Business » Asia

Wednesday, 16 February 2011

HK giant 'conditional' go ahead for S'pore IPO

2011-02-16 HONG Kong conglomerate Hutchison Whampoa, controlled by the city's richest man Li Ka-shing, said it had won "conditional approval" to list its southern China port assets in Singapore.The new listing would include the firm's assets in Hong...

Problems abound for world's No 2

2011-02-16 CHINA'S triumph in overtaking Japan as the world's number two economy masks a worrisome over-reliance on exports and investment, and lagging social development, analysts say.Japan last year lost its 42-year hold on the second spot, according to full...

WTO urges Japan to reform labour market

2011-02-16 THE World Trade Organization yesterday urged Japan to reform its labour market, saying that it needed to boost the number of full-time workers if it is to stimulate domestic demand.The proportion of part-time or temporary workers, who are paid...

Tuesday, 15 February 2011

Japan loses out to China

2011-02-15 JAPAN lost its 42-year ranking as the world's second-biggest economy to China in 2010, with data yesterday showing a contraction in the last quarter due to weak consumer spending and a strong yen.While Japan was expected to fall behind a surging...

Singapore household income up 3.1% in '10

2011-02-15 THE median monthly income of Singapore resident households has increased by 3.1 per cent, from S$4,850 in 2009 to S$5,000 last year.The Singapore Statistics Department said that in real terms today, the increase was 0.3 per cent.In its paper on...

McDonald's serves up McWeddings in HK

2011-02-15 IN THE buzzing financial hub known for its fast living, young Hong Kong couples can now grab love on the run at the city's McDonald's outlets, which are offering a burgeoning new sideline: "McWeddings".On Valentine's Day at a downtown...

Asia bourses run risk of missing merger wave

2011-02-15 ASIA runs the risk of being left behind in the sudden wave of transatlantic stock exchange consolidation, given the tough regulatory regimes, cumbersome ownership structures and protectionist minded governments.The proposed tie-up between NYSE...

AirAsia to see long-term gains from deferring jet orders

2011-02-15 AIRASIA Bhd will see long-term benefit from its decision to defer the delivery of 10 of its A320 to financial year ending Dec 31, 2015 from financial year 2012.The budget airline would be enjoying more efficient aircraft, the A320 new generation in...

Petronas finds new oil fields offshore Sarawak

2011-02-15 MALAYSIA'S state oil firm Petronas yesterday said it has discovered new oil and gas fields through the drilling of NC3 and Spaoh-1 wells in Blocks SK316 and SK306 in offshore Sarawak state. !It said drilling of the NC3 wildcat well and a subsequent...

IN BRIEF

2011-02-15 S'pore to act on property if needed SINGAPORE: Singapore will introduce additional steps to cool its private housing market if necessary, National Development Minister Mah Bow Tan said yesterday. He also described measures introduced on Jan 13...

Drop in Asia rice prices seen

2011-02-15 HIGHER-THAN-EXPECTED rice exports from Vietnam in the first quarter and a plan by the Philippines to import less of the grain could trigger a drop in Asian prices in coming weeks.!Ample supplies from Thailand and Vietnam, the world's biggest rice...

Monday, 14 February 2011

Steel deal sets example for Japan Inc

2011-02-14 THE proposed merger of two Japanese steel giants is a sign of an industry looking to reassert itself and an example to Japan Inc that restructuring is crucial to take on competition, say analysts.Japan's biggest steelmaker Nippon Steel and third-...

Rate rises, graft scandals threaten India growth

2011-02-14 INDIA is set for scorching growth this year but concern is mounting about its longer-term outlook, with the central bank seen hiking interest rates further and corruption scandals worrying investors.The stock market has already dropped some 17 per...

S Korea household debt rises in 2010

2011-02-14 SOUTH KOREA'S household debt, a major economic risk factor, rose sharply last year, raising concerns about an increase in defaults, a private credit appraiser reported yesterday.At the end of December, financial institutions had 722.8 trillion won (...

India's Reliance Group says officials probed over 2G phone scam

2011-02-14 INDIA'S Reliance Group said Saturday police investigators had "examined" several of its officials over alleged irregularities in the awarding of 2008 mobile phone licences. The statement marked the latest development in a widening probe...

M'sia minister upbeat over palm oil deals with Pakistan

2011-02-14 THE recent palm oil mission to Pakistan was highly successful not only in reinforcing Malaysia as a major market for the commodity but also in pushing more local companies to explore joint-ventures in the South Asian nation.Plantation Industries and...

IN BRIEF

2011-02-14 br />Affinity sells stake in S'pore's Jaya Holdings HONG KONG: Affinity Equity Partners has sold its majority stake in Singapore's troubled shipping firm Jaya for S$202.6 million (US$158 million) to a Deutsche Bank-led consortium, a unit of...

Rio targets iron ore on booming demand: CEO

2011-02-14 RIO Tinto Chief Tom Albanese yesterday said Australian iron ore was the firm's top growth priority, with demand set to outstrip supply of the precious steelmaking metal until at least 2013. The Anglo-Australian mining giant revealed an almost...

Saturday, 12 February 2011

Temasek pays telecom penalty

2011-02-12 SINGAPORE state investment firm Temasek Holdings said Friday it had paid a 15-billion rupiah (US$1.7-million) fine imposed for breaching anti-competition laws in Indonesia's telecoms sector.In a statement, Temasek confirmed paying the fine imposed...

IN BRIEF

2011-02-12 Headaches for India PM as telecoms scam ragesNEW DELHI: Indian Prime Minister Manmohan Singh faces more political headaches after the Supreme Court pressed for deeper probes into a multi-billion dollar corruption case and a ruling coalition ally was...

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