Business » Asia

Tuesday, 27 April 2010

IN BRIEF

2010-04-27 China market access critical to US firms BEIJING: US firms working in China are more concerned about regulatory and policy issues than about pushing China to revalue its currency, the head of the American Chamber of Commerce said in Beijing...

Templeton setting up M'sia fund unit, S'pore bond team

2010-04-27 US FUND manager Franklin Templeton plans to offer Islamic-compliant equity funds in Malaysia and is setting up a bond investment team in Singapore, a senior executive said yesterday.Templeton has already hired a country head, two analysts and a...

Thai 2010 GDP may be cut 0.6 point by protest: govt

2010-04-27 THAILAND'S economic growth this year could be cut by 0.64 percentage point if anti-government protests go on for up to three months, a government spokesman said yesterday, giving a preliminary estimate.Prime Minister Abhisit Vejjajiva has asked the...

Toyota: Global March sales up

2010-04-27 CRISIS-HIT automaker Toyota yesterday said that global sales surged 26.3 per cent year-on-year in March, despite millions of safety recalls worldwide, as the industry rebounds from the economic slump. Other Japanese makers such as Honda, Nissan,...

Geothermal energy lead eyed

2010-04-27 INDONESIA President Susilo Bambang Yudhoyono yesterday pledged to make Indonesia the world's biggest user of clean, renewable geothermal energy, and urged private investors to back him.The archipelago of 234 million people and more than 200...

Monday, 26 April 2010

IN BRIEF

2010-04-26 MASwings Sabah, Sarawak passenger goalKOTA KINABALU: MASwings has set a target of flying a record 1.1 million passengers within Sabah and Sarawak this year, Malaysia Airlines Chairman Dr Mohd Munir Abdul Majid yesterday said. He said the target...

Protests to weigh on Thai growth

2010-04-26 THAI Prime Minister Abhisit Vejjajiva yesterday said political unrest will force the government to revise down its projection for gross domestic product (GDP) growth this year. "We will have to revise the growth rate again, expecially after...

World Expo: Bringing the bull to Shanghai

2010-04-26 SHANGHAI has commissioned a new landmark to be unveiled during the World Expo that captures the city's rising global ambitions: a beefed-up replica of Wall Street's "Charging Bull".The red-tinted sculpture on the city's historic Bund river...

S'pore boosts food security

2010-04-26 HIS wife and business associates say he's mad to invest almost a million Singapore dollars in a fish farm, but Singaporean property developer Eric Cheng does not mind a bit.The 35-year-old city boy is confident his foray into aquaculture will make...

JAL seen posting loss of US$1.7b in 2009/10

2010-04-26 DEBT-RIDDEN Japan Airlines (JAL) is forecast to have posted a group operating loss of about ¥160 billion (US$1.7 billion) for the financial year that ended in March, Japan's Sankei newspaper reported yesterday.JAL and two subsidiaries filed in...

Sunday, 25 April 2010

IN BRIEF

2010-04-25 Philippines may have overshot budget goalMANILA: The Philippines may have overshot its budget gap ceiling of 110.9 billion pesos (US$2.5 billion) for the first quarter due to increased state spending, a government source said on Friday,...

Toyota will return to profit despite recall crisis: reports

2010-04-25 RESULTS from Toyota Motor to be released next month are expected to show the auto giant returning to profit in the year to March, despite a massive recall scandal, news reports said yesterday.The Japanese automaker is expected to post a group...

China plays pivotal role in VW's e-car plan

2010-04-25 CHINESE consumer reaction to electric cars made by Volkswagen AG will determine the fate of the German group's plans to lead the industry in battery-powered vehicles, the group's CEO said on Friday.VW has set a 2018 goal of being the leading...

China commerce minister cautious on export growth

2010-04-25 CHINA'S exports are recovering but with demand still sluggish in Western nations, growth is unlikely to reach pre-financial crisis levels this year, Commerce Minister Chen Deming said on a visit to a top trade fair.Chen said there were fewer US and...

Indonesia aims to tap volcano power

2010-04-25 INDONESIA has launched an ambitious plan to tap the vast power of its volcanoes and become a world leader in geothermal energy, while trimming greenhouse gas emissions.The sprawling archipelago of 17,000 islands stretching from the Indian to the...

China yuan trade issue 'very complex': US official

2010-04-25 THE Commerce Department needs more time to decide whether it can launch a groundbreaking investigation into whether China's currency practices are a subsidy under US trade law, US Commerce Secretary Gary Locke said on Friday. "It's very, very...

Saturday, 24 April 2010

Western carmakers race for green demand in China

2010-04-24 WESTERN carmakers are muscling in on clean-energy and low-end vehicles in China, two areas dominated by domestic firms, as they look to cash in on expected government subsidies and masses of upwardly mobile Chinese in smaller cities.Honda and Volvo...

US sets preliminary duties on Chinese steel pipes

2010-04-24 THE US Commerce Department on Thursday announced preliminary anti-dumping duties ranging from 32 to 98 per cent on hundreds of millions of seamless steel pipes from China.The decision is a victory for United States Steel Corp, V&M Star LP, TMK...

China may cut banks' foreign debt quotas

2010-04-24 CHINA's foreign exchange regulator is considering cutting short-term foreign debt quotas for some commercial banks, three sources familiar with the situation said yesterday, as it seeks to curb speculation over yuan appreciation.Onshore dollar...

Cathay says it has immunity in price-fixing case

2010-04-24 CATHAY Pacific said yesterday it had been granted immunity from any fine by British regulators in a price-fixing case with Virgin Atlantic, on condition that it offered full cooperation.Britain's Office of Fair Trading (OFT) said Thursday it was...

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