Business » Asia

Wednesday, 17 September 2014

Islamic body seeks to keep market influence

2014-09-17 THE Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has appointed a new secretary-general, as the standard-setting body looks to keep its influence in an increasingly challenging environment.Saudi...

China gold exchange launch

2014-09-17 CHINA will launch its international gold exchange 11 days ahead of schedule, sources said yesterday, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues....

Singapore to explore investment prospects in Malaysia’s east coast

2014-09-17 SINGAPORE says it is willing to explore investment opportunities in Peninsular Malaysia’s east coast states. Senior Minister of State for Foreign Affairs and Home Affairs Masagos Zulkifli Masagos Mohamad said the matter is, however, still at the...

China’s overseas investment soars

2014-09-17 CHINA’S outbound investment more than doubled in August to US$12.62 billion, data showed yesterday, far outstripping foreign direct investment (FDI) into the country, which fell to a four-year low.China has been actively acquiring foreign assets,...

Tuesday, 16 September 2014

China’s Sinopec to sell US$17.5b retail stake in privatisation push

2014-09-16 STATE-CONTROLLED oil giant Sinopec Corp on Sunday unveiled a plan to sell a US$17.5 billion stake in its retail business, marking the country’s biggest privatisation push since President Xi Jinping came to power almost two years ago.The sale is a...

Google’s US$105 Android One

2014-09-16 GOOGLE Inc launched in India yesterday a US$105 smartphone, the first device from its Android One initiative which is aimed at boosting sales in key emerging markets through cheaper prices and better quality software.The Mountain View-Based company...

YouTube users in India to watch videos offline via Android phones

2014-09-16 YOUTUBE users in India will soon be able to save videos from the Google-owned service, making it possible to watch them offline, and the feature will eventually be available globally, the company said yesterday. The feature will be available...

Thai canned tuna giant plans to buy Norwegian rival

2014-09-16 THAI Union Frozen Products Pcl said yesterday it would buy Norwegian seafood firm King Oscar for an undisclosed amount, the latest acquisition by the world’s largest producer of canned tuna as it seeks to boost revenue.Like other major Thai...

‘Alibaba to boost IPO size on overwhelming demand’

2014-09-16 ALIBABA Group Holding Ltd plans to increase the size of its US initial public offering because of “overwhelming” investor demand, people familiar with the deal said yesterday.The Chinese e-commerce company launched the IPO last week and had enough...

China’s gas demand growth expected to slow down

2014-09-16 CHINA’S gas demand growth is expected to ease to its slowest in three years in 2014 and dip again next year, as a slowing economy and an ill-timed hike in prices keep gas demand at levels well below bullish forecasts. The slowdown indicates demand...

Monday, 15 September 2014

Abe ‘neutral’ on raising Japan sales tax

2014-09-15 JAPANESE Prime Minister Shinzo Abe said yesterday he remained “neutral” on whether to proceed with a hike in Japan’s sales tax to 10 per cent, adding that decision would hinge on the strength of economic indicators for the current quarter.“The...

Malaysia’s property sector cooling off

2014-09-15 PROPERTY developers have come out with some hard facts that suggest that the sector is cooling off.According to the first half 2014 Property Industry Survey by the Real Estate and Housing Developers’ Association Malaysia (Rehda), properties in the...

China to invest in Indian railways

2014-09-15 CHINA will pledge to invest billions of dollars in India’s rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbours’ first summit since Narendra Modi became prime minister in May.The...

Conventional banks’ sukuk to push limits of Islamic finance

2014-09-15 ISLAMIC bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks’ ability to win over industry purists. Since June, France’s...

Apple a decade behind Japan mobile payment curve

2014-09-15 APPLE’s proud announcement that its new iPhone could be used to buy goods in a single swipe left customers non-plussed in Japan, where mobile contactless payments have been normal fare for a decade.A type of Near Field Communication (NFC) chip,...

Singapore hotels revved up for F1

2014-09-15 SINGAPORE may be one of the more expensive places to catch a Formula One race, but hotels here expect a full house this coming weekend. They are also cashing in on the event with new luxury packages, such as one by Mandarin Oriental, which...

Saturday, 13 September 2014

Thai PM aims to broaden tax base

2014-09-13   THAILAND’s prime minister, Prayuth Chan-ocha, said on Friday his military-backed government aimed to broaden the tax base in the new fiscal year from October, bringing in an inheritance tax among other changes. In his first speech to an...

San Miguel plans solo bid for United Biscuits

2014-09-13   SAN Miguel Corp, the Philippines’ most diversified conglomerate, said it was planning a solo bid for British snacks maker United Biscuits, owner of brands such as Jaffa Cakes and Twiglets. The potential acquisition is a positive move given San...

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