Business » Asia

Thursday, 3 April 2014

ASEAN and Hong Kong to pursue free trade pact

2014-04-03 ASEAN Secretary-General Le Luong Minh visited Hong Kong last week to discuss a possible free trade agreement.During his visit, at the invitation of the Hong Kong Special Administrative Region Government, Le met with high level officials who briefed...

Japan firms doubt BoJ price targets

2014-04-03 CORPORATE Japan expects the consumer price index to be just 1.5 per cent higher in a year from now, a Bank of Japan tankan (quarterly) survey found on Wednesday - a sign of how difficult the central bank could find meeting its two per cent...

Saturday, 29 March 2014

India to borrow US$61.4b via bonds

2014-03-29 INDIA will borrow a gross 3.68 trillion rupees (US$61.4 billion) in the first half of the fiscal year that begins on April 1, or 61.6 per cent of the full-year target, Arvind Mayaram, the country’s economic affairs secretary said on Friday. In the...

Tensions put Thailand on sidelines of investment plans

2014-03-29 CONTINUING political uncertainty, derailed infrastructure plans and sliding domestic demand are making big Thai companies look more keenly at investing elsewhere in the neighbourhood rather than in Southeast Asia’s second-largest economy. At the...

Friday, 28 March 2014

Japan’s ANA orders 40 Boeing, 30 Airbus planes worth US$16.4b

2014-03-28 ALL Nippon Airways (ANA) said Thursday it would buy 70 new planes worth US$16.4 billion, with almost half from Airbus in a move that marked a victory for the European aircraft maker as it tries to prise open the lucrative Japanese market.The...

Air Berlin delays 2013 results

2014-03-28 AIR Berlin, Germany’s second biggest airline, announced overnight Wednesday that it will postpone its annual earnings news conference as it continues to work on its recapitalisation plans. Air Berlin said in a statement that its “board of directors...

Securitisation market to get boost from Syariah restructuring

2014-03-28 SYARIAH-compliant structures could help revive the securitisation market tarnished by the global financial crisis, providing a fresh source of funds for companies, a top official from Malaysia’s Securities Commission said.Policymakers are keen to...

Thursday, 27 March 2014

Banks in Chinese city show cash to reassure depositors

2014-03-27 RURAL banks in China’s eastern city of Yancheng stacked piles of cash in plain view behind teller windows to calm depositors queueing at bank branches for a third straight day on Wednesday following rumours that they had run out of cash. According...

China’s plan for global yuan hits speed bumps

2014-03-27 TURBULENCE in Chinese financial markets, reflecting growing worries about investing in the country’s assets, could slow the yuan’s rapid emergence as a major international currency.Over the past five years, the yuan has gone from being a thinly...

Fonterra unfazed by earnings hit, pushes further into China

2014-03-27 FONTERRA, the world’s largest dairy exporter, on Wednesday said a steep hit to its first-half earnings won’t stop it from marketing more of its own-brand milk products in China and expand its food services business in the fast-growing market. The...

US jobless rate to fall below 6% this year: Fed

2014-03-27 THE US unemployment rate will fall below six per cent by the end of this year, a Federal Reserve official said on Wednesday, offering a bullish view on the country’s economy after central bank comments sent shock waves through financial markets...

Wednesday, 26 March 2014

Indian rupee surges on hope of political stability

2014-03-26 INDIA’S currency hit its strongest level in 2014 on Tuesday as hopes grew that a stable and business-friendly government would soon be elected, prompting foreign money to flow into markets. The currency has gained more than two per cent since the...

NZ’s tech startups aim high with business software

2014-03-26 NEW Zealand technology firms are rolling into global markets, selling software to businesses that locks down mundane tasks like accounting and expenses, rather than developing slick social media apps that consumers download free of charge. Led by...

Odds narrow on China stimulus as Q1 data drops

2014-03-26 THE odds of Beijing intervening to support the sluggish Chinese economy are narrowing following a slew of data that points to the weakest growth for China since the global financial crisis. The economic pain may not be over, either, as some...

HK’s soaring bank exposure to China sparks concerns

2014-03-26 IN JUST a few years, Hong Kong banks have ramped up lending to China from near zero to US$430 billion, fuelling concerns about their credit exposure to the mainland at a time when sliding economic growth and defaults are making investors nervous....

Tuesday, 25 March 2014

Myanmar reboots troubled airport tender

2014-03-25 MYANMAR is relaunching a tender to build a second international airport near its main city after the winning South Korean bid hit problems funding the US$1.5 billion ( $1.9 billion) project, a senior aviation official said yesterday. The country...

Sukuk issuance costs still above conventional bonds in Asia

2014-03-25 COSTS of issuing Islamic bonds in Asia are still significantly higher than the costs of issuing conventional bonds, despite the growth of Islamic finance in countries such as Malaysia and Indonesia, a study by the Asian Development Bank found. In...

Cisco joins cloud computing race with US$1b plan

2014-03-25 CISCO Systems Inc plans to offer cloud computing services, pledging to spend US$1 billion ($about $1.27 billion) over the next two years to enter a market currently led by the world’s biggest online retailer Amazon.com Inc. Cisco said it will...

Indonesian pulp and paper giant says is ‘victim’ of forest haze

2014-03-25 FOREST fires and haze have become so bad in northern Sumatra that a Indonesian pulp and paper company held partly responsible by green groups has declared itself as a casualty, saying the environmental catastrophe was costing it millions of dollars...

Singapore’s Tigerair orders Airbus jets worth US$3.8b

2014-03-25 SINGAPORE’S Tiger Airways Holdings Ltd has placed an order for 37 Airbus A320neo aircraft worth US$3.8 billion (about $4.8 billion) at list prices, taking delivery of the planes from 2018 to 2025, the carrier said in a statement yesterday.Tigerair...

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