Business » Asia

Saturday, 13 September 2014

Forum shows readiness of governments for AEC

2014-09-13   THE ASEAN Business Club (ABC) Forum showed the readiness of governments and ASEAN member states for an integrated economic region under the ASEAN Economic Community (AEC) and the role business leaders can play to accelerate these efforts and...

Vietnam Airlines set for partial privatisation in November

2014-09-13     VIETNAM Airlines said it will be partially privatised in November, part of a long-delayed drive to sell off the communist country’s mostly inefficient state-owned enterprises. Around 25 per cent of the national carrier will be sold in an...

Friday, 12 September 2014

SEA outlook remains positive: Goldman Sachs

2014-09-12 THE overall outlook for Southeast Asian markets is positive in the future despite uncertainty over interest rates, local press reported Thursday.Benefited from the rising middle-income group, urbanisation and growing productivity, Southeast Asian...

Hong Kong raises US$1b from inaugural sukuk issuance

2014-09-12 THE Hong Kong government has raised US$1 billion from its inaugural issuance of sukuk, or Islamic bonds.The issuance attracted an order book of US$4.7 billion for the five-year deal, the Hong Kong Monetary Authority (HKMA) said on Thursday.The...

Maybank Kim Eng, Maybank bag 15 industry awards

2014-09-12 MAYBANK Kim Eng and Maybank have recently won 15 industry awards, further affirming their market leading positions in Southeast Asia. The awards comprised 12 awards from Alpha Southeast Asia, three from Asian Banking and Finance, and another from...

YTL to buy 49% stake in Indian thermal power firm

2014-09-12 INFRASTRUCTURE conglomerate, YTL Corporation Bhd, is in talks with India’s NSL Group to acquire up to 49 per cent stake in NSL Orissa Power and Infratech, a thermal power business, the Economics Times reported. YTL, which reported US$6.1 billion...

China’s Internet regulator warns foreign firms

2014-09-12 A SENIOR official with China’s Internet regulator has warned that foreign firms should not harm the country’s interests and security while making big money from this market.The bottom line of the Chinese government concerning the management of...

Thursday, 11 September 2014

Chinese premier promises more open economy

2014-09-11 CHINA’S premier promised Wednesday to open the world's No. 2 economy wider to foreign companies, promising favourable conditions despite a wave of anti-monopoly investigations that business groups say might be aimed at limiting competition....

Apple to charge banks in new payment system: Bloomberg

2014-09-11 APPLE Inc will charge fees from banks every time consumers use their iPhone to make purchases, a move that will give the company a cut of the growing mobile payments market, Bloomberg reported citing people with knowledge of the arrangement.Apple...

M’sia has training capability in Islamic banking: report

2014-09-11 MALAYSIA has the capability to help train many countries in Islamic banking products due to the country’s position as one of the key players in Islamic finance, according to a report. In the report entitled “Malaysia, Gateway to ASEAN”, published...

Recruit plans US$1.8b IPO

2014-09-11 JAPAN’S largest recruitment company Recruit Holdings said it is planning an initial public offering worth US$1.8 billion, which will test investor appetite for big Tokyo listings after some weak debuts this year.The IPO will help Recruit pay for...

Philippine FDI inflows surge to US$588m in June

2014-09-11 FOREIGN direct investments (FDI) in the Philippines posted net inflows amounting to US$588 million in June, a turnaround from the US$26 million net outflows registered a year ago, the local central bank said Wednesday.“This developed as increases...

Myanmar invites private sector to help build tin smelters, refineries

2014-09-11 MYANMAR has invited expressions of interest from private sector companies to jointly set up tin smelting and refining plants, the country’s Ministry of Mines said on Wednesday.The move comes as developing nations make a bigger push to capture more...

China-Taiwan investment surges

2014-09-11 INVESTMENT between the Chinese mainland and Taiwan has surged this year, a spokesman said on Wednesday. In the first seven months of 2014, mainland authorities approved 1,284 projects featuring investment by Taiwanese businesses, a 10.2 per cent...

Australia’s economy faces difficult ride: analysts

2014-09-11 AS AUSTRALIA approaches a sharp fall-off in resources investment later this year, the question dominating the outlook for the mining-dependent economy is where growth will come from next.The search for the next growth cycle became more urgent...

Tuesday, 9 September 2014

Japan economy shrinks 1.8% in Q2

2014-09-09 JAPAN’S economy shrank more than estimated in April-June, revised data showed yesterday, piling pressure on the government to delay another sales tax hike, while the central bank faces calls to expand its stimulus.The figures will come as a blow to...

State support for job cuts boosts MAS plan

2014-09-09 THE plan to save Malaysia Airlines (MAS) could succeed where past endeavours have failed because the government has finally put politics aside by agreeing to sweeping job cuts, people briefed on the restructuring told Reuters.The job cuts – if they...

Investment event focused on halal products in Spain

2014-09-09 THE World Islamic Economic Forum (WIEF) Foundation, in collaboration with the Fundacion Agropolis de Cordoba, is organising an investment event focusing on Halal agriculture, food products and tourism in Cordoba, Spain next year. WIEF Foundation...

Monday, 8 September 2014

Asians grabbing hot London property

2014-09-08 LONDON property is hotter than ever, with Asian investors - especially those from Singapore and Hong Kong - and increasingly confident British buyers snapping up units, consultants say.But though prices continue to rise, there does not appear to be...

Online shopping flourishes in Indonesia

2014-09-08 BEING an online-shopping enthusiast, Indonesia's Youth and Sports Minister Roy Suryo recently bought a fixed-gear bicycle, known as a fixie, from an online shop after seeing an advertisement on one of the country’s largest online retailers.After...

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