Business » Asia

Monday, 10 May 2010

IN BRIEF

2010-05-10 SAIC's April auto sales up 34%SHANGHAI: SAIC Motor Corp, China's biggest automaker, sold 33.7 per cent more vehicles in April than a year earlier, as policy incentives continue to bolster automobile demand in the world's largest auto market. SAIC,...

Britain's Prudential in talks over AIG Asia arm

2010-05-10 BRITAIN's Prudential has made progress in make-or-break talks with UK regulators over its acquisition of AIG's Asian arm, and is close to announcing a deal, sources familiar with the matter said.The insurer's proposed US$35.5 billion acquisition of...

China steel mills shift gears after failed iron talks

2010-05-10 CHINESE steel mills are now importing iron ore through monthly and quarterly contracts after the collapse of annual pricing negotiations, the founder and chief executive of China's biggest private mill said yesterday.Without the annual prices,...

Sunday, 9 May 2010

22 sovereign wealth funds in limbo over Greek crisis

2010-05-09 SOVEREIGN risks have risen due to the turmoil in the euro zone, but the woes Greece faces are not the same as in other European nations and the situation can be resolved, the chair of a meeting of sovereign wealth funds said.The group of 22...

IN BRIEF

2010-05-09 Najib: Malaysia's recovery looks promisingBUTTERWORTH: Prime Minister Datuk Seri Najib Tun Razak said Malaysia's economic recovery is promising when compared with other countries. "Economic indicators show that Malaysia's economic situation is...

US transport secretary to press Toyota on Japan trip

2010-05-09 US TRANSPORT Secretary Ray LaHood will visit Toyota's headquarters in Japan next week and deliver a tough message to the auto giant to improve safety, officials said Friday. LaHood will travel Monday to Toyota Motor Corp.'s headquarters in central...

Japan to help Aseancountries build crude oil reserve depot

2010-05-09 JAPAN will discuss with China and South Korea on the construction of a crude oil reserve depot for the Association of Southeast Asian Nations (Asean), to ensure the energy security and maintain stable economic growth rate in the region, Vietnam news...

Malaysia's minister calls for bond market for SMEs

2010-05-09 MINISTER in Malaysia's Prime Minister's Department Nor Mohamed Yakcop has called for the development of an inclusive bond market for small and medium enterprises (SMEs) as the country needs the private sector to contribute towards productivity...

Saturday, 8 May 2010

US wants Malaysia entering Trans-Pacific trade pact

2010-05-08 THE United States said Thursday it was keen for Malaysia to enter negotiations on a Trans-Pacific trade deal after the two countries shelved talks on a bilateral agreement.US Trade Representative Ron Kirk held talks this week with Malaysian Trade...

Yuan move could be postponed by Greek crisis

2010-05-08 THE Greek debt crisis and worries that it could spill over into other European countries might prompt China to move more slowly than expected to let the yuan appreciate, several forex strategists with major banks said yesterday. Markets have...

Indian billionaire Mukesh wins gas ruling

2010-05-08 INDIA's richest man, Mukesh Ambani, scored a win against his estranged brother yesterday when the Supreme Court ruled they must renegotiate a deal over the country's largest gas field, effectively giving the government control over gas prices.The...

Petro Vietnam on US$16.5b oil search

2010-05-08 THE production and exploration arm of state-owned PetroVietnam plans to invest 16.5 billion dollars to search for and produce oil from next year until 2015, the company said Friday.PetroVietnam Exploration Production Corp (PVEP) hopes to sign...

Philippines' Jollibee buys new restaurant in China

2010-05-08 PHILIPPINES' largest fast food company Jollibee Foods Corp has forged an agreement with a company based in the People's Republic of China that will allow the local food giant to acquire a major stake in a beef noodle restaurant.Jollibee told the...

IN BRIEF

2010-05-08 Philippines may sell foreign debt in 2011MANILA: The Philippines may sell US$1-1.5 billion worth of sovereign bonds next year to fund a smaller 2011 budget deficit than this year's shortfall, and another yen bond issue is part of its financing...

Friday, 7 May 2010

Japan's situation is no similar to Greece

2010-05-07 A SENIOR Japanese official rejected comparisons between the country's mounting public debt and the crisis in Greece yesterday but acknowledged long-term concerns for Asia's biggest economy.Japan, after decades of heavy stimulus spending and...

Protest greets Sunrise chiefs in Timor Leste

2010-05-07 PARTNERS in the Sunrise gas field joint venture met East Timorese President Jose Ramos-Horta yesterday after the government angrily rejected plans to process Timor Sea gas on a floating platform.About 100 protesters greeted the delegation led by...

Australia to press on with mining 'super tax'

2010-05-07 AUSTRALIAN Prime Minister Kevin Rudd said yesterday he would not be deterred from imposing a controversial 40 per cent tax on mining profits, accusing resource giants of "scare tactics."The proposed levy on the so-called "super...

Billionaire brothers clash on Indian gas deal

2010-05-07 INDIA's top court will today issue a ruling in a gas-pricing dispute between the billionaire Ambani brothers that has rattled investors and raised concerns over the influence of powerful businesses on government policy.The highly public feud in the...

Indonesia, Malaysia seek EU advice on biofuel rules

2010-05-07 INDONESIA and Malaysia, the world's No 1 and No 2 palm oil producers, are seeking legal advice from the World Trade Organisation (WYO) to ensure that European Union renewable energy rules do not harm palm oil use for biodiesel, ministers said...

IN BRIEF

2010-05-07 M'sia Sime Darby probes energy divisionKUALA LUMPUR: Malaysia's Sime Darby said yesterday it has set up a task force to investigate its energy and utilities division to address "the tough and challenging situation it is currently facing....

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