Business » Asia

Thursday, 2 October 2014

Thailand approves US$11.2 billion measures to lift growth: Deputy PM

2014-10-02 THAILAND’S military government has approved measures worth a combined 364 billion baht (US$11.2 billion) on Wednesday to help revive an economy laid low by months of political unrest.Deputy Prime Minister Pridiyathorn Devakula, who is in charge of...

Japan business confidence up

2014-10-02 CONFIDENCE among major Japanese manufacturers improved in the last quarter after a precipitous drop in the previous three months, a Bank of Japan survey showed Wednesday, but analysts warned the economy was not yet back on track.The surprise result...

Samsung rejects claims of Galaxy Note defect

2014-10-02 SAMSUNG on Wednesday rejected claims that its new oversized smartphone had a defect, after some customers posted pictures of a gap between the frame and display panel.The South Korean electronics giant, which had poked fun at rival Apple over...

Maybank gets licence to open branch in Myanmar

2014-10-02 THE Central Bank of Myanmar has granted Malayan Banking Bhd (Maybank) a banking licence to open a branch office in the country, which will help the banking group further strengthen its regional footprint in ASEAN. Maybank, the fourth largest bank...

XL Axiata sells telecom towers to Solusi Tunas for US$460m

2014-10-02 INDONESIAN mobile telecom operator PT XL Axiata Tbk will sell 3,500 communication towers to telecom infrastructure firm PT Solusi Tunas Pratama Tbk in a 5.6 trillion rupiah (US$460 million) deal that will help it cut mounting debt.After a three-...

Wednesday, 1 October 2014

China factory activity misses estimate

2014-10-01 CHINA’S manufacturing activity came in below initial expectations in September, HSBC said yesterday, adding to pressure for Beijing to address slowing growth in the world’s second-largest economy.The British bank’s final purchasing managers index (...

China takes boldest step yet to lift housing market

2014-10-01 CHINA cut mortgage rates and downpayment levels for some home buyers on Tuesday for the first time since the 2008 global financial crisis, making one of its biggest moves this year to boost an economy increasingly threatened by a sagging housing...

More gloomy data casts doubt on Japan economic recovery

2014-10-01 JAPAN’S factory output saw a surprise drop and household spending kept falling in August, data showed Tuesday, fanning fears about the impact of April’s sales tax rise on the economy.The figures will add to worries that the country’s tentative...

Apple suppliers ready for China iPhone 6 demand

2014-10-01 WITH the launch of Apple’s eagerly anticipated iPhone 6 finally on the horizon for Chinese fans, the US company’s supply chain is geared up and ready to deal with any surge in demand from the world’s largest smartphone market.The iPhone 6 and 6...

Tuesday, 30 September 2014

Foreign firms still await China FTZ reform bonanza

2014-09-30 CHINA yesterday hailed the first anniversary of its first free-trade zone (FTZ), but foreign companies expressed disappointment over the pace of pledged reforms as they await real business opportunities.The FTZ was set up in China’s commercial hub...

Hong Kong to see more sukuk issuances in near term

2014-09-30 HONG KONG is expected to see more sukuk issuances in the near future, following the launch of its first Islamic bond this month, says a Chinese banker. “Going forward, it is safe to say that there will be more sukuk issuances, such as renminbi-...

China to start direct currency trading with euro

2014-09-30 CHINA will begin direct trading between its yuan currency and the euro starting today, the national foreign exchange market’s operator said, as Beijing seeks to broaden the unit’s global usage.The China Foreign Exchange Trade System already offers...

Vietnam’s growth accelerates despite anti-China riots

2014-09-30 VIETNAM’S economy grew at its fastest rate for three years in the first nine months of 2014, government figures showed on Monday, despite deadly anti-China riots that targeted factories and threatened to dent foreign investment. Gross domestic...

HK protests deepen retail gloom

2014-09-30 INCREASING civil unrest in Hong Kong is scaring off Chinese tourists, heaping further pressure on retailers which are already grappling with a protracted slowdown in sales. Central Hong Kong descended into chaos on Sunday as pro-democracy...

Monday, 29 September 2014

India turns to nuclear energy

2014-09-29 INDIA’S new prime minister is turning to nuclear energy to ease a power crisis made worse by the cancellation of hundreds of coal mining permits, but he faces scepticism both at home and abroad.Energy-starved India relies on coal to produce two...

Sri Lanka’s cinnamon spice success

2014-09-29 TEN years after the Asian tsunami devastated Sarath Kumara’s cinnamon plantation in Sri Lanka, forcing him to start over with nothing, the farmer faces a new threat from further afield. Sri Lanka is the world’s leading cinnamon supplier thanks to...

Japan’s SoftBank in talks to buy DreamWorks

2014-09-29 JAPAN’S SoftBank Corp is in talks to acquire DreamWorks Animation SKG , the Hollywood studio behind the “Shrek” and “Madagascar” movie hits, a person with knowledge of the situation said.An acquisition of DreamWorks by SoftBank would make it part...

Singapore tops startup spot in SE Asia

2014-09-29 MORE venture capital (VC) deals happen here than in neighbouring countries. And about 40 per cent of all start-up acquisitions in the region happen here.Last year, US$454 million worth of venture capital deals were done in Singapore, compared with...

Tech sector sizzles in Myanmar

2014-09-29 FROM navigating gridlocked city roads to playing a favourite national sport, new homegrown apps are blossoming in Myanmar as cheap mobile technology ignites an Internet revolution in the once-isolated nation.Myanmar web surfers were once paradigms...

Japan unit to expand Islamic banking ops

2014-09-29 BANK of Tokyo-Mitsubishi UFJ (M) Bhd (BTMU Malaysia), which has issued the world’s first yen-denominated “Emas” sukuk (Islamic bonds), is expanding its Islamic banking operations in the country by eyeing more non-Japanese Malaysian firms, including...

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