Business » Asia

Monday, 5 April 2010

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...

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...

Struggling JAL to cut 50 routes

2010-04-04 STRUGGLING Japan Airlines expects to cut about 50 routes including international and domestic flights this financial year in its bid to return to profitability, reports said yesterday.The airline, being restructured with the help of a state-backed...

Saturday, 3 April 2010

Study equity-based financing, Islamic finance players told

2010-04-03 ISLAMIC finance players should explore opportunities in equity-based financing in making the industry more attractive.Making this call, Bank Negara Malaysia's Deputy Governor Datuk Muhammad Ibrahim said through equity-based financing, industry...

IN BRIEF

2010-04-03 M'sia firm to build Islamic business schoolPETALING JAYA: Johor Corporation (JCorp) is building a RM23 million Islamic business school in Kota Tinggi, Johore. Its President and Chief Executive, Muhammad Ali Hashim, said the business school, Academy...

M'sia Feb exports expand

2010-04-03 MALAYSIA yesterday said its exports, the mainstay of the economy, rose 18.4 per cent year-on-year in February due to stronger demand for electronic goods and commodities.The trade ministry said in a statement shipments rose to RM46.84 billion (US$...

Taiwan's sinking birth rate threatens productivity

2010-04-03 TAIWAN is scrambling to raise its birth rate, among the world's lowest, before the sinking number of newborns threatens productivity for its export-driven US$390 billion economy.Taiwan fears it will lack the manpower or brainpower in 10 to 15 years...

Friday, 2 April 2010

StanChart to hire thousands amid Asia boom

2010-04-02 STANDARD Chartered's consumer bank, which saw a strong start to 2010, is hiring thousands of bankers over the next three to four years to gain market share and take advantage of rising affluence in Asia.UK-based Standard Chartered, which focuses on...

Shanghai gears up for expo tourism surge

2010-04-02 WITH a month to go before the World Expo 2010, China's financial capital Shanghai is looking to seize the limelight with its promises of glitz and glamour for this year's global exhibition.During the past weekend, crowds of locals and tourists...

IN BRIEF

2010-04-02 SocGen probes 'anomalies' in S'pore accountPARIS: French bank Societe Generale is investigating "anomalies" found in a client account overseen by one of its private bankers in Singapore, a Paris-based spokesman for the bank said...

Pertamina wants to take over expired oil blocks

2010-04-02 INDONESIA may revise its oil and gas law to give state oil firm Pertamina first right to take over any blocks whose contracts are expiring, members of parliament said yesterday, a move likely to upset foreign players.Pertamina wants to expand its...

'Europe halal market has great potential'KUALA LUMPUR

2010-04-02 THERE is a great potential to further develop the halal markets and industries in European countries, says Malaysian Ambassador to the European Union, Hussein Haniff."The halal industry in Europe is currently valued at about US$66 billion and...

Tokyo unveils Asia's 1st carbon credit scheme

2010-04-02 THE city of Tokyo yesterday launched Asia's first scheme to trade carbon credits, aiming to lead Japan in the battle against greenhouse gas emissions blamed for climate change.The mega-city of 13 million mandated the 1,400 top-polluting factories...

Thursday, 1 April 2010

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...

Pages