Business » Asia

Wednesday, 29 June 2011

Virgin Australia drops MAS, courts SIA

2011-06-29 VIRGIN Australia will seek to end its relationship with Malaysia Airlines as it pursues a partnership with Singapore Airlines.This comes after MAS announced earlier this month that it would join the oneworld airline alliance and seek closer...

Tuesday, 28 June 2011

Malaysia, Singapore to start high-speed rail link by 2018

2011-06-28 MALAYSIA and Singapore yesterday agreed to set up a high-speed rail link between their border areas following a deal to shut down an old service dating back to British colonial rule.In a joint statement, the two counties said a rapid transit system...

Thomson Reuters sets up Islamic indices

2011-06-28 THOMSON Reuters and IdealRatings yesterday launched the Thomson Reuters IdealRatings Islamic Indices, the first Islamic benchmark offering research-based Syariah screening based on globally accepted standards, to investors, money managers and...

Moody's chides Japan over fiscal reform delay

2011-06-28 JAPAN'S failure to meet a self-imposed June 20 deadline to announce a long-term plan to deal with the country's debts is a negative development, Moody's ratings agency said, suggesting it is edging closer to a ratings downgrade.!All three major...

IN BRIEF

2011-06-28 M'sia aerospace sector to lure RM1b capitalSUBANG JAYA: Malaysia's aerospace industry is expected to attract investments worth RM1 billion this year from RM937.98 million recorded in 2010. International Trade and Industry Minister Mustapa Mohamed,...

1,080km Sarawak road upgrade may cost RM16b

2011-06-28 THE upgrading of the state trunk road to a two-lane dual carriageway stretching for 1,080 km from Sematan, near here to Merapok, in Lawas is estimated to cost RM16 billion ($6.5 billion) at the current rate.Sarawak Infrastructure Development and...

Nissan eyes global market share at 8% by 2016

2011-06-28 JAPANESE auto giant Nissan Motor yesterday said it would aim to achieve a global market share of eight per cent by the end of fiscal 2016 as it unveiled a six-year business plan. Nissan, which is 44.3 per cent owned by French partner Renault, also...

Countdown for China bullet train launch

2011-06-28 WITH its fully reclining airline-style business class seats, a strict no-smoking policy and designed top speed of 350km per hour, the new Beijing-Shanghai express embodies China's race to the future.!The new line's launch is coordinated with the...

Monday, 27 June 2011

M'sia's Roti Arab forays into Asean

2011-06-27 MALAYSIAN brand Roti Arab has widened its reach across the Asean market, after making forays into Brunei, Singapore and Thailand.Sayyidah Enterprise manager Mohd Fakhruddin Abdullah said has been selling 1,200 packs of Roti Arab a month to...

IN BRIEF

2011-06-27 Antofagasta, Barrick to win Pakistan mine rights ISLAMABAD: Chile's Antofagasta and Canada's Barrick Gold are likely to win mining rights for a US$3.3 billion copper and gold project in Pakistan, a senior provincial government official said...

Poll: Quick recovery for Japan Inc in 2nd half

2011-06-27 JAPAN'S corporate sector, especially automakers, will quickly recover from the quake and tsunami disaster in the second half of this fiscal year, a survey reported yesterday.The survey of 1,533 listed firms, conducted by the Nikkei business daily,...

China boosts ties with Britain, Hungary

2011-06-27 CHINESE premier Wen Jiabao pointed to Sino-British manufacturing co-operation yesterday as he launched the first new MG motor model in 15 years during the British leg of a brief visit to Europe.!In Budapest on Saturday, Wen confirmed China's...

Asian developers flock to Melbourne

2011-06-27 GROWING opportunities in Australia's second most populous city, Melbourne, are drawing Asian property developers to expand their footholds there.Its vibrant city life, booming financial services and education centres, growing population and housing...

Hurdles seen in Vietnam bid for green buildings

2011-06-27 PROMOTING 'green' buildings is a challenge in Vietnam, given a lack of specific standards and procedures for construction and a lack of competent human resources, according to the HCM City Energy Saving Centre.Green architecture expert Thierry Roche...

Sunday, 26 June 2011

Invest in manufacturing, services, Muslim nations told

2011-06-26 MALAYSIA will call upon Muslim countries to invest in the development of their services and manufacturing industries at the coming Islamic Development Bank meeting.Malaysia Second Finance Minister Ahmad Husni Hanadzlah said the meeting in Jeddah on...

Saturday, 25 June 2011

'Frontier Asia' markets luring private equity investments

2011-06-25 PRIVATE equity deals are likely to warm up in 'frontier' Asian markets such as Indonesia and Vietnam as firms worry about prices getting too high in the hot markets of China and India.Private equity investments in Asia accelerated in the first half...

Regional economic ties tabledin M'sia meeting

2011-06-25 MALAYSIA will host the inaugural Integration Partnership Forum of Asean nations, Australia and New Zealand today to discuss the benefits of regional economic integration and trade deals.Drawing on the example of close commercial ties between...

Asia moves to tap oil reserves

2011-06-25 ASIAN nations moved to release emergency oil stockpiles yesterday as part of a rare global coordinated action by consumer countries to prevent high energy prices from stunting a stuttering economic recovery.!The move, led by Washington and...

IN BRIEF

2011-06-25 India press on with nuclear power push WASHINGTON: India's commerce minister called Thursday for more cooperation with the United States on nuclear energy and brushed aside talk of scrapping ambitious plans in the wake of Japan's Fukushima crisis....

Friday, 24 June 2011

IN BRIEF

2011-06-24 Fitch lifts Philippines credit rating MANILA: The Philippines' credit rating was raised by Fitch Ratings to within one notch of investment grade, putting it on par with neighbouring Indonesia and giving the government's economic credentials a...

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