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Thursday, 8 April 2010

Indonesian leader seeks 'protection' from China trade pact

2010-04-08 INDONESIAN President Susilo Bambang Yudhoyono said yesterday he would seek "protection" for certain local industries that feel threatened by a regional free trade pact with China.Yudhoyono made the comments as he headed to Vietnam for a summit of...

Indian wealth firms eye top talents

2010-04-08 HOMEGROWN wealth managers in India are raising the heat on Western rivals by poaching top talent, as the fight for clients' wallets in the world's second-fastest growing market for millionaires intensifies.While Standard Chartered and other foreign...

IN BRIEF

2010-04-08 Panasonic profits rise on LCD TV salesTOKYO: Panasonic Corp's television business likely generated its first operating profit in six quarters in January-March on strong sales of flat TVs, the Nikkei business daily reported yesterday. Panasonic, the...

E Asia plans economic surveillance unit, local currency usage in trade

2010-04-08 CHINA, Japan, South Korea and the 10 Southeast Asian states will launch an independent surveillance unit next year to monitor their economies for signs of financial stress, Vietnam said yesterday.The launch of the unit is a crucial step in the...

Wednesday, 7 April 2010

S'pore, Costa Rica sign FTA

2010-04-07 SINGAPORE said yesterday it has signed a free trade agreement (FTA) with Costa Rica after a year of extensive formal talks between the two sides.Negotiations for the Singapore-Costa Rica Free Trade Agreement (SCRFTA) were concluded in January after...

US keen to invest in 'freer' Indian markets

2010-04-07 US TREASURY Secretary Timothy Geithner met India's prime minister in New Delhi yesterday for talks to boost ties that are often eclipsed by Washington's trade with China.Geithner, beginning a two-day maiden visit as treasury secretary to India, is...

Bangladeshis working abroad hit 4-year low

2010-04-07 THE number of Bangladeshis heading abroad for work hit a four-year low in the past three months as job opportunities in the Middle East and Asia were hit by the global slump, an official said Tuesday.About 100,000 people left to work overseas in the...

Cambodia warns Chevron not to delay oil production

2010-04-07 CAMBODIAN Prime Minister Hun Sen said yesterday he would terminate his country's contract with Chevron if the US energy giant does not begin oil production from offshore fields by late 2012. Following the discovery of oil in 2005, Cambodia was...

Oil stays at US$86

2010-04-07 OIL prices dipped in Asian trade yesterday after surging to near US$87 on demand optimism, analysts said.New York's main contract light sweet crude for May delivery eased five cents to US$86.57 a barrel.Brent North Sea crude for May was down 11...

Japan will not ease US beef restrictions

2010-04-07 JAPAN said yesterday it has no plans to ease long-standing trade restrictions on US beef imposed over mad cow disease, two days before talks in Tokyo between the two on the issue.US Agriculture Secretary Tom Vilsack was travelling to Japan yesterday...

Asean mulls stimulus measures removal

2010-04-07 SOUTHEAST Asian leaders will consider ways to unwind emergency stimulus policies without jeopardising recovery in the fast-growing region at a summit this week in Hanoi, a draft statement says.But Myanmar, due to hold its first election in two...

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2010-04-07 S Korea orders Toyota to recall 12,984 carsSEOUL: South Korean transportation ministry said yesterday that it has ordered the South Korean unit of Japanese automaker Toyota to recall 12,984 vehicles in the country over defect that could cause...

Tuesday, 6 April 2010

China economist sees 'room for talk' on currency feud

2010-04-06 A CHINESE government economist yesterday said that the US decision to delay a contentious currency report did not mean Beijing will change the value of its currency any time soon.US Treasury Secretary Timothy Geithner on Saturday postponed a report...

Philippines tax collection tops target

2010-04-06 THE Philippines' main tax agency exceeded its collection target last month by 2.6 per cent or 1.4 billion pesos (US$31 million), the head of the agency said yesterday, citing preliminary figures.The performance should put the Bureau of Internal...

Medco to operate Libya oil block

2010-04-06 INDONESIAN energy firm PT Medco Energi International Tbk has become the operator of the Area 47 oil block in Libya, replacing Canadian energy firm Verenex , it said yesterday.Medco has said previously it plans to invest US$1.7 billion between 2010...

Cambodia OKs foreign property ownership

2010-04-06 CAMBODIA'S parliament yesterday approved a law allowing foreign ownership of property such as apartments and office buildings, in a measure intended to increase economic growth.The draft law, which will permit foreigners to buy leaseholds on...

IN BRIEF

2010-04-06 Nissan wants bigger piece of Vietnam martHANOI: Japanese automaker Nissan says it is aiming for a greater share of Vietnam's recovering automotive market when it begins to sell locally-assembled vehicles today. The seven-seat Nissan Grand Livina...

Monday, 5 April 2010

IN BRIEF

2010-04-05 China non-manufacturing PMI rises BEIJING: China's official purchasing managers' index for non-manufacturing sectors jumped to a five-month high at 58.4 in March, the Xinhua news agency said on Saturday, citing officia data. The index, compiled...

Geithner eyes US investment on India visit

2010-04-05 TIMOTHY Geithner will begin his maiden visit to India as US treasury secretary tomorrow, hoping to improve an economic relationship that is often eclipsed by Washington's trade with China.Geithner will begin his two-day trip in Delhi a city where...

Peace breaks out on S Korea factory floors

2010-04-05 EIGHT months ago, Ssangyong Motor's car plant looked like a war zone as unionists occupying the premises battled riot police with catapults, firebombs and steel pipes.Today the mood is altogether more co-operative, and both sides are seeing the...

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