Business » Asia
Monday, 23 April 2012
QANTAS chief Alan Joyce yesterday said it was an emotional moment to see an Airbus A380 that lost an engine in a mid-air blast off Singapore in 2010 finally back in Australia.More than 500 days after the incident that led to the temporary grounding...
Saturday, 21 April 2012
THE ousted former boss of Olympus who exposed a US$1.7 billion cover-up scandal threatened court action Friday after the firm's choices for a new board were approved at a heated shareholders meeting.Angry investors shouted and peppered management...
NEW Zealand on Friday approved a Chinese company's bid to buy a bankrupt dairy farm group, in a case that has stirred heated debate about foreign land ownership.Associate Finance Minister Jonathan Coleman said the government was allowing China's...
MALAYSIA tourism looks to step up a notch by working closely with the Pacific Asia Travel Association (PATA). Speaking at the PATA 2012 media conference, Dato' Hj Azizan Noordin, Acting Director General of Tourism Malaysia outlined the importance of...
Advisor says reforms 'unlikely' by 2014NEW DELHI: No major economic reforms are likely in India before the scheduled 2014 general elections, the country's top economic adviser has said despite widespread political disarray. Investors have been...
Thursday, 19 April 2012
THAI rice exports have halved from a year ago due to unrealistically lofty prices caused by government intervention, and prices are likely to stay high until the end of the second quarter which will cause exports to slump, traders said.!Between...
SINGAPORE said yesterday it will tighten rules to ensure developers reflect the size and layout of apartments more accurately as part of new measures to protect buyers who are less familiar with the property market.!From May 18, developers of...
JAPAN'S Mitsubishi and Mitsui said yesterday they will import liquefied natural gas (LNG) from the United States, amid a push to boost energy sources after last year's nuclear crisis.The country's two largest trading companies said they would each...
MALAYSIA'S economy has passed the turning point in its drive to reach high-income status by 2020, the head of the government's economic performance agency said, but politically sensitive fiscal reforms will only be pushed through gradually.!Idris...
Pakistan's foreign investment falls 65%KARACHI: Foreign investment into Pakistan fell nearly 65 per cent to US$516 million in the first nine months of 2011/12 fiscal year as direct investment dipped by almost half and fund flows turned negative, the...
LOWER rice output in parts of China and government stockpiling have propelled domestic prices to record highs, boosting the prospects for imports as the world's most populous nation struggles for self-sufficiency in grains.!China is expected to...
THE Cambodia Securities Exchange (CSX) finally began trading shares yesterday nine months after it officially opened, when a water monopoly became the first firm to list.Trading symbolically started at 09:09 am local time (0209 GMT) — the...
ASIAN markets yesterday bounced back from recent loses following some much-needed positive news out of Europe and an IMF report forecasting global growth would be stronger than first thought.Technology and financial shares were boosted by strong...
Wednesday, 18 April 2012
THAILAND will import 40,000 tonnes of palm oil in a move to stabilise palm oil price in the country.Government Deputy Spokesman Chalitrat Chantarubeksa said the Cabinet meeting today approved the importation to stabilise high prices of oil palm...
JAPAN said Tuesday it would pledge US$60.0 billion to the International Monetary Fund, saying it was a critical part of the organisation's bid to boost a global firewall against Europe's debt crisis.Finance Minister Jun Azumi said he hoped the move...
SMALL miners in Indonesia, a major producer of raw materials, need to team up with larger firms investing in smelters to avoid a 2014 ban on raw mineral exports, a government official said on Tuesday.Indonesia plans to ban exports of some...
India cuts rates; little room for moreMUMBAI: India's central bank cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited...
AN AUSTRALIAN firm has frozen development of a controversial A$1.2 billion (US$1.23 billion, $1.56 billion) brown coal-gas hybrid power plant after a ruling by a tribunal effectively delayed construction, putting the future of the project in doubt....
Tuesday, 17 April 2012
STATE-LINKED Singapore investment firm Temasek Holdings said Monday it will increase its stake in China's ICBC bank to 1.3 per cent by purchasing shares from US financial group Goldman Sachs.Dow Jones Newswires, citing the term sheet, said the deal...
SOUTH Korean Finance Minister Bahk Jae-wan has urged fellow G20 nations to send a strong message at this week's meeting in Washington that they are ready to take action on high oil prices, including releasing strategic oil reserves if necessary.!A...
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