Business » Asia

Friday, 4 July 2014

Passenger traffic up 6.2%, says IATA

2014-07-04 GLOBAL passenger traffic grew by 6.2 per cent in May compared with the same month a year ago, said the International Air Transport Association (IATA). While this represented a deceleration compared to April 2013 traffic growth of 7.6 per cent, the...

Thai rice prices hit 4-month high due to tight supply

2014-07-04 AN INSPECTION of rice warehouses launched by Thailand’s military government this week thinned supply and drove Thai rice prices to four-month highs on Thursday, although demand remained thin, traders said.The military is checking rice warehouses...

MASwings scales back KK-Palawan service to thrice weekly

2014-07-04 BARELY a month of flying five times a week between Kota Kinabalu and Palawan, MASwings Sdn Bhd has reverted to three flights a week even as tourist traffic has started to pick up, officials said. Doreen Padilla of the Civil Aviation Authority of...

Samsung to build US$1b display factory in Vietnam

2014-07-04 THE display manufacturing unit of Samsung Electronics Co said Thursday it secured approval from Vietnam to build a US$1 billion factory in the Southeast Asian country.Samsung Display Co said that the plant in northern Vietnam will supply small...

Thursday, 3 July 2014

TPP an ‘insurance’ versus China slowdown, says NZ

2014-07-03 NEW Zealand’s inclusion in the proposed 12-nation Trans-Pacific Partnership (TPP) will help lower its exporters’ exposure to any downturn in the China market, Trade Minister Tim Groser said Wednesday. Groser told a gathering of China experts at...

M’sia needs big projects to push growth, says UN

2014-07-03 THE United Nations (UN) says Malaysia needs more mega projects to drive labour productivity and push the gross domestic producthigher from the 6.2 per cent registered in the first quarter of 2014. Michelle Gyles-McDonnough, the United Nations...

M’sian-backed firm expands Mindanao facility

2014-07-03 A MALAYSIAN-BACKED company is putting up a multi-million peso biomass power plant in the Autonomous Region in Muslim Mindanao (ARMM) as an expansion venture that would support its palm oil processing plant. Green Earth Enersource Corp registered...

China Eastern taps into budget segment with converted unit

2014-07-03 CHINA Eastern Airlines Corp Ltd launched on Wednesday its budget airline, becoming the first state-run carrier to tap the low-cost travel segment long dominated by privately run Spring Airlines. China Eastern said it would use the 80 Boeing 737...

S’pore to stop issuing $10,000 bill

2014-07-03 SINGAPORE is to stop issuing $10,000 banknotes, one of the world’s most valuable banknotes, as it tries to tighten its anti-money laundering controls. The Monetary Authority of Singapore (MAS) said on Wednesday that given the “risks associated...

Freeport says it has no plans for arbitration yet

2014-07-03 FREEPORT-MCMORAN Copper & Gold Inc is still in talks with Indonesia over a six-month dispute that has halted copper exports, and has no plan yet to follow Newmont Mining Corp in seeking international arbitration. Freeport confirmed its chief...

Wednesday, 2 July 2014

Deal with Rakuten marks AirAsia’s Japan comeback

2014-07-02 AIRASIA Bhd said on Tuesday it would set up a low-cost airline with Japan’s biggest online retailer Rakuten Inc and other firms, marking the budget carrier’s second attempt to tap one of Asia’s lucrative air travel markets. The new carrier,...

Miner seeks arbitration for row with Indonesia

2014-07-02 NEWMONT Newmont Mining Corp said on Tuesday it had filed for international arbitration against the Indonesian government over a near six month-old mining dispute that has halted the U.S.-based firm’s copper concentrate exports from the country....

Foreign brands lose ground in China

2014-07-02 FOREIGN brands in China’s consumer goods market are facing stiffer competition from domestic rivals, with about 60 per cent of firms overseas losing market share last year, a private study of 40,000 households showed on Tuesday. The China shopper...

Tuesday, 1 July 2014

S’pore most transparent real estate market in Asia

2014-07-01 SINGAPORE has been ranked as the top transparent real estate market in Asia, according to Global Real Estate Transparency Index 2014, which was published recently by financial and professional services firm Jones Lang LaSalle (JLL). Ranked the...

Sony: TV unit to do better

2014-07-01 SONY Corp is confident its TV division will move into the black this financial year after a decade in the red, even if it falls short of its volume sales target, the head of the newly independent division said on Monday. Masashi Imamura told a...

Foxconn diversifies, buys stake in Korean IT company

2014-07-01 TAIWAN technology giant Foxconn, the world’s biggest components maker, said Monday it has invested around US$365 million in a South Korean information technology service provider as it looks to diversify its business.The firm, also known by its...

Japan, US thresh out TPP issues

2014-07-01 JAPAN and the United States on Monday resumed their bilateral talks on deadlock issues related to the Trans-Pacific Partnership free trade talks.The three-day working level meeting will cover issues over tariffs on key farm products such as beef...

Tokyo’s May data show slowdown

2014-07-01 MIXED economic data for May suggests Japan’s economy is continuing to slow after a sales tax increase at the beginning of the second quarter.Government figures released Monday and last Friday showed that housing starts and household spending fell...

Saturday, 28 June 2014

Exports to buoy Malaysian economy, World Bank says

2014-06-28   MALAYSIA’S economy is expected to expand 5.4 per cent this year, picking up from growth of 4.7 per cent in 2013, as brightening exports outweigh an expected cooling in domestic demand, the World Bank said on Friday. Exports, a mainstay of the...

Friday, 27 June 2014

Thai rice rise to 3-month highs

2014-06-27 CHECKS by the military government in Thailand on its rice stocks have halted the flow of the grain from state warehouses to the market, pushing Thai rice prices to three-month highs though demand was subdued, traders said on Thursday. The military...

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