Business » Asia

Wednesday, 6 May 2015

Shanghai bans leaders’ family members from business

2015-05-06 THE Shanghai government has introduced rules to restrain the families of senior city officials from running private businesses, in a pilot measure that will eventually go nationwide in China’s sweeping campaign against corruption. The rules are...

High speed rail to link S’pore-KL in 90 minutes

2015-05-06 THE terminal in Singapore for the high speed rail link to Kuala Lumpur will be in Jurong East.Announcing this on Tuesday, Prime Minister Lee Hsien Loong said that this would dovetail with Singapore's overall plans to transform the area into its...

Vietnam, S Korea seal FTA, target doubling of trade

2015-05-06 VIETNAM signed a free trade agreement (FTA) with South Korea on Tuesday which is expected to boost its exports to the Korean market and more than double bilateral trade over the next five years, the Vietnamese government said.The agreement with...

KFC to take a bite of Myanmar market

2015-05-06 KFC is poised to become the first major US fast food retailer in Myanmar, the company’s local business partner announced on Tuesday, as the long-isolated nation braces for an influx of international food outlets.The fried chicken retailer, one of...

Tuesday, 5 May 2015

China manufacturing index at one-year low

2015-05-05 CHINA’S manufacturing activity recorded its worst contraction in a year in April, a survey by HSBC showed yesterday, as subdued domestic demand weighed on growth in the world’s second-largest economy.The British bank’s final purchasing managers’...

AIIB to use US dollar as settlement currency

2015-05-05 THE China-led Asian Infrastructure Investment Bank is expected to use the US dollar as its currency of settlement, a diplomatic source here said on Monday, despite Beijing's ambition for the internationalisation of China's yuan.Fifty-seven...

S’pore buyers urged caution when investing in foreign properties

2015-05-05 THE Consumers Association of Singapore (Case) said on Monday it is “very concerned” with the recent flurry of advertisements on foreign property investments in the country, and asked buyers to be cautious when buying such properties.It has asked...

Malaysia to tackle talent mismatch in financial sector with universities, experts

2015-05-05 SELECTED institutions of higher learning and experts from the local financial services industry (FSI) will collaborate on projects to address the talent mismatch in Malaysia's financial sector.This initiative will be coordinated by the Finance...

Monday, 4 May 2015

Cross-Strait economic forum opens in Shanghai

2015-05-04 THE 10th Cross-Strait Economic, Trade and Culture Forum, a regular meeting between the Chinese mainland and Taiwan, opened Sunday in Shanghai.Yu Zhengsheng, top political advisor and senior leader of the Communist Party of China (CPC), and Eric Chu...

Saturday, 2 May 2015

China announces measures to boost jobs

2015-05-02 CHINA on Friday announced measures aimed at promoting innovation and job creation, state media said, as authorities seek to ensure that slowing economic growth doesn’t harm employment.According to measures released by the State Council, which...

Thai April CPI eases for fourth month

2015-05-02 THAILAND’S annual consumer price index in April fell for a fourth straight month and will likely ease further, but the authorities say there is little risk of deflation yet.Falling inflation gave the Bank of Thailand room to cut interest rates this...

China woes argue for stimulus all round

2015-05-02 THAILAND has already surprised by cutting interest rates this week, while speculation is mounting that the Reserve Bank of Australia (RBA) will chop its rates to a record low of 2 per cent at a May 5 policy meeting. The need for action is all the...

In Brief

2015-05-02 Saudi Arabia to restructure AramcoSAUDI Arabia’s Supreme Economic Council has approved a restructuring of state oil company Saudi Aramco that includes separating it from the oil ministry, Al Arabiya television channel reported on Friday, citing...

Friday, 1 May 2015

Bank of Japan cuts economic growth, inflation outlook

2015-05-01 THE Bank of Japan on Thursday cut its annual growth and inflation forecasts, as a slate of tepid data highlight weakness in the world’s number three economy, while analysts expect further monetary easing later in the year.Gross domestic product...

Thursday, 30 April 2015

LG Q1 net profit drops 58.5%

2015-04-30 SOUTH Korea’s LG Electronics on Wednesday reported a 58.5 per cent slump in first-quarter net profit as losses caused by currency swings in overseas markets offset profits from its record smartphone sales. Net profit for January-March was 38.4...

Samsung Q1 net dips 39%

2015-04-30 SAMSUNG Electronics posted a near 40 per cent fall in first quarter net profit on Wednesday, missing analyst estimates despite a surge in memory chip demand that cushioned a slump in smartphone sales.Facing increasing competition from arch rival...

China seeks controlling stake in Bombardier

2015-04-30 CHINA’S top two trainmakers have been in discussions with Bombardier Inc about possibly buying a controlling stake in the Canadian company’s railway unit, two sources with direct knowledge of the matter said.China CNR Corp Ltd and state-owned CSR...

Indonesia’s central bank sees economic growth well below president’s target

2015-04-30 INDONESIA’S central bank forecasts the economy will grow by as much as 6 per cent in 2016, and expects a moderate pick up over the next four years - well below President Joko Widodo’s growth target which analysts see as overly optimistic.Bank...

Thailand surprises with another rate cut

2015-04-30 THAILAND’S central bank surprised markets by cutting its key policy rate for a second straight meeting on Wednesday, with policymakers under pressure to revive the stumbling economy.The central bank also announced it would relax curbs on capital...

Wednesday, 29 April 2015

M’sia poised to be Asia’s biggest biogas exporter

2015-04-29 MALAYSIA is expected to be Asia’s biggest biogas exporter by 2020 and Asia’s biggest biogas hub by 2030, said Science, Techonology and Innovation Minister Datuk Dr Ewon Ebin. He said Malaysia had the potential to utilise biogas resources to be at...

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