Business » Asia

Wednesday, 19 August 2015

Playing Chinese markets is as simple as ‘follow the leader’

2015-08-19 SOME foreign investors have found a new and simple way to make money from China’s dysfunctional stock markets – by dispensing with market research and playing “follow the leader” instead. Rather than crunching data on earnings and stock valuations...

Thai tourism set for rough ride after Bangkok blasts

2015-08-19 THAILAND’S tourism industry may have bounced back after previous bouts of political unrest but a bomb attack in Bangkok targeting foreigners will likely prove a more formidable challenge, analysts say. Monday night’s blast, which killed 20 people...

Modi to bet US$1.5b on palm oil

2015-08-19 INDIA plans to spend US$1.5 billion in the next three years to help farmers grow oil palm trees in an area the size of New Jersey, government sources said, with Prime Minister Narendra Modi pushing to make the nation self-sufficient in edible oils...

Toshiba shakes up board with high-profile outsiders

2015-08-19 JAPAN’S Toshiba Corp proposed a new board on Tuesday dominated by outsiders, including three former chiefs of big Japanese companies, that it hopes will help to reform the conglomerate after a US$1.2 billion accounting scandal. The appointments...

China’s central bank steps up support to top banks

2015-08-19 CHINA’S central bank stepped up support for the cooling economy last month by injecting US$93 billion into two leading development banks to strengthen their capital bases and increase financing to critical sectors.The People’s Bank of China said it...

Tuesday, 18 August 2015

Lotte chief wins key battle in family feud

2015-08-18 THE chairman of South Korea’s Lotte Group secured crucial shareholder support on Monday in his bitter struggle against his father and elder brother for control of the family-run retail giant.Shareholders of Lotte Holdings – the group’s Japan-based...

SIA seeks NE Asia deals

2015-08-18 SINGAPORE Airlines Ltd (SIA) is continuing to search for growth through partnerships and investment in Northeast Asia, two people close to the company told Reuters, days after tie-up talks collapsed with South Korea budget carrier Jeju Air. The...

India’s IndiGo finalises US$26.5b purchase of 250 new Airbus jets

2015-08-18 INDIGO, India’s biggest airline by market share, has finalised the purchase of 250 Airbus A320neo aircraft, handing the European company its largest-ever order by number of planes in a deal worth US$26.55 billion at list prices.The agreement...

Otto Energy abandons Palawan well

2015-08-18 AUSTRALIA-LISTED Otto Energy Ltd said on Monday it would plug and abandon a deep-water exploratory well in the South China Sea, which did not reveal commercial oil and gas volumes.While the drilling of Hawkeye-1 well in the Philippines’ Palawan...

India, EU to end trade huff over generic drugs

2015-08-18 INDIA and the European Union are taking steps to end a trade row sparked by an EU ban on Indian pharmaceutical products that New Delhi responded to by cancelling talks on a free trade accord with its largest trading partner, officials said. Indian...

Foreign companies around Tianjin blast suspend operations

2015-08-18 FOREIGN companies have suspended operations around the Tianjin port as officials scramble to contain the toxic fallout of last week’s deadly chemical explosions. Toyota, which has operations near the evacuation zone around the blast, said it had...

Monday, 17 August 2015

Ringgit volatility tests foreign bond investors’ faith

2015-08-17 FOREIGN investors in Malaysia’s bond markets have stayed put through months of economic and political uncertainty but a sudden spurt in currency volatility appears to be testing that allegiance.Foreign fund managers and other investors have been...

China-led ADB plans to fund 3 power projects in Nepal

2015-08-17 THE Asian Development Bank (ADB) has said it plans to finance three major power projects - two hydropower plants and a new Nepal-India cross-border transmission line—in the next few years.The two hydropower storage-type projects are 300MW Dudh...

Saturday, 15 August 2015

India’s economic reform agenda hits roadblocks

2015-08-15   INDIAN Prime Minister Narendra Modi’s (pic) ambitious reform agenda has stalled with crucial bills stuck in India’s parliament, which ended its latest session this week in bitter uproar. After sweeping to power 15 months ago in a landslide...

Explosions shatter Tianjin

2015-08-15   BLASTS near Tianjin that killed at least 50 people and injured hundreds could strike a blow to the regional economy and dent the leadership's enthusiasm to turn the area into China's next economic front line, experts said.   Tianjin is the...

Friday, 14 August 2015

As yuan falls, China’s rich seek safe havens offshore

2015-08-14 FOR many in the ranks of China’s wealthy, the shock devaluation in the yuan is a cause of regret - that they hadn’t moved more money offshore sooner.Now many are scrambling to shift cash out of the country, fearful that Tuesday’s two per cent...

Malaysia’s central bank completes 1MDB probe

2015-08-14 MALAYSIA’S central bank has completed a probe into troubled state fund 1MDB and a report asking for “appropriate enforcement action” has been submitted to the attorney general, Governor Zeti Akhtar Aziz said on Thursday. 1MDB, or 1 Malaysia...

China’s Lenovo to cut over 3,000 jobs as net profit halves

2015-08-14 CHINESE computer giant Lenovo said Thursday it would cut more than 3,000 jobs as net profit for its first quarter fell by more than 50 per cent.The world’s biggest personal computer maker also saw revenues miss analysts’ forecasts in what chairman...

Analysts cut Alibaba share price targets

2015-08-14 ANALYSTS have cut their price targets for Alibaba Group Holding Ltd shares after the stock fell to a post-flotation low on Wednesday on weak earnings and concerns over China’s economy.Alibaba’s shares are now at US$73.38, hovering just above their...

India prepares to pay US$1.4b Iran oil dues

2015-08-14 INDIAN refiners have got the green light to prepare to pay Iran US$1.4 billion in oil dues, two sources with knowledge of the issue said, in one of the first signs that last month’s nuclear deal is helping Tehran unlock frozen funds.The landmark...

Pages