Business » Asia

Wednesday, 25 August 2010

Gates, Buffett to meet China's wealthy

2010-08-25 BILL Gates and Warren Buffett who persuaded 40 US billionaires to donate a fortune to charity will meet a select group of wealthy individuals in China next month, a spokesperson said yesterday.Microsoft mogul Gates and investment guru Buffett...

Japan's finance minister tones up warning against sharp rise of yen

2010-08-25 JAPANESE Finance Minister Yoshihiko Noda said yesterday he was watching currency moves with great interest as recent moves were clearly one-sided, toning up his warning against sharp yen gains, but his remarks were not strong enough to stop the...

'Think Asean', says M'sia trade minister to Asean firms

2010-08-25 MINISTER of International Trade and Industry Datuk Seri Mustapa Mohamed has called on the Asean governments to encourage companies in the region to "think Asean", form joint ventures and increase intra-Asean investment.It is also important...

Indonesia project boosts global forest CO2 market

2010-08-25 AN INDONESIAN project aimed at saving a vast tract of rainforest has past a milestone, seen as a boost in the development of a global market in forest carbon credits.The market under the U.N.-backed scheme reducing emissions from deforestation and...

Bangkok airport in US$2b expansion

2010-08-25 THE Thai government approved a US$2 billion plan yesterday to expand capacity at Bangkok's Suvarnabhumi Airport by 50 per cent with a new passenger terminal, connecting tunnel and parking areas.The 62 billion baht second phase of the four-year-old...

IN BRIEF

2010-08-25 KIC to boost private market investments SEOUL: Korea Investment Corp (KIC), South Korea's $35 billion sovereign wealth fund, plans in the next five years to double the proportion of its funds in private market investments such as distressed...

Carrefour getting out of M'sia

2010-08-25 FRENCH retail giant Carrefour plans to sell its business in Malaysia, a minister said, amid speculation the firm will also offload its Singapore and Thai stores and exit Southeast Asia altogether."We heard that Carrefour is considering...

Tuesday, 24 August 2010

India's Mahindra vows to become global SUV player

2010-08-24 INDIAN carmaker Mahindra and Mahindra said Monday it would use its purchase of South Korea's Ssangyong Motor to become a global player in the sport utility vehicle market.Pawan Goenka, president of Mahindra's automotive and farm sector, said the...

IN BRIEF

2010-08-24 Blackstone signs major China housing deal HONG KONG: US private equity giant Blackstone Group has signed a deal to make its first major investment in China's booming housing market, a report said yesterday. The Financial Times reported that...

IMF to support next Sri Lanka loan tranche COLOMBO

2010-08-24 THE International Monetary Fund said yesterday it would recommend that Sri Lanka receive the next tranche of a US$2.6 billion loan, saying the country's progress on key policy reforms was on track. "Gross reserves have been increasing. (State)...

Asean talks logistics integration

2010-08-24 CHALLENGES and ways of speeding up the integration of the logistics industry among the Asean nations topped the agenda of a seminar in the central city of Da Nang Sunday, Vietnam News Agency (VNA) reported.While opening the event in the run-up to...

False data muddies China property picture

2010-08-24 CHINESE companies in Shanghai have falsified answers in replies to some surveys by the national statistics agency, calling into question the reliability of the country's property market data.The problems, from omitting information to reporting...

Smartphones to drive over 50% of Asian sales by 2015

2010-08-24 SMARTPHONES will make up over half of Asian mobile phone sales by 2015, with 477 million units likely to be sold, an industry report said yesterday.Consultancy Frost and Sullivan said smartphones would account for 54 per cent of the Asia-Pacific...

Shipping sector warns of rising S E Asia piracy

2010-08-24 GLOBAL shipping industry groups warned oil tankers and freight vessels yesterday to take precautionary measures when travelling in the South China Sea after a recent spike in piracy.Armed pirates have attacked at least five vessels, including...

Abu Dhabi bank taps Malaysian market

2010-08-24 ABU Dhabi Commercial Bank priced a RM750 million (US$239.5 million) five-year bond on yesterday, the second bank from the emirate to tap the Malaysian market this year.The issue size was larger than the initial RM500 million plan due to investor...

Potash formally rejects BHP bid, 'exploring' other offers

2010-08-24 CANADA'S Potash Corp, the world's largest fertiliser maker, formally rejected yesterday a hostile takeover from mining giant BHP Billiton worth US$40 billion, adding it was exploring other offers.Potash said in a statement that the bid made by the...

Monday, 23 August 2010

Chinese buyers spend record US$7b in Taiwan

2010-08-23 A CHINESE delegation wrapped up a week-long shopping spree to Taiwan yesterday after securing a record US$7 billion dollars-worth of deals for local products, according to media reports.Contracts were agreed for Taiwanese products ranging from...

Vietnam must rethink growth strategy

2010-08-23 VIETNAM must rethink the growth strategy that propelled it from poverty to the ranks of Asia's fastest-growing economies, analysts say, or risk stagnating.The communist country, which aims to become an industrialised nation by 2020, risks losing out...

US bars Taiwan top execs from leaving

2010-08-23 A LEADING Taiwan flat-screen maker said yesterday its three top executives had been barred from leaving the United States for their alleged role in a price-fixing case.AU Optronics vice-chairman H B Chen, president Chen Lai-juh and board member Hui...

MAS 'more efficient' with new Boeings

2010-08-23 MALAYSIA Airlines (MAS) will be operationally more efficient to handle faster turnaround when it take the delivery of 35 new generation Boeing 737-800 within one year, said Deputy Transport Minister Datuk Abdul Rahim Bakri.He said the first three...

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