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Wednesday, 9 December 2009

Exxon, partners okay US$15b LNG project in PNG

2009-12-09 EXXONMOBIL Corp and partners yesterday gave final approval to a US$15 billion liquefied natural gas (LNG) project in Papua New Guinea, adding to the ten of billions of dollars that energy majors are betting on Asia's appetite for gas.The widely...

Tuesday, 8 December 2009

G20 hosts S Korea, Canada work on global recovery

2009-12-08 NEXT year's G20 hosts Canada and South Korea are working closely together on a blueprint for a sustained global economic recovery, Canadian Prime Minister Stephen Harper said yesterday."Economies are showing signs of stabilisation but this...

Japan, US near open skies deal

2009-12-08 THE US and Japanese governments look to sew up an agreement in Washington this week to further open trans-Pacific air service, a crucial deal for American Airlines and an important one for investors looking to capitalise on closer ties between...

China to boost domestic demand, exports: Xinhua

2009-12-08 CHINA'S top leaders yesterday pledged to maintain pro-growth economic policies put in place during the global slowdown and continue a push to make domestic demand a new pillar of the economy.The promise came at the end of a key annual economic...

IN BRIEF

2009-12-08 AirAsia to fly to Seoul, Sydney in 2010SEPANG: AirAsia is in the midst of securing rights to land in Seoul and Sydney by the middle of next year. The budget airline is also spreading its wings in India to 12 new routes in 2010, said its group chief...

Asia to be global growth driver in 2010, says Allianz

2009-12-08 THE economic upswing in the Asian emerging market economies is expected to continue next year, supported by an ongoing stimulus from the fiscal and monetary policy side as well as clear recovery in world trade, insurance and banking giant Allianz...

Japan mulls US$7.8b govt guarantee to JAL

2009-12-08 JAPAN is looking at guaranteeing about US$7.8 billion in funding to Japan Airlines Corp, a government source said yesterday, easing concerns that the carrier could run out of funds and helping send its shares seven per cent higher.The ¥700...

Monday, 7 December 2009

IN BRIEF

2009-12-07 Japan to give JAL loan guarantee: Nikkei TOKYO: Japan's government plans to guarantee about ¥!700 billion (US$7.7 billion) in loans and other funds provided by financial institutions to keep Japan Airlines Corp afloat, the Nikkei business...

Lima good for aerospace, defence players

2009-12-07 THE Langkawi International Maritime and Aerospace Exhibition (Lima) is still a relevant business platform for the aerospace and defence industries.Despite the impact of the global financial crisis still being felt, RM4.7 billion ($1.92 billion)...

BHP, Rio Tinto sign ore deal

2009-12-07 MINING giants BHP Billiton and Rio Tinto said Saturday they had signed a binding agreement on combining their vast iron ore operations in Western Australia, and have submitted the deal to the European Union.In a joint statement, the two firms said...

S'pore-based trader turns global tycoon

2009-12-07 IF YOU are biting into a Mars chocolate bar, munching Planters peanuts or sipping a cup of Nescafe anywhere in the world, chances are Sunny Verghese had a hand in it.Few people outside the food industry have heard of the Singapore-based commodities...

Australia in US$82b LNG deal with Japan power firm

2009-12-07 AUSTRALIA has welcomed a A$90 billion (US$82 billion) deal to supply liquefied natural gas (LNG) to a Japanese power company in what is believed to be the country's biggest export sales contract.Western Australia state Premier Colin Barnett said the...

Sunday, 6 December 2009

IN BRIEF

2009-12-06 China to define economic policies at meetBEIJING: Chinese leaders began a key annual conference yesterday to map out economic policies for next year, Xinhua news agency reported. The Central Economic Work Conference, attended by senior officials...

High Indian food prices may raise inflationary worries

2009-12-06 A PERSISTENT rise in India's food prices may raise broader inflationary expectations and the central bank is looking to strike a balance between supporting growth and taming inflationary worries, a central banker said.Subir Gokarn, deputy governor...

SIA may pull out from KL-Singapore route

2009-12-06 THE emergence of low-cost airlines on the Kuala Lumpur-Singapore route has eroded the market of traditional airlines, with Singapore Airlines (SIA) expected to either reduce its capacity or pull out from the route.An industry source said SIA could...

China investors can trade in Taiwan stocks

2009-12-06 CHINESE investors can buy and sell stocks from Jan 16 in Taiwan, a historical rival of China that has only recently begun opening economic links to the economic powerhouse, local media said yesterday.Qualified domestic institutional investors (QDII...

Canada PM chides China move on canola

2009-12-06 CANADIAN Prime Minister Stephen Harper urged G20 member states on Friday to avoid protectionism, taking aim specifically at China's restrictions on imports of Canadian canola. "Now more than ever, as tentative signs of recovery are emerging,...

US$1.92b worth of deals signed during Lima 2009

2009-12-06 A TOTAL of RM4.7 billion (US$ 1.92 billion) worth of contracts were signed during the Langkawi International Maritime and Aerospace Exhibition (Lima) 2009 as of yesterday.The unofficial value, however, could be at least RM9.5 billion, said Defence...

Saturday, 5 December 2009

IN BRIEF

2009-12-05 Donors pledge over US$8b in aid to Vietnam HANOI: International donors yesterday pledged more than US$8 billion in official development assistance to Vietnam for next year, a surge of more than 60 per cent from pledges for 2009 and the highest on...

Apec should be more inclusive: Rudd

2009-12-05 ASIA-PACIFIC countries need a wider and more inclusive organisation to address economic, trade and security issues facing the region but not a structure like the European Union (EU), says Australia's Prime Minister Kevin Rudd. Foreign delegates and...

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