Business » Asia

Sunday, 30 May 2010

IN BRIEF

2010-05-30 AirAsia wins ICT excellence awardAMSTERDAM: Malaysia's low-cost carrier AirAsia won the private sector category of the World Information Technology and Services Alliance (WITSA) ICT Excellence Award in conjunction with the World Congress on...

China speeds plane orders from Boeing

2010-05-30 EXPLOSIVE economic growth in China and massive government investment in its transport systems will generate thousands of aeroplane orders for Boeing Co, but also may expose the company to new competition and an overheated economy.These are risks...

Fortis mulls counter Khazanah bid for Parkway: report

2010-05-30 INDIA'S Fortis Healthcare is considering launching a counter-offer for Singapore-based hospital chain Parkway Holdings and is discussing financing options with Singapore state investment firm GIC, the Economic Times reported yesterday.Malaysian...

Pakistan, Iran sign gas pipeline deal

2010-05-30 PAKISTAN and Iran on Friday signed a "sovereign guarantee" agreement paving the way for the completion of a US$7.5-billion gas pipeline project within the next four years.The 900km pipeline will be between Asalooyeh, in southern Iran, and...

M'sia's Hong Leong Group unveils 5-star Shanghai hotel

2010-05-30 MALAYSIAN conglomerate Hong Leong Group was to launch its five-star hotel in Shanghai yesterday, taking the Guoman hospitality chain to the flourishing Asian market.It is the first of two new properties to be launched under the Guoman brand in Asia...

Saturday, 29 May 2010

Malaysia gov't to consider feedback over subsidy cuts

2010-05-29 MALAYSIA'S Prime Minister Datuk Seri Najib Tun Razak said that the government will take into account the people's feedback before making a decision to reduce or cut subsidies.Stressing that the government has not made any decision on the matter yet...

IN BRIEF

2010-05-29 Shock profit downgrade for Virgin BlueSYDNEY: Virgin Blue's shares dropped 28 per cent yesterday after the budget Australian airline scythed this year's expected earnings, which it announced only three weeks ago, by up to three-quarters. The no-...

Higher sales for Japanese automakers

2010-05-29 JAPAN'S biggest automakers posted major production and sales gains in April, as robust growth in China and elsewhere in Asia continued to fuel demand.Toyota Motor, the world's biggest car manufacturer, said Friday it made 591,109 passenger cars,...

No timetable to restart China output: Honda

2010-05-29 HONDA Motor is still trying to resolve a labour dispute at a China parts plant that led to the closure of all four of its car plants in the country and has no timetable for resuming production, a company spokesman said yesterday.Japan's number two...

Nokia, Sony express concern over China factory

2010-05-29 TECHNOLOGY giants Nokia and Sony yesterday joined a chorus of concern over labour conditions at a vast assembly plant in China after yet another attempted suicide by a worker who slashed his wrists.The companies said they were looking into...

Eurozone crisis looms over Asia

2010-05-29 THE eurozone crisis threatens to increase Asian companies' borrowing costs by halting or even reversing the slide in syndicated loan pricing, bankers at the Asia Pacific Loan Market Association meeting in Beijing said.Volatility is pushing bank...

Friday, 28 May 2010

IN BRIEF

2010-05-28 Sime Darby posts Q3 loss, to miss FY targetKUALA LUMPUR: Malaysia's Sime Darby unveiled its first quarterly loss after huge cost overruns bled its energy unit, heightening worries about the outlook for the state-controlled company that removed its...

Strike halts China's Honda production

2010-05-28 JAPAN'S Honda Motor said yesterday that production at all four of its vehicle manufacturing plants in China had halted after workers at an auto parts factory went on strike.The shutdown was not expected to last long but it was not known when...

Khazanah ups offer in Parkway stake

2010-05-28 MALAYSIAN government wealth fund agency, Khazanah, launched an US$835-million bid for control of Parkway Holdings, potentially pitting it against India's Fortis Healthcare in a battle for Singapore's largest private healthcare provider. The surprise...

Philippine economy bouyant, shows 7.3 per cent growth

2010-05-28 PHILIPPINE President Gloria Arroyo will hand over a booming economy when she steps down next month, her office said yesterday after data showed better-than-expected 7.3 per cent growth in the first quarter.The year-on-year expansion was the...

Report on review of eurozone holdings`baseless': China

2010-05-28 CHINA, the world's largest holder of foreign exchange reserves, denied yesterday a media report saying it was reviewing its holdings of eurozone debt, calling the report "baseless".The Financial Times earlier said China was reviewing its eurozone...

S Korea proposes to double E Asia fund: paper

2010-05-28 SOUTH KOREA plans to propose at least doubling a US$120 billion (about $168 billion) emergency fund launched this year among 13 East Asian countries, a Seoul newspaper reported yesterday quoting government sources.South Korea will make the proposal...

Thursday, 27 May 2010

Asian markets on bargain hunting after heavy losses

2010-05-27 ASIAN stocks recovered yesterday on bargain hunting after huge losses in the previous session, but gains were limited by lingering fears about European debt and tensions on the Korean peninsula. Traders took their cue from Wall Street, where the Dow...

Singapore growing as commodities finance hub

2010-05-27 SOCIETE Generale said on Tuesday Singapore has emerged as a major commodities financing centre in Asia and has even attracted Middle Eastern companies seeking funding. The bank will hire two more traders to make a team of four in the commodities...

Nokia earns top spot in'green' study, Apple fifth

2010-05-27 GREENPEACE panned Nintendo and Toshiba for low environmental standards Wednesday but praised Nokia and Sony Ericsson for recycling, energy efficiency and phasing out hazardous substances. In its quarterly "Guide to Greener Electronics,"...

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