Business » Asia

Thursday, 28 October 2010

IN BRIEF

2010-10-28 Beijing Airport issues US$751m in sharesHONG KONG: Beijing Capital International Airport Co Ltd said it has agreed to sell 5 billion yuan (US$751 million or $981.5 million) worth of new shares to its parent company to repay debt. The issue price,...

Boost business, investments

2010-10-28 VIETNAMESE Prime Minister Nguyen Tan Dung said here yesterday at the Asean Business and Investment Summit that Asean countries should work together closely to boost efficiency of business and investment activities. The summit is co-organised by...

Brazil's Petrobras weighs Japan refinery upgrade

2010-10-28 BRAZILIAN state-controlled oil major Petrobras is considering reviving a plan to upgrade its Nansei Sekiyu refinery in Japan to step up product exports to China, a company official said on Wednesday.The company is expected to make a decision by the...

M'sia, India FTA to begin mid-2011

2010-10-28 MALAYSIA and India announced yesterday that a long delayed trade accord between the two countries would take effect by July 2011, doubling two-way trade to US$15 billion by 2015."I'm glad to officially announce that the agreement will come into...

Asean to address economic, development gap issues

2010-10-28 THE upcoming 17th Asean Summit and related summits among Asean and dialogue partners will focus on Asean Community building and cooperation enhancement, said analysts here. With the theme of "Towards the Asean Community: from vision to...

ExxonMobil back in Turkmenistan

2010-10-28 US ENERGY major ExxonMobil has reopened its office in Turkmenistan and said it was keen to develop its giant natural gas resources.Turkmenistan, Central Asia's largest natural gas producer estimated to hold the world's fourth-largest reserves of...

Apple launches China online store

2010-10-28 APPLE yesterday launched online sales in China and made its App Store available in simplified Chinese, as the US technology giant expands aggressively in the world's largest mobile market.The firm opened two new retail shops in mainland China last...

Wednesday, 27 October 2010

China automaker BYD sees Q3 profit dive

2010-10-27 CHINESE carmaker BYD, backed by US billionaire Warren Buffett, saw its profits plunge 99 percent year on year in the three months to September, a report said Tuesday.The Shenzhen-based company earned 2.43 billion yuan ($473.6 billion) in net profit...

India aims to expand multi-retail FDI in 2011

2010-10-27 AN INDIAN minister said yesterday he was hopeful Asia's third-largest economy would open up foreign direct investment in the multi-brand retail sector in 2011.Moves to open up the sector are being closely watched by global retail giants such as Wal-...

Protecting Japanese farmers key point in joining TPP

2010-10-27 JAPAN needs to forge more free trade deals for future growth, but must address the impact on its farmers as a condition of joining a US-led Asia-Pacific initiative, a top party official said yesterday.Business lobbies, worried Japan is lagging...

India agrees to stable supply of rare earths for Japan

2010-10-27 TOKYO said Tuesday that India has agreed to provide a stable supply of rare earth minerals to Japan as the high-tech economy looks to diversify sources after a spat with key provider China. India's Prime Minister Manmohan Singh, who wound up his...

IN BRIEF

2010-10-27 Court cancels bail for Satyam founderNEW DELHI: India's Supreme Court yesterday cancelled bail granted to the founder of outsourcing firm Satyam, who is accused of staging the country's biggest corporate fraud. B Ramalinga Raju, the former head of...

Malaysia to act if ringgit becomes 'disorderly'

2010-10-27 MALAYSIA'S central bank will intervene in currency markets if movements in the ringgit become "disorderly", its governor Zeti Akhtar Aziz said yesterday.The ringgit has risen 10.5 per cent against the dollar this year as investors pump...

Japan plans to curb yen rise if needed after G20

2010-10-27 JAPAN'S finance minister warned on Tuesday the government would "act decisively" in markets if needed and expressed Tokyo's irritation with the yen's climb to another 15-year high following the Group of 20 finance chiefs' meeting....

Tuesday, 26 October 2010

Japan, US to implement 'open skies' deal

2010-10-26 JAPAN and the United States signed an "open skies" deal yesterday to further liberalise commercial aviation and allow more airline alliance cooperation on flights between North America and Asia.Tokyo and Washington agreed the framework in...

Oz: Currency reform 'no panacea' for growth

2010-10-26 AUSTRALIA'S central bank chief yesterday said stronger domestic demand in Asia was needed to help iron out imbalances in the global economy, and tackling ongoing "currency wars" would not be enough.Reserve Bank of Australia chief Glenn...

'M'sia has edge in issuance of multi-currency sukuk'

2010-10-26 MALAYSIA is well-positioned as a multi-currency issuance platform for sukuk given its access to a wide range of players and investors, backed by significant tax incentives, Prime Minister Datuk Seri Najib Tun Razak said yesterday.He said there were...

S'pore, Oz to form world's largest tradingpowerhouse

2010-10-26 THE Singapore and Australian stock exchanges yesterday announced a multi-billion dollar merger that will create one of the world's largest and most diversified financial trading hubs.Singapore's SGX offered US$8.2 billion ($10.5 billion) to take...

Study on KL-Singapore train before yearend

2010-10-26 A METICULOUS study on the Kuala Lumpur-Singapore high-speed train will be undertaken before the project is recommended to the government for approval, Minister in the Prime Minister's Department, Datuk Seri Idris Jala, said yesterday."By end of...

Pakistan faces double bind in raising revenue

2010-10-26 THE Pakistani government's lack of credibility, both with its own citizens and donor agencies, has placed it in a double bind and hampered efforts to raise critically needed revenue.Pakistanis say the lack of clarity, transparency and accountability...

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