Tuesday, 17 May 2011

China slaps 1st anti-subsidy duties on EU

2011-05-17 CHINA yesterday hit the European Union with its first anti-subsidy duties just days after the EU imposed a five-year increase in duties on imports of Chinese glossy paper in its first challenge to Chinese state subsidies.!The Ministry of Commerce's...

China needs to raise rates to tame inflation

2011-05-17 CHINA needs to raise interest rates further to rein in stubbornly high inflation, and the economy will retain much of its momentum this year despite policy tightening, Li Daokui, an adviser to the People's Bank of China, said yesterday.! "In...

Saab, Spyker announce auto deal in China

2011-05-17 SAAB and its Dutch owner Spyker yesterday announced new rescue funding through a venture with Chinese firm Pang Da Automobile, just days after another Chinese rescue deal collapsed.Spyker described Pang Da as "China's largest publicly traded...

Shell M'sia to invest RM5.1b this year

2011-05-17 SHELL Malaysia will invest RM5.1 billion this year to upgrade and expand its upstream, midstream and downstream operations.Its chairman, Anuar Taib, said one of the projects was the development of the Gumusut field, offshore Sabah.In a statement...

IN BRIEF

2011-05-17 M'sia's MMC plans to list energy, port assetsKUALA LUMPUR: Malaysia's construction group MMC Corp is planning to list the company's energy and port units, with an estimated market capitalisation of up to RM14 billion (US$4.66 billion), local media...

S'pore touts TPP progress

2011-05-17 SINGAPORE'S talks on free trade agreement (FTA) with the European Union (EU) and the nine-member Trans Pacific Partnership Agreement (TPP) are progressing well.Singapore's Trade and Industry Minister Lim Hng Kiang said the city-state was committed...

Monday, 16 May 2011

Taiwan tries 'soft power' to make global mark

2011-05-16 FROM chic styles to cuisine, from cinema to comics, Taiwan is trying to project its soft power across the globe in an effort to step out of China's shadow.The island of 23 million people is forced to keep its endeavour at a modest level, but it is...

Nissan, Renault aim for combined 10m car sales

2011-05-16 NISSAN Motor Co and its alliance partner Renault SA aim for annual auto sales of more than 10 million units in three to five years, the Mainichi newspaper quoted Carlos Ghosn, chief executive of both companies, as saying.!That would be up from 7.3...

India hikes petrol price to offset crude costs

2011-05-16 INDIA'S state-owned fuel firms on Saturday hiked petrol prices by nearly nine per cent to help stem revenue losses from a rise crude prices, a record rise that will fuel stubbornly high inflation.The increase marked the eighth rise in petrol prices...

IN BRIEF

2011-05-16 HK bourse rules for business trust listingsSINGAPORE: Hong Kong Exchanges and Clearing hopes to have the regulatory framework in place to allow business trust listings within the next few months to help level the playing field with Singapore...

'Japan must prove it will open doors to EU goods'

2011-05-16 EUROPEAN Union ministers and officials said on Friday Japan must prove it will open its doors to European goods and companies before the EU will start negotiating a free trade treaty.Spurred by Japan's earthquake, tsunami and nuclear crisis, EU...

Sony restores games service

2011-05-16 SONY said it had begun restoration of its PlayStation Network games service yesterday, almost a month after a massive security breach of the network forced the company to shut it down.!The company had been criticised by gamers and security experts...

Saturday, 14 May 2011

Petronas plans US$20b refinery, petrochem plant

2011-05-14 STATE-RUN Petronas will build a US$20-billion integrated refinery and petrochemicals complex, Malaysia's largest-single investment, that will boost the country's total refining capacity by half as it looks to meet Asian demand for specialty...

Mobile ads most effective marketing tack in Asia

2011-05-14 PERMISSION-BASED mobile advertising has been found the most effective marketing form in Asia as measured in consumer response rates.This finding was released here yesterday by the Mobile Marketing Association and Out There Media, a global leader in...

GM retakes top spot from Toyota

2011-05-14 THE massive quake which knocked Toyota out of the top spot in the first quarter will likely help General Motors regain the global sales crown this year and could even see Toyota overtaken by Volkswagen."It is almost certain that Toyota will...

IN BRIEF

2011-05-14 China warming to yuan appreciation: IMF WASHINGTON: China is increasingly aware that it must allow its currency to appreciate more quickly if it wants to tame inflation, a top International Monetary Fund (IMF) official said Thursday. Anoop Singh,...

Friday, 13 May 2011

IN BRIEF

2011-05-13 SingTel fourth-quarter net profit declinesSINGAPORE: Singapore Telecommunications yesterday said fourth-quarter net profit edged down due to the weak performance of regional associates, and warned investment plans could also hit short-term earnings...

Quake roils Asean car sector

2011-05-13 JUST two months ago, Southeast Asia's auto sector was on track for record sales growth. That's now in question as firms struggle to ramp up output as supplies of essential components remain disrupted by Japan's earthquake.! Analysts say the real...

Japan's Takeda in talks with drug firm Nycomed

2011-05-13 JAPAN'S Takeda Pharmaceutical Co is in talks to buy privately-held Swiss rival Nycomed, which has a signficant presence in Europe and emerging markets, in a deal that could be worth more than ¥1 trillion (US$12 billion), two sources told...

Nissan returns to profit in Q4

2011-05-13 JAPAN'S second-biggest automaker Nissan returned to the black in January-March, despite the impact of a devastating earthquake and tsunami on production, as annual net profit soared more than seven-fold. Nissan President and CEO Carlos Ghosn told...