Business » Asia

Monday, 1 December 2014

Malaysia sees 400% rise in batik producers

2014-12-01 EFFORTS to revive interest in batik in Malaysia has resulted in 400 per cent increase in the number of batik item producers to 800 now from 200 in 2012. Yayasan Budi Penyayang Malaysia (Penyayang) chairman, Nori Tun Abdullah said at one time, the...

China launches draft rules for insurance of bank deposits

2014-12-01 CHINA on Sunday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of steps to fully liberalise interest rates and allow banks to compete on a wholly commercial basis.The draft rules,...

Saturday, 29 November 2014

India says no compromise in WTO deal

2014-11-29 INDIA said yesterday that food security for its millions of poor had been safeguarded in a landmark global trade reform deal adopted by the World Trade Organisation (WTO).New Delhi and Washington struck an agreement earlier this month on protecting...

Malaysia Airlines losses widen in wake of disasters

2014-11-29 CRISIS-STRICKEN Malaysia Airlines said yesterday its third-quarter loss widened 54 per cent in the wake of two devastating air disasters that have sent its business into a tailspin and prompted a government rescue. The company’s net loss for the...

Japan megabanks urged to share project financing

2014-11-29 JAPAN’S biggest banks have begun including their smaller regional peers in overseas project financing deals - a development pushed for by financial authorities keen for regional lenders to reduce their outsized dependence on government bond...

Friday, 28 November 2014

China plans to insure deposits

2014-11-28 CHINA’S central bank has drawn up plans for the introduction of an insurance system for bank deposits, and the draft rules could be announced soon, three sources with knowledge of the matter said on Thursday.China has considered insuring savers’...

South Asia leaders sign energy pact

2014-11-28 A BRIEF meeting between India’s Prime Minister Narendra Modi and his Pakistani counterpart on Thursday salvaged a summit of South Asian leaders, with all eight countries clinching a last-minute deal to create a regional electricity grid. The pact...

Singapore central bank may do more to contain household debt

2014-11-28 SOME highly leveraged households in Singapore may be vulnerable if interest rates rise or the economy slows, its central bank said on Thursday, adding that it will take more steps if needed to keep household debt at manageable levels.“Despite some...

Thursday, 27 November 2014

ADB ready to work with new China-led bank

2014-11-27 THE head of the Asian Development Bank (ADB) said yesterday he is ready to work with China on a new infrastructure investment lender proposed by Beijing, despite fears it could undermine his institution.The Manila-based ADB is too large and...

Singaporeans called to give ideas for Budget 2015

2014-11-27 SINGAPORE’S Ministry of Finance announced yesterday that it is seeking the views of all Singaporeans for ideas and suggestions on possible measures for Budget 2015. Individuals, households and businesses are welcome to submit feedback on issues...

Wednesday, 26 November 2014

BoJ policymakers divided over extra stimulus: minutes

2014-11-26 POLICYMAKERS were sharply divided over expanding the Bank of Japan’s huge monetary easing plan last month, with opponents warning that the risks far outweighed any benefits, minutes from the meeting showed Tuesday.The BoJ surprised markets on...

Indonesia’s palm revolution runs off track for smallholders

2014-11-26 A prolonged fall in the price of palm oil is hitting Indonesia’s legions of smallholder farmers, forcing cutbacks that will reduce output in coming years and raising the prospect of a bout of sell-outs to major producers.Smallholder farmers account...

Singapore Q3 GDP beats forecasts with higher output

2014-11-26 SINGAPORE’S economy grew more than initially estimated in the third quarter as manufacturing output was revised higher, although the growth outlook remained modest in the face of uneven global recovery.The city-state’s economy is expected to grow...

Tuesday, 25 November 2014

Vietnam needs technology, innovation to drive growth

2014-11-25 VIETNAM needs to rely more on productivity gains driven by innovation in order to boost its economy, according to a new joint study by the World Bank (WB) and Organisation of Economic Cooperation and Development (OECD).The study, “The OECD-WB...

Taiwan business groups want cross-Strait trade pacts ratified quickly

2014-11-25 MORE than 30 representatives of Taiwan’s business community yesterday urged the island’s authorities to ratify cross-Strait trade pacts.The businessmen expressed their concern about the free trade agreement (FTA) between the mainland and the...

Monday, 24 November 2014

China’s rate-cut may curb new loans

2014-11-24 CHINA’S latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth. The central bank unexpectedly cut rates late on...

Pakistan picks four banks to hold dollar sukuk roadshows

2014-11-24 PAKISTAN has mandated four banks to arrange fixed income investor meetings starting Monday ahead of a potential issue of a US dollar-denominated Islamic bond, a document from lead managers said on Sunday. The sovereign, rated Caa1 by Moody’s and B...

AirAsia X may need more funds: Analysts

2014-11-24 AIRASIA X may need to get more capital to the tune of 200 million ringgit to 300 million ringgit (US$50 million to US$75 million) in the near term to give it breathing space as its operation is restructured, said analysts.   According to analysts...

Saturday, 22 November 2014

Alibaba dominates Asian trading

2014-11-22 MOST of yesterday’s Asian trading session was dictated by flows chasing Alibaba’s new US$8 billion bonds. There was some profit-taking at the Asia kick-off, but the multi-tranche notes tightened further after gaining traction from European bids....

China’s central bank cuts rates as economy slows

2014-11-22 CHINA’S central bank cut interest rates yesterday and promised to inject extra credit into the financial system if needed amid a deepening slowdown in the world’s No 2 economy.The People’s Bank of China said it acted to address “financing...

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