Monday, 1 August 2011

India offers farmers more cash for land sales

2011-08-01 INDIAN farmers could get six times more cash for their properties under a new land acquisition bill aimed at accelerating industrial development in Asia's third-largest economy.The draft bill is seen as key to defusing longstanding tensions over...

Honda to build new plant in Mexico

2011-08-01 JAPAN'S Honda Motor will build a new plant in Mexico to produce cars for the North American market to improve its profitability against a stronger yen and tariffs, a press report said yesterday.Construction on the plant may start next year near...

IN BRIEF

2011-08-01 Najib denies approving Asean-China pipelineKUALA LUMPUR: Malaysian Prime Minister Datuk Seri Najib Tun Razak denied that he had given his consent to a local company to develop an 8,000-km gas pipeline linking the Asean countries to China. "No,...

Bangkok unfazed by property bubble threat

2011-08-01 A 77-STOREY skyscraper is set to become the latest, and tallest, addition to Bangkok's ever-changing skyline, already transformed by a construction boom that has raised fears of a property bubble.Variously described on Internet forums as looking...

Indonesian firms seek M'sian allies

2011-08-01 SEVERAL Indonesian companies have expressed interest to team up with Malaysian companies to penetrate the construction sector of several third countries.Malaysia External Trade Development Corporation (Matrade) Deputy Chief Executive Officer Dr Wong...

Ford bets on Asia for global growth

2011-08-01 FORD Motor Co was slow out of the starting gate in Asia but now the number two US automaker is betting big on the region to drive global growth, says its Asia-Pacific chief.Ford has just announced plans to spend US$1 billion to build a second car...

Saturday, 30 July 2011

Japan's megabanks show mixed earnings

2011-07-30 MIZUHO Financial Group yesterday said that it suffered a 36 per cent drop in net profit in the first quarter to June, as Japan's megabanks reported mixed earnings for the April-June period. Sumitomo Mitsui Financial Group Inc also reported its net...

Temasek's Mapletree buys HK mall for US$2.4b

2011-07-30 CONGLOMERATE Swire Pacific plans to sell a major shopping mall in Hong Kong to Singapore state investor Temasek's Mapletree Investments for HK$18.8 billion (US$2.4 billion) to fund its real estate projects in Hong Kong and China.!For Mapletree, it...

IN BRIEF

2011-07-30 Maybank: No changein view on RHB deal KUALA LUMPUR: Malaysia's top lender Maybank yesterday said there was no change in its views on a merger with rival RHB Capital, after the bank scrapped a plan last month to acquire its smaller competitor....

Mazda deep in red on earthquake damage

2011-07-30 JAPAN'S Mazda Motor yesterday said it plunged to a US$330 million net loss in the three months to June when production and sales were hit by the March 11 earthquake and tsunami.Japan's fifth-largest carmaker by volume said its net loss reached...

S'pore services sector upbeat

2011-07-30 NINETEEN per cent of firms in the services sector in Singapore is optimistic about the business prospects for the period of July-Dec 2011 compared with January-June 2011.The Singapore Statistics Department said this magnitude was slightly larger...

Thursday, 28 July 2011

S&P cuts Malaysia's rating

2011-07-28 STANDARD & Poor's yesterday lowered Malaysia's local currency rating to 'A' from 'A+', a move expected to have little impact on the bond market as it followed changes to the agency's methodology and assumptions for rating sovereign governments.!...

India sees rise in private investments

2011-07-28 PRIVATE equity investment in India is accelerating, as rising borrowing costs and dormant public markets in Asia's third-largest economy push companies to cut deals with buyout firms in return for much-needed cash injections.Unlike developed markets...

Tokyo Metro IPO mulled to help fund Japan rebuilding

2011-07-28 TOKYO Metro Co, which operates a vast subway network stretching across Japan's capital, could be one of the first assets put on the block by the government as it scrambles to raise cash to pay for rebuilding the tsunami-hit northeast.!In the past...

Sun Art Retail raises US$1.06b in debut

2011-07-28 CHINA'S top hypermarket operator Sun Art Retail group soared as much as 47 per cent on its Hong Kong trading debut yesterday, after raising $1.06 billion from its initial public offering.Shares in the retail giant backed by France's Groupe Auchan...

Ascendas unit eyes China assets

2011-07-28 ASCENDAS Real Estate Investment Trust's (A-REIT) Singapore industrial properties will continue to make up the bulk of the portfolio even as it hopes to grow its China assets to about $1 billion (US$831 million) over the next three to five years.!A-...

KL prices sukuk issuance

2011-07-28 SYARIKAT Prasarana Negara Bhd has successfully priced its RM2-billion 10-year and 15-year Islamic medium term notes or sukuk issued yesterday, under its RM4 billion nominal value Sukuk programme guaranteed by the Malaysian government.Arranged in...

IN BRIEF

2011-07-28 Indonesia's Garuda pilots threaten to strikeJAKARTA: Garuda Indonesia pilots have threatened to strike today over a pay dispute with the national carrier, but management said there would be no disruptions to flights. Garuda Pilots Union head...

Wednesday, 27 July 2011

Seoul to overhaul brokerage sector

2011-07-27 SOUTH KOREA unveiled a series of deregulation steps to overhaul its lagging brokerage sector, aiming to eventually foster its own version of Goldman Sachs, as the industry remains one of the least competitive parts powering Asia's fourth-largest...

Indian traders protest against entry of foreign retail chains

2011-07-27 INDIA'S biggest traders' association held a series of demonstrations yesterday against proposals to allow supermarket chains like Wal-Mart and Tesco into the country's retail sector.The Confederation of All India Traders (CAIT) organised protests in...