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Saturday, 12 December 2009

Stellar performance by Asia's smartphone makers

2009-12-12 SHARES of major smartphone makers and other suppliers of microchips and touch-sensitive screens in Asia have been stellar performers recently thanks to optimism over sales growth next year.As more feature-jammed smartphones fly off the store shelves...

Nod to Virgin-Delta joint venture

2009-12-12 AUSTRALIAN regulators cleared a joint venture between Virgin Blue and US airline Delta on Pacific flights to the United States, ramping up competition on one of the world's most lucrative routes.The Australian Competition and Consumer Commission (...

Thailand must climb value chain, not devalue

2009-12-12 THAI exporters should improve quality as a way of increasing competitiveness rather than push the authorities to weaken the baht following the devaluation of the Vietnamese dong, central bank chief Tarisa Watanagase said. "For exporters ... a...

IN BRIEF

2009-12-12 Bangladesh eyes Germany exports boostDHAKA: Bangladesh aims to raise its exports to Germany, its second-biggest export destination after the United States, by 12 per cent in the fiscal year to the end of next June, a business lobby leader said...

China soya imports up 15 per cent

2009-12-12 CHINA'S soybean imports rose 15 per cent to 2.89 million tonnes in November, as delays in shipments from the United States slowed shipments.Traders had initially anticipated imports above 3 million tonnes, but wet weather in the United States, the...

China coal demand enlivens Jakarta firms

2009-12-12 INDONESIAN coal producers are scrambling to meet demand from new buyers, as strong Chinese demand for spot cargoes means they have sold all their supplies, producers and traders said yesterday.Thermal coal prices on the globalCOAL Newcastle weekly...

Mobile marketing to boom in 2010

2009-12-12 INDONESIA will see a boom in mobile marketing starting next year, as the tight competition in the cellular phone business forces providers to offer new services that are as creative as possible, an association says.Cellular Phone Provider...

Friday, 11 December 2009

India-M'sia-S'pore cable link announced

2009-12-11 A GLOBAL telephone service provider has announced it will spend US$150 million (RM525 million) to build a new submarine cable system from Chennai in India to Malaysia and Singapore. This is to enhance direct connectivity between India and Asia. The...

CNPC to sell central Asia gas far above local rates

2009-12-11 CHINA National Petroleum Corp (CNPC) will sell imported natural gas from central Asia at up to 3,750 yuan a tonne, or about 3 yuan a cubic metre, to a city gas distributor in southern China in 2011, a rate far above existing domestic prices. Under...

M'sian firm buys Friendster network site

2009-12-11 ONLINE social networking pioneer Friendster has accepted a buyout from Malaysia-based MOL Global, the companies announced yesterday, saying the site would shift into e-commerce.Friendster, which made its debut in 2002, was widely used to share...

IN BRIEF

2009-12-11 Tata plans stake in Indian truck maker NEW DELHI: Tata Motors, India's biggest commercial vehicle maker, is in talks to buy Japanese conglomerate Sumitomo's majority stake in Indian truck and bus maker Swaraj Mazda, a report said yesterday. The...

China plans early settlement of 2010 iron ore contracts

2009-12-11 FALLING iron ore spot prices and shipments into China could signal a push by the world's biggest buyer of the steel-making raw material to position itself for an early settlement to 2010 contract talks.But with the spot market still some 30 per cent...

Thursday, 10 December 2009

Japan Q3 GDP revised down

2009-12-10 JAPAN'S economy grew at a far slower pace in the third quarter than first thought as capital spending fell, but a double-dip recession is seen as unlikely as exports rebound and corporate spending shows signs of bottoming out.Revised figures also...

IN BRIEF

2009-12-10 HSBC set to buy RBS Asia assetsMUMBAI: HSBC is set to buy the retail and small and medium enterprises businesses of Royal Bank of Scotland in India, China and Malaysia, the Mint newspaper reported yesterday, citing an unnamed RBS official in India...

China top investment spot for US firms: study

2009-12-10 CHINA remains a top investment destination for US companies in 2010 amid the global economic slowdown as they expect to see continuous growth in sales and profit, an American Chamber of Commerce (AmCham) study showed.More than 90 per cent of...

Large natural gasfield found offshore China

2009-12-10 CANADA'S Husky Energy Inc yesterday announced it had discovered a significant deepwater gas reserve with its Chinese partner CNOOC, renewing exploration hopes in the South China Sea.Based on preliminary analysis of drilling results, the discovery...

Rice prices set to rise further

2009-12-10 ASIAN rice prices rose this week and looked set to rise further in coming months due to loading demand from the Philippines, exporters yesterday said.The prices of Thailand's benchmark 100 per cent B grade white rice rose about four per cent to...

S'pore seen to grow 5.5% in 2010

2009-12-10 PRIVATE-SECTOR economists in Singapore have tipped an average 5.5 per cent economic growth for the city-state in 2010, beating official forecasts of three to five per cent, the central bank yesterday said.The Monetary Authority of Singapore (MAS)...

Wednesday, 9 December 2009

Asean Infrastructure Fund launch in May

2009-12-09 THE Asean Infrastructure Fund, which will assist infrastructure development in Asean countries, is scheduled to be launched in May, says Second Finance Minister, Ahmad Husni Hanadzlah.He said the fund would be operated by a special purpose vehicle...

Japan sets US$81b stimulus

2009-12-09 JAPAN'S government yesterday agreed on a ¥7.2 trillion (US$81 billion) stimulus package, aiming to prevent the economy from tipping back into recession as deflation persists and a strong yen threatens exports.Economists said the spending, equal...

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