Business » Asia

Wednesday, 7 April 2010

IN BRIEF

2010-04-07 S Korea orders Toyota to recall 12,984 carsSEOUL: South Korean transportation ministry said yesterday that it has ordered the South Korean unit of Japanese automaker Toyota to recall 12,984 vehicles in the country over defect that could cause...

S'pore, Costa Rica sign FTA

2010-04-07 SINGAPORE said yesterday it has signed a free trade agreement (FTA) with Costa Rica after a year of extensive formal talks between the two sides.Negotiations for the Singapore-Costa Rica Free Trade Agreement (SCRFTA) were concluded in January after...

US keen to invest in 'freer' Indian markets

2010-04-07 US TREASURY Secretary Timothy Geithner met India's prime minister in New Delhi yesterday for talks to boost ties that are often eclipsed by Washington's trade with China.Geithner, beginning a two-day maiden visit as treasury secretary to India, is...

Bangladeshis working abroad hit 4-year low

2010-04-07 THE number of Bangladeshis heading abroad for work hit a four-year low in the past three months as job opportunities in the Middle East and Asia were hit by the global slump, an official said Tuesday.About 100,000 people left to work overseas in the...

Cambodia warns Chevron not to delay oil production

2010-04-07 CAMBODIAN Prime Minister Hun Sen said yesterday he would terminate his country's contract with Chevron if the US energy giant does not begin oil production from offshore fields by late 2012. Following the discovery of oil in 2005, Cambodia was...

Oil stays at US$86

2010-04-07 OIL prices dipped in Asian trade yesterday after surging to near US$87 on demand optimism, analysts said.New York's main contract light sweet crude for May delivery eased five cents to US$86.57 a barrel.Brent North Sea crude for May was down 11...

Tuesday, 6 April 2010

IN BRIEF

2010-04-06 Nissan wants bigger piece of Vietnam martHANOI: Japanese automaker Nissan says it is aiming for a greater share of Vietnam's recovering automotive market when it begins to sell locally-assembled vehicles today. The seven-seat Nissan Grand Livina...

China economist sees 'room for talk' on currency feud

2010-04-06 A CHINESE government economist yesterday said that the US decision to delay a contentious currency report did not mean Beijing will change the value of its currency any time soon.US Treasury Secretary Timothy Geithner on Saturday postponed a report...

Philippines tax collection tops target

2010-04-06 THE Philippines' main tax agency exceeded its collection target last month by 2.6 per cent or 1.4 billion pesos (US$31 million), the head of the agency said yesterday, citing preliminary figures.The performance should put the Bureau of Internal...

Medco to operate Libya oil block

2010-04-06 INDONESIAN energy firm PT Medco Energi International Tbk has become the operator of the Area 47 oil block in Libya, replacing Canadian energy firm Verenex , it said yesterday.Medco has said previously it plans to invest US$1.7 billion between 2010...

Cambodia OKs foreign property ownership

2010-04-06 CAMBODIA'S parliament yesterday approved a law allowing foreign ownership of property such as apartments and office buildings, in a measure intended to increase economic growth.The draft law, which will permit foreigners to buy leaseholds on...

Monday, 5 April 2010

Geithner eyes US investment on India visit

2010-04-05 TIMOTHY Geithner will begin his maiden visit to India as US treasury secretary tomorrow, hoping to improve an economic relationship that is often eclipsed by Washington's trade with China.Geithner will begin his two-day trip in Delhi a city where...

Peace breaks out on S Korea factory floors

2010-04-05 EIGHT months ago, Ssangyong Motor's car plant looked like a war zone as unionists occupying the premises battled riot police with catapults, firebombs and steel pipes.Today the mood is altogether more co-operative, and both sides are seeing the...

US, Japan reps to meet over beef row

2010-04-05 THE US agriculture secretary heads to Japan this week in a renewed attempt to settle a long-running beef trade dispute that has created friction between the close allies.Japan, once the biggest buyer of US beef, stopped the imports after mad cow...

Bumpy road ahead for Asean

2010-04-05 FLAWS in Asean's economic integration plans are being exposed as some members struggle to adapt to a massive free-trade deal with China, and the US and EU opt to pursue pacts with individual states.Grand plans for the establishment of an Asean...

IN BRIEF

2010-04-05 China non-manufacturing PMI rises BEIJING: China's official purchasing managers' index for non-manufacturing sectors jumped to a five-month high at 58.4 in March, the Xinhua news agency said on Saturday, citing officia data. The index, compiled...

Sunday, 4 April 2010

IN BRIEF

2010-04-04 Thousands strike for pay in Vietnam HANOI: Thousands of workers went on strike on Friday at a Taiwanese-owned shoe factory in southern Vietnam, demanding better pay and benefits, state-run newspapers reported. Some hurled shrimp paste sauce and...

US wants to lift chances of yuan rise

2010-04-04 US TREASURY Secretary Timothy Geithner said on Friday the Obama administration wants to "maximise the chances" that China will quickly lift the value of its yuan currency and expressed confidence Beijing would decide doing so was in its...

China to lend Indonesia US$2b for infrastructure

2010-04-04 CHINA has agreed to lend at least US$1.8 billion in soft loans to Indonesia as part of its free trade agreement with the 10-member Association of South East Asian Nations (Asean), a minister yesterday said.The China-Asean Free Trade Agreement, which...

2 jailed Chinese Rio Tinto staff to appeal

2010-04-04 TWO Chinese Rio Tinto employees jailed for stealing trade secrets and pocketing millions in bribes have decided to appeal, their lawyers said yesterday.Wang Yong and Liu Caikui will appeal against their jail terms of 14 and seven years respectively...

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