Business » Asia

Thursday, 29 July 2010

Nissan to offer breathable Vitamin C, 'easy chairs' in new cars

2010-07-29 IN A riposte to those who think a reliance on cars is unhealthy, new Nissan models will feature air conditioners that pump breathable vitamin C and stress-reducing seats, the Japanese firm said yesterday.The group is also looking to install "...

Panasonic unveils 3D consumer camcorder

2010-07-29 JAPANESE electronics giant Panasonic Corp yesterday unveiled what it says is the world's first consumer camcorder to allow anyone to record in three dimensions using a special lens. The electronics giant, which earlier launched a 3D camcorder for...

Wednesday, 28 July 2010

Japan, China begin gas fields talks

2010-07-28 JAPAN and China yesterday kicked off talks over plans to jointly exploit oil and gas fields in a contested area of the East China Sea, officials said.Senior government officials of the two countries met at the Japanese foreign ministry in Tokyo in...

Toyota: China labour cost hike 'inevitable'

2010-07-28 THE rapid rise of labour costs in China is "inevitable" and Japanese auto giant Toyota Motor has no immediate plan to review its supply chain in the country, its vice president said yesterday.Foreign-run factories in China have been...

Yahoo Japan to switch to Google's search engine

2010-07-28 YAHOO Japan, Japan's largest Internet portal operator, will adopt Google's search engine, refusing to follow Yahoo Inc in choosing Microsoft as a partner.Yahoo Japan, which currently uses Yahoo Inc's search technology, and Google together would...

M'sia set to clinch a quarter of global transactions in Islamic banking in 10 yrs

2010-07-28 MALAYSIA is set to clinch 25 per cent of global transactions in Islamic banking within the next decade from less than 10 per cent currently, Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop said.He said Malaysia would be...

IN BRIEF

2010-07-28 Parkway shares rise on Khazanah's fresh bidSINGAPORE: Shares of Singapore's Parkway opened 1.03 per cent higher yesterday after Malaysian state investor Khazanah made an improved offer for the regional healthcare provider. Parkway was traded at S$3....

Indonesia cuts remaining bond issuance by 26%

2010-07-28 INDONESIA will cut its remaining 2010 debt issuance by 26 per cent, including scaling back a global sukuk, after lowering its forecast for the budget deficit this year as it sees faster growth and stronger revenues.The move to cut its debt issuance...

China's central bank sees little risk of double dip

2010-07-28 THE slowdown in China's economy will stabilise and there is little risk of a double dip recession, the central bank said yesterday, amid fears the Asian giant was running out of steam.The world's third largest economy grew 10.3 per cent in the...

Tuesday, 27 July 2010

More Chinese investment flow to Asean countries

2010-07-27 CHINA'S investments in Asean countries are to see a rapid growth following full implementation of the China-Asean Free Trade Area (CAFTA) beginning this year, says Deputy Minister of Commerce Gao Hucheng.Between 2003 and 2009, Asean's average annual...

Philippines to rely on private sector for growth

2010-07-27 PHILIPPINE President Benigno Aquino said yesterday his government would seek help from private investors to fund vital infrastructure as the nation struggled with a widening budget deficit.Less than one month after taking power, Aquino said...

Japan's new envoy says yuan to increase by 40 per cent

2010-07-27 JAPAN'S new ambassador to Beijing said yesterday he expected to see China's currency appreciate as much as 40 per cent, as he reiterated earlier calls for closer trade ties. "The trend of a stronger yuan is unstoppable," Uichiro Niwa told...

Khazanah to fork out RM8.19b if offer for Parkway fully taken

2010-07-27 KHAZANAH Nasional Bhd's Singapore-based Integrated Healthcare Holdings Ltd (IHHL) has offered to buy all the remaining shares that it does not own in Parkway Holdings Ltd for S$3.5 billion (RM8.19 billion) or US$3.95 per share, as rival Fortis...

China Everbright Bank gets nod for Shanghai IPO

2010-07-27 EVERBRIGHT Bank's plan to raise up to $2.9 billion in a Shanghai IPO has been approved by the securities regulator, two sources said, in what will be the latest Chinese bank to try and tap markets for funds when conditions are still favourable....

Khazanah wins battle for Parkway

2010-07-27 MALAYSIAN state investor Khazanah trumped India's Fortis Healthcare in a takeover battle for Singapore's Parkway with an offer that values Asia's biggest listed hospital operator at $3.3 billion.Khazanah in its biggest acquisition overseas said...

IN BRIEF

2010-07-27 Japan electronics giants' earnings TOKYO: Most of Japan's big electronics firms are likely to report a strong quarter on robust consumer demand, though the yen's gains and a slowdown in key European export markets may weigh on quarters...

Monday, 26 July 2010

UBS on hiring spree

2010-07-26 SWISS bank UBS, the top wealth manager in Asia, plans to hire 2,200 new staff in the region, the head of UBS in Asia Pacific said in an Swiss magazine interview, a move that would return it to its pre-crisis splendour.Chi-Won Yoon, who became Chief...

Taiwan wins WTO LCD case against EU

2010-07-26 TAIWAN has won a World Trade Organisation (WTO) dispute against the European Union over LCD flat-screen panel tariffs, saving island exporters up to US$611 million a year, local officials and media said on Saturday.A WTO dispute settlement body...

Clinton adds to history of mango diplomacy

2010-07-26 WHEN US Secretary of State Hillary Rodham Clinton offered Pakistan help last week in exporting mangoes to the US in a bid to dampen anti-American sentiment, it marked the latest chapter in the fruit's curious history of diplomacy and intrigue....

IN BRIEF

2010-07-26 JAL creditors to agree on debt discountTOKYO: Japan Airlines (JAL) and its creditor banks are likely to agree to reduce the amount of the carrier's debts that the banks will forgive from ¥410 billion to about ¥383 billion, sources said Saturday. JAL...

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