Thursday, 15 September 2016

Singapore Airlines not to extend lease on first A380 jet

2016-09-15   SINGAPORE Airlines Ltd (SIA) will not extend the lease on its first Airbus A380 jet when it expires next year, a further blow for Airbus Group as the manufacturer seeks to bolster new sales of the world’s largest passenger plane. “Our first...

Duterte’s anti-US rhetoric, policy jitters spook market investors

2016-09-15 PHILIPPINE President Rodrigo Duterte’s (pic) anti-US rhetoric, policy uncertainties and concerns of law and order are starting to spook investors notwithstanding the country’s status as Asia’s fastest-growing economy, an economist from the Dutch...

Three ships chartered to troubled Hanjin sold, two more on the block

2016-09-15 THREE ships chartered to Hanjin Shipping Co Ltd have been sold and two more vessels are up for sale, ship brokers said yesterday, kicking off an asset sale sparked by the failure of the world’s seventh largest container shipper. Around US$14...

Singapore’s Marco Polo Marine seeks to delay bond payment

2016-09-15 SINGAPORE’S Marco Polo, a marine logistics firm that counts oil and gas firms as clients, wants bond holders’ nod to defer payment of notes worth US$37 million, the latest oil-related firm in the city-state to show financial strain from crude’s...

Wednesday, 14 September 2016

Thailand bans imports of some Galaxy Note 7

2016-09-14 THE national telecom regulator has banned Thai Samsung Electronics from importing a batch of Galaxy Note 7 smartphones associated with a technical flaw that caused the phone to burst into flames.National Broadcast and Telecommunication Commission (...

Indonesia president opens Priok port expansion

2016-09-14 INDONESIAN President Joko Widodo inaugurated an expansion of the country’s main seaport in Jakarta yesterday, a facility upgrade that will cut the time container ships must spend waiting to load or unload.“We cannot delay the development of modern...

China’s economy perks up

2016-09-14 CHINA’S factory output and retail sales grew faster than expected in August as a strong housing market and a government infrastructure spending spree underpinned growth in the world’s second-largest economy. Industrial output grew the fastest in...

Trade zone bustle exposes limits of N Korea sanctions

2016-09-14 DESPITE North Korea’s deepening isolation, along its border with China and Russia construction of tourist hotels is brisk and mountains of Siberian coal await shipment to Shanghai. A bustling bazaar-style market is overflowing with goods from...

In Brief

2016-09-14 Pandora signs licence deals with Sony, UniversalBENGALURU: Pandora Media Inc said yesterday it had signed direct licensing deals with a number of music labels, including heavyweights Sony Music and Universal Music Group, beefing up its music...

Hanjin secures US$36m

2016-09-14 THE chairman of Hanjin Group transferred 40 billion won (US$36 million) to Hanjin Shipping yesterday to help unload cargo stranded on the troubled shipper’s vessels, a spokesman said, but regulators warned securing further funds could take “...

Tuesday, 13 September 2016

China fuel exports cast pall over global oil products

2016-09-13 CHINA’S state oil refiners are readying to export more diesel and gasoline in coming months as a bleak outlook for what is typically the nation’s period of greatest consumption sends shivers through an already saturated global market.Even with...

Samsung scion to take board role amid Note 7 shock

2016-09-13 THE Samsung Group’s de facto leader and heir apparent is poised to join the board of crown jewel Samsung Electronics Co Ltd, a step towards formalising his role as head of the conglomerate as it reels from a massive smartphone recall. The world’s...

China’s demand for pricey int’l schools insatiable

2016-09-13 THE school year at Haileybury College’s campus outside Beijing began with three People’s Liberation Army soldiers marching on a running track as the Chinese national anthem played over loudspeakers. Seven hundred students stood silently in single-...

Monday, 12 September 2016

Father and son share daily grind and perks of Singapore’s coffee biz

2016-09-12 IT IS hard to have staying power in Singapore’s food and beverage scene, but Santino Coffee Specialists has continued to thrive in the business by adapting with the times. The Straits Times speaks to Ricky Kang, 63, founder and managing director of...

China’s FDI supports Malaysian economy

2016-09-12 CHINESE investments have been coming into Malaysia in a way never seen before and are not expected to subside anytime soon. The investments have been significant in propping up the Malaysian economy. While debates continue on whether the ever-...

Philippine unemployment rate falls to 11-year low in July

2016-09-12 AMID a growing economy, the share to the labor force of Filipinos without jobs as well as those looking for better employment both dropped in July to 11-year lows, the Philippine government said on Friday. In its July 2016 Labor Force Survey (LFS...

Indonesia’s Bank Muamalat seeks new investor

2016-09-12 BECAUSE of tight capital the first sharia lender in Indonesia, Bank Muamalat, is seeking a new investor to assist with its lending expansion. A number of potential suitors have lined up domestically and from abroad, including state-owned lender...

Yuan depreciation will be slower and milder: analysts

2016-09-12 THE onshore yuan declined 0.6 per cent in August, while the currency traded in Hong Kong fell 0.9 per cent in the same month, with depreciation bets mounting as the US Federal Reserve prepares to increase interest rates and the Chinese mainland’s...

Saturday, 10 September 2016

Seoul leads Asia equity drop

2016-09-10 SOUTH Korean stocks and the won led most Asian markets lower yesterday after the North conducted another nuclear test, while trading was also hit by worries over global central bank policy easing. Pyongyang said it had conducted a “successful”...

Friday, 9 September 2016

Weak Japan growth puts pressure on Abe

2016-09-09 JAPAN’S economy barely grew in the second quarter, revised data showed yesterday, further calling into question Prime Minister Shinzo Abe’s big-spending easy-money policy drive. While the figures were a slight improvement on the zero expansion in...