Business » Asia

Thursday, 7 April 2011

WTO warns Australia on mining boom

2011-04-07 AN ASIA-LED resources boom had helped Australia dodge recession but its reliance on mining exports and a rallying currency posed a "major economic challenge", trade officials warned yesterday.The World Trade Organisation said a "...

Wednesday, 6 April 2011

Thai PM sees immense trade potential with India

2011-04-06 THAILAND'S premier yesterday said the southeast Asian kingdom and India should build on commercial ties that have seen bilateral trade increase six-fold over the last 10 years."The trade possibilities are immense," Prime Minister Abhisit...

Vodafone hits out at India in tax row

2011-04-06 PHONE giant Vodafone yesterday asked India's top court to stop the government from demanding penalty payments on a US$2.5-billion tax bill and warned the row could discourage foreign investors.India slapped the disputed US$2.5-billion tax bill last...

Chinese tourists top list of inbound travels to Australia

2011-04-06 CHINESE travellers accounted for the largest group of visitors to Australia for the first time in February, data showed yesterday, with Chinese New Year holidays and students driving the surge.Some 77,000 Chinese touched down in Australia in...

More inclusive financial system needed

2011-04-06 POLICYMAKERS have a critical role and distinct opportunity in these present times to effect significant and positive change in the development of more inclusive financial systems, Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz said...

IN BRIEF

2011-04-06 S'pore launches code of conduct for bankersSINGAPORE: Singapore's private banking industry has launched a new code of conduct to help promote best practices in the city-state's booming wealth management sector.!Citi Indonesia uncovers suspicious...

SGX undecided on whether to drop bid

2011-04-06 AUSTRALIA plans to reject Singapore Exchange Ltd's proposed US$7.8 billion ($10.1 billion) bid for Australia's ASX Ltd on national interest grounds, underscoring the political challenges other major cross-border exchange deals are facing.!The two...

Bangladesh's Yunus loses final appeal against sacking

2011-04-06 BANGLADESH'S Nobel-winning Muhammad Yunus lost a final appeal Tuesday against his sacking from the pioneering microfinance bank he founded and reportedly told his staff it was "time to leave"."The appeal has been dismissed by the...

Tuesday, 5 April 2011

Indonesia calls for set-up of bulk cargo facility for Sabah

2011-04-05 INDONESIA has asked Malaysia to seriously consider establishing a bulk cargo transport facility to boost direct trade between Indonesia and Sabah.In making the call, the Indonesian Consul-General based in Sabah, Rudhito Widagdo, said direct trade...

M'sia to switch to Brent; Brunei, others to follow

2011-04-05 MALAYSIA'S move to drop its crude price benchmark, once a symbol of national pride as the marker for a large chunk of Asia-Pacific oil output, may prompt a similar transition by other regional producers.!Trade sources said state-owned Petronas will...

India's Tata faces panel over telecom licence scam

2011-04-05 TOP Indian tycoon Ratan Tata arrived at India's parliament yesterday to testify before a committee probing a multi-billion-dollar telecom licensing scam that has rocked the government.The chief of the Tata conglomerate was to give oral evidence to...

Qantas to offload ageing Boeing 737s

2011-04-05 AUSTRALIAN carrier Qantas has decided to offload its ageing Boeing 737-400 planes, but the airline insisted yesterday it was part of an overall fleet modernisation and not a "garage sale".News that 21 of its Boeing 737-400s would be on...

IN BRIEF

2011-04-05 Mitsui inks MoU on biogas feasibility study KUALA LUMPUR: Japan's Mitsui & Co yesterday signed a memorandum of understanding with two Malaysian firms to conduct a study on the feasibility of biogas power generation at palm oil mills in the...

Japan biz confidence dives

2011-04-05 JAPANESE business confidence in the outlook for the next three months has plunged following the March 11 earthquake-tsunami and subsequent nuclear crisis, the Bank of Japan said yesterday.The central bank re-released Friday's quarterly tankan survey...

Halal industry contribution to M'sia GDP expands

2011-04-05 THE halal industry is expected to contribute 5.8 per cent to Malaysia's gross domestic product (GDP) by 2020 with the sector estimated to grow at a steady pace of five per cent annually.Halal Industry Development Corp Chief Executive Datuk Seri...

Monday, 4 April 2011

Google profile in China dips

2011-04-04 A YEAR after a public spat with Beijing over censorship, Google Inc says its business with Chinese advertisers is growing even as the Internet giant's share of online searches in China plunges.A major Chinese portal announced last week it would no...

KK industrial park snags RM1.7b in investments

2011-04-04 THE Kota Kinabalu Industrial Park (KKIP) Sdn Bhd has attracted more than RM1.7 billion worth of investments, said Sabah Chief Minister Datuk Seri Musa Aman.The investments include 14 training, research and development institutes, together with 213...

Floods, cyclone to cost Australia US$9.35b

2011-04-04 MASSIVE floods and a cyclone that hit large parts of Australia's eastern coast this year will cost the economy around A$9 billion (US$9.35 billion), with most of that being felt in resources and agricultural production, the government said yesterday...

IN BRIEF

2011-04-04 HTC to pay US$75mfor ADC patentsTAIPEI: Taiwan's leading smartphone maker HTC yesterday said it planned to spend US$75 million buying dozens of patents from a US communications company. The deal will enable HTC to obtain 82 global patents from...

South Korea to widen bullet train network by 2020

2011-04-04 SOUTH Korea will expand and upgrade its bullet train network to cut travel time from the capital to major cities to under an hour and a half and slash greenhouse gas emissions, officials said yesterday.High-speed train services connecting Seoul and...

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