Business » Asia

Friday, 10 September 2010

S'pore currency hits new record high against US $

2010-09-10 THE Singaporean dollar rose to a new record high against the greenback yesterday as investors' appetite for higher yielding currencies continued to increase, analysts said.Investors were also drawn by the Asian region's economies, which have...

IN BRIEF

2010-09-10 Aussie regulators reject NAB bid for AXA SYDNEY: Australian competition officials yesterday rejected a US$12.2-billion dollar bid by National Australia Bank (NAB) for AXA Asia Pacific, pleasing rival suitor AMP and complicating AXA's Asia strategy....

AirAsia X in talks to start Paris route, says CEO

2010-09-10 LONG-HAUL budget airline AirAsia X yesterday said it has no plans to begin flights to Paris this year, according to a top official, after French reports it had been given a slot at Orly Airport. French media had reported that the carrier, which will...

Japan's ANA to launch budget carrier

2010-09-10 JAPAN'S All Nippon Airways (ANA) will launch a low-cost carrier operating both international and domestic short-haul routes, anticipating booming Asian travel demand, the airline said yesterday. The new company will be established by the end of...

Thursday, 9 September 2010

IN BRIEF

2010-09-09 Don't be complacent, China banks told BEIJING: China must not overlook potential systemic risks in its banking system and has to keep up with global financial regulatory changes to meet new challenges, the top banking regulator said in remarks...

Airfares up as Asian travel rebounds from recession

2010-09-09 ASIA-PACIFIC airlines are raising ticket prices as travellers return in their droves after holding back on their travel plans last year because of the global recession.A strong economic rebound, led by China, has resulted in carriers filling more...

Vodafone sells China Mobile stake

2010-09-09 BRITISH mobile phone giant Vodafone has announced the sale of its 3.2 per cent stake in China Mobile for around £4.3 billion (US$6.6 billion).The sale, announced late Tuesday, is the first in what is expected to be a series of sell-offs of...

Japan's intervention hints fail to halt yen

2010-09-09 JAPAN'S finance minister acknowledged currency intervention is an option for the first time since the yen's 14 per cent rise since May, and a candidate to become prime minister sanctioned solo intervention as the yen jumped to a 15-year high versus...

Asia rice prices drop sans fresh demand

2010-09-09 ASIAN rice prices have fallen this week because of a lack of foreign demand, and traders expected a further drop in coming weeks despite a rise in the official Vietnamese floor price at the end of August.In Thailand, the biggest rice exporter,...

China's rich drag feet on Gates-Buffett charity invitation

2010-09-09 ONLY two of China's super-rich have accepted an invitation to meet with US philanthropists Bill Gates and Warren Buffett, with others fearing they will be pressured to give to charity, a report said.Gates and Buffett, the two richest Americans, have...

Wednesday, 8 September 2010

IN BRIEF

2010-09-08 Bangladesh Aug remittances up 2.4% DHAKA: Bangladesh received US$957.9 million in remittances from workers overseas in August, up 2.4 per cent from a year earlier, central bank data shows. The income from more than six million workers overseas, a...

Indonesia tries to leave India's infrastructure shadow

2010-09-08 INDONESIA'S efforts to modernise its infrastructure have lagged India's slow-but-steady improvements, though Jakarta's progress could be fast tracked in the eyes of foreign investors with passage of a politically complicated land grab bill.The...

Fair treatment for China govt contracts

2010-09-08 CHINA'S vice president yesterday vowed foreign firms would get a fair chance to secure government contracts, amid mounting concerns that Beijing is skewing the business playing field against outsiders.The comments from Xi Jinping, who is tipped to...

Strike cripples Indian states

2010-09-08 A STRIKE called by trade unions in India yesterday to protest against rising prices and alleged anti-labour policies crippled life in the east and south of the country in Communist-ruled states.Most other areas were largely unaffected by the protest...

Petronas plans for petchems IPO

2010-09-08 MALAYSIA'S Petronas has filed a draft prospectus for an initial public offering of its entire petrochemicals business, moving a step closer towards creating country's second-largest IPO after Maxis.The draft prospectus on the Securities Commission...

Japan's farming population almost halves since 1990

2010-09-08 JAPAN'S farming population has shrunk by one fifth over the past five years and almost halved since 1990, said government data released yesterday in the fast-greying nation.Only 2.6 million people are now members of farming households in the highly...

AIG seen leaning towards new Taiwan unit sale

2010-09-08 AMERICAN International Group Inc is leaning towards a new sale of its Taiwan unit, according to one of the original buyers, opening the way for a number of Taiwanese banks that have expressed interest.Hong Kong-listed China Strategic Holdings Ltd...

Tuesday, 7 September 2010

India's Fortis eyes S'pore REIT

2010-09-07 INDIAN hospital operator Fortis Healthcare is looking to list a real estate investment trust (REIT) in Singapore in the next six months to house its property assets and is looking at a valuation of US$600-700 million, a senior company executive said...

China celebrates a Shenzhen 'miracle'

2010-09-07 PRESIDENT Hu Jintao hailed the southern export hub of Shenzhen as a "miracle" yesterday as China marked 30 years of reforms in the city that provided the blueprint for the communist country's economic rebirth."The Shenzhen Special...

Half of Philippines considers itself poor

2010-09-07 ABOUT half of the Philippine population considers themselves poor despite robust economic growth, a survey showed yesterday.The independent study by the Social Weather Stations showed that at least 9.4 million families, about 50 per cent, considered...

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