Friday, 16 September 2011

Asia IT firms fret over US, Europe

2011-09-16 ASIA'S major technology exporting firms are actively diversifying into emerging markets such as China, as key IT spending regions such as the United States and Europe are mired in economic uncertainty.!While the US and Europe markets are too big to...

Mitsubishi, Proton mull wider ties

2011-09-16 JAPAN'S Mitsubishi Motors and Malaysian carmaker Proton yesterday said they are considering expanding their tie-up in a bid to strengthen their competitiveness in growing markets in the Asia region. The two firms said they would consider four areas...

Sensitive TPP topics delayed

2011-09-16 THE United States has yet to outline ideas for protecting workers' rights or reining in state-owned enterprises in a proposed Trans-Pacific trade pact, despite a mid-November deadline to reach "broad outlines" of a deal, a senior US trade...

Thursday, 15 September 2011

India's inflation woes mount

2011-09-15 INDIAN inflation climbed to its highest in more than a year as prices of food and manufactured goods surged, reinforcing the case for another rate hike tomorrow despite weakening growth and a worsening global outlook.!The Reserve Bank of India has...

MAS must focus on rebranding: Fernandes

2011-09-15 MAS WILL need to focus more on rebranding exercise as one of the ways for the national carrier to turnaround, says AirAsia Bhd chief executive officer Tan Sri Tony Fernandes.Citing the success stories of AirAsia and Emirates of the United Arab...

Ex-MD urges caution on swap

2011-09-15 MALAYSIA Airlines (MAS) former managing director Tan Sri Abdul Aziz Abdul Rahman says the recent share-swap deal between MAS and AirAsia does not necessarily mean a solution to the ailing national carrier which continues to suffer losses due to high...

IN BRIEF

2011-09-15 Sony to release PlayStation Vita in DecTOKYO: Sony will release its next-generation PlayStation Vita games console in Japan on December 17, it said yesterday, as it looks to mount a fresh challenge to rivals including struggling Nintendo. The new...

Growth of Asia's developing economies to slow, says ADB

2011-09-15 ASIA'S developing economies will post slower-than-expected growth this year and next as key trading partners reduce orders due to worries about the global economy, a report said yesterday.However, the region will continue to see strong expansion...

China to expand Europe investments

2011-09-15 PREMIER Wen Jiabao (pictured) said yesterday China will continue to expand its investment in the eurozone and called on western countries facing a crippling debt crisis to "put their houses in order".As Europe's struggling economies look...

Beijing warns Capitol Hill vs protectionism

2011-09-15 CHINA'S Foreign Ministry urged US lawmakers yesterday not to resort to "excuses" for trade protectionism after US Senate Democratic Leader Harry Reid pushed for legislation aimed at forcing China to loosen controls on its currency.!...

Suzuki eyes new factory in Gujarat

2011-09-15 SUZUKI Motor will likely locate a planned new US$1.3 billion passenger car factory in Gujarat, western India, Japan's Kyodo news agency said yesterday. !The report came two days after the company said it wanted to end its alliance with Volkswagen ,...

Wednesday, 14 September 2011

VW seeks talks with Suzuki

2011-09-14 GERMAN auto giant Volkswagen said late Monday it is seeking talks with Japanese partner Suzuki, after the latter announced its intention to end their two-year-old alliance."We want to talk. We haven't changed our view of Suzuki as an investment...

US allays fears TPP may restrict access to new medicines

2011-09-14 THE Obama administration on Monday sought to allay concerns that the US push for stronger drug patent protection in a Trans-Pacific trade deal would raise the cost of life-saving treatments out of the reach of the region's poor people.Global...

Tepco lenders told to share cost burden

2011-09-14 CREDITORS and shareholders of troubled Tokyo Electric Power Co (Tepco) should share in the burden of restructuring the utility as it grapples with huge costs from its crisis-hit Fukushima nuclear plant, Japan's new trade minister Yukio Edano said...

Tuesday, 13 September 2011

2012 budget to detail new round of liberalisation: Najib

2011-09-13 THERE will be another round of economic liberalisation in Malaysia's budget announcement next month, Prime Minister Najib Razak (pic) said."Liberalisation is good for our long-term sustainable competitiveness. It builds our intrinsic strengths...

Thailand to boost trade ties with Indonesia: Yingluck

2011-09-13 THAI Prime Minister Yingluck Shinawatra yesterday vowed to improve economic cooperation with Indonesia, particularly in the agriculture, energy and tourism sectors.In her fist state visit to Indonesia, Yingluck said that she and Indonesian...

Fitch lowers Toyota rating a notch to 'A'

2011-09-13 RATINGS agency Fitch yesterday said it had downgraded the long-term debt of Japan's biggest automaker Toyota by one notch to "A", citing its exposure to a strong yen in another blow to the firm.Toyota is "the most exposed among the...

M'sia exploring further Brunei ties

2011-09-13 MALAYSIA is "exploring new areas" of cooperation with Brunei aside from oil and gas and halal, Deputy Minister of International Trade and Industry Dato' Mukhriz Tun Dr Mahathir yesterday said.A Malaysian delegation yesterday held a round...

IN BRIEF

2011-09-13 Cambodia economy may grow 8.7% this year PHNOM PENH: Cambodia's economy can grow as much as 8.7 per cent this year, its strongest in a decade, propelled by a resurgence in its garments and tourism industries, Cambodian Prime Minister Hun Sen...

Asia-Pacific trade pact talks making good progress: US

2011-09-13 TRADE negotiators are making good progress at talks to hammer out a multilateral agreement among nine Asia-Pacific nations but a great deal of "hard work" remains, US officials said Sunday."Today, chief US negotiator Barbara Weisel...