Saturday, 18 June 2011

Budget carriers spread wings

2011-06-18 MULTI-BILLION dollar orders for more than 100 new planes this week underscored the difference between the thriving budget airline sector in Asia-Pacific and the gloom-hit global aviation industry.India's GoAir and Cebu Pacific of the Philippines on...

Friday, 17 June 2011

India's GoAir orders 72 new Airbus planes

2011-06-17 INDIAN budget airline GoAir said yesterday it had placed a US$7.2-billion order for 72 new Airbus aircraft as local carriers continue an aircraft shopping spree to meet booming demand on the subcontinent.The order comes on top of a previous US$2.4-...

IN BRIEF

2011-06-17 China jails three for stealing iPad2 infoSHANGHAI: A Chinese court has sentenced three people to prison for stealing commercial secrets regarding Apple Inc's iPad2 from a main supplier in Taiwan. The Shenzhen Bao'an People Court said that the head...

Malaysia's Perodua to export new MyVi model to Indonesia

2011-06-17 THE first shipment of 500 units of the new Myvi model to Indonesia will be made this month, says Perodua managing director Datuk Aminar Rashid Salleh.He said the new improved quality model would serve as a serious test to the company's export...

Cambodian factory probed after mass fainting

2011-06-17 CAMBODIAN police were investigating a garment factory yesterday after dozens of workers fainted and many more became unwell.Around 100 employees at the King Fashion factory in Phnom Penh fell ill on Wednesday and had to receive medical treatment,...

Itochu-Drummond's US$1.5b deal opens Asia to Colombian coal

2011-06-17 JAPAN'S Itochu Corp has teamed up with US Drummond Coal in a US$1.5 billion deal under which it will market Colombian coal in Asia.Drummond had been in a protracted search for a partner in its Colombian mines and transport infrastructure, including...

Thursday, 16 June 2011

KL-Manila air traffic rights to be enhanced

2011-06-16 MALAYSIA will enhance air traffic rights for passenger and cargo services between Kuala Lumpur and Manila.Transport Minister Datuk Seri Kong Cho Ha said following air negotiations with the Philippines, both countries had agreed to enhance third and...

Australia commits to restore Indonesia live cattle exports

2011-06-16 AUSTRALIA said yesterday it was committed to restoring live cattle exports to Indonesia "as soon as possible" but acknowledged there would be a short-term disruption to supplies.Australia has suspended live cattle exports to Indonesia for...

Licence of Aussie rare earth plant in Pahang hangs

2011-06-16 THE Atomic Energy Licensing Board (AELB) will not likely approve the pre-operations licence to Australia's Lynas Corp Ltd's rare earth plant in Pahang if the long-term waste management strategy documents are not submitted to the agency.Construction...

Asia changing world economy

2011-06-16 ASIA'S booming middle class is "fundamentally changing the face of the world economy," Australia's central bank chief said yesterday, sending the local dollar soaring with hints of a rate hike.Reserve Bank governor Glenn Stevens said the...

Singapore labour tightening

2011-06-16 THE competition for talent here is heating up with the island nation reporting unemployment rate at three-year low of 1.9 per cent and with fewer workers laid off in the first quarter of 2011.Randstad, the second largest human resource services...

Prada HK market debut shelved

2011-06-16 MILAN-BASED fashion house Prada SpA has met with limp demand from retail investors for its up to US$2.6 billion Hong Kong IPO with some potential buyers put off by having to pay Italian capital gains tax, brokers said yesterday.!Retail investors are...

IN BRIEF

2011-06-16 Investors slash bets on S'pore dollar, yuan SINGAPORE: Investors cut their long bets on the Singapore dollar in June to the lowest level in a year and trimmed positions in the Chinese yuan to a 10-month low as they reduced exposure to riskier assets...

Asean bourses tap tech firm for link-up

2011-06-16 SOUTHEAST Asia's stock exchanges say they have picked a technology provider to set-up a regional trading network between the bourses, with the aim of enabling cross-border dealing by the first quarter of 2012. !Singapore Exchange, Bursa Malaysia,...

Wednesday, 15 June 2011

S'pore mulls revamp of corporate code

2011-06-15 SINGAPORE proposed a shake-up of its corporate governance codeyesterday, calling for company boards to take a more active role in checking financial statements and forcing more disclosure of management pay. !The city-state's Corporate Governance...

South Korea draws up anti-hacker plan

2011-06-15 SOUTH KOREA said yesterday it was drawing up a cyber security master plan after a wave of hacking attacks against global agencies and companies but some other Asian governments appeared to have no blueprint for tackling the threat.!Indonesia, a...

Indonesia backs new ILO treaty

2011-06-15 INDONESIAN President Susilo Bambang Yudhoyono called yesterday on member states of the International Labour Organization to support a new treaty that offers protection to 52.6 million domestic workers worldwide. "We must support the ILO...

Seoul eyes new LNG supply

2011-06-15 THE world's second-largest LNG importer South Korea may buy gas from North America, Australia and Russia to diversify supply and plans to raise power prices to slow domestic demand growth, the Knowledge Economy Minister Choi Joong-kyung said...

Investment in Malaysia manufacturing up

2011-06-15 INVESTMENTS in Malaysia's manufacturing sector increased to RM47.18 billion last year, with 910 projects approved from the 766 projects worth RM32.64 billion recorded in 2009, says the International Trade and Industry Ministry (MITI).Of the total...

New trading partners eyed

2011-06-15 MALAYSIA is exploring the feasibility of engaging new Free Trade Agreement (FTA) partners particularly in the Middle East, South Asia and the Americas.The International Trade and Industry Ministry said this effort has the potential to expand market...