Business » Asia

Monday, 11 August 2014

Japan eyeing halal market, looking at Malaysia as a base

2014-08-11 JAPANESE food and beverage companies which are aggressively developing their halal industry are looking at establishing centres in Malaysia. The Japan External Trade Organisation (Jetro) said Malaysia has shown very good progress in the halal...

India seeks growth, lower inflation

2014-08-11 THE Reserve Bank of India, which wants to bring retail inflation down to six per cent, yesterday received conditional support for this target from Finance Minister Arun Jaitley who is putting emphasis on stronger economic growth.The central bank...

High-end ‘micro-flats’ latest trend for HK home buyers

2014-08-11 AT A GLITZY show stall for a new residential development in Hong Kong, property agents with loudspeakers are promoting the latest trend in the overcrowded city – high-end “micro-flats” which still come with an eye-watering price tag.Hong Kong’s...

Saturday, 9 August 2014

S’pore economy expands

2014-08-09 SINGAPORE’S trade-sensitive economy grew 3.5 per cent in the first half and was on track for 2.5-3.5 per cent expansion this year, Prime Minister Lee Hsien Loong said Friday. “Our economy grew 3.5 per cent in the first half of 2014, and is...

Toyota: China anti-trust probe extends to Lexus

2014-08-09 TOYOTA Motor Corp said Friday that Chinese anti-monopoly regulators are looking at its Lexus luxury unit in a spreading investigation of foreign automakers.The company is “cooperating fully with the queries from the authorities on Lexus”, said...

Friday, 8 August 2014

Newmont seeks injunction to reopen Indonesian mine

2014-08-08 NEWMONT Newmont Mining Corp said on Thursday it is applying for an injunction to get workers back to its Batu Hijau mine as it fights a controversial tax on copper exports that led the company to halt shipments from Indonesia this year.The top US...

China probes on foreign firms trigger protectionism concerns

2014-08-08 CHINA’S recent probes into Microsoft Corp and car companies including Audi and Chrysler have rekindled concerns that Beijing may be using an anti-monopoly law to support domestic firms at the expense of foreign companies. On Wednesday, the State...

Better sales, cost control push up Acer Q2 profits

2014-08-08 TAIWAN’S struggling personal computer maker Acer said Thursday its net profit rose sharply in the second quarter on better sales and cost control following a series of internal reforms.Acer posted a net profit of T$485 million (US$16.2 million) in...

‘Banks treated like criminals for lapses’

2014-08-08 BANKS are being penalised too harshly for lapses in anti-money laundering efforts, Standard Chartered Plc’s head of Asia operations said – the second senior bank executive this week to voice frustration over what many in the industry see as...

Thursday, 7 August 2014

Indonesian importers cancel Aussie sugar orders

2014-08-07 A NUMBER of Indonesian sugar refiners have had to cancel import deals for up to 400,000 tonnes of the sweetener from Australia after Jakarta issued fewer permits than expected this year, industry sources said on Wednesday.The world’s top raw sugar...

China to ‘punish’ foreign auto makers for ‘monopoly’

2014-08-07 CHINA stepped up pressure on foreign carmakers in the world’s biggest auto market Wednesday, pledging to punish German luxury brand Audi and Chrysler of the United States for “monopoly behaviour.” The National Development and Reform Commission (...

Apple, Samsung call truce on patent wars outside US

2014-08-07 ARCH-RIVALS Samsung and Apple decided Wednesday to drop all patent disputes outside the United States, marking a partial ceasefire in a long-running legal war between the world’s two largest smartphone makers.Both companies have been locked in a...

Wednesday, 6 August 2014

Toyota profits rise 5% on brisk sales

2014-08-06 TOYOTA Motor Corp reported a 5 per cent jump in quarterly profit Tuesday, outpacing expectations as vehicle sales grew in North America and Europe, offsetting a drop in Japan. The Japanese maker of the Prius hybrid, Camry sedan and Lexus luxury...

India defends WTO stance

2014-08-06 INDIA has defended its decision to scuttle a landmark worldwide trade deal, saying its farmers faced suicide and starvation if the government had backed down on its tough stand at the WTO. Finance Minister Arun Jaitley said the new right-wing...

9-year low for China services inJuly: index

2014-08-06 GROWTH in China’s services sector slowed sharply in July to its lowest level in nearly nine years, a private sector survey showed on Tuesday, indicating a recovery in the broader economy is still fragile and may need further government support....

Chinese handset maker wins over Samsung at home

2014-08-06 XIAOMIi, a Chinese handset maker little known in the West, overtook tech giant Samsung Electronics Co. to become China’s top-selling smartphone brand in the second quarter, a market research company said Tuesday.According to Canalys, Xiaomi sold 15...

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...

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