Saturday, 9 July 2011

Indonesia to resume Aussie cattle imports

2011-07-09 INDONESIA will import 180,000 cattle from Australia in the third quarter following Canberra's lifting of a ban on livestock exports, an Indonesian economic minister said yesterday.Coordinating minister for economics Hatta Rajasa said after meeting...

Friday, 8 July 2011

IN BRIEF

2011-07-08 China may cut spending on strategic industries BEIJING: China may rein in plans to invest heavily in seven new strategic industries, including high speed rail and wind power, scaling back cutting-edge projects for industries suffering from old-...

Oz regulators seek to ground Tiger until Aug

2011-07-08 THE future of budget airline Tiger Airways Australia was in serious doubt yesterday after regulators applied to keep it grounded until August, although the carrier insisted it would fly again.Tiger was last Saturday barred from operating domestic...

ADB unveils US$500m aid plan for Cambodia

2011-07-08 THE Asian Development Bank (ADB) yesterday said it will invest around US$500 million in Cambodia over the next three years to reduce poverty, mainly through infrastructure and agriculture projects.The soft loan forms part of a new "country...

Temasek profit more than doubles

2011-07-08 SINGAPORE'S state-linked investment firm Temasek Holdings yesterday said its net profit more than doubled in the year to March while the value of its global investments hit a record high.Net profit for the year ended March 31 totalled S$13 billion,...

Malaysia top sukuk issuer

2011-07-08 MALAYSIA remains the largest issuer of domestic sukuk at 72 per cent by value with the balance split between a number of other issuers such as Sudan, Saudi Arabia, the United Arab Emirates (UAE), Bahrain, Brunei, Pakistan and Indonesia.However, for...

Thursday, 7 July 2011

Asean trade ministers to meet Japanese businessmen in KL

2011-07-07 TRADE ministers from Asean and Japan will meet members of the Federation of Japanese Chambers of Commerce and Industry in Asean (FJCCIA) here in conjunction with the chamber's two-day annual dialogue from July 8.They are expected to deliberate on...

Petrovietnam to run 5 new oilfields in H2

2011-07-07 STATE oil and gas Petrovietnam group will start production at four new domestic and overseas oilfields and bring additional oil from an expanded project at the Dai Hung field in the second half of this year, state-run newspapers reported yesterday.!...

Temasek pares down stakes in China banks

2011-07-07 SINGAPORE state investor Temasek Holdings sold stakes in two of China's biggest banks yesterday to raise US$3.6 billion, piling more pressure on mainland lenders amid concerns about rising bad debts.!The sale of stakes in Bank of China and China...

Thailand Inc fears wage hikes

2011-07-07 THAILAND'S central bank yesterday expressed concern over inflation, as business leaders fear a wage-price spiral if the newly elected government goes ahead with billions of dollars in spending.!Prime Minister-elect Yingluck Shinawatra (pictured) won...

Australia lifts cattle ban on Indonesia

2011-07-07 AUSTRALIA'S government removed a month-long ban on live cattle exports to neighbouring Indonesia yesterday, saying it was satisfied the A$320 million trade could resume after a furore over mistreatment of livestock.!The minority government has been...

Grounded carrier stops selling tickets

2011-07-07 GROUNDED Australian budget carrier Tiger Airways stopped selling tickets yesterday after the airline came under pressure from the consumer regulator over its ability to deliver flights.Australian Competition and Consumer Commission (ACCC) chief...

IN BRIEF

2011-07-07 Lafarge allowed to resume mining in India NEW DELHI: India's Supreme Court on Tuesday gave French cement giant Lafarge permission to resume mining limestone in the country's mineral-rich northeast, rejecting environmental opposition. The court...

AirAsia to order 100 more planes after Paris Air Show spree

2011-07-07 AIRASIA Bhd will buy an extra 100 Airbus A320neo jets, taking its record-breaking order to 300 planes, a source said, a deal that would make the Malaysia-based low-cost airline one of the world's largest carriers.!AirAsia and Airbus announced a US$...

Wednesday, 6 July 2011

Firms selected to mine Mongolian coal

2011-07-06 MONGOLIA has said US mining giant Peabody Energy, China's Shenhua and a Russian-led consortium have been selected to develop the prized Tavan Tolgoi coal deposit, one of the largest in the world.Authorities in the mineral-rich but undeveloped...

Oz farmers hit by export ban to shoot cattle

2011-07-06 FEARS mounted yesterday over the mental health of farmers hit hard by Australia's ban on live cattle exports to Indonesia as one stockman prepared to shoot 3,000 cows he cannot afford to keep.Nico Botha, of Moola Bulla station in Western Australia,...

Gazprom team visits N Korea

2011-07-06 A DELEGATION from Russia's Gazprom has visited North Korea, North Korea's central news agency reported late on Monday.!The trip follows a reported recent visit by Russia's spy chief to the North Korean capital to discuss economic projects involving...

China's Shenhua gets biggest stake at 40%

2011-07-06 A VENTURE led by China Shenhua Energy Co Ltd will hold a 40 per cent stake in the western Tsankhi block of Mongolia's Tavan Tolgoi coal project, giving it the biggest share of one of the world's biggest coking coal deposit.!! "This is a big win...

Malaysia eyes sale of 33 firms

2011-07-06 THE government has identified 33 companies as ready for divestment through a stake pare-down, listing or outright sale in a move to rationalise its portfolio of government-linked companies (GLCs), said Minister in the Prime Minister's Department...

US$24b Japan disaster recovery budget approved

2011-07-06 JAPAN'S cabinet yesterday approved a ¥2-trillion (US$24 billion) second special budget to finance relief and rebuilding after the March 11 earthquake and tsunami.Already facing a mountain of public debt, the government will not issue fresh...