Business » Asia

Tuesday, 13 July 2010

Asia must brace for possible economic shocks: IMF chief

2010-07-13 ASIAN nations must brace for possible threats to the world's economic recovery but a global double-dip recession is unlikely, the International Monetary Fund chief said yesterday."Policymakers need to remain attuned to negative shocks,"...

Google shares start to look attractive

2010-07-13 GOOGLE Inc's success in keeping a toe in the China market may not put to rest Wall Street's concerns over the search giant's ability to maintain its rocket-like growth momentum of recent years.But Google shares, considered by many to be overvalued...

Monday, 12 July 2010

Interest rate hikes a 'vote of confidence' in Asian growth

2010-07-12 RECENT moves by Asian central banks to raise interest rates are a strong vote of confidence that the region will weather risks stemming from the European debt crisis, analysts say.Since June 24, the central banks of Taiwan, India, Malaysia and South...

Taiwan's leader wants closer ties with China

2010-07-12 TAIWAN'S President Ma Ying-jeou yesterday sent a message to China's President Hu Jintao, calling for closer ties following the historic trade pact signed by the two sides last month.The appeal, condensed into 16 Chinese characters, will be given to...

Google gets China licence

2010-07-12 CHINA'S Ministry of Industry and Information Technology said it had renewed the Chinese operating licence of U.S. Internet giant Google Inc, confirming an announcement made by the company on Friday.Guxiang, a company that operates Google's websites...

AirAsia launches new skies reservation system

2010-07-12 LOW cost carrier, AirAsia, has successfully completed the implementation of its new state-of-the-art reservation system, New Skies, ahead of schedule.The system migration from Open Skies to New Skies, which was expected to be completed at 6pm on...

IN BRIEF

2010-07-12 Satyam eyes World Cup rehabilitationMUMBAI: Nearly 18 months ago, India's Satyam was rocked by a false-accounting scandal that threatened its very existence. But bosses believe the firm's image has been restored — thanks to the World Cup.The...

Philippine tourism goes upscale

2010-07-12 THE Philippines is aiming to double tourism revenues in six years while avoiding the mass-market route taken by some of its Southeast Asian neighbours, the country's new tourism minister told AFP.The archipelago of more than 7,000 islands boasts...

M'sia to focus on new sectors

2010-07-12 AS the global economy develops slowly, the government is undertaking a form of economic transformation by focusing more on new sectors and development of the domestic economy.Second Finance Minister Datuk Seri Ahmad Husni Hanazlah said new sectors...

Saturday, 10 July 2010

IN BRIEF

2010-07-10 Fujitsu sets sights on cloud computingTOKYO: Japan's Fujitsu said Friday it aimed to generate US$17 billion dollars in revenue from its global cloud computing business by March 2016, making it a cornerstone of its strategy. Japan's biggest IT...

Bank of Korea raises interest rates

2010-07-10 THE Bank of Korea raised interest rates on Friday for the first time since the outbreak of the financial crisis and cemented market expectations of more tightening by predicting solid growth and higher inflation ahead.The central bank lifted its...

Toyota chief says China labour trend both good and bad

2010-07-10 TOYOTA Motor Corp President Akio Toyoda said yesterday higher wages among Chinese factory workers would create a new class of consumers, and that the trend therefore had both "good and bad elements ". "The experience of the past 100...

Google gets nod from China

2010-07-10 GOOGLE Inc has been given the green light by Beijing to continue operating its Chinese search page, averting a potential shutdown of its flagship search site in the world's biggest Internet market.Google said last week that it would stop...

Friday, 9 July 2010

Singapore's Temasek says BP stake talk 'speculation'

2010-07-09 SINGAPORE state investor Temasek, whose energy and resources portfolio grew by US$3.6 billion last year, yesterday dismissed talk it had held discussions with BP Plc for a strategic stake.Temasek's comment comes amid speculation that the troubled...

Advertising surges in Asia-Pacific

2010-07-09 ADVERTISING in the Asia-Pacific region surged by almost 20 per cent in the first quarter of 2010, marking the second consecutive quarter of growth, research firm Nielsen says.Driven by strong economic performances and rapidly improving consumer...

Malaysia hikes interest rates

2010-07-09 MALAYSIA'S central bank raised its interest rate by 25 basis points yesterday, its third hike in five months, and signalled rates would be on hold for now as it assesses the health of the global economic recovery.Economists interpreted Bank Negara's...

IN BRIEF

2010-07-09 Proton's contribution significant: investorsKUALA LUMPUR: Despite criticism and a challenging automotive industry, Proton has significantly contributed to the Malaysian economy in the past 25 years of its existence, says Malaysian Investors...

Thursday, 8 July 2010

Muamalat shareholders to take up rights plan

2010-07-08 INDONESIA'S Bank Muamalat, the country's second largest sharia lender, said on Wednesday that its existing shareholders will take up all its 952 billion rupiah ($105.2 million) rights issue that is set to close on Thursday.This is potentially...

Carrefour drops Sinar Mas' APP products

2010-07-08 FRENCH retail giant Carrefour said yesterday it will stop buying certain products from Indonesian paper firm Asia Pulp and Paper (APP), citing concerns over environmental sustainability.The decision came a day after Greenpeace aired fresh...

Asia next in line of fire for US tax police

2010-07-08 AFTER forcing Switzerland's top bank UBS to its knees for helping US residents dodge taxes, US authorities are moving on other banks and countries used to hide clients' cash.Washington inflicted a tough lesson last year on Switzerland by forcing the...

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