Business » Asia

Monday, 8 February 2010

Open skies, budget travel: Asian airlines soar

2010-02-08 THE boom in low-cost travel and a growing web of open-skies agreements are expected to power long-term growth for Asian airlines after the global recession, industry bosses and analysts said.Participants in the Singapore Airshow which ended...

Prius woes may muffle hybrid buzz

2010-02-08 EMBRACED by Hollywood celebrities and beloved by environmentalists, the Prius has long been the envy of Toyota's rivals, but now its safety woes risk putting the brakes on the success of hybrid cars.The crisis-hit auto giant is a pioneer in fuel-...

China economy will grow 10% in 2010: think tank

2010-02-08 A TOP state-run think tank has forecast that China will return to double digital growth this year, with a 10 per cent rise in gross domestic product, state media reported yesterday.The Centre for Forecasting Science at the Chinese Academy of...

Toyota set to recall Prius cars

2010-02-08 TOYOTA, reeling from car safety woes that have sullied its global reputation, will this week announce the recall of 300,000 of its flagship Prius hybrid because of brake flaws, reports said yesterday.The move by the Japanese auto giant will affect...

Sunday, 7 February 2010

Vietnam tackles US in first WTO case, says media

2010-02-07 VIETNAM has filed its first case over anti-dumping measures under World Trade Organisation rules since joining the body three years ago, official media reported.Vietnam brought the case against anti-dumping tariffs imposed by the United States on...

US slaps anti-dumping duties on China, Taiwan ribbons

2010-02-07 THE United States on Friday slapped preliminary anti-dumping duties ranging up to 231.4 per cent on gift box and other types of narrow woven ribbons from China it said were unfairly priced.The US Commerce Department hit Taiwan, which exports far...

IN BRIEF

2010-02-07 Better growth expected, says MuhyiddinALOR SETAR: Malaysia's economic growth is expected to improve further with signs pointing to a recovery of the global economy, Deputy Prime Minister Muhyiddin Yassin yesterday said. He said among the...

'Look into Kalimantan biz opportunities'

2010-02-07 MALAYSIANS, especially Sabahans, should tap business and investment opportunities in Indonesia's Kalimantan, where development is expected to catch up with Sabah within a few years, former Sabah chief minister Harris Mohd Salleh yesterday said....

Japan confirms 5 new Prius accidents

2010-02-07 JAPAN'S government has confirmed five new accidents involving possible brake malfunction in Toyota Prius hybrids and will urge the troubled carmaker to investigate, national media reported yesterday.The transport ministry has received about 80...

Resourcehouse inks US$60b China coal deal

2010-02-07 AUSTRALIAN miner Resourcehouse yesterday said it had signed a US$60-billion coal deal with energy-hungry China, calling it the country's "biggest-ever export contract".Resourcehouse Chairman Clive Palmer said the firm had negotiated a 20-...

Saturday, 6 February 2010

KDB stumbles in search of new identity

2010-02-06 KOREA Development Bank's (KDB) grand dream of breaking into the league of top global banks seems to have gotten harder to achieve, after its bid for an international foray was scuttled this week. For the second time in less than two years, KDB, one...

Japan mulls cash or 'kaisha' issue

2010-02-06 TOYOTA Motor Corp's mass recall crisis may seem peculiarly its own, but the top carmaker's woes are a cautionary tale for other Japanese companies needing to expand abroad and drive earnings growth.Critics say Toyota, haemorrhaging its reputation...

China needs JVs to assure consumers of quality

2010-02-06 ONCE Li Shufu, head of China's Zhejiang Geely Holding Group, closes the deal to buy Ford Motor's Volvo unit for up to US$2 billion, the sedate, safety-conscious Swedish brand may be in the running to replace the Audi A6 as Chinese state officials'...

Kogas aims to sell 28m tonnes LNG

2010-02-06 SOUTH KOREA's state-run Korea Gas Corp (Kogas) said it aims to sell about 28 million tonnes of liquefied natural gas (LNG) in 2010, compared with 24.6 million tonnes sold last year, a senior company official said at a conference with analysts and...

IN BRIEF

2010-02-06 Crowded skies squeeze budget carriersSINGAPORE: Asian airlines, particularly budget carriers, may be taking off on a high-risk strategy - ordering hundreds of aircraft to offer new routes and more flights, just as growth in low-cost travel is seen...

China to levy duties on US chicken parts

2010-02-06 CHINA will levy heavy anti-dumping duties on US chicken products, its Commerce Ministry said on yesterday, a move likely to aggravate trade relations and antagonise one of the few US industries that profitably exports to China.The ministry's initial...

Friday, 5 February 2010

IN BRIEF

2010-02-05 Sony outlook rosy post-restructuringTOKYO: Sony Corp's first profit in five quarters showed a restructuring at the electronics maker is starting to pay off as it halved its annual loss forecast on a rebound in its flat-TV business and cost cuts....

China dismisses US claim of 'competitive disadvantage'

2010-02-05 CHINA dismissed yesterday US threats it would get tough with Beijing on trade and currency to ensure American goods did not face a competitive disadvantage, saying its yuan currency was at a reasonable level.US President Barack Obama earlier said...

Mainland investments boost Hong Kong tycoons' wealth

2010-02-05 HONG KONG'S tycoons are worth a combined US$135 billion, with many of its wealthiest people boosting their fortunes from investments on the Chinese mainland, Forbes said yesterday. The top 40 richest people added US$53 billion to their combined...

El Nino spell bad news for rice crops

2010-02-05 RICE crops in key producer nations will be damaged by a drier growing season in Southeast Asia this year due to the El Nino weather pattern and rubber cultivation expansion in some countries will be delayed, officials say. Thailand's Meteorological...

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