A CEO’s mission to change Malaysia’s O&G firm

2016-09-19 IT WOULD be difficult to find a group of people who are more profoundly immersed in their beliefs than the 1,000-odd staff at the operations centre of the Formula One (F1) team of Mercedes AMG Petronas (Petroliam Nasional Bhd) in Brackley, outside...

Iran supports any move to stabilise oil market

2016-09-19 IRAN’S President Hassan Rouhani said Tehran supports any move to stabilise the global oil market and lift prices, the Iranian oil ministry news agency SHANA quoted him as saying yesterday.. “Instability and falling oil prices are harmful to all...

Sunday, 18 September 2016

Indonesia sees gloomy outlook with poor export performance

2016-09-18 INDONESIA is likely to find it a challenge matching, let alone surpassing, its trade performance last year as the value of exports nosedived by double-digits during the first eight months of 2016.On Thursday, the Central Statistics Agency (BPS)...

Saturday, 17 September 2016

‘No reason to be afraid’ of Indonesia tax amnesty

2016-09-17 SINGAPORE has given assurances that Indonesians declaring assets in the city-state as part of Jakarta’s tax amnesty will not have their participation itself considered a suspicious act, Indonesia’s finance minister said. Sri Mulyani Indrawati told...

At gamers’ meet in Tokyo, absent Nintendo is talk of the town

2016-09-17 THIS week’s Tokyo Game Show is one of the world’s biggest draws for gamers and developers, but the talk amid the virtual reality headsets and robot arms is of the industry giant that never turns up: Nintendo Co Ltd. The Japanese firm, conservative...

Samsung to resume Note 7 sales in S Korea on Sept 28

2016-09-17 SAMSUNG Electronics Co Ltd said on yesterday it would resume selling new Galaxy Note 7 smartphones to South Korean customers from Sept 28, as it rushes to complete the costly recall and salvage second-half sales for the device. Analysts have cut...

Friday, 16 September 2016

S’pore banks file police report on tax amnesty use

2016-09-16 PRIVATE banks in Singapore are sharing with local police the names of clients embracing an Indonesian tax amnesty, people aware of the matter said, a move that could undermine the amnesty and damage the banks’ business with their biggest client...

Malaysia reviews proposal to let property developers lend to buyers

2016-09-16   MALAYSIA is reviewing a move to allow property developers to lend to buyers, after concerns that it may cause a subprime mortgage crisis in a country that already has one of Asia’s highest household debt burdens. Malaysia’s cabinet on Wednesday...

Indonesia and EU announce historic timber trade deal

2016-09-16   INDONESIA will in November become the first country in the world to export wood products to the European Union meeting new environmental standards in a move aimed at bolstering transparency and curbing illicit logging. Officials from the...