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Wednesday, 17 February 2010

Toyota to recheck possible defects in throttle system

2010-02-17 TOYOTA MOTOR CORP likely will reexamine its electronic throttle-control system for defects, after claims in the United States that a fault with the system may have caused unintended acceleration of Toyota vehicles.In order to ensure the probe is...

Bharti Airtel in deal to buy Kuwait telco

2010-02-17 Zain eyes big gains after US$10.7b sale, Bharti shares fall furtherKUWAITI telecoms firm Zain said yesterday it would pocket around half of the proceeds from its planned US$10.7 billion ($15b) sale of African assets to Bharti Airtel and use the rest...

Crisis-hit Toyota to idle two US factories

2010-02-17 TOYOTA Motor will temporarily halt production at two US factories after sales were hit hard by a string of safety problems behind the recalls of millions of vehicles, a report yesterday.Toyota will suspend output at its Kentucky plant producing...

India inflation may top 10%: official

2010-02-17 INDIA'S headline inflation may exceed 10 per cent by end-March and the central bank could tighten monetary policy even earlier than an April policy review, a government official said yesterday.The monthly wholesale price index touched a 14-month...

Thai EGCO plans US$1 spending in 5 yrs

2010-02-17 THAILAND'S second-largest private power producer is embarking on an aggressive Southeast Asian acquisition plan, setting aside US$1.1 billion ($1.54b) to boost capacity by 25 per cent over five years, its president said yesterday.The plan by...

IN BRIEF

2010-02-17 S Korea to start drilling for gas hydratesSEOUL: South Korea will start exploratory drilling for gas hydrates off its east coast in April as part of a drive to acquire alternative energy resources, officials said yesterday. The Ministry of Knowledge...

Tuesday, 16 February 2010

Japan economy grows 1.1%, at fastest pace since Q2 2009

2010-02-16 JAPAN'S economy grew faster than expected in the fourth quarter with a stimulus-fuelled rebound in domestic demand and a corporate investment revival masking rising deflationary pressure and the risk of a slowdown in 2010.The government, which has...

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2010-02-16 Philippine presidential hopefuls on taxes MANILA: The front-runner in the Philippines' upcoming presidential elections yesterday said he would not impose new taxes if elected, but two other candidates said the country's weak revenues needed to...

Japan likely to lose global 2nd spot to China this year

2010-02-16 JAPAN has dodged the bullet for now but may lose its status as the world's number two economy to China as early as this year, a prospect that has already stirred much soul-searching.New data yesterday showed that Japan's recession-hit economy...

Thai govt not cutting Thai Air stake soon

2010-02-16 THAILAND'S government has no plans at this point to trim its majority stake in national carrier Thai Airways International, the finance minister yesterday said, but he added such a move was a long-term possibility.Korn Chatikavanij ruled out any...

Toyota chief set to give recall update this week

2010-02-16 TOYOTA Motor said its president would provide an update on the progress of massive recalls at a news conference this Wednesday, as reports said repairs to two hybrid models would soon begin in Japan.Company President Akio Toyoda will report on...

Monday, 15 February 2010

China's economic rise has silver lining for Japan

2010-02-15 CHINA is on the verge of unseating Japan as the world's number two economy, but student Shi Minfei is one reason why Beijing's rapid growth is not all bad news for its deflation-hit neighbour.With Japan's consumers keeping a tight hold on their...

Rio Tinto looking to grow China relationship

2010-02-15 RIO Tinto yesterday said it wanted to grow ties with China despite four employees being charged with bribery and industrial espionage, as rival BHP Billiton looked to the Asian giant to underpin growth.Rio Tinto is increasingly looking to China for...

Recall crisis shows lapses in enforcing 'Toyota Way'TOKYO

2010-02-15 ASSEMBLY lines that run like clockwork. Supplies that arrive just in time. Dedicated workers trained to spot defects, churning out quality cars in the millions. Such are the trademarks of "Toyota Way" manufacturing.That's why the automaker...

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2010-02-15 Nissan can double Mideast market shareABU DHABI: Nissan has the potential to double its market share in the Middle East but needs to offer the consumer smaller and cheaper cars, Renault-Nissan President and Chief Executive Carlos Ghosn yesterday...

Sunday, 14 February 2010

IN BRIEF

2010-02-14 M'sia SMEs get perks under GSTBACHOK: Malaysia's small and medium enterprises (SME) who are expected to pay a four per cent tax on the purchase of raw materials, can reclaim the money upon production, when the goods and services tax (GST) is...

India needs to plan exit from stimulus: IMF

2010-02-14 INDIA'S government must plan an "appropriate" exit from its economic stimulus programme, a top IMF official said Friday, as economic recovery for Asia's third-largest gathered pace.The comments by John Lipsky, the International Monetary...

Toyota suspends Lexus, Sai hybrids outputs

2010-02-14 TOYOTA yesterday suspended production of two hybrid models as it develops a fix for those vehicles' faulty brakes amid massive recalls, a company spokeswoman said.The world's biggest automaker has stopped producing the Sai sedan and the Lexus HS250h...

Australia to China: Don't interfere in iron ore prices

2010-02-14 AUSTRALIA has warned Beijing not to interfere in difficult commercial iron ore price negotiations and urged China to act as a market economy."We've been consistent in this regard. Negotiations are for the market. We will not interfere in the...

Toyota sets recall of 8,000 Tacoma pickup trucks in US

2010-02-14 TOYOTA Motor Corp will recall 8,000 pickups due to possible cracks in a common drive shaft component that Ford Motor Co and Nissan Motor Co Ltd said posed no safety risk to their vehicles.Toyota's decision to recall the 2010 model year Tacoma pickup...

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