Business » Asia

Tuesday, 9 March 2010

Indonesia most corrupt of key Asian nations: poll

2010-03-09 INDONESIA, one of the star emerging markets over the past year, was rated the most corrupt of 16 major Asia-Pacific investment destinations in a business survey released yesterday.With corruption rampant at all levels, President Susilo Bambang...

Better for M'sia to join TPP quickly: US envoy

2010-03-09 MALAYSIA stands to gain from joining the Trans Pacific Partnership (TPP) quickly as it will be well-placed to negotiate better deals to boost trade volume and increase market access into the American market, outgoing US Ambassador to Malaysia James...

Pru-AIA deal to spur rivals: Aviva

2010-03-09 THE proposed US$35.5 billion takeover of AIA by Prudential Plc will offer opportunities for rival insurers to increase their market share in Asia, a top official at British insurer Aviva Plc said. "For competitors it does give some...

Toyota to rebut defect claims

2010-03-09 CRISIS-HIT Toyota was preparing a public test yesterday of its technology with the aim of rebutting allegations by a vocal critic that an electronic defect can cause runaway crashes.The Japanese giant, recalling more than eight million cars...

Monday, 8 March 2010

MAS flies high after reforms

2010-03-08 NOT long ago, Malaysia Airlines (MAS) was on life support, forced to sell off its headquarters and firing thousands of staff to avoid bankruptcy, but analysts are now bullish about its prospects.The Malaysian flag carrier sank to its lowest ebb in...

IN BRIEF

2010-03-08 br />Japan minister: Too early to end stimulus TOKYO: It is too early for Japan to end its massive stimulus spending because the world's second biggest economy is still slowly recovering from a severe recession, the finance minister said...

UK's Prudential drawn to Asia's insurance boom

2010-03-08 ASIA'S insurance industry is set to boom thanks to rising incomes, a growing middle class and ageing populations, explaining the allure behind Prudential's costly bid for AIA, analysts said.And cultural biases that have made insurance a taboo...

M'sia, Indonesia to tackle palm oil issues

2010-03-08 SIX bodies representing palm oil producers and exporters from Malaysia and Indonesia have agreed to cooperate to jointly tackle issues related to palm oil, particularly those raised by non-governmental organisations.The effort was formalised under a...

Wider yuan use can hasten Asian integration

2010-03-08 THE wider acceptance of the Chinese renminbi can accelerate the integration of Asian economies, an economist with Citigroup, said here Saturday.Shen Minggao, chief economist for Greater China at Citigroup Inc, said China's renminbi could become one...

Sunday, 7 March 2010

China weighs help to Asean SMEs

2010-03-07 CHINA is considering giving assistance beyond the Free Trade Agreement (FTA) arrangement to small and medium enterprises (SMEs) in some Asean countries to improve their competitiveness."We are prepared to ask industries in the developed...

Days of 'special' yuan policy numbered

2010-03-07 CHINA yesterday flagged it will let the yuan resume its rise at some point as it unwinds the super-loose policies it has been pursuing to prop up the world's third-largest economy.China is under intense pressure from the US and Europe to abandon...

Asean economy to grow 4.5%-6% this year: Surin

2010-03-07 THE Asean region is expected to expand at a 4.5-6.0 per cent pace this year because of sound economic management, said Dr Surin Pitsuwan, the the bloc's secretary-general. "We have saved a lot. We have created enough buffer zone by...

IN BRIEF

2010-03-07 China's Angang Steel fears rising ore pricesBEIJING: The president of China's fourth largest steel producer said on Friday the country was unlikely to get a decent deal for benchmark iron ore prices with foreign miners this year as negotiations heat...

US lawmakers seek more Toyota documents

2010-03-07 KEY US lawmakers looking into Toyota's problems with sudden, deadly spikes in speed asked the company Friday for documents backing up its position that electronic defects were not to blame.Representatives Henry Waxman and Bart Stupak, top Democrats...

Saturday, 6 March 2010

IN BRIEF

2010-03-06 Labuan touts OECD move on white listLABUAN: The white-listing of Labuan International Business and Financial Centre by the OECD, augurs well for the country and Labuan as a whole. Labuan Financial Services Authority Director General, Azizan Abd...

Pru may exit some markets post-AIA buy

2010-03-06 BRITAIN'S Prudential Plc may quit some countries in Asia should it seal a US$35.5 billion buy of American International Group's AIA, sources directly involved with the deal said yesterday, allowing the bulked-up insurer to focus on key markets....

Philippine outages worsen

2010-03-06 POWER shortages in the Philippines worsened yesterday, with the capital hit by rolling outages despite President Gloria Arroyo's efforts to solve the problem.Both Manila and the largely rural southern region of Mindanao were blacked out because of...

China targets 8% growth as it faces 'crucial' year: Wen

2010-03-06 CHINA yesterday predicted another year of rapid expansion in 2010 but pledged to ensure the benefits of economic growth are shared more evenly, as concern mounts over a widening rich-poor divide.In his annual "state of the nation" address...

Universal Studios park set to open

2010-03-06 SOUTHEAST Asia's first Universal Studios movie theme park featuring attractions from films like Jurassic Park and Shrek will open in Singapore on March 18, the operator said yesterday.The park is part of the US$4.4 billion US dollar Resorts World...

Toyota boss braces for 'mountain' of recall work

2010-03-06 TOYOTA'S president swapped his business suit for a worker's uniform yesterday as he sought to reassure workers and urge them to make a fresh start following the automaker's global mass recall crisis."The current problem of quality has yet to be...

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