Business » Asia

Wednesday, 5 January 2011

Beijing-Shanghai high speed rail to open in June: report

2011-01-05 CHINA will open its US$33 billion high-speed rail link between Beijing and Shanghai in June, state media said on Tuesday, cutting the journey between the two cities in half to less than five hours.The 1,318-kilometre (819-mile) railway, which has...

S Korean president declares 'war' on prices

2011-01-05 SOUTH Korean President Lee Myung-bak urged his cabinet yesterday to take a "war on prices" attitude in containing inflation as central bank members expressed their concerns that consumer prices would keep heading higher.!Lee told the...

IN BRIEF

2011-01-05 S Korea readies rare earths supply SEOUL: South Korea will develop rare earths in Vietnam, Australia, Kyrgyzstan and South Africa this year, while cooperating with Japan for overseas development of the minerals, the government said in a statement...

AIG gets new proposal for Taiwanese subsidiary

2011-01-05 AMERICAN International Group's protracted sale of its Taiwan unit took another twist yesterday when a local firm proposed jointly running the unit with the bailed-out insurer instead of a sale that AIG has been pushing for.AIG has been trying to...

Court junks Hyundai Group's takeover bid

2011-01-05 A SOUTH Korean court ruled yesterday in favour of creditors who have scrapped a deal to sell their controlling stake in the country's largest builder back to its former parent group.The takeover battle is part of a family feud over the former...

Tuesday, 4 January 2011

S'pore fastest growing economy in Asia in 2010

2011-01-04 SINGAPORE'S economy grew 12.5 per cent in the fourth quarter of 2010, a record year in which the city state was Asia's strongest economic performer, government figures showed yesterday.Singapore grew 14.7 per cent for the year as a whole, the...

Food prices lift Indonesia inflation to 6.96% in 2010

2011-01-04 INDONESIA'S central bank yesterday faced fresh pressure to raise interest rates after data showed inflation for 2010 reached almost seven per cent due to rising food prices.However, analysts said the bank will not increase lending costs immediately...

M'sia state financing firm to focus more on Islamic finance

2011-01-04 MALAYSIA Debt Ventures Bhd (MDV), a wholly-owned subsidiary of the Ministry of Finance, will focus more of its activities, this year, on Islamic financing, said Managing Director cum Chief Executive Officer Md Zubir Ansori Yahaya.He said the company...

Philippines hires banks for bond float

2011-01-04 THE Philippines has hired banks to sell global peso bonds with maturities of up to 25 years, part of the government's strategy to lengthen maturities and cut its foreign exchange exposure, Finance Secretary Cesar Purisima said yesterday.!He...

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2011-01-04 Japan eyes mineral exploration in PacificTOKYO: Japan is to step up its search for undersea mineral reserves in the Pacific, according to a media report yesterday, setting up a likely exploration race with China and South Korea. The Japanese...

Bursa M'sia weighs rejig of business rules

2011-01-04 A PUBLIC consultation paper was issued by Bursa Malaysia yesterday, seeking feedback on the proposed amendments to the Rules of Bursa Malaysia Securities Bhd.In a statement, Bursa Malaysia said the proposed revamp is aimed at facilitating greater...

Monday, 3 January 2011

Taiwan set to lift ban on solo Chinese tourists

2011-01-03 TAIWAN is expected to lift its decades-old ban on visits by individual Chinese tourists from April in yet another sign of the island's fast-warming ties with China, officials and local media said yesterday.Currently Chinese are only allowed to...

India to overhaul decade-old telecoms policy

2011-01-03 INDIA plans to overhaul its decade-old telecoms policy, framing new rules on mergers and on radiowaves, the telecoms minister said on Saturday, seeking to revamp a high-growth sector hit by several scandals.Kapil Sibal, who took over in November...

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2011-01-03 Cathay makes pay offer to pilots: reportHONG KONG: Cathay Pacific has offered its pilots pay rises of up to 12 per cent after they threatened to work to rule over Christmas, a report said yesterday. The Hong Kong Aircrew Officers Association's 1,800...

China Dec manufacturing eases on tightening moves

2011-01-03 CHINA'S manufacturing boom eased off slightly in the last month of the year, a survey said, reflecting tightening policies taken by authorities to keep inflation in check.The state-affiliated China Federation of Logistics and Purchasing said that...

S Korea's upbeat data boosts case for rate rise

2011-01-03 SOUTH Korea's December exports beat forecasts, rising to a record as demand picked up from almost all regions, data showed on Saturday, adding to the case for more interest rate increases from as early as next month.!The data released by the...

Asean telecom, IT ministers meetings slated in Malaysia

2011-01-03 MALAYSIA'S Ministry of Information Communication and Culture will host the 11th Asean Telecommunications and Information Technology Meeting (Telsom) and the 10th Asean Telecommunications and Information Technology Ministers Meeting (Telmin) in...

Saturday, 1 January 2011

Oil fans Asia inflation woes

2011-01-01 RISING oil prices present a new inflationary headache for Asia and further complicate the task of policymakers grappling with broader price pressures, an uneven growth outlook and surging dollar inflows.!Central bankers in Asia are reluctant to...

IN BRIEF

2011-01-01 Vietnam sees FDI up at US$11.5b in 2011HANOI: Foreign direct investment in Vietnam is expected to be between US$11 billion and US$11.5 billion next year, unchanged to slightly higher than in 2010, a government report said. New pledges would rise...

Skype could be designated illegal in China

2011-01-01 CHINA will crack down on what it called illegal Internet telephone providers, according to a circular from the Chinese government seen yesterday that could potentially affect Internet calling service Skype.!The statement, from the powerful...

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