Business » Asia

Monday, 13 December 2010

IN BRIEF

2010-12-13 Australia plans reforms to lift bank competitionCANBERRA: Australia's government unveiled reforms to boost bank competition yesterday, allowing lenders to issue covered bonds for the first time and cracking down on interest rate signalling under...

Germany, India eye huge rise in trade

2010-12-13 THE leaders of economic powerhouses Germany and India said Saturday they were confident they could boost bilateral trade by some €7 billion (US$9 billion) in the next two years.Speaking before a meeting in Berlin, German Chancellor Angela...

Saturday, 11 December 2010

KNOC allots US$3B for oil assets

2010-12-11 STATE-RUN Korea National Oil Corp (KNOC) plans to spend between US$2 billion ($2.61 billion) and US$3 billion to add 100,000 barrels per day (bpd) by 2012 and is currently looking at five to six oil assets, its top executive said on Friday.KNOC,...

IN BRIEF

2010-12-11 Gulf bond issuers see opportunity in M'sia DUBAI: Gulf-based banks and companies, struggling to overcome a lack of investor confidence after the Dubai debt crisis, are looking towards Malaysia, the world's biggest Islamic bond market with a vast...

Sinopec buys Occidental's Argentina assets for US$2.5b

2010-12-11 CHINA Petrochemical Corp, parent of Sinopec Corp, agreed to buy all of U.S.-based Occidental Petroleum Corp's oil and gas assets in Argentina for US$2.45 billion ($3.2 billion), its first foray into the upstream market in the Latin America country....

Malaysia to double trade with Korea within 5 years

2010-12-11 BILATERAL trade between Malaysia and South Korea is expected to double within five years from the current US$16 billion ($20.9 billion).Prime Minister Datuk Seri Najib Tun Razak said both countries had agreed to encourage mutual investment,...

Friday, 10 December 2010

IN BRIEF

2010-12-10 S&P raises Thailand's rating outlook to stableBANGKOK: Standard & Poor's raised its outlook on Thailand's sovereign credit rating to stable from negative yesterday, saying the economy and government finances had not suffered too much...

AirAsia X starts Tokyo flights

2010-12-10 MALAYSIAN long-haul budget airline AirAsia X was to launch regular flights between Kuala Lumpur and Tokyo starting yesterday, airport officials said.Its inauguration flight is scheduled to depart from Tokyo's Haneda airport at 11.45pm (1445 GMT)....

Japan Q3 GDP revised up

2010-12-10 JAPAN'S economy grew a revised 1.1 per cent in July-September from the previous quarter, exceeding an initial government estimate, but that offered little comfort to policymakers wary of slowing growth in the current quarter.Despite the upward...

S'pore's GIC ups stake in China investment bank

2010-12-10 THE Government of Singapore Investment Corporation (GIC) yesterday said it has more than doubled its stake in Beijing-based China International Capital Corp (CICC).The state agency increased its holding in the leading Chinese investment bank to more...

Thursday, 9 December 2010

Lawmakers brawl over passage of budget bill

2010-12-09 SOUTH Korea's ruling party pushed next year's budget bill through parliament yesterday, sparking angry protests and scuffles with opposition lawmakers who have demanded deep cuts to a key river project.The National Assembly was plunged into chaos as...

Facebook woos Korean 'chaebol'

2010-12-09 FACEBOOK Inc, the world's largest social networking service operator, is aiming to attract South Korea's business conglomerates to use its service to engage consumers, as the company makes efforts to expand its presence in Asia, South Korea's Yonhap...

Next step in AIG unit's bid expected

2010-12-09 AIG is expected to tell bidders for its Taiwan Nan Shan Life unit next week what the next stage will be in the bidding process, sources close to the situation said on Wednesday.Taiwanese financial firms Cathay Financial, Fubon and Chinatrust and the...

Indonesian cargo ship poised to promote Bimp-Eaga trade

2010-12-09 THE Indonesian ship servicing the Brunei Darussalam-Indonesia-Malaysia-the Philippines-East Asean Growth Area (Bimp-Eaga) Southern Gateway is nearing completion of its first six voyages on the Glan-Tahuna trade route this month. The cargo ship KM...

IN BRIEF

2010-12-09 Master plan stresses investor protectionKUALA LUMPUR: The Second Capital Market Masterplan (CMP 2), to be unveiled by the first quarter of next year, will emphasise investor protection. Securities Commission (SC) Chairman Tan Sri Zarinah Anwar said...

Seair to fly S'pore route

2010-12-09 PHILIPPINE budget carrier South East Air Lines said yesterday it would begin overseas flights next week with a service to Singapore and added that it would introduce more routes in the new year.Seair will launch the service on December 16, flying a...

M'sian mission sees business deals

2010-12-09 AN 11-member delegation of Malaysian companies from the oil and gas sector to Turkmenistan has identified RM937.1 million ($392.3 million) worth of business deals in the Central Asian republic. The delegation was led by the Malaysia External Trade...

Wednesday, 8 December 2010

Asia Q3 property transactions up 14%

2010-12-08 DIRECT commercial property transaction volume in Asia-Pacific reached US$18.2 billion in the third quarter, up 14 per cent from three months earlier, lead by Singapore, Australia and China, Jones Lang LaSalle said.The global real estate services...

Miners, investors puzzle over Indonesia mining rules

2010-12-08 MINERS and bankers will scrutinise the impact of new mining policies on their operation and investment plans in Indonesia at an industry meeting this week, assessing whether recent rules offer solution to old issues such as bureaucracy and...

Pakistan seeks extension of US$11b IMF loan facility

2010-12-08 PAKISTAN plans to seek an extension of an US$11 billion ($14 billion) International Monetary Fund loan programme to win more time to implement the reforms needed to secure the next tranche, a Finance Ministry official said.The IMF's programme,...

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