Business » Asia

Friday, 6 August 2010

IN BRIEF

2010-08-06 Reliance to buy stake in US shale gas field MUMBAI: India's biggest private firm, Reliance Industries, yesterday said it would pay US$392 million for a majority share in a US shale gas field, the third such move by the firm this year. Reliance...

Taiwan to explore trade deal with S'pore

2010-08-06 TAIWAN yesterday said it would hold talks with Singapore later this year on forging a trade pact, as it tries to build new economic ties with the outside world after a landmark deal with China.The decision to open negotiations with Singapore, a...

Indonesia's GDP beats forecasts, grows 6.2%

2010-08-06 INDONESIA'S economy grew a faster-than-expected 6.2 per cent in the second quarter, picking up pace from the first, and will accelerate to peak in the three months to the end of September, the statistics bureau said yesterday. Indonesia has started...

Thursday, 5 August 2010

Indonesian aviation still risky

2010-08-05 INDONESIAN airlines have made improvements in safety but still have a long way to go to rebuild their reputation, the International Air Transport Association (Iata) said Wednesday. "There have been improvements in the last two years but much...

Japan's automakers recover but challenges remain

2010-08-05 JAPAN'S top automakers reported strong results for the quarter ended June as they reap the benefits of a rebound in global demand, but concerns such as a strong yen cloud their outlook, say analysts.The top three automakers, Toyota, Honda and Nissan...

Thailand expects 10 per cent growth

2010-08-05 PRIME Minister Abhisit Vejjajiva is confident that Thailand's economic growth will chart more than 10 per cent for the first half of this year despite the recent political turmoil. He said the country's high growth in export in the first six months...

Australia online shoppers elude retail data crunchers

2010-08-05 AUSTRALIA'S official economic data is struggling to capture growing online sales as the country's consumers belatedly embrace e-commerce, suggesting that soft retail trade data is missing part of a fast-growing market. If billions of dollars of...

China to crackdown hot money inflows

2010-08-05 CHINA said Wednesday it would step up investigations of cases involving speculative money inflows and punish offenders, suggesting authorities are worried about a surge in the second half. The State Administration of Foreign Exchange will "...

Thai Airways proposes US$620 mshare issue

2010-08-05 STATE-CONTROLLED Thai Airways International Pcl has proposed a 20 billion baht (US$620 million) rights offering to pay off debt, but the Finance Ministry will decide the final amount, a source close to the deal said on Wednesday. The flag carrier...

Asia markets down as dollar tumbles

2010-08-05 THE US dollar hovered around eight-month lows against the yen in Asian trade Wednesday while most regional stocks fell as concerns about the strength of the US recovery hit sentiment. With the dollar so weak there were concerns that the greenback,...

Al Rajhi joins Bursa Suq Al-Sila'

2010-08-05 AL RAJHI Investment and Banking Corporation Malaysia Bhd has been registered as a Commodity Trading Participant (CTP) with Bursa Malaysia Islamic Services (BMIS) to trade on Bursa Suq Al-Sila'. Bursa Malaysia said Al Rajhi's admission of Al Rajhi...

AirAsia defers delivery of seven Airbus A320 to 2015

2010-08-05 AIRASIA Bhd has signed an amendment agreement with Airbus SAS for the revision of the delivery dates of seven Airbus A320 aircraft to 2015 from the original scheduled delivery of 2011. In a filing to Bursa Malaysia, AirAsia said the deferment in the...

IN BRIEF

2010-08-05 Sri Lanka to sell billion-dollar bond COLOMBO: Sri Lanka said Wednesday it would issue a billion-dollar sovereign bond in September to help rebuild infrastructure after the end of a nearly four-decade civil war with Tamil separatists last year. The...

Wednesday, 4 August 2010

General Motors China sales rise 22.2 per cent

2010-08-04 GENERAL Motors said Tuesday its vehicle sales in China had grown 22.2 per cent year-on-year in July, while rival Ford reported a 6.3 per cent decline in monthly sales in the world's biggest auto market. GM and its Chinese joint ventures sold 176,645...

IN BRIEF

2010-08-04 Philippine Airlines tries to lure back pilotsMANILA: Philippine Airlines was on Tuesday desperately trying to lure back pilots who suddenly quit for higher paying jobs abroad in synchronised moves that forced the national carrier to cut flights. The...

Brunei gains importance as Asean Partner for Washington-based business council

2010-08-04 A US organisation charged with promoting trade and business ties with the Asean region, is eyeing the tiny state of Brunei, bordering Malaysia's Sarawak state, as an important economic partner. A first-ever business mission organised under the...

Malaysia's Islamic lender, Muamalat, seeks new syariah financing structures

2010-08-04 ISLAMIC lender Bank Muamalat Malaysia Bhd is studying alternative financing structures such as ijara and musharaka mutanaqisa to reduce its dependence on bai bithaman ajil, its chief executive said yesterday. Once a staple of Malaysia's Islamic...

Indonesia plans fewer rupiah zeroes

2010-08-04 INDONESIA'S central bank said yesterday it is studying plans to redenominate its currency, a move that would simplify many routine daily transactions which typically run into millions of rupiah. Darmin Nasution, central bank governor-designate, said...

Boeing hikes Indian plane purchase forecast by 15%

2010-08-04 BOEING on Wednesday raised by 15 per cent its forecast for Indian commercial plane purchases, saying growing affluence will prompt more middle-class Indians to take to the skies. Over the next two decades, Indian airline companies could buy up to 1,...

Thai auto sales to reach 750,000

2010-08-04 THAILAND'S auto sales are expected to soar 37 per cent this year to 750,000 vehicles, helped by brisk economic growth, Japan's Toyota Motor Corp. predicted yesterday. Toyota alone anticipates record Thai sales of 300,000 vehicles in 2010, the...

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