Business » Asia

Thursday, 1 April 2010

IN BRIEF

2010-04-01 Pakistan buys LSFO from Galana PetroleumDUBAI: Middle East-based Galana Petroleum Limited will supply Pakistan with around 1.14 million barrels of low-sulphur fuel oil for delivery between April through June, industry sources said yesterday. Galana...

Tokyo Gas, UK firm LNG deal finalised

2010-04-01 BRITISH gas firm BG Group announced yesterday that it had tied up a contract to sell liquefied natural gas to Tokyo Gas, just a week after doing a similar deal with Chinese state company CNOOC.Under the latest agreement, BG Group is to supply Tokyo...

Iraq awards US$500m drilling contracts

2010-04-01 IRAQ, along with oil major BP Plc and its Chinese partner CNPC have awarded nearly US$500 million worth of new drilling contracts for the giant Rumaila oilfield, a government official said yesterday.Iraq awarded contracts to drill 49 new wells each...

Indonesia to let foreigners own property

2010-04-01 INDONESIA'S investment chief said yesterday he expected foreigners to be allowed to own apartments in Indonesia by the third quarter of this year, giving the country an additional source of foreign capital inflow.The move is likely to draw investors...

Syariah finance lobby launched in Britain

2010-04-01 A GROUP of British Islamic banks and government bodies launched yesterday a lobby group to further the industry's development and push for the issuance of the first UK sovereign Islamic bond.The UK Islamic Finance Secretariat will incorporate...

Taiwan, China talk trade despite protests

2010-04-01 TAIWAN and China held a new round of talks on a contentious trade pact yesterday as protesters wary of the island's closer ties with the mainland scuffled with police and rival demonstrators.A group of about 100 anti-China demonstrators gathered as...

Wednesday, 31 March 2010

Malaysia to overhaul racial preferences in dash for growth

2010-03-31 MALAYSIA yesterday unveiled plans for bold economic reforms including an overhaul of racial preferences for majority Malays, in a roadmap to achieve developed-nation status by 2020.Prime Minister Najib Razak, who came to office last year, said the...

Medical costs in Asia rising

2010-03-31 HEALTH experts warned yesterday of soaring medical costs in Asia, especially with more people relying on insurance, and called for regulation to limit abuse by doctors and other healthcare providers. "Medical advances have become a major source...

IN BRIEF

2010-03-31 Strike threatens Asian soymeal suppliesSINGAPORE: Asian soymeal buyers, heavily dependent on Argentine supplies this year, could find themselves scrambling for alternatives as a port workers' strike threatens shipments from the world's biggest...

Price change premature: mill

2010-03-31 THE time is not yet ripe for ore miners and steel makers to change the ore pricing system, an executive with China's Valin Iron and Steel Group, said yesterday.Cao Huiquan, president of the mid-sized Chinese steel mill, said ore miners and steel...

Hutchison H2 profit doubles, misses forecasts

2010-03-31 HUTCHISON Whampoa , billionaire Li Ka-shing's ports-to-telecoms flagship company, saw its second-half earnings more than double, but the result lagged expectations, on weak results for its ports and energy divisions.Hutchison, whose businesses...

Malaysia needs to address 'brain drain' problem

2010-03-31 MALAYSIA is losing its skilled talent which it needs to drive future growth as many are leaving to seek better opportunities elsewhere, the National Economic Advisory Council (NEAC) says.Quoting an estimate by the Ministry of Human Resources (MOHR...

BHP, Asian mills agree on new iron ore pricing

2010-03-31 GLOBAL mining giant BHP Billiton yesterday said it would now sell iron ore to most Asian steel mills on a short-term basis, scrapping an annual pricing model that provoked acute tensions with China.The Anglo-Australian company said a "...

Rio Tinto trial thorn in China-Australia ties

2010-03-31 CHINA took aim at Australia yesterday over its criticism of the handling of the corruption trial of four employees of mining giant Rio Tinto, ratcheting up tensions between the two key trading partners."We express serious concern over the Australian...

McDonald's sees 2,000 stores in China by 2013

2010-03-31 MCDONALD'S Corp expects China to be the engine of growth in the Asia Pacific over the next five years and predicts a good first quarter for same-store sales in the Asia, Middle East and Africa region.The firm expects to have more than 2,000 stores...

Tuesday, 30 March 2010

IN BRIEF

2010-03-30 Geely eyes China market to revive VolvoSHANGHAI/HONG KONG: Li Shufu, the plain-spoken chairman of China's Zhejiang Geely Holding Group, faces a long, uphill journey to return Ford Motor's prestigious but loss-making Volvo brand to profitability. But...

China sentences Rio Tinto execs to 7-14 years in jail

2010-03-30 A CHINESE court sent four Rio Tinto employees to jail yesterday for seven to 14 years for taking bribes and stealing commercial secrets, a verdict that Australia called harsh, but not surprising given the evidence.Canberra said the trial would not...

Q&A: Will M'sia's new economic model deliver?

2010-03-30 MALAYSIAN Prime Minister Najib Razak will unveil initial details of a new economic model (NEM) today to boost growth and win back foreign investment in this Southeast Asian country.The model aims to lift the country from a middle-income economy...

Toyota says global sales up 13% in Feb

2010-03-30 CRISIS-HIT Toyota yesterday said that global sales rose 13 per cent year-on-year in February, but analysts warned that the fall-out from recent mass safety recalls would continue to hang over the firm.The Toyota group, which includes brands Daihatsu...

Women more empowered on money matters: poll

2010-03-30 WOMEN across the Asia-Pacific are feeling slightly more empowered in making financial decisions in household spending, according to MasterCard Worldwide.This year, the score of its Index Of Women's Advancement has seen an increase of 1.10 to 85.57...

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