Business » Asia

Wednesday, 6 August 2014

Taipei, Beijing restart talks on goods trade agreement

2014-08-06 REPRESENTATIVES from China and Taiwan have reached an agreement to restart formal negotiations on a free-trade pact that would eliminate tax on the vast majority of goods flowing between the two, Taiwan officials said Tuesday.The negotiations,...

Tuesday, 5 August 2014

Freeport Indonesia to restart copper exports tomorrow

2014-08-05 FREEPORT-MCMORAN Inc’s Indonesia unit will resume copper concentrate exports by Wednesday, the company’s local CEO said on Monday, after it resolved a six-month old tax dispute with the government.Freeport, which runs one of the world’s biggest...

Australia: G20 must focus on trade post WTO talks

2014-08-05 AUSTRALIA is urging the Group of 20 advanced and emerging countries to put more emphasis on boosting global trade in their proposals for economic growth, particularly in the wake of last week’s collapsed World Trade Organization customs pact.G20...

Singapore manufacturing hits 1-year peak in July

2014-08-05 SINGAPORE’S manufacturing activity expanded in July at its fastest rate in a year as orders in the key electronics sector surged, a survey showed on Monday, adding to evidence that factory activity across Asia picked up last month. The Singapore...

Monday, 4 August 2014

Japan’s messaging app eyes Tokyo, US listing

2014-08-04 A MESSAGING app launched in the aftermath of Japan’s 2011 earthquake and tsunami, Line is moving towards a possible dual listing in Tokyo and New York as it jostles for space in an increasingly crowded and imaginative market.Combining instant...

China July services PMI falls to six-month low

2014-08-04 GROWTH in China’s services sector slipped to a six-month low in July as new orders rose at their weakest rate in at least a year, data showed, taking some of the shine off an industry that has been a bright spot in the Chinese economy this year....

GM eyes other supplies after blast

2014-08-04 GENERAL Motors said yesterday that it had asked its main Chinese supplier to find an alternative source of components after an explosion ripped through a factory a day earlier killing at least 69 people. The accident at the Zhongrong Metal...

Saturday, 2 August 2014

Singapore implements stock market reforms

2014-08-02 SINGAPORE will implement wide-scale reforms to its equity market rules following a penny-stock scandal last year, its central bank and stock exchange announced on Friday. After a three-month public consultation process that ended on May 2, the...

Friday, 1 August 2014

Sony posts turnaround on PS4 sales,yen

2014-08-01 SONY said on Thursday it saw a US$261 million first-quarter net profit thanks to brisk sales of its PlayStation 4 console and a weak yen, but said it still expects a full-year loss.The company’s net profit came to 26.8 billion yen (US$261 million)...

S’pore risks business credentials with foreign labour curbs

2014-08-01 SINGAPORE risks tarnishing its business-friendly reputation by implementing new labour laws that require companies to prioritise hiring locals over foreigners for middle income jobs, analysts say.From Friday, large and medium-sized companies...

Wednesday, 30 July 2014

Airbus terminates sale of jets to Japan’s Skymark

2014-07-30 AIRBUS Group NV said on Tuesday it has terminated an agreement to deliver six A380 superjumbo jets to Skymark Airlines Inc after the Japanese discount carrier struggled to raise enough cash to pay instalments on the aircraft.In a briefing in Tokyo...

Honda quarterly profit surges 19.6% to US$1.4b

2014-07-30 JAPANESE automaker Honda said Tuesday its latest quarterly net profit jumped 19.6 per cent to US$1.4 billion thanks to a weak yen and growth in global auto sales, as it boosted its full-year profit forecast.Honda said it earned 146.5 billion yen,...

China probes Microsoft ‘monopoly’

2014-07-30 CHINA is investigating Microsoft for allegedly operating a monopoly in its market, the government said Tuesday, as it took aim at the US software giant over business practices. The move makes the company the latest foreign firm to face Beijing’s...

Tuesday, 29 July 2014

China gov’t officials make sudden visits to Microsoft offices

2014-07-29 CHINESE government officials have made sudden visits to Microsoft Corp offices in China, a spokeswoman for the company said yesterday, but declined to give any reason for the inspections.China’s State Administration for Industry and Commerce, which...

Thailand’s Asia Aviation cuts 2014 passenger target

2014-07-29 THAILAND’S Asia Aviation has lowered the year’s passenger target for budget carrier Thai AirAsia to 12.6 million from 13.3 million due to the impact of the country’s political crisis.Thai AirAsia, like other domestic carriers, suffered a slowdown...

80% of Thai rice in good condition

2014-07-29 AROUND 80 per cent of the rice being held in Thai state stockpiles after being bought from farmers under the former government’s intervention scheme is in good condition, a member of the current military government said on Monday.“Now the...

Samsung postpones launch of Tizen

2014-07-29 SAMSUNG Electronics Co said yesterday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company's ambition to create a mobile platform to rival Google's Android or Apple’s iOS.The South Korean company had...

Philippine Islamic bank eyes new life after years of struggle

2014-07-29 A PEACE plan, a lifting of foreign ownership limits and the drafting of new Islamic banking rules in the Philippines could help breathe new life into one of the world’s oldest Islamic finance institutions.Since 1974, Makati-based Al Amanah Islamic...

Mexico, Japan ink carbon trade deal

2014-07-29 JAPAN and Mexico have signed a deal for Japanese companies to earn carbon credits by investing in technology to cut greenhouse gas emissions in Mexico – in Japan’s 12th bilateral carbon agreement.The programme, known as the Joint Crediting...

McDonald’s China yanks flagship burgers off menu

2014-07-29 MCDONALD’S outlets across China have yanked their flagship burgers from the menu, the company said yesterday, as the American owner of a key supplier embroiled in an expired meat scandal offered consumers a personal apology.Authorities in Shanghai...

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