Business » Asia

Thursday, 5 March 2015

Singapore gains halal credibility

2015-03-05 HALAL has never looked so good for Singapore. A survey ranked the Asian country as the top non-Islamic destination for Muslim tourists, weeks after official data showed overall visitor numbers fell last year for the first time since 2009....

Ailing Malaysia Airlines readies for drastic overhaul

2015-03-05 AFTER a year of calamity, Malaysia Airlines is shrinking to survive. The disappearance of Flight 370 one year ago, combined with the downing of Flight 17 over a rebel-held area of eastern Ukraine four months later, brought the already financially...

Toyota promotes foreigners, including first woman, to top posts

2015-03-05 TOYOTA Motor Corp yesterday promoted more foreigners to senior posts, including the first woman and first African-American to hold executive titles, diversifying a management team long dominated by Japanese men.The world’s biggest automaker...

Wednesday, 4 March 2015

China interest rate cuts just the start as growth slows

2015-03-04 FACTORY employment has been falling for more than a year in the workshop of the world as Chinese growth slows, and analysts expect more intervention by the central bank after its second interest rate cut in just three months.The weekend’s rate...

China group ordered to sell ‘illegal’ Sydney mansion

2015-03-04 AUSTRALIA on Tuesday ordered China’s Evergrande Real Estate Group to sell a Sydney mansion worth Aus$39 million (US$30 million), saying it was bought illegally under foreign investment rules.Cashed-up foreigners, many from China, have been blamed...

Thailand’s new policy to cut investment proposals

2015-03-04 THAILAND’S new investment policy may cut investment proposals by 84 per cent this year but will be good in the long term, while already-approved projects should be enough to help growth this year, an investment agency said on Tuesday.A military-led...

India to import more palm, offset weak demand from biofuel

2015-03-04 INDIA is expected to import more palm oil this year to counter a domestic deficit in vegetable oil stockpiles, helping offset a drop in demand for the tropical oil for blending purposes from the biofuel sector, leading industry analyst James Fry...

Taiwan banishes Alibaba over violation

2015-03-04 TAIWAN has demanded Chinese e-commerce giant Alibaba withdraw from the island within six months for violating investment restrictions on mainland-controlled firms, officials said Tuesday.The island’s Investment Commission has ordered Alibaba to...

Tuesday, 3 March 2015

Singapore central bank seen easing further

2015-03-03 SINGAPORE’S central bank is likely to ease monetary policy further in April as lower-than-expected inflation and output data suggest the economy is slowing and facing growing deflationary pressures, a Reuters poll showed.Seven out of 11 economists...

Rate cut will help steady ailing property market

2015-03-03 CHINA’S second interest rate cut in just over three months will boost property sales and help stabilise weak house prices, but a strong recovery in the sector is unlikely given a glut of unsold homes, market watchers said on Monday.The property...

Indian factory activity growth slows

2015-03-03 INDIAN manufacturing activity expanded at its slowest pace in five months in February as a slowdown in new orders dragged on overall output, a business survey showed on Monday. The HSBC Manufacturing Purchasing Managers’ Index , compiled by Markit...

China manufacturing improves

2015-03-03 CHINA’S manufacturing activity in February improved more than initially thought, HSBC said on Monday, but weakening foreign demand and declining prices signalled the world’s second-largest economy still faces multiple woes.The British bank’s final...

Monday, 2 March 2015

ASEAN economic integration moving on despite challenges

2015-03-02 THE Association of Southeast Asian Nations (ASEAN) economic integration will move on with the establishment of the ASEAN Economy Community (AEC) despite challenges staying ahead, said Munir Majid, chairman of the ASEAN Business Advisory Council....

AEC will be a boon to FDI, international experts agree

2015-03-02 MORE foreign direct investment (FDI) will flow into each Southeast Asian country, especially into infrastructure and innovative products, after the ASEAN Economic Community becomes fully effective at the end of this year, economic experts said on...

Indonesia eyes 20 million tourists by 2019

2015-03-02 INDONESIA hopes to attract 20 million foreign tourists by 2019, with an annual growth rate predicted at 12 per cent, an official said last week.Indonesia’s Tourism minister Arief Yahya said Indonesia would seek to boost tourism by participating in...

China takes steps to ward off deflation

2015-03-02 WEAKNESS in China’s vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world’s second-largest economy....

Saturday, 28 February 2015

India growth to top 8% this year

2015-02-28 INDIA’S economy will grow by more than eight percent in the next financial year, the government said in a report published Friday, a day ahead of its first full-year national budget. The India Economic Survey said growth would be between 8.1 and 8...

Japan data signal slow recovery despite low energy

2015-02-28 JAPANESE factories churned out more machinery and electronic devices in January as export shipments rose, but lower energy costs due to cheaper crude oil failed to provide a boost to consumer spending. Weak retail sales and a cooling of already...

Petronas posts US$2b quarterly loss, cuts spending

2015-02-28 MALAYSIAN state-owned oil firm Petronas reported on Friday a US$2 billion quarterly loss and a planned cut in spending over the next two years, hit by a slump in global oil prices. Petronas posted a net loss of 7.3 billion ringgit (US$2.03 billion...

Friday, 27 February 2015

Qantas hops back into black

2015-02-27 AUSTRALIAN carrier Qantas on Thursday roared back into the black after an aggressive shake-up to stem mounting losses, posting its best interim result in four years helped by a revival in its international arm.The AU$203 million (US$162 million)...

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