Business » Asia

Thursday, 20 May 2010

Ecological impact won't dampen palm oil buy

2010-05-20 ANGLO-DUTCH food and cosmetics giant Unilever said yesterday it would continue to get 65 per cent of its total palm oil purchases from Indonesia, despite concerns about deforestation by the industry.The comment came after Unilever suspended future...

IN BRIEF

2010-05-20 Energy crisis threatens Bangladesh growthDHAKA: Bangladesh is on track for strong growth this year but needs to solve its critical energy crisis to prosper in the future, the World Bank said yesterday. Current demand for electricity outstrips supply...

Economic synergy in Muslim world

2010-05-20 Leaders discuss greater cooperation at WIEF LEADERS of the Muslim world yesterday talked about greater cooperation on the economic front to improve chances of reaping the fruits of an economic resurgence. In a keynote speech at the opening of the...

Wednesday, 19 May 2010

China attractive despite falling shares

2010-05-19 CHINESE shares are expected to fall further until tightening policies aimed at the real estate sector are reversed, but valuations are attractive for long-term investors, with the European debt crisis posing little negative impact, CLSA equity...

Japan business mood positive

2010-05-19 JAPAN'S central bank will offer super low-interest loans in an effort to boost development in areas such as green business and tourism, a report said yesterday. The BoJ aims to boost growth in environmental, energy, and tourism-related businesses by...

Flush Asians splash out on luxuries

2010-05-19 THINGS are looking up in the Asia Pacific, a new survey shows, with most consumers saying they're confident about their jobs and the economy in the next six months, which is encouraging them to spend on luxury items.The MasterCard Worldwide Index of...

Moody's warns against Australian mining tax

2010-05-19 AUSTRALIA'S top Treasury official yesterday urged against changes to a planned 40 per cent tax on mining profits, as global ratings agency Moody's warned it could drive major companies away.Treasury secretary Ken Henry said he expected the Resources...

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2010-05-19 Indonesia permits raw sugar importJAKARTA: Indonesia said yesterday it plans to allow state plantation firms to import raw sugar this year, to secure domestic sugar stocks and avoid high prices for the sweetener given an expected shortfall in local...

M'sia to sell US$1b sukuk

2010-05-19 MALAYSIA is to sell around US$1 billion in a global sukuk offering today, its first international debt sale since 2002, two sources familiar with the planned issue said yesterday.The sources said the government was targeting about US$1 billion for...

Japan business mood positive

2010-05-19 JAPANESE manufacturers turned optimistic for the first time in two years in May, a Reuters poll showed, providing further evidence of the economy's continuing recovery led by Asian demand.Manufacturers expect sentiment to improve further over the...

Tuesday, 18 May 2010

S'pore exports jump 29.4%

2010-05-18 SINGAPORE yesterday said that exports rose 29.4 per cent in April from the previous year on strong demand from major trading partners such as the US, China and Hong Kong.The rise in non-oil domestic exports (NODX) beat expectations and was faster...

IN BRIEF

2010-05-18 Samsung to invest US$22.7b in 2010SEOUL: South Korea's Samsung Electronics yesterday said it would invest a record 26 trillion won (US$22.7 billion) this year to cater for a global uptick in demand and to reinforce its market dominance. It said...

Japan's machinery orders up

2010-05-18 JAPAN'S core machinery orders rose in March and manufacturers expect further increases in coming months, suggesting capital spending will keep rising moderately as the economy recovers with the help of Asian demand.Rising commodity prices slowed...

Indicator shows China growth passed peak

2010-05-18 A LEADING Chinese economic indicator showed that growth may have already peaked in the world's third-largest economy, with the stock market falling on investor worries about the government's campaign to rein in property prices.Adding to the...

Nestlé reconsiders palm oil stance

2010-05-18 FOOD giant Nestlé will resume buying palm oil from Indonesian giant Sinar Mas if an independent audit clears the Jakarta-based firm of claims it is devastating rainforest, a Nestle official said yesterday.The world's largest food company dropped...

Australia to open 30 oil exploration sites

2010-05-18 AUSTRALIA yesterday said it would open more than 30 new offshore sites for oil and gas exploration, despite concerns from environmentalists that they could clash with marine sanctuaries.Federal Resources Minister Martin Ferguson said 26 of the 31...

MAS swings to Q1 profit

2010-05-18 MALAYSIA Airlines yesterday said it had made a profit in the first quarter due to compensation received from Airbus and an increase in traffic, but remained cautious on the outlook for the year.The national carrier said net profits stood at RM310...

Monday, 17 May 2010

S'pore: It's time China revalued yuan

2010-05-17 CHINA should allow its currency to rise in order to help tamp down inflation, Singapore's finance minister said in a television interview.Tharman Shanmugaratnam said on CNN's "Fareed Zakaria GPS" that at the height of the financial panic...

S Korea state think tank urges interest rate hike

2010-05-17 SOUTH Korea's top state-run economic think-tank yesterday raised this year's economic growth forecast for the second time in six months and urged the central bank to start normalising its low interest rate policy.The Korea Development Institute (...

M'sia risks lagging global race for medical tourism

2010-05-17 DESPITE its dismal infrastructure and other shortcomings that can turn leisure tourists off, India is fast becoming a major medical tourism destination.As Thailand and Singapore also aggressively vie to get a larger slice of the highly lucrative...

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