Business » Asia

Friday, 5 September 2014

Najib hails Malaysia’s rise in global ranking

2014-09-05 PRIME Minister Datuk Seri Najib Tun Razak (pic) yesterday expressed his appreciation for those who took various measures to improve Malaysia’s global competitiveness ranking. “Alhamdullilah (Praise be to God), we are the 20th most competitive...

Thursday, 4 September 2014

Indonesia’s sovereign sukuk attracts US$10 billion order book

2014-09-04 THE Indonesian government raised US$1.5 billion worth of Islamic bonds on Tuesday, attracting the largest order book ever achieved for a sovereign sukuk from southeast Asia, the finance ministry said.The 10-year sukuk drew strong investor demand –...

MAS tweaks Bucket List sales drive

2014-09-04 MALAYSIA Airlines (MAS) has changed the wording of an online contest called “My Ultimate Bucket List” after Internet users derided the campaign as insensitive following two disasters suffered by the airline this year that claimed 537 lives.A bucket...

More awareness needed to grow Islamic banking

2014-09-04 MORE awareness on Islamic banking should be done in an effort to attract more countries and corporates to establish Islamic banks, thus growing the industry size, said Al-Hilal Bank Chief Executive Officer, Prasad Abraham. He said countries,...

World Bank eyes up to US$500m via Islamic bonds

2014-09-04 THE World Bank plans to raise as much as US$500 million worth of Islamic bonds, or sukuk, this year to help fund an immunisation programme, one of several initiatives from the multilateral body in the Islamic finance sector.The World Bank, acting...

China August data to show mild slowdown

2014-09-04 A DATA deluge over the coming week is likely to show continued weakness in China’s economy in August due to a slowdown in the property sector, which would increase pressure on the government to unveil more pro-growth policy steps.Analysts expect...

Samsung rapidly losing share in India, China

2014-09-04 GOOGLE Inc’s partnership with three Indian phone makers is set to rev up fast-growing demand for lower priced smartphones, and spell more trouble for Samsung Electronics which is rapidly losing share in emerging markets.Micromax Infomatics Ltd,...

Wednesday, 3 September 2014

SCB to sell 25 pct stake in insurance unit

2014-09-03 SIAM Commercial Bank , Thailand’s third-largest lender, is in talks to sell a 25 per cent stake in its life insurance business SCB Life Assurance PCL. Siam Commercial Bank is mostly in discussions with Japanese insurers, although no deal is...

‘MAS restructuring plan must be brave, innovative’

2014-09-03 THE radical restructuring plan to revive the ailing Malaysia Airlines (MAS) must be brave enough, be innovative and think out of the box, former Deputy Prime Minister Tun Musa Hitam said. “I wish for the sake of the country, this time we have...

Foreign firms in China feel ‘targeted’ by probes

2014-09-03 FOREIGN companies are increasingly concerned they are being targeted by Chinese regulators, a US business lobby said on Tuesday, as a Chinese antitrust agency defended probes into firms such as US chipmaker Qualcomm Inc.The American Chamber of...

S Korea delays smog tax amid pressure from car makers

2014-09-03 SOUTH Korea has delayed a proposed tax on vehicle carbon emissions by over five years to the end of 2020, amid pressure from domestic and US car makers who fear the levy would curb sales.But it confirmed it would push ahead with plans to begin what...

Indonesia seeks jewelry markets in Africa, Eastern Europe

2014-09-03 THE Indonesian trade ministry aims to penetrate markets of jewelry to African countries and the Eastern Europe, as it sees a great potential in the territories, an official said yesterday.Director General for National Export Development of the...

Tuesday, 2 September 2014

North Korea tightens grip of tourist phone SIM cards

2014-09-02 IN A move that makes it harder for North Koreans to gain illicit access to the global Internet, North Korea now only allows mobile phone SIM cards used by tourists to be active for the duration of their visit, tourism sources told Reuters.Unlike...

S’pore GIC to invest in India property

2014-09-02 INDIAN developer Brigade Enterprises and Singapore’s sovereign wealth fund GIC Pte Ltd have agreed to jointly invest 15 billion rupees (US$248 million) in residential real estate projects in south India, the companies said.Brigade and GIC will...

China gives Microsoft 20 days to provide explanation in probe

2014-09-02 A CHINESE anti-trust regulator said yesterday it has given Microsoft Corp 20 days to reply to queries on the compatibility of its Windows operating system and Office software suite amid a probe into the world’s largest software company.The State...

China manufacturing moderates

2014-09-02 GROWTH in China’s manufacturing sector slightly moderated in August, pointing to subdued momentum in the economic recovery, new data showed yesterday.The purchasing managers’ index (PMI) came in at 51.1 in August, down from July’s 51.7, according...

Myanmar targets five million tourists with new online visa application

2014-09-02 MYANMAR launched an online visa application yesterday promising an end to painful waits for permits to visit the once secretive nation as it tries to lure five million tourists a year by 2015.The e-visa is open to tourists from 41 countries, from...

Sony wooing Japanese game fans to PS4 with Dragon Quest

2014-09-02 SONY is trying to woo Japanese game fans to the PlayStation 4 home console that went on sale in November in the US and Europe, but didn’t arrive at stores here until February.Atsushi Morita, appointed head of Sony Computer Entertainment’s Japan...

Japan, India to step up biz ties

2014-09-02 JAPAN and India agreed yesterday to step up their economic and security cooperation as visiting Prime Minister Narendra Modi won pledges of support for his effort to revitalise the lagging Indian economy. Modi, who brought a delegation of more...

Need insurance cover against hotpot burns and smog?

2014-09-02 YOUR child throws a tantrum and smashes something? Take out “naughty child insurance”. Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer World Cup, burning your tongue eating...

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