Business » Asia

Wednesday, 5 May 2010

China's Huawei seeks India meeting over telcom ban

2010-05-05 CHINESE telecoms maker Huawei Technologies plans to meet senior Indian government officials to persuade them its equipment poses no security threat, a report said yesterday.New Delhi has blocked dozens of deals between Indian mobile phone operators...

Work on Vietnam's third refinery to begin next month

2010-05-05 FOREIGN investors in Vietnam's third oil refinery aim to begin construction next month, an official said yesterday.Britain's Technostar Management Ltd and Russia's Telloil have agreed to start building the Vung Ro facility in June, Nguyen Minh Hoa,...

Renault, Bajaj plan US$2,500 car for India

2010-05-05 A LOW-COST Indian car made by domestic vehicle maker Bajaj Auto and Renault will cost US$2,500, about the same price as the Tata Nano, now the world's cheapest model, a report said yesterday. Bajaj Auto managing director Rajiv Bajaj said his firm...

World to rely on fossil fuel until 2050, says Shell CEO

2010-05-05 THE world will remain heavily reliant on fossil fuels for the next 40 years, Shell's chief executive said yesterday, as a massive US oil spill cast a cloud over the industry.Despite the upsurge in alternative sources, fossil fuels, including oil,...

Malaysia exports surge in March

2010-05-05 MALAYSIA said yesterday that its key exports rose 36.4 per cent in March on the back of to stronger demand for electronic goods.The trade ministry said shipments jumped to RM59.44 billion (US$18.5 billion) while imports were up 45.3 per cent to RM45...

Tuesday, 4 May 2010

ADB says Asia must focus on regional consumers

2010-05-04 ASIAN Development Bank President Haruhiko Kuroda yesterday urged Asia's economies to focus less on exports and more on meeting regional consumer demand, without overlooking environmental concerns.Haruhiko, addressing the opening of the ADB's board...

IN BRIEF

2010-05-04 Temasek to buy 5% stake in India's NSESINGAPORE: Singapore state investor Temasek will buy a five per cent stake in the National Stock Exchange of India (NSE) from NYSE Euronext, its second investment in an Indian firm in less than a month. Temasek...

Asian factory output strong, inflation mounting

2010-05-04 FACTORIES in the Asia-Pacific cranked up production last month, with Australia surging at its fastest pace in eight years, and mounting inflationary pressures pointed to further policy tightening as the economic recovery gathers steam.Output growth...

AirAsia to get new terminal by 2012

2010-05-04 MALAYSIAN budget carrier AirAsia yesterday said it would move to a new low-cost terminal at Kuala Lumpur's international airport by March 2012, a year later than planned.But AirAsia CEO Tony Fernandes said he was "thrilled" with an...

Indonesia consumers wary of food price hike

2010-05-04 INDONESIA'S consumer confidence was little changed in April, a survey by the Danareksa Research Institute (DRI) showed, with those polled saying the economy was improving but that rising food prices remain a concern.The consumer confidence index,...

Monday, 3 May 2010

IN BRIEF

2010-05-03 China dusts off plan for super regulator BEIJING: China is reviving a plan to set up a super regulator to streamline the government's oversight of the financial sector and reduce infighting that has hampered the existing watchdogs, local media...

China raises required bank reserves

2010-05-03 CHINA yesterday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise.The People's Bank of China...

Australia to slap 40% new tax on mining

2010-05-03 AUSTRALIA'S government angered its booming resources sector yesterday by unveiling a new tax on mining projects from July 2012 under a sweeping pre-election tax overhaul which will also boost pension savings for workers.The government will also cut...

S Korea, Japan, China to launch US$700m fund

2010-05-03 SOUTH KOREA, Japan and China yesterday agreed to launch a US$700-million regional credit fund in a bid to help develop Asia's bond markets, Seoul's finance ministry said in a statement.Finance ministers from the three countries agreed on the fund...

Expo giant opportunity for big business

2010-05-03 CHINA'S commercial capital of Shanghai has always been all about business. Nowhere is that more evident than at its World Expo, a giant bazaar of ideas, technologies and outright PR offensives focused on the world's fastest-growing major market.In a...

Foreign investors sink in US$3.8b in Indonesia

2010-05-03 FOREIGN investors staked US$3.8 billion in Indonesia in the first quarter of 2010 thanks to a recovering global economy, the head of Indonesia's investment agency said yesterday.Singaporean investors contributed US$676.8 million of the total, while...

Sunday, 2 May 2010

S'pore to hike employers' pension contribution by 1%

2010-05-02 BOSSES in Singapore will have to pay an additional one per cent of salary to their employees' pension plan to raise the amount of savings available to people in their old age, Prime Minister Lee Hsien Loong yesterday said.He said employers face a 0....

For 1st time, ADB meets in Uzbekistan

2010-05-02 THE Asian Development Bank (ADB) yesterday opened its annual meeting in Uzbekistan, a first for Central Asia and a coup in the ex-Soviet state's drive to be recognised as a regional economic power.Some 3,000 participants including heads of state,...

IN BRIEF

2010-05-02 India's 3G auction licence bids pass US$2bNEW DELHI: Bids for nationwide licences in India's sale of spectrum for superfast third-generation (3G) mobile services have passed the US$2-billion mark, a statement on a government website said yesterday....

ADB plays down Greek impact

2010-05-02 CAPITAL inflows into Asia will not be significantly affected by European debt woes due to the region's high and widening interest rate differentials, the Asian Development Bank's (ADB) chief economist said yesterday.Asia's economies have been...

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