Business » Asia

Saturday, 3 April 2010

IN BRIEF

2010-04-03 M'sia firm to build Islamic business schoolPETALING JAYA: Johor Corporation (JCorp) is building a RM23 million Islamic business school in Kota Tinggi, Johore. Its President and Chief Executive, Muhammad Ali Hashim, said the business school, Academy...

M'sia Feb exports expand

2010-04-03 MALAYSIA yesterday said its exports, the mainstay of the economy, rose 18.4 per cent year-on-year in February due to stronger demand for electronic goods and commodities.The trade ministry said in a statement shipments rose to RM46.84 billion (US$...

Taiwan's sinking birth rate threatens productivity

2010-04-03 TAIWAN is scrambling to raise its birth rate, among the world's lowest, before the sinking number of newborns threatens productivity for its export-driven US$390 billion economy.Taiwan fears it will lack the manpower or brainpower in 10 to 15 years...

Study equity-based financing, Islamic finance players told

2010-04-03 ISLAMIC finance players should explore opportunities in equity-based financing in making the industry more attractive.Making this call, Bank Negara Malaysia's Deputy Governor Datuk Muhammad Ibrahim said through equity-based financing, industry...

Friday, 2 April 2010

IN BRIEF

2010-04-02 SocGen probes 'anomalies' in S'pore accountPARIS: French bank Societe Generale is investigating "anomalies" found in a client account overseen by one of its private bankers in Singapore, a Paris-based spokesman for the bank said...

Pertamina wants to take over expired oil blocks

2010-04-02 INDONESIA may revise its oil and gas law to give state oil firm Pertamina first right to take over any blocks whose contracts are expiring, members of parliament said yesterday, a move likely to upset foreign players.Pertamina wants to expand its...

'Europe halal market has great potential'KUALA LUMPUR

2010-04-02 THERE is a great potential to further develop the halal markets and industries in European countries, says Malaysian Ambassador to the European Union, Hussein Haniff."The halal industry in Europe is currently valued at about US$66 billion and...

Tokyo unveils Asia's 1st carbon credit scheme

2010-04-02 THE city of Tokyo yesterday launched Asia's first scheme to trade carbon credits, aiming to lead Japan in the battle against greenhouse gas emissions blamed for climate change.The mega-city of 13 million mandated the 1,400 top-polluting factories...

StanChart to hire thousands amid Asia boom

2010-04-02 STANDARD Chartered's consumer bank, which saw a strong start to 2010, is hiring thousands of bankers over the next three to four years to gain market share and take advantage of rising affluence in Asia.UK-based Standard Chartered, which focuses on...

Shanghai gears up for expo tourism surge

2010-04-02 WITH a month to go before the World Expo 2010, China's financial capital Shanghai is looking to seize the limelight with its promises of glitz and glamour for this year's global exhibition.During the past weekend, crowds of locals and tourists...

Thursday, 1 April 2010

Syariah finance lobby launched in Britain

2010-04-01 A GROUP of British Islamic banks and government bodies launched yesterday a lobby group to further the industry's development and push for the issuance of the first UK sovereign Islamic bond.The UK Islamic Finance Secretariat will incorporate...

Taiwan, China talk trade despite protests

2010-04-01 TAIWAN and China held a new round of talks on a contentious trade pact yesterday as protesters wary of the island's closer ties with the mainland scuffled with police and rival demonstrators.A group of about 100 anti-China demonstrators gathered as...

EU urged to act against new iron ore pricing

2010-04-01 EUROPEAN steel industry body Eurofer urged European Union regulators yesterday to prevent unfair competition and excessive pricing of iron ore as it could hamper economic recovery in Europe. Eurofer said market concentration by companies controlling...

IN BRIEF

2010-04-01 Pakistan buys LSFO from Galana PetroleumDUBAI: Middle East-based Galana Petroleum Limited will supply Pakistan with around 1.14 million barrels of low-sulphur fuel oil for delivery between April through June, industry sources said yesterday. Galana...

Tokyo Gas, UK firm LNG deal finalised

2010-04-01 BRITISH gas firm BG Group announced yesterday that it had tied up a contract to sell liquefied natural gas to Tokyo Gas, just a week after doing a similar deal with Chinese state company CNOOC.Under the latest agreement, BG Group is to supply Tokyo...

Iraq awards US$500m drilling contracts

2010-04-01 IRAQ, along with oil major BP Plc and its Chinese partner CNPC have awarded nearly US$500 million worth of new drilling contracts for the giant Rumaila oilfield, a government official said yesterday.Iraq awarded contracts to drill 49 new wells each...

Indonesia to let foreigners own property

2010-04-01 INDONESIA'S investment chief said yesterday he expected foreigners to be allowed to own apartments in Indonesia by the third quarter of this year, giving the country an additional source of foreign capital inflow.The move is likely to draw investors...

Wednesday, 31 March 2010

McDonald's sees 2,000 stores in China by 2013

2010-03-31 MCDONALD'S Corp expects China to be the engine of growth in the Asia Pacific over the next five years and predicts a good first quarter for same-store sales in the Asia, Middle East and Africa region.The firm expects to have more than 2,000 stores...

Malaysia to overhaul racial preferences in dash for growth

2010-03-31 MALAYSIA yesterday unveiled plans for bold economic reforms including an overhaul of racial preferences for majority Malays, in a roadmap to achieve developed-nation status by 2020.Prime Minister Najib Razak, who came to office last year, said the...

Medical costs in Asia rising

2010-03-31 HEALTH experts warned yesterday of soaring medical costs in Asia, especially with more people relying on insurance, and called for regulation to limit abuse by doctors and other healthcare providers. "Medical advances have become a major source...

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