Business » Asia

Thursday, 3 June 2010

Sri Lanka slashes duty on cars, luxury goods

2010-06-03 SRI LANKA on Wednesday slashed duties on imports, cars and consumer goods with immediate effect in a bid to boost post-war economic activity.A 15-per cent surcharge on all shipments into the country was lifted while vehicle duties, running at 350...

Hatoyama exit a mixed blessing for Japan's economy: analysts

2010-06-03 JAPAN'S next leader must move quickly to prevent pressing debt and deflation-fighting reforms being delayed by political turmoil following Prime Minister Yukio Hatoyama's resignation, analysts say.Finance Minister Naoto Kan is seen as the...

IN BRIEF

2010-06-03 Indonesia's 2010 export target achievableYOGYAKARTA: Indonesia's 2010 export target of 7.5 to 8 percent increase is achievable, Trade Minister Mari Pangestu told Reuters on Wednesday. Export demand for this year will come from China, South Korea and...

G20 still has to prove itself after promising start

2010-06-03 IF THE Group of 20 were a wine, a connoisseur would say that it has great potential but that a lot depends on how it matures over the years.The old root stock of the Group of Seven industrial nations has been freshened up with fast-growing emerging...

Wednesday, 2 June 2010

China bank adviser says property woes worse than US

2010-06-02 CHINA'S housing market problems are worse than those in the United States before the global downturn as they could stoke public discontent, a central bank adviser has warned.The comments were made before China's State Council, or cabinet, announced...

NZ, Russia agree to work towards free trade deal

2010-06-02 NEW Zealand and Russia have agreed to start working towards negotiating a free trade agreement, Trade Minister Tim Groser said Tuesday.The announcement followed a meeting between Groser and Russia's Minister of Economic Development, Elvira...

Chinese premier to discuss energy, elections in Myanmar

2010-06-02 CHINESE Premier Wen Jiabao arrives in Myanmar this week to discuss trade, security and the military-run country's upcoming elections, in Beijing's highest-level call on its neighbour for nearly a decade.Energy-rich but diplomatically isolated...

China to gain from free trade of yuan

2010-06-02 CHINA would benefit from allowing its currency to be traded more freely, while it could also be an important source of liquidity to help subdue Europe's sovereign debt crisis, Canadian Trade Minister Peter Van Loan said on Tuesday. "China wants to...

Vale: Iron ore prices set by market, not miners

2010-06-02 IRON ore prices are being set by supply and demand in the market, not fixed by producers, said Roger Agnelli, president and chief executive of Brazilian mining giant Vale.Chinese steel mills have complained bitterly about the sharp increase in iron...

PAC to summon Sime Darby, Pos Malaysia to explain losses

2010-06-02 THE Public Accounts Committee (PAC) will call up the management of Sime Darby Sdn Bhd and Pos Malaysia Bhd to explain the losses incurred by the two companies. Its chairman Datuk Seri Mohamed Azmi Khalid said the PAC decided to hold an inquiry on...

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2010-06-02 Japan retail fund inflows drop 55% in MayTOKYO: Japanese retail investors scaled back their interest in new investments trust funds in May, with inflows dropping 55 percent from a month earlier on worries about Europe's debt crisis. Newly launched...

Tuesday, 1 June 2010

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2010-06-01 WTO questions China's export barriers GENEVA: China's curbs on exports of some raw materials to conserve resources may not meet the stated goals while giving Chinese manufacturers an unfair advantage, the World Trade Organisation yesterday said....

AirAsia Q1 earnings up

2010-06-01 MALAYSIAN budget carrier AirAsia Bhd yesterday reported an improved quarterly profit, boosted by a stronger ringgit and the company said it is upbeat about the operating outlook for 2010.Asia's biggest budget airline by fleet size posted a net...

India economy grows 8.6% in March quarter

2010-06-01 INDIA'S economy grew at its fastest in six months in the quarter through March thanks to government and consumer spending, which was roughly in line with expectations and likely to keep the central bank on its path of gradual monetary tightening....

M'sia to keep subsidies for fishermen, farmers

2010-06-01 THE federal government does not propose to remove or reduce the subsidies given to fishermen, farmers and livestock breeders under the 10th Malaysia Plan, Agriculture and Agro-based Industry Minister Datuk Seri Noh Omar said yesterday.He said this...

China warns Europe's debt woes may derail recovery

2010-06-01 CHINA yesterday warned that Europe's struggle to contain ballooning debt posed a risk to global economic growth, raising the spectre of a double-dip recession.Premier Wen Jiabao, addressing business leaders during an official visit to Japan, issued...

Monday, 31 May 2010

S Korea, Japan, China to speed up trade accord

2010-05-31 SOUTH KOREA, Japan and China yesterday agreed to speed up an investment accord and research on a trilateral free trade pact.The announcement came after a summit of South Korean President Lee Myung-Bak, Japanese Prime Minister Yukio Hatoyama and...

Bimp-Eaga seeking to be Southeast Asia 'food basket'

2010-05-31 KEY officials from the public and private sectors of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (Bimp-eaga) met recently to consider efforts to make it Asean's "food basket".The initiative was broached at...

Malaysia to be developed nation by 2020: Najib

2010-05-31 MALAYSIA can be a developed nation by 2020, if the country registers a continuous six per cent annual growth, Prime Minister Najib Razak said."To achieve this goal, we need to enhance economic growth. We must achieve the six per cent annual...

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2010-05-31 Taiwan hopes to boost flights to ChinaTAIPEI: Taiwan's President Ma Ying-jeou yesterday said that "at least 200" more flights were needed each week between the island and the Chinese mainland to meet the growing demand from tourists....

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