Business » Asia

Monday, 2 May 2016

Japanese firms aid reconstruction efforts after quakes

2016-05-02 FIVE years after the Great East Japan Earthquake, reconstruction efforts still continue in disaster-struck areas. Many businesses have leveraged their strengths to promote restoration initiatives. Forty-eight per cent of the area of Iwanuma,...

Singaporean entrepreneur offers tea-drinking sessions to relieve stress

2016-05-02 AS A child, Anthea Ong was called names like ‘retard’ and ‘weirdo’ by friends and family because of a medical condition of lax eye muscles, which meant her eyes just would not focus. “It wasn’t that they didn’t like me. They meant it in an...

Saturday, 30 April 2016

Uber, Ola fight India court battle

2016-04-30 A FLURRY of complaints from Uber drivers about an unusually high number of cancelled bookings was the spark that ignited a bitter legal fight with Ola, Uber’s rival for dominance of India’s US$12 billion taxi market, according to court documents...

Warm weather spikes egg prices in Singapore

2016-04-30 THE warm weather in Malaysia has ruffled some feathers, literally, leading to fewer eggs and a small rise in their prices at some shops in Singapore, although others are holding prices steady for now.Egg prices rose by 10 cents for 10 on Monday,...

Friday, 29 April 2016

Japan holds off stimulus

2016-04-29 THE Bank of Japan (BoJ) shocked markets yesterday as it held fire on a fresh round of widely expected stimulus measures, sparking questions about whether it had anything left in its arsenal to kickstart the stuttering economy. Dealers were caught...

No tenants...and no shoppers in Singapore’s malls

2016-04-29 AT MILLENIA Walk, potted plants are used to fill up space on level two, where there appears to be more empty units than occupied ones. The Nihon Street, which features Japanese food outlets with a strong following, looks like it is still in the...

Thursday, 28 April 2016

Scandal-hit Mitsubishi Motors says sales fall off cliff

2016-04-28 THE head of crisis-hit Mitsubishi Motors said Wednesday that sales in Japan have fallen off a cliff since the company admitted last week that it has been cheating on fuel-efficiency tests. Tetsuro Aikawa (pic), the automaker’s president, revealed...

Malaysia appoints new central bank governor

2016-04-28 MALAYSIA named a deputy governor as the new chief of the central bank yesterday, after months of market uncertainty ahead of the retirement of longstanding leader Zeti Akhtar Aziz. Muhammad Ibrahim, will take over effective May 1 for five years,...

Ambitious Saudi reforms up against ‘vested interests’

2016-04-28 SAUDI authorities will have to confront a range of vested interests if they hope to pull off an ambitious plan to diversify the economy away from oil, analysts said. The “Vision 2030” plan, unveiled Monday by the powerful Deputy Crown Prince...

Wednesday, 27 April 2016

Temasek revamps investment teams

2016-04-27 SINGAPORE’S Temasek Holdings said it would combine its sector and market investment teams and named senior executives Chia Song Hwee and Dilhan Pillay Sandrasegara as presidents of its international business.As part of the reorganisation, Dilhan...

Mitsubishi Motors cheated on mileage tests for 25 years

2016-04-27 JAPANESE car maker Mitsubishi Motors Corp said yesterday it used fuel economy testing methods that did not comply with Japanese regulations for 25 years, much longer than previously known.It said aggressive internal targets may have put pressure on...

Asia fashion brands challenge Western labels

2016-04-27 SOUTH Korea, China and Japan are becoming serious rivals of their Western peers as Asian consumers become increasingly confident in their own style and take pride in buying homegrown labels.Asian consumers are the world’s biggest spenders on high-...

Young Saudi prince is ‘Mr Everything’

2016-04-27 SAUDI Arabia’s hard-charging Deputy Crown Prince Mohammed bin Salman holds unusual power for a man of just 30, so much so that diplomats have nicknamed him ‘Mr Everything’.The main public figure behind Monday’s unveiling of a vast plan to...

Malaysia’s troubled 1MDB fund defaults on bonds

2016-04-27 TROUBLED Malaysian state investment fund 1MDB said yesterday it had defaulted on US$1.75 billion in company bonds after missing an interest payment, heightening fears of a market-rattling bailout of the scandal-hit company. The fund, founded in...

Hyundai Motor’s first quarter profit declines 12%

2016-04-27 SOUTH Korea’s Hyundai Motor posted its ninth straight quarterly profit drop as it trailed rivals in tapping soaring demand for sport utility vehicles in China, its biggest market.Hyundai’s strength in smaller, fuel-efficient sedans helped the...

Tuesday, 26 April 2016

VW plans more investments in China

2016-04-26 VOLKSWAGEN AG is optimistic that its positive sales trend from the two previous quarters will continue in China, the world’s biggest auto market, its China chief Jochem Heizmann said on Sunday. Volkswagen (VW) plans to invest four billion euros (...

Singapore’s CPI falls 1 per cent in March

2016-04-26 SINGAPORE’S consumer price index in March fell further by one per cent, according to the latest data released by Singapore’s Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) yesterday.The consumer price index (CPI)...

Global carmakers see rising competition in China

2016-04-26 GLOBAL carmakers gathered in Beijing on Monday to show off their wares as competition intensifies and growth slows in the world’s biggest auto market, with the key SUV and new energy vehicle sectors the focus of attention. The flamboyant show,...

Chinese consumers seek safety in sport-utility vehicles

2016-04-26 CHINESE drivers are rushing to buy sport-utility vehicles (SUV) in an “arms race” for safety on the country’s hair-raising roads, analysts say, as SUV sales hit the gas despite a slowing economy. SUV purchases in the world’s number one car market...

Saudi undergoes major economic change

2016-04-26 SAUDI Arabia’s Cabinet on Monday approved a long-awaited plan laying out reform priorities for the next decade and a half, setting in motion what is likely to be a period of significant economic change in the oil-rich kingdom. The project, which...

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