Business » Asia

Thursday, 6 November 2014

India invites foreign firms to invest

2014-11-06 INDIA’S finance minister is urging foreign investors to help plug enormous gaps in the country’s infrastructure blamed for holding back growth. “We are waiting for you,” Arun Jaitley told a roomful of international and Indian CEOs attending the...

Toyota races to record profit but Asia flashes red signal

2014-11-06 TOYOTA yesterday said it was on track for record US$17.5 billion full-year net profit, as Japan’s major automakers wrapped up a bumper earnings season, but a slowdown in Asia, including China, could slam the brakes on growth. The world’s biggest...

Wednesday, 5 November 2014

Better LTE network quality for Celcom customers in Sabah soon

2014-11-05 CUSTOMERS of Celcom Axiata Bhd in Sabah will get higher network quality with some 90 Long Term Evolution (LTE) sites available in the state soon.Its head of Sabah and Sarawak sales Choo Meng Chung said the sites will be in Keningau, Penampang,...

S’pore to adopt OECD pact to tackle tax cheats by 2018

2014-11-05 SINGAPORE will implement a global agreement on swapping tax information, aimed at ending offshore tax evasion, by 2018, provided certain conditions are met, Finance Minister Tharman Shanmugaratnam said.Singapore would adopt the standard drawn up by...

Indonesia to reshape Islamic finance

2014-11-05 AUTHORITIES in Indonesia want to reshape the country’s Islamic finance industry by encouraging consolidation and building a new regulatory system, as the sector plays catch-up to more mature markets in Malaysia and the Middle East.Regulators are...

World Bank chief urges Asian health help in Africa

2014-11-05 WORLD Bank President Jim Yong Kim yesterday urged Asia to send trained health workers to Ebola-stricken West Africa, warning the focus on stricter border control was not the solution. “I call on countries across Asia to offer trained health workers...

Vietnam may post trade deficit in next year

2014-11-05 VIETNAM may post a trade deficit next year after three straight years of surpluses due to weaker growth in exports and higher imports of machinery, the Ministry of Industry and Trade was quoted by local media as saying at a monthly meeting.The...

China presses for free trade deal at APEC summit

2014-11-05 CHINA yesterday pressed its case for measures to help kick-start an Asia-Pacific regional free trade area at an upcoming summit in Beijing, a framework that some see as an effort to draw attention away from a separate US-backed trade deal. China...

Tuesday, 4 November 2014

Japan minister calls for fiscal stimulus if Q3 GDP data weak

2014-11-04 JAPANESE Economy Minister Akira Amari said on Monday that the government should deploy fresh fiscal stimulus to prop up the economy if third-quarter preliminary gross domestic data due on Nov. 17 turns out weak, public broadcaster NHK reported....

IFSB issues draft on liquidity risk guide for Islamic banks

2014-11-04 THE Kuala Lumpur-based Islamic Financial Services Board (IFSB) has released draft guidance on liquidity risk management for Islamic banks and a new standard for regulatory supervision, as the industry body tightens oversight of banking practices....

Chinese confident gold will drop further, see it cheaper still

2014-11-04 EVEN with gold prices dropping to near four-year lows, buyers in China - the world’s leading market - aren’t tempted, suggesting prices have further to fall.When gold prices are in a slump, Chinese buyers, eyeing a bargain, traditionally move in...

India factory output rises in October

2014-11-04 INDIAN factory output grew in October for the 12th consecutive month thanks to an increase in export orders, a key HSBC survey showed Monday.The British banking giant said its purchasing managers index (PMI) rose to 51.6 points from nine-month low...

Monday, 3 November 2014

Samsung wobbles but stays its ground

2014-11-03 BUFFETED by sliding profits and emboldened competitors, mighty Samsung Electronics is looking unusually vulnerable these days, but analysts say its financial muscle and product diversity make “crisis” talk more than a little premature.The South...

Saturday, 1 November 2014

Unemployment in S’pore remains low and steady

2014-11-01 UNEMPLOYMENT in Singapore in the third quarter of 2014 remained low and steady, with employment growth largely unchanged from the previous quarter, although layoffs increased, reflecting business restructuring. While some increase in layoffs is...

Malaysia-HK tie-up offers Islamic funds to Chinese investors

2014-11-01 A TIE-UP between Malaysian and Hong Kong asset managers aims to market Islamic funds in mainland China, helping expand syariah-compliant investment products outside the industry’s core centres in southeast Asia and the Middle East.The asset...

Land disputes delay Indonesia power plant

2014-11-01 THE development of Indonesia’s US$4-billion Batang power station has been delayed once again by difficulties in buying land for the site, a Japanese project participant, Electric Power Development Co. Ltd. (J-Power) , said yesterday.Land disputes...

Slumping oil prices prompt re-think on high-cost Asian energy projects

2014-11-01     FRONTIER and deepwater exploration in Asia will be among high-cost energy projects most at risk from an oil price slump that has knocked 25 per cent off the top of global crude prices. Asian companies embarked on a raft of new projects,...

Friday, 31 October 2014

MasterCard profit beats estimates as card usage rises

2014-10-31 MASTERCARD Inc reported a better-than-expected 15.5 per cent jump in quarterly profit as a rise in global consumer confidence encouraged its customers to use cards to make purchases.Shares of the world’s second-largest debit and credit card company...

Lenovo wraps up Motorola purchase

2014-10-31 CHINESE computer maker Lenovo Group has completed its acquisition of Motorola Mobility from Google Inc. in a move aimed at becoming a global smartphone brand.Lenovo said it completed the US$2.9 billion purchase yesterday, adding to a flurry of...

Thailand cuts growth outlook as coup subsides

2014-10-31         THAILAND’S economy is still stuck in first gear nearly six months after the army overthrew the government to end months of turmoil, with demand at home and abroad stubbornly weak and big government projects unlikely to bear fruit until...

Pages