Business » Asia

Wednesday, 3 February 2010

IN BRIEF

2010-02-03 Bakrie US$524.3m rights issue approvedJAKARTA: Shareholders of Indonesian plantation firm PT Bakrie Sumatra Plantations have approved a 4.9 trillion rupiah (US$524.3 million) rights issue, a company director said yesterday. Director Ambono...

Lockheed Martin to roll out better bomb

2010-02-03 US DEFENCE giant Lockheed Martin said yesterday it will soon roll out a laser-guided bomb that can strike targets with more accuracy and less collateral damage.Joe Garland, vice president for international business development at Lockheed Martin,...

Oil up in Asian trade

2010-02-03 OIL prices rose in Asian trade yesterday as bullish US manufacturing data combined with gains in Asian equities markets to push the market up, analysts said.New York's main futures contract, light sweet crude for March delivery, broke past the US$75...

S Korea fund to buy stake in UK's Gatwick airport

2010-02-03 SOUTH KOREA's state pension fund, the world's fifth largest, said yesterday it would buy a 12 per cent stake in Britain's Gatwick airport - its second major investment in the country in three months."We have been looking into investment...

Toyota seeing sales hit from recall; costs unknown

2010-02-03 TOYOTA Motor's unprecedented recall of millions of vehicles with faulty accelerators is already taking a toll on its sales and may force it to cut 2010 sales forecasts.Toyota Motor's head of quality said he did not know how much it would cost to...

Chinese mills start iron ore talks with 'big three' miners

2010-02-03 CHINA'S leading steel mills have begun talks in Singapore with the big three global miners on 2010 contract iron ore prices, the China Times newspaper said in a report, but the Australian miners declined to comment.The paper said delegations from...

Tuesday, 2 February 2010

Toyota outlines repairs plan after massive recall

2010-02-02 TOYOTA'S US arm yesterday said it would start fixing a technical glitch in its cars this week after recalling millions of vehicles in a public-relations nightmare for the world's top carmaker.Toyota's US unit said the Japanese company had "...

IN BRIEF

2010-02-02 Exports surge helps Indonesia surplusJAKARTA: A record surge in exports helped Indonesia's trade surplus jump to three billion dollars in December, well above market forecasts, the Central Statistics Agency said yesterday. The surplus rose from US$1...

Singapore to cap foreigners at third of workforce: minister

2010-02-02 SINGAPORE will be less welcoming to low-skilled job seekers from abroad as it seeks to cap the proportion of foreigners in the workforce at current levels of about one-third amid growing unhappiness among its citizens.Singapore depends on foreigners...

Asia is now world's biggest air travel market

2010-02-02 THE Asia-Pacific region has overtaken North America as the world's largest air travel market with 647 million passengers in 2009, the International Air Transport Association (IATA) said yesterday.By contrast, 638 million people flew on commercial...

JAL to take fresh look at Delta, American offers

2010-02-02 BANKRUPT Japan Airlines's new president said he would start from scratch in choosing an overseas partner, as American Airlines tries to fend off strong rival suitor Delta Air LinesThe two US carriers have been courting Japan Airlines with offers of...

China tightens bank lending anew

2010-02-02 CHINA has ordered a further clampdown on excessive bank lending to ensure credit has not illegally entered the stock or property markets as two surveys yesterday showed the mounting challenges faced by policymakers.China made a strong start to the...

Monday, 1 February 2010

IN BRIEF

2010-02-01 China targets smooth growth of loansDAVOS, SWITZERLAND: China's central bank stands ready to take more steps this year to ensure rapid lending growth does not cause the economy to overheat, a senior official told Reuters in an interview on Saturday...

'Japan carmakers must restore reputation'

2010-02-01 JAPANESE media yesterday urged domestic carmakers to restore their reputation for "quality and safety" following Toyota's massive recall of cars worldwide because of faulty accelerator pedals."The 'myth of quality' at a crossroads,...

China can be world engine but don't rush it

2010-02-01 THE world turned its spotlight on attention-shy China at this year's gathering of business chiefs and policymakers, pleading it to lead a global recovery and wave its wand to solve economic imbalances.It got a halfway positive response.China sent...

Afghan geological reserves worth US$1t, says Karzai

2010-02-01 AFGHANISTAN, one of the world's poorest countries, is sitting on mineral and petroleum reserves worth an estimated US$1 trillion, President Hamid Karzai yesterday said.The war-ravaged nation could become one of the richest in the world if helped to...

Sunday, 31 January 2010

IN BRIEF

2010-01-31 China expects auto sales growth to slowBEIJING: China will continue to boost its auto sector in 2010, but expects sales to grow more slowly after overtaking the US as the world's largest auto market last year, state media reported yesterday. The...

Strains in China-US relations deepen

2010-01-31 THE United States' economic relations with China are headed into the rocks, with Beijing's new government procurement policy delivering a major blow, US experts said Friday."I think we're going to see the bilateral economic relations with the...

Toyota chief apologises for massive vehicle recall

2010-01-31 TOYOTA'S president has apologised for the recall of millions of cars around the world due to faulty accelerator pedals, in a setback that has tarnished the Japanese giant's reputation for quality."We're extremely sorry to have made customers...

StanChart hiring Indonesia wealth managers

2010-01-31 STANDARD Chartered Plc plans to hire 100 relationship managers for its onshore wealth management business in Indonesia over the next one or two years, seeing this market as relatively untapped.Wealth from Indonesia, Southeast Asia's largest and...

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