Business » Asia

Monday, 27 April 2015

Big China steel mills thrive, stoke fears of huge exports

2015-04-27 PLUNGING iron ore prices are providing a lifeline for some of China’s biggest steel mills, but raising the prospect of a rising tide of exports and increased friction with the European Union and countries such as India.Even as China’s domestic...

Silk Road Fund, AIIB vital to ‘belt-road’ strategy

2015-04-27 THE Silk Road Fund and Asia Infrastructure Investment Bank (AIIB) are integral to the ‘Belt-Road’ strategy, Hong Kong Chief Executive, Leung Chun-ying said yesterday. “With a final funding target of US$40 billion, the Silk Road Fund will provide...

‘Step-by-step’ approach towards ASEAN economic integration

2015-04-27 ASEAN will continue to operate on the model of consensus to achieve regional economic integration and tackle underlying issues such as harmonisation of standards using a “step-by-step” approach, Malaysia's Minister of International Trade and...

ASEAN, EU to jumpstart talks on free-trade

2015-04-27 SOUTHEAST Asia and the European Union (EU) agreed on Sunday to take steps toward resuming stalled talks on a free-trade agreement between the two regions.The 10-member Association of Southeast Asian Nations (ASEAN) and the EU had launched...

Malaysia-EU free trade agreement needs to be inked

2015-04-27 THE European Commissioner For Trade, Cecilia Malmstrom has called for a speedy conclusion to the Malaysia-European Union (EU) free trade agreement (FTA). She said this is to not only foster bilateral trade but also use Malaysia as a springboard to...

Saturday, 25 April 2015

Oil prices slip in Asian trade

2015-04-25 OIL prices slipped on profit-taking in Asia Friday, unwinding sharp gains in the previous session fuelled by concerns unrest in the Middle East could hurt supplies from the crude-rich region, analysts said. US benchmark West Texas Intermediate (...

Vietnam’s Jan-April rice exports dip to 2.04m tonnes

2015-04-25 VIETNAM’S rice exports in the first four months of 2015 are estimated to have eased 0.5 per cent from a year ago to 2.04 million tonnes, the government said on Friday.Revenue from shipments of the grain in January-April would reach an estimated $...

2015 ‘crucial year’ for Chinese nuclear energy sector

2015-04-25 EIGHT new nuclear reactors in China will go online this year and six to eight others will be approved, a senior industry official said on Wednesday.“The year 2015 marks an important year for China to resume its nuclear power programme after Japan's...

Mazda projects modest rise in operating profit

2015-04-25 JAPAN’S Mazda Motor Corp on Friday forecast a modest 3.5 percent rise in operating profit in the year ahead, as losses from the yen’s strength against the euro, Australian dollar and Thai baht take the shine off higher vehicle sales.For the year...

Rosy economic outlook seen for Philippines

2015-04-25 THE Philippine economy is projected to expand significantly over the next decade and a half to become one of Southeast Asia’s heavyweights, fueled by a growing middle class and a resurgent manufacturing sector.IHS Global, a think tank, said that...

More Japanese firms hiringpeople aged 65 or older

2015-04-25 THE number of corporations keeping employees beyond age 65 is on the rise.Despite the economy being on the course of recovery, improving the nation’s employment rate, it is still quite difficult for the freshly graduated to find work.On the other...

Friday, 24 April 2015

South Korea economy picks up, may need more stimulus

2015-04-24 SOUTH Korea’s economic growth picked up in January to March after plunging in last-quarter 2014, but the economy still faces challenges such as a slowing China and poor domestic tax revenue.The central bank trimmed its benchmark interest rate in...

Malaysia’s EPF plans to offer Islamic investment option

2015-04-24 MALAYSIA’S US$160 billion state pension fund will offer an Islamic investment option to its members by 2017 which would create the world’s largest syariah-compliant fund of its kind, Prime Minister Najib Razak said on Thursday. The move could...

Thursday, 23 April 2015

Japan logs first monthly trade surplus in 3 years

2015-04-23 JAPAN on Wednesday posted its first trade surplus in nearly three years as exports to North America soared and energy bills fell, giving an important psychological boost to Tokyo’s bid to revive the flagging economy.Finance ministry data showed...

Chinese cybersecurity rules could backfire: Huawei CEO

2015-04-23 CHINA can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei’s rotating chief executive Eric Xu said on Tuesday.Xu’s remarks are a rare example of a...

Indian rail to raise rupee bonds offshore

2015-04-23 INDIAN Railways Finance Corp, the finance arm of Asia’s largest rail network, plans to raise up to US$1 billion through offshore rupee bonds, making it the first domestic issuer to eye so-called “masala” debt to diversify its source of funds.The...

LG Display Q1 profit at 5-year high

2015-04-23 SOUTH Korea’s LG Display Co Ltd on Wednesday said January-March profit hit the highest in at least five years, buoyed by brisk sales of new smartphones by client Apple Inc and healthy television panel demand. LG Display previously said profit for...

China’s slowdown will not affect trade, says Perdasama

2015-04-23 MALAYSIA-CHINA trade will not be affected despite the economic slowdown in China, says the Malay Businessmen and Industrialists Association of Malaysia (Perdasama). Its vice president II, Datuk Naim Mohamad, said China had on Sunday cut the reserve...

Wednesday, 22 April 2015

Asian stocks walk behind Wall Street positive lead

2015-04-22 ASIAN markets yesterday followed a positive lead from Wall Street while the euro retreated as investors kept a cautious eye on Europe, where Greece is struggling to pay its debts.Tokyo jumped 1.40 per cent, or 274.60 points, to finish at 19,909.09...

Toyota exec nominated for Japan Central Bank Board

2015-04-22 THE Japanese government has nominated a former executive at Toyota Motor Corp, one of the biggest corporate beneficiaries of the cheap Japanese yen resulting from drastic monetary easing, to be a board member of the central bank.After lawmakers...

Pages