Business » Asia
Wednesday, 25 April 2012
AUSTRALIAN auto workers took carmaker Toyota to court yesterday claiming they were unlawfully sacked for holding health and safety officer posts or being union stewards.The 12 workers were among 350 staff laid off by the Japanese auto giant in...
A PHILIPPINE exploration firm has found more-than-expected natural gas in a disputed area of the South China Sea, a discovery likely to inflame territorial tensions with China.!Philex Petroleum Corp said in a disclosure to the stock exchange on...
JAPANESE power companies are warning a hot summer could bring blackouts for some areas unless nuclear plants are re-started.Kansai Electric Power, which supplies mid-western Japan, including the commercial hubs of Osaka, Kyoto and Kobe, said Monday...
S'pore SMRT allots 900m to fix subway SINGAPORE: Singapore's main subway operator SMRT Corp said yesterday it will spend $900 million (US$720 million) on renewal and preventive maintenance to address problems that have led to numerous breakdowns...
VIETNAMESE coffee trading has been moderate as prices held near a key level in the past week even as stock levels were good and the next harvest may show a gain over the previous period, traders and an industry official said yesterday.!Output from...
CHINESE Premier Wen Jiabao ends a four-nation European tour with a two-day visit to Poland starting today, focused on a high profile regional trade and investment summit with 16 fellow premiers.Having already inked an accord with Iceland on...
CHINESE Premier Wen Jiabao was to visit Stockholm yesterday to secure a handful of bilateral trade deals, including a major investment agreement with China-owned Swedish brand Volvo Cars, media reported.The financial daily Dagens Industri (DI) said...
Tuesday, 24 April 2012
VIETNAM'S inflation slowed for an eighth consecutive month in April to the lowest rate in a year, official figures showed yesterday, as experts warned of signs of economic stagnation.Consumer prices rose 10.54 per cent year-on-year in April, from a...
RATINGS agency Standard and Poor's retained its positive outlook for the Indonesian economy on yesterday, but held off on lifting its sovereign debt rating.Fitch ratings in December upgraded Indonesia to investment-grade after 14 years of junk...
AUSTRALIAN flag carrier Qantas is still considering Singapore as the base for a premium carrier in Asia, chief executive Alan Joyce said in a report published yesterday.Qantas' Asian plans, which it sees as key to its strategy of revitalising its...
China output contracts again in April: HSBCBEIJING: China's manufacturing activity contracted for the sixth straight month in April, HSBC said yesterday , bolstering the case for the government to give a boost to the world's number two economy. HSBC...
Arms embargo still in placeTHE European Union suspended a wide range of trade, economic and individual sanctions against Myanmar in response to its "historic changes" Monday but left intact an arms embargo, diplomats told AFP.The decision has "just...
GLOBAL car makers such as GM, Daimler, BMW and Peugeot are counting on China to maintain growth in their premium offerings, even as all the signs point to an overall slowing in the world's largest auto market.!Even conservative forecasts have China'...
THE Asian Development Bank (ADB) yesterday urged regional governments to tackle rising income inequality with more urgency, warning any delay could undermine social cohesion and economic growth.Rajat Nag, ADB's managing director-general, said...
Monday, 23 April 2012
SEPANGGAR Port, located in the Sepanggar parliamentary constituency, is poised to become a logistics hub for the Far East due to the political will of the Barisan Nasional (BN) government. !The BN government has transformed this former fishing...
FRENCH automakers, Peugeot, is targeting a sales figure of 550,000 for the newly launched 208. Whilst 420,000 units will be sold in the EU region, Southeast Asia will make up 10 to 15 per cent of the remaining 130,000 volume.Marc Bocque, Peugeot's...
BUOYED by rapid economic growth, Indonesia has become a bonanza for international plane makers who are booking some of the world's biggest sales as Western airlines suffer a downturn.Europe's Airbus and US manufacturer Boeing have secured billions...
INFOSYS, India's No 2 software services exporter, is under scrutiny from the US Department of Homeland Security for likely errors in employer eligibility documents of its staff working in the United States, the company said in a statement.!The...
S Korea govt debt could surge much above GDPSEOUL: South Korea's government debt could surge above 100 per cent of the country's annual gross domestic product by the year 2030 from just a little more than 34 per cent now, the country's central bank...
HONG KONG'S securities regulator on Sunday fined Mega Capital (Asia) HK$42 million (US$5.41 million) and revoked its corporate finance advisory licence for disclosing false and misleading information in a 2009 initial public offering for a Chinese...
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