Business » Asia

Thursday, 14 October 2010

IN BRIEF

2010-10-14 Surprise gain for Japan's machinery TOKYO: Japanese machinery orders jumped more than 10 per cent in August, vastly beating expectations thanks to resilient private demand despite the punishing effects of a strong yen and deflation.Miner is Mongolia...

Chinese shoppers boost Burberry sales

2010-10-14 BRITISH luxury group Burberry expects full-year profit to reach the top half of analysts' forecasts, after a 21 per cent rise in first-half revenue boosted by strong sales of coats and leather goods in China and Europe. The 154-year-old maker of...

Japan questions S Korea G20 lead

2010-10-14 JAPAN went on the offensive as global currency tensions escalated, charging on Wednesday that South Korea's leadership of the G20 could be called into question because of Seoul's regular intervention to stem the won's rise.The remarks by Japan's...

Thai Finance Minister goes on air, touting economic plan

2010-10-14 THERE'S plenty of drama in Thailand's markets with a surging currency and rising stocks. But Finance Minister Korn Chatikavanij found himself in an entirely different sort of drama this week — a role on a soap opera.Delivering a heavy dose of...

IPO flows may force India central bank to intervene while managing volatility

2010-10-14 INDIA'S central bank is reluctant to intervene in currency markets but may be forced to in coming weeks as foreign investors pour in billions of dollars to buy shares in the country's largest ever IPO.Foreign investment in Indian stocks stands at a...

China think tank aims for higher inflation

2010-10-14 CHINA should raise its 2010 inflation target to help ease pressure on Beijing let the yuan appreciate, a government think tank has said, according to state media Tuesday.Lifting the target to four per cent from three per cent would improve farmers'...

US$ dip hurts global econ

2010-10-14 A LOOSE monetary policy in the US hurts the global economy and puts massive inflation pressure on emerging economies, a researcher with a Chinese government think tank said. The criticism of US monetary policy and its weakening dollar comes as...

Malaysia delays GST introduction: controversy

2010-10-14 THE Malaysian government yesterday said it would again delay the implementation of a controversial goods and services tax due next year in the face of strong public opposition. "The government would like to announce the postponement of the...

Green focus in trillion dollar India plan

2010-10-14 INDIA will spend US$2.3 trillion ($27 million) to boost its energy sector by 2030 by improving energy efficiency and using clean technology to help Asia's third largest economy balance growth and environmental aims. While India will need to keep...

HK moves to cool property, shares hit

2010-10-14 HONG KONG will restrict immigration based on property investment and increase housing supply to try to cool the overheating sector, its leader said yesterday, prompting a sharp drop in local real estate stocks.In his annual policy address laying out...

Wednesday, 13 October 2010

US-Vietnam ties blossom, boom

2010-10-13 TIES between the United States and Vietnam are blossoming in the face of shared concern over China's growing military muscle, but political differences will ultimately limit how far detente between the former foes can go. Drawn together by...

Taiwan in trade talks with Indonesia

2010-10-13 OFFICIALS from Taiwan and Indonesia said yesterday they were in talks to develop an outlying Indonesian island, the second dividend for Taiwan after it signed a landmark trade deal with China. Rival China had once blocked the US$416 billion ($535...

House to summon food agency

2010-10-13 HOUSE of Representatives Commission on Health chairperson Ribka Ciptaning said yesterday the commission would ask clarification from the Food and Drug Monitoring Agency (BPOM) following a raid by Taiwan authorities on Indonesian-made instant noodle....

IN BRIEF

2010-10-13 China's Taobao to launch web search engine BEIJING: A unit of Alibaba Group, China's largest e-commerce firm, has launched a search engine, taking aim at a lucrative market now dominated by Wall Street darling Baidu Inc. Taiwan to relax...

Petronas Chemicals preparing to launch US$4b IPO in Malaysia

2010-10-13 PETRONAS Chemicals is looking to raise as much as US$4 billion ($5.4 billion) in a Malaysian initial public offering, exceeding earlier estimates of over US$2 billion as it hopes to tap on strong global investor demand for Asian stocks. Asian...

India extends BlackBerry access deadline: 90 days

2010-10-13 INDIA has given BlackBerry maker Research In Motion (RIM) an extended deadline of January 31 to provide its intelligence agencies a way of accessing all its services, a report said.Citing a home ministry note, the Economic Times newspaper (published...

Asia strives to resist capital inflows

2010-10-13 ASIAN governments reached for policy tools and rhetoric yesterday to resist capital inflows that are boosting their currencies and undercutting the competitiveness of their exporters. Thailand's cabinet agreed to impose a 15 per cent withholding tax...

China dominates list, world's richest women

2010-10-13 MORE than half of the 20 richest self-made women in the world are Chinese, with their average fortune beating that of US talk show host Oprah Winfrey and author JK Rowling, a list showed yesterday. The three richest women on the planet are Chinese...

Thailand moves to curb baht's strength

2010-10-13 THAILAND moved yesterday to rein in its soaring currency with a package of measures aimed at easing the pain of exporters as the baht hovers near a 13-year high. The government approved a tax for foreigners investing in Thai bonds in the hope of...

India industrial output slows to 5.6 %

2010-10-13 INDIA'S industrial output rose just 5.6 per cent year-on-year in August, a sharp decline from a revised 15.2 per cent surge the previous month, official data showed yesterday. The figure was well below economists' forecasts of a 9.9 per...

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