Business » Asia

Thursday, 8 January 2015

China firm to bid again for Mexico rail project

2015-01-08 THE Chinese state firm which led a cancelled bid for a US$3.75 billion high-speed rail contract in Mexico plans to tender for the project again, a Chinese government agency said yesterday.Mexico in early November abruptly cancelled a successful bid...

Malaysia’s exports boost trade surplus to highest in three years

2015-01-08 MALAYSIA’S exports in November rose unexpectedly, dodging the impact from tumbling world oil prices and providing a brief respite for the sliding ringgit.The Southeast Asian exporter is grappling with sliding prices for energy and commodities as...

Surprise sides: Tooth, plastic in McDonald’s meals in Japan

2015-01-08 MCDONALD’S Corp officials in Japan bowed deeply yesterday to apologise for a human tooth, plastic pieces and other objects found in the burger chain’s food, highlighting how consumers here are both loving and hating the popular fast-food eatery.The...

Wednesday, 7 January 2015

Toyota to give away fuel-cell patents to boost new industry

2015-01-07 TOYOTA will give away thousands of patents for its fuel-cell cars, it said yesterday, in an effort to encourage other automakers into the new industry.The world’s largest vehicle maker said it will allow royalty-free use of about 5,680 patent...

1MDB missed loan payment

2015-01-07 MALAYSIAN state investor 1Malaysia Development Bhd missed the repayment of a 2 billion ringgit (US$563 million) bridge loan that was due end-December, two people close to the matter said yesterday.The firm, known as 1MDB, is now exploring ways to...

Hyundai to invest US$73 billion

2015-01-07 SOUTH Korea’s Hyundai announced yesterday it plans to invest 80.7 trillion won (US$73 billion) by 2018 in bolstering overseas production and developing next-generation cars.The auto giant said it would over the next four years invest 49.1 trillion...

Tuesday, 6 January 2015

1MDB CEO steps down as US$3b IPO looms: sources

2015-01-06 THE chief executive of debt-ridden Malaysian state investor 1 Malaysia Development Bhd (1MDB) has resigned less than two years after his appointment, three people aware of his departure said yesterday.The departure of Mohd Hazem Abdul Rahman,...

Singapore launches new international commercial court

2015-01-06 THE Supreme Court of Singapore launched a new Singapore International Commercial Court on Monday.The specialist court will hear disputes over global business deals. It is part of Singapore’s efforts to position itself as Asia’s dispute resolution...

Tencent launches online bank

2015-01-06 CHINESE Internet giant Tencent, operator of the popular messaging app WeChat, has launched an online bank, a state-backed newspaper said yesterday, as the government seeks to foster private lenders.The online bank, called WeBank, will be fully...

Abenomics gains limited to Tokyo

2015-01-06 AN ECONOMIC rebound and loose money policy under Prime Minister Shinzo Abe briefly halted a long slide in Japan’s commercial property market, but the benefits of “Abenomics” appear increasingly limited to Tokyo, leaving a moribund hinterland.For a...

Monday, 5 January 2015

China aims to triple patents by 2020, provide boost for high-tech economy

2015-01-05 CHINA is aiming to triple the number of patents it files by 2020 as Beijing looks to boost the country’s high-tech economy in areas from agriculture to pharmaceuticals, according to a notice from the central government on Sunday.China is targeting...

Thailand's auto sector is expecting recovery

2015-01-05 THE Thai auto industry may have suffered a terrible year, with domestic sales plummeting by almost 40 per cent during the first 10 months, but many believe the worst has passed and that 2015 will be a year of recovery.In terms of exports, the...

Japanese business leaders optimistic about 2015

2015-01-05 SEVENTY per cent of the leaders of 30 major companies in Japan think the country’s economy is moderately recovering, according to a Yomiuri Shimbun survey.Regarding the economic prospects for the next six months, 27 respondents, or 90 per cent,...

Samsung Electronics beats Apple in consumer satisfaction in US

2015-01-05 SAMSUNG Electronics, the world’s largest smartphone maker by sales volume, took the top spot on a customer satisfaction index in 2014, beating its archrival Apple, the American Consumer Satisfaction Index, a US-based private research firm, said...

Saturday, 3 January 2015

Indonesia inflation jumps 8.36% after fuel hike

2015-01-03 INDONESIA’S inflation rate shot up in December and its trade balance swung to a deficit after the country’s new president hiked fuel prices by 30 per cent a month earlier, data showed yesterday.December inflation jumped to 8.36 per cent year-on-...

Singapore’s slow Q4 growth signals weaker 2015 outlook

2015-01-03     SINGAPORE’S economic growth slowed more than expected in the fourth quarter as the manufacturing sector contracted in the face of erratic global demand, raising concerns about the outlook for 2015. Gross domestic product expanded by 1.6 per...

Thursday, 1 January 2015

South Korea inflation eases in December

2015-01-01 SOUTH KOREA reported its lowest inflation in more than 15 years, which could reinforce expectations for an interest rate cut early in 2015 - though the central bank governor seems to feel there’s no hurry for one.December’s consumer price index...

Public contempt greets LG and Samsung’s storm in a washing drum

2015-01-01 SOUTH KOREA’S two top technology firms, Samsung Electronics and LG Electronics, have a history of bitter rivalry, but their latest spat over a handful of washing machines has prompted a barrage of public mockery.“This is all so petty and juvenile...

Singapore economy grows slower than expected: PM

2015-01-01 SINGAPORE’S trade-sensitive economy grew at a slower-than-expected rate of 2.8 per cent in 2014 as the city-state cut its reliance on foreign workers, Prime Minister Lee Hsien Loong said yesterday.The slowing growth was attributed in particular to...

Malaysia’s stable labour market will cushion economy, says MARC

2015-01-01   MALAYSIA’S economy, which is expected to be moderate next year due to decelerating domestic demand, would likely be cushioned by its stable labour market. Malaysian Rating Corp Bhd (MARC) said in a note yesterday that the stable employment...

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