Business » Asia

Monday, 25 April 2011

Ministers say trade will help in Japan's quake recovery

2011-04-25 TRADE ministers from Japan, China and South Korea yesterday said ensuring free trade would help reconstruction after the March 11 tsunami as Tokyo stressed its exports were safe despite a nuclear crisis.Japan's Trade Minister Banri Kaieda and his...

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2011-04-25 Chinese inflation to ease in first half: gov't BEIJING: China's inflation will fall slightly in the second half of 2011, but it will be tough to keep the full-year rise in consumer prices below the government's four per cent ceiling, an official...

Vietnam's young market lures investors

2011-04-25 DESPITE Vietnam's persistent economic woes, a record deal this month has shown foreign investors are still lured to the frontier market by its young, growing population and rising disposable incomes.The sealing of the communist country's largest-...

Saturday, 23 April 2011

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2011-04-23 Nestle invests RM115m in new M'sia plant KUALA LUMPUR: Nestle (Malaysia) Bhd is investing RM115 million in its new plant to be built near its existing factory in Chembong, Negeri Sembilan, to extend its production line in Malaysia. Managing...

China demand for fuels to plateau in rest of 2011

2011-04-23 CHINA'S demand for its three main refined fuels diesel, gasoline and kerosene will plateau at first quarter levels for the rest of 2011, China's National Energy Administration (NEA) said yesterday.!It predicted year-on-year growth in demand for...

Toyota says production to return to normal by Dec

2011-04-23 TOYOTA Motor Corp said it could take until the end of the year before production has fully recovered to levels before the massive earthquake and tsunami on March 11 devastated Japan's northeast, disrupting the supply of key parts.!In the clearest...

Samsung counters Apple suit over iPhone, iPad

2011-04-23 SAMSUNG Electronics Co filed patent lawsuits against Apple over the US firm's iPhone and iPad in a tit-for-tat case after Apple claimed Samsung's smartphones and tablets "slavishly" copied its products.!Samsung's counter lawsuit, its...

Friday, 22 April 2011

M'sia to be hub for Islamic finance education

2011-04-22 MALAYSIA is expected to emerge as a hub for Islamic finance and banking education within three to five years backed by support from the government."This year, we have already received 2,000 students locally and globally to undergo Islamic...

Indonesia, Thailand seen to cut roaming fees

2011-04-22 THE reduction in mobile roaming charges may be expanded to Indonesia and Thailand, said Malaysia's Information Communication and Culture Minister Datuk Seri Dr Rais Yatim."So far, only Malaysia and Singapore have signed an agreement to reduce...

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2011-04-22 Petronas gets rights to M'sia-Thailand gas fields KUALA LUMPUR: Petronas yesterday said it had signed a deal that gives the state oil firm rights to a gas field under the Malaysia-Thailand Joint Authority that will help boost Malaysian supplies...

OECD halves Japan growth view

2011-04-22 THE impact of last month's devastating quake-tsunami disaster will slash Japan's economic growth to 0.8 per cent this year, the OECD said yesterday, halving its earlier forecast of 1.7 per cent.But massive government and business investment in...

Thursday, 21 April 2011

Japan quake causes worry at Shanghai auto show

2011-04-21 JAPAN'S earthquake and tsunami disasters have cast a pall over the Shanghai auto show, where industry heavyweights are fretting over just how long the resulting supply disruptions will last.Output from Japanese manufacturers has been cut by more...

China oil giant cuts off oil exports

2011-04-21 CHINESE oil giant Sinopec has stopped exporting oil products to maintain domestic supplies amid disruption concerns caused by Middle East unrest and Japan's earthquake, a report said yesterday.The state-run Xinhua news agency did not say how long...

Softbank head to set up energy foundation

2011-04-21 THE president of Japanese telecom giant Softbank will set up an advisory group on the use of natural energy sources following Japan's nuclear plant crisis, press reports said Wednesday.Masayoshi Son will spend at least one billion yen ($12 million)...

Japan trade surplus dives

2011-04-21 JAPAN'S exports fell for the first time in 16 months and its trade surplus plunged after a record earthquake and tsunami hit production, the finance ministry said yesterday.The country may fall into a trade deficit in the near term amid rising oil...

Five Indian execs arrested in 2G mobile fraud case

2011-04-21 FIVE senior Indian corporate executives accused in an alleged mobile phone licence sales fraud which may have cost the country up to US$40 billion in lost revenue were arrested yesterday.The men were taken into custody after a special court hearing...

M'sia, S'pore to slash mobile roaming fees in landmark deal

2011-04-21 MALAYSIA and Singapore have agreed to slash roaming charges for voice calls and text messaging over the next two years in a landmark accord, regulators said yesterday.The agreement is the first bilateral deal to slash telecom roaming charges in...

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2011-04-21 Younger MAS fleet to be key earnings kickerKUALA LUMPUR: The younger fleet of Malaysia Airlines (MAS) is anticipated to be its key earnings kicker for a turnaround, as the new aircraft offer far superior fuel burn, lower maintenance costs and more...

'M'sia on track to meet challenges of global economy'

2011-04-21 MALAYSIA is on track to meet the challenges of the global economy with its new economic model, said Deputy Finance Minister Datuk Dr Awang Adek Hussin.He was leading the Malaysian delegation to the 2011 World Bank/International Monetary Fund (IMF)...

Wednesday, 20 April 2011

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2011-04-20 Double-digit growth in China for BMWSHANGHAI: German luxury car maker BMW expects double-digit sales growth in China this year as the company expands its distribution network in the world's top car market, an official said Tuesday.BMW board member...

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