Business » Asia

Tuesday, 26 April 2011

IN BRIEF

2011-04-26 Shanghai port traffic returns as strike wanesSHANGHAI: Trucks laden with cargo containers yesterday appeared to operate as usual on roads leading to ports in China's coastal commercial hub, Shanghai, where officials sought to defuse lingering anger...

RM jumps, profit-taking weighs on S'pore $

2011-04-26 THE Malaysian ringgit jumped to its highest level since the Asian financial crisis and the Indonesian rupiah hit a seven-year peak yesterday, while the Singapore dollar retreated from a record high as investors covered US dollar-short positions.!...

Japan auto output plunges

2011-04-26 TOYOTA Motor Co may slip to No 3 in the automaker production rankings behind General Motors and Volkswagen due to Japan's earthquake and nuclear crisis, which slashed local output by almost two-thirds in March alone.A shortage of parts in the wake...

Indonesia gov't scored over glut of China goods

2011-04-26 THE Indonesian government has come under fire over a glut of Chinese products into the domestic market following the implementation of Asean-China Free Trade Agreement (ACFTA) since early last year, Antara news agency reported.As the influx of...

Monday, 25 April 2011

India's double-digit growth dream fades

2011-04-25 INDIA'S dreams of attaining double-digit economic growth within the next few years are fading, undermined by high inflation, slow progress on reforms and an uncertain global outlook.The ruling Congress party has long wanted to make history as the...

Ministers say trade will help in Japan's quake recovery

2011-04-25 TRADE ministers from Japan, China and South Korea yesterday said ensuring free trade would help reconstruction after the March 11 tsunami as Tokyo stressed its exports were safe despite a nuclear crisis.Japan's Trade Minister Banri Kaieda and his...

Global car firms show China brands

2011-04-25 SOME of the new Chinese cars unveiled at this week's Shanghai Auto Show are affordable for millions of buyers a happy development for Beijing that might prove costly for the global automakers producing them.General Motors Co unveiled the 630 sedan...

Ex-Sony chief, father of the CD, dies

2011-04-25 FORMER Sony president Norio Ohga, who helped transform the music industry with the development of the compact disc format, has died at the age of 81, the company said.The music school graduate served as president from 1982 to 1995 and led the...

IN BRIEF

2011-04-25 Chinese inflation to ease in first half: gov't BEIJING: China's inflation will fall slightly in the second half of 2011, but it will be tough to keep the full-year rise in consumer prices below the government's four per cent ceiling, an official...

Vietnam's young market lures investors

2011-04-25 DESPITE Vietnam's persistent economic woes, a record deal this month has shown foreign investors are still lured to the frontier market by its young, growing population and rising disposable incomes.The sealing of the communist country's largest-...

Saturday, 23 April 2011

IN BRIEF

2011-04-23 Nestle invests RM115m in new M'sia plant KUALA LUMPUR: Nestle (Malaysia) Bhd is investing RM115 million in its new plant to be built near its existing factory in Chembong, Negeri Sembilan, to extend its production line in Malaysia. Managing...

Toyota says production to return to normal by Dec

2011-04-23 TOYOTA Motor Corp said it could take until the end of the year before production has fully recovered to levels before the massive earthquake and tsunami on March 11 devastated Japan's northeast, disrupting the supply of key parts.!In the clearest...

China demand for fuels to plateau in rest of 2011

2011-04-23 CHINA'S demand for its three main refined fuels diesel, gasoline and kerosene will plateau at first quarter levels for the rest of 2011, China's National Energy Administration (NEA) said yesterday.!It predicted year-on-year growth in demand for...

Samsung counters Apple suit over iPhone, iPad

2011-04-23 SAMSUNG Electronics Co filed patent lawsuits against Apple over the US firm's iPhone and iPad in a tit-for-tat case after Apple claimed Samsung's smartphones and tablets "slavishly" copied its products.!Samsung's counter lawsuit, its...

Friday, 22 April 2011

IN BRIEF

2011-04-22 Petronas gets rights to M'sia-Thailand gas fields KUALA LUMPUR: Petronas yesterday said it had signed a deal that gives the state oil firm rights to a gas field under the Malaysia-Thailand Joint Authority that will help boost Malaysian supplies...

OECD halves Japan growth view

2011-04-22 THE impact of last month's devastating quake-tsunami disaster will slash Japan's economic growth to 0.8 per cent this year, the OECD said yesterday, halving its earlier forecast of 1.7 per cent.But massive government and business investment in...

M'sia to be hub for Islamic finance education

2011-04-22 MALAYSIA is expected to emerge as a hub for Islamic finance and banking education within three to five years backed by support from the government."This year, we have already received 2,000 students locally and globally to undergo Islamic...

Indonesia, Thailand seen to cut roaming fees

2011-04-22 THE reduction in mobile roaming charges may be expanded to Indonesia and Thailand, said Malaysia's Information Communication and Culture Minister Datuk Seri Dr Rais Yatim."So far, only Malaysia and Singapore have signed an agreement to reduce...

Thursday, 21 April 2011

Japan quake causes worry at Shanghai auto show

2011-04-21 JAPAN'S earthquake and tsunami disasters have cast a pall over the Shanghai auto show, where industry heavyweights are fretting over just how long the resulting supply disruptions will last.Output from Japanese manufacturers has been cut by more...

China oil giant cuts off oil exports

2011-04-21 CHINESE oil giant Sinopec has stopped exporting oil products to maintain domestic supplies amid disruption concerns caused by Middle East unrest and Japan's earthquake, a report said yesterday.The state-run Xinhua news agency did not say how long...

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