Business » Asia

Sunday, 6 June 2010

Asia-Pacific ministers start free-trade talks in Japan

2010-06-06 ASIA-PACIFIC ministers yesterday kicked off a two-day meeting in northern Japan to discuss speeding up trade liberalisation in a region that generates half of the world's economic output.The talks in Hokkaido are the year's first ministerial...

Honda says China labour dispute has been settled

2010-06-06 HONDA Motor Co said a labour dispute at a parts plant that crippled the automaker's production in China has been resolved after a wage increase of 24 per cent, and the affected assembly plants would be running again yesterday.The two-week strike at...

IN BRIEF

2010-06-06 Vietnam Jan-May loans rise 7.46% HANOI: Vietnam's outstanding loans at the end of May rose 7.46 per cent from the end of 2009, the central bank said yesterday, halving from a growth of around 15 per cent in the same period last year. Lending...

Petronas to focus on Malaysian oil fields

2010-06-06 MALAYSIA'S state-owned energy giant Petronas will scale back on foreign drilling and focus its development and extraction efforts closer to home, a report said yesterday.The move comes as Malaysia, Southeast Asia's third-largest economy, strives to...

Geithner to China: Resume yuan reform

2010-06-06 US TREASURY Secretary Timothy Geithner yesterday urged China to let the yuan appreciate as a critical part of its economic reforms.Geithner, speaking after a Group of 20 finance ministers' meeting, said the grouping had discussed "a more...

Taiwan has FTA rights under WTO

2010-06-06 TAIWAN'S economics minister yesterday said that as a World Trade Organisation member, Taiwan has the right to seek free trade deals with many partners, a move China opposes as the two work on a trade pact.The spat between Beijing and Taipei over...

Saturday, 5 June 2010

IN BRIEF

2010-06-05 Oil industry grapples with volatile pricesSINGAPORE: Oil's steep drop of more than US$20 ($28) a barrel over three weeks last month, sparked by European debt woes, underscored market volatility from stocks to commodities and the fragile state of...

Boeing looks to Asia for defence business

2010-06-05 BOEING wants to expand its defence business outside the United States as it moves to compensate for Washington's cuts in defence spending, a leading executive said yesterday.Dennis Muilenburg, president and chief executive of Boeing Defence, Space...

Toyota cuts directors' pay by 11 per cent in fiscal 2009

2010-06-05 TOYOTA said yesterday that its directors had returned part of their wages, or US$2.17 million ($3.04 million), last fiscal year to take responsibility for the previous year's loss, the first in six decades.Their remuneration totalled 1.64 billion...

Agricultural Bank to list China's biggest IPO

2010-06-05 INVESTORS will scour a preliminary prospectus for Agricultural Bank of China's around US$30 billion ($42 billion) initial public offering (IPO), the world's largest, for updates on its book value and bad loans.AgBank's IPO draft documents were...

Seoul sees GDP growth in Q1

2010-06-05 SOUTH KOREA's central bank yesterday revised up economic growth data for the first quarter as the manufacturing sector and capital investment were stronger than earlier estimated.Asia's fourth-largest economy grew by a seasonally adjusted 2.1 per...

Petronas unveils new board in move to re-strategise

2010-06-05 PETROLIAM NASIONAL BHD (Petronas) has unveiled a new restructured board of directors and management committee to enhance its corporate governance.The aim is also to steer the national oil corporation forward into behaving like a Fortune 500 company...

Friday, 4 June 2010

Cambodia to receive US$1.1b aid pledge in 2010

2010-06-04 INTERNATIONAL aid donors led by Japan yesterday promised impoverished Cambodia US$1.1 billion ($1.55 billion) in aid for 2010, more than the government had been expecting, to support a goal of six percent growth in the economy this year.Some donors...

Malaysia wants more tax breaks for green investments

2010-06-04 MALAYSIAN businesses want more tax breaks for green investments, says workspace solutions provider, Regus, in a global survey.The survey found 89 per cent of companies in Malaysia had declared that government tax breaks were required to accelerate...

IN BRIEF

2010-06-04 Philippine holds rates, cuts inflation outlookMANILA: The Philippine central bank held its policy rate at a record low yesterday and unexpectedly cut its inflation forecasts for 2010 and 2011, which analysts said meant any tightening could be later...

Honda to resume China car production

2010-06-04 HONDA Motor said it will resume car output at four plants in China by today but the outlook for next week remains uncertain as some workers at a parts factory have not yet agreed to a full return to work.Japan's No 2 automaker suspended vehicle...

Good to do business in Asean, yet trade barriers remain

2010-06-04 SINGAPORE is the best place in the world to carry out business but significant barriers remain in the rest of the Asean region, a study released in Vietnam yesterday said.The World Economic Forum index ranked 125 countries based on their performance...

Europe debt woes may hurt Japan

2010-06-04 BANK of Japan (BOJ) policy board member Miyako Suda said she was focusing on downside risks to Japan's economy even as it recovers, warning that the market turmoil triggered by Europe's debt woes could hurt growth.Suda, a former economics professor...

Indonesia to nominate cenbank official soon

2010-06-04 INDONESIA'S president is likely to soon nominate Muliaman Hadad, currently a deputy central bank governor, for the number two role of senior deputy at the central bank, a government source said on yesterday.Darmin Nasution, who is currently the...

Thursday, 3 June 2010

Australia to tout controversial mining tax at G20

2010-06-03 AUSTRALIA'S finance minister Wayne Swan Wednesday said he would be touting the potential benefits of the country's controversial new mining tax at this weekend's G20 summit.Swan said he expected keen interest from the world's finance ministers on...

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