Business » Asia

Thursday, 28 October 2010

Boost business, investments

2010-10-28 VIETNAMESE Prime Minister Nguyen Tan Dung said here yesterday at the Asean Business and Investment Summit that Asean countries should work together closely to boost efficiency of business and investment activities. The summit is co-organised by...

Brazil's Petrobras weighs Japan refinery upgrade

2010-10-28 BRAZILIAN state-controlled oil major Petrobras is considering reviving a plan to upgrade its Nansei Sekiyu refinery in Japan to step up product exports to China, a company official said on Wednesday.The company is expected to make a decision by the...

Wednesday, 27 October 2010

India aims to expand multi-retail FDI in 2011

2010-10-27 AN INDIAN minister said yesterday he was hopeful Asia's third-largest economy would open up foreign direct investment in the multi-brand retail sector in 2011.Moves to open up the sector are being closely watched by global retail giants such as Wal-...

Protecting Japanese farmers key point in joining TPP

2010-10-27 JAPAN needs to forge more free trade deals for future growth, but must address the impact on its farmers as a condition of joining a US-led Asia-Pacific initiative, a top party official said yesterday.Business lobbies, worried Japan is lagging...

India agrees to stable supply of rare earths for Japan

2010-10-27 TOKYO said Tuesday that India has agreed to provide a stable supply of rare earth minerals to Japan as the high-tech economy looks to diversify sources after a spat with key provider China. India's Prime Minister Manmohan Singh, who wound up his...

IN BRIEF

2010-10-27 Court cancels bail for Satyam founderNEW DELHI: India's Supreme Court yesterday cancelled bail granted to the founder of outsourcing firm Satyam, who is accused of staging the country's biggest corporate fraud. B Ramalinga Raju, the former head of...

Malaysia to act if ringgit becomes 'disorderly'

2010-10-27 MALAYSIA'S central bank will intervene in currency markets if movements in the ringgit become "disorderly", its governor Zeti Akhtar Aziz said yesterday.The ringgit has risen 10.5 per cent against the dollar this year as investors pump...

Japan plans to curb yen rise if needed after G20

2010-10-27 JAPAN'S finance minister warned on Tuesday the government would "act decisively" in markets if needed and expressed Tokyo's irritation with the yen's climb to another 15-year high following the Group of 20 finance chiefs' meeting....

China automaker BYD sees Q3 profit dive

2010-10-27 CHINESE carmaker BYD, backed by US billionaire Warren Buffett, saw its profits plunge 99 percent year on year in the three months to September, a report said Tuesday.The Shenzhen-based company earned 2.43 billion yuan ($473.6 billion) in net profit...

Tuesday, 26 October 2010

S'pore, Oz to form world's largest tradingpowerhouse

2010-10-26 THE Singapore and Australian stock exchanges yesterday announced a multi-billion dollar merger that will create one of the world's largest and most diversified financial trading hubs.Singapore's SGX offered US$8.2 billion ($10.5 billion) to take...

Study on KL-Singapore train before yearend

2010-10-26 A METICULOUS study on the Kuala Lumpur-Singapore high-speed train will be undertaken before the project is recommended to the government for approval, Minister in the Prime Minister's Department, Datuk Seri Idris Jala, said yesterday."By end of...

'M'sia has edge in issuance of multi-currency sukuk'

2010-10-26 MALAYSIA is well-positioned as a multi-currency issuance platform for sukuk given its access to a wide range of players and investors, backed by significant tax incentives, Prime Minister Datuk Seri Najib Tun Razak said yesterday.He said there were...

Pakistan faces double bind in raising revenue

2010-10-26 THE Pakistani government's lack of credibility, both with its own citizens and donor agencies, has placed it in a double bind and hampered efforts to raise critically needed revenue.Pakistanis say the lack of clarity, transparency and accountability...

IN BRIEF

2010-10-26 Japan's trade surplus expands 54% in SeptTOKYO: Japan's trade surplus expanded 54 per cent in September from a year earlier, a 10th consecutive monthly increase, the government said yesterday. The surplus was 797 billion yen ($12.8 billion) in the...

Japan, US to implement 'open skies' deal

2010-10-26 JAPAN and the United States signed an "open skies" deal yesterday to further liberalise commercial aviation and allow more airline alliance cooperation on flights between North America and Asia.Tokyo and Washington agreed the framework in...

Oz: Currency reform 'no panacea' for growth

2010-10-26 AUSTRALIA'S central bank chief yesterday said stronger domestic demand in Asia was needed to help iron out imbalances in the global economy, and tackling ongoing "currency wars" would not be enough.Reserve Bank of Australia chief Glenn...

Monday, 25 October 2010

IN BRIEF

2010-10-25 S.Korea firms' capex growth slowing in '11SEOUL: Growth in local capital investments by major South Korean companies in 2011 is seen slowing from this year as the government plans to abolish tax incentives on investments, a business lobby group...

'ETP set to steer M'sia to greater heights'

2010-10-25 ON MONDAY, Prime Minister Datuk Seri Najib Tun Razak will launch the Economic Transformation Programme: A Road Map for Malaysia.The ETP, says the Malaysian Investors Association, is set to steer Malaysia towards greater heights of economic...

China protecting strategic interests with rare earths policy

2010-10-25 CHINA'S restrictions on exports of rare earths are aimed at maximising profit, strengthening its homegrown high-tech companies and forcing other nations to help sustain global supply, experts say.China last year produced 97 per cent of the global...

Cheap grains for masses: India council

2010-10-25 A COUNCIL headed by India's most powerful politician recommended on Saturday boosting food subsidies, a plan which, if implemented, could widen the budget deficit but secure voter support for the ruling party.The National Advisory Council (NAC)...

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