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Tuesday, 24 June 2014

Japanese car makers recall 3m vehicles

2014-06-24 JAPANESE automakers on Monday recalled nearly three million vehicles worldwide over an airbag defect that could pose a fire risk. Honda said it recalled about 2.033 million vehicles which were produced between August 2000 and December 2005,...

Singapore prices up 2.7% in May

2014-06-24 SINGAPORE’S consumer price index (CPI)-All Items inflation picked up to 2.7 per cent in May from 2.5 per cent in April, due to base effects associated with fluctuations in certificate of entitlement premiums. A joint statement released by the...

Monday, 23 June 2014

Xpress Air confident of response for Pontianak to Johor route

2014-06-23 INDONESIAN airline Xpress Air, is confident its newly launched Pontianak-Johor Bahru route will receive encouraging response within the first six months of operations. Business Development Manager Fanny Andri Rifai said there were a number of key...

Car industry struggles to fix air bags despite mass recalls

2014-06-23 A YEAR ago, Japan’s Takata Corp, the world’s second-largest maker of auto safety parts, believed it had finally contained a crisis more than a decade in the making.It was wrong.More than a million Honda Motor Co Ltd vehicles could be subject to an...

China, Russia to embrace first bilateral expo soon

2014-06-23 EXTENSIVE exchanges will be at the forefront when Chinese and Russian delegates meet at the first China-Russia Exposition later this month, according to sources with the event’s organization committee.Scheduled to open on June 30, the event is...

Mitsubishi opens nickel mining, smelting business in Indonesia

2014-06-23 JAPANESE integrated business enterprise Mitsubishi Corporation, popular in the country for its automotive products, expects to start its nickel mining and smelting projects in Weda Bay, Halmahera in Indonesia by the end of the year through joint...

Korean TV dramas nudge Asian shoppers

2014-06-23 THE export success of South Korea’s TV dramas has spawned a hard-selling world of branded entertainment that uses product placement to push everything from smartphones to lipsticks. The so-called Hallyu (Korean Wave) of TV shows and pop music has...

Saturday, 21 June 2014

Philippinesenator heldover graft

2014-06-21 A PHILIPPINE senator who rose to fame as an action movie hero was arrested yesterday, becoming the first politician detained over a massive corruption scandal allegedly involving dozens of lawmakers.Ramon “Bong” Revilla surrendered following an...

Philippine, US ships to hold drill near disputed waters

2014-06-21 PHILIPPINE and US warships are set to kick off joint drills near disputed South China Sea waters next week, a Filipino military spokesman said Friday, amid escalating territorial rows between Beijing and its neighbours. The drills will be held off...

MH370 hunt to shift south

2014-06-21 THE drawn-out search for missing Malaysian Flight MH370 will revert to an area hundreds of kilometres south of the previously suspected crash site following new analysis of the plane’s flight path, a report said Friday.Investigators grappling to...

2 Indonesiansheld in boatmishap case

2014-06-21 MALAYSIAN authorities said yesterday they have arrested two Indonesian men in connection with one of two boat accidents that have left 15 people dead and 27 others still missing.Eighty-two people have been rescued so far in an ongoing search off...

Indonesia to cut mining export tax: Official

2014-06-21 INDONESIA is drafting a new mining export tax that would more than halve the base rate to be paid by miners but doubts remain whether it would be accepted by major copper miners and end a five-month-old dispute that has halted concentrate exports...

Thursday, 19 June 2014

Sustainable energy hub for Asia launched

2014-06-19 THE Asian Development Bank and two UN agencies launched a hub Wednesday to mobilise investments and innovation to bring clean energy to the Asia Pacific region, where more than 600 million people lack electricity and 1.8 billion use firewood and...

New Acer chairman tapped to reverse decline

2014-06-19 TAIWAN’S Acer Inc on Wednesday said it has appointed co-founder and board member George Huang as new chairman, tasked with overseeing the recovery of the PC maker’s near-dominant position in a shrinking industry.Huang, an Acer veteran who has...

Trade group: Plunging coal prices could drive small firms out of business

2014-06-19 PLUNGING thermal coal prices will force some small and low-margin producers in Indonesia out of business before year-end, an industry group said, cutting output capacity in the world’s top exporter.The benchmark for Asian coal prices has dropped 16...

Thai AirAsia X mounts maiden flight for Bangkok-Seoul route

2014-06-19 AIRASIA X Bhd’s associate company, Thai AirAsia X Co Ltd, Thailand’s first low-cost, long-haul carrier, launched its inaugural flight with a full load factor of 377 passengers. Thai AirAsia X’s Chief Excecutive Officer Nadda Buranasiri said the...

Mandala to make final touchdown on July 1

2014-06-19 THE Board of Directors of PT Mandala Airlines (Mandala) announced that its airline, operating under the brand name of Tigerair Mandala, will cease operations from July 1, 2014. Tigerair Mandala is a low-cost airline headquartered in Jakarta,...

Wednesday, 18 June 2014

Thai rice farmers paid US$2.9b in arrears

2014-06-18 THAILAND’S military government has paid rice farmers all the arrears of 92.4 billion baht (US$2.86 billion) owed under a controversial state purchase scheme, a senior official of the bank that funded the programme said on Tuesday.The move ended...

M’sia, HK boost Islamic finance tie-up

2014-06-18 THE Securities Commission Malaysia (SC) will continue its close cooperation with the Securities and Futures Commission of Hong Kong (SFC) and other stakeholders to strengthen the Hong Kong-Malaysia Islamic finance proposition. SC Chairman Ranjit...

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