Business » Asia

Friday, 8 April 2016

7-Eleven CEO quits after boardroom row

2016-04-08 A JAPANESE executive credited for the global success of 7-Eleven convenience stores said yesterday he would quit the company after losing a boardroom battle that critics said was aimed at putting his son in charge.The high-profile spat saw 83-year-...

China aims to cut corn planting in farming belt by a third

2016-04-08 CHINA aims to reduce corn planting in parts of its farming belts by around a third over five years, representing an area larger than Belgium, and switch to crops such as soybeans or potatoes after ending policies to support corn prices.China...

Thursday, 7 April 2016

Samsung regains smartphone share in India with new phones

2016-04-07 SAMSUNG Electronics Co Ltd is regaining smartphone share in India with a revamped line-up packed with special features including a safety mode for motorcyclists, as rival Apple Inc readies a renewed push into the world’s fastest-growing market....

Malaysia’s Feb exports rebound

2016-04-07 MALAYSIA”S exports in February rose faster than forecast due to stronger palm oil demand and a jump in tech shipments to the United States.Exports in February grew 6.7 per cent from a year earlier, government data showed on Wednesday, more than...

Japan’s Abe rules out currency intervention

2016-04-07 JAPANESE Prime Minister Shinzo Abe has ruled out intervening in currency markets to halt a surge in the yen, despite the unit sitting near a year-and-a-half high against the US dollar yesterday. Huge volatility on equity markets driven by worries...

Wednesday, 6 April 2016

Korea’s cafe market nearly saturated

2016-04-06 SOUTH Korea’s coffee shop craze is frothing over. In fashionable retail and commercial districts of southern Seoul, nearly one in every two buildings boasts a coffee shop - evidence of a boom that has delivered dizzying growth for the likes of...

Leaked papers reveal tax secrets of Asia’s elite

2016-04-06 AN UNPRECEDENTED leak of tax documents has cast the spotlight on hidden financial dealings of relatives and aides of Asia’s ruling elite, including Chinese President Xi Jinping, Pakistani Prime Minister Nawaz Sharif and Malaysian Premier Najib...

Tuesday, 5 April 2016

India’s Iran oil imports set to surge to 7-yr high

2016-04-05 INDIA is set to import at least 400,000 barrels per day (bpd) of Iranian oil in the year from April 1, with refiners looking to ramp up purchases after the sanctions targeting Tehran ended in January, industry sources familiar with the matter said...

South Korea economy shows signs of rebound

2016-04-05 SOUTH Korea has shown signs of a rebound from February onward, but a clear upward trend has still to emerge and there are increasing downside risks, the country’s vice finance minister said on Monday. “We saw a sluggish first quarter as the...

Myanmar FDI grows to record US$9b

2016-04-05 FOREIGN direct investment (FDI) in Myanmar in the fiscal year ending in March grew to nearly US$9 billion, a government official said on Monday, after a rush of last-minute approvals before the handover of power to Aung San Suu Kyi’s administration...

‘Halal industry can be lifted to higher level’

2016-04-05 THE Malaysian halal industry can be lifted to a higher level based on the positive response received from trade buyers and conference participants at the just concluded World Halal Week 2016. The event was hosted by Malaysia’s Ministry of...

China’s Li says tax reforms to create 10 million jobs

2016-04-05 CHINESE Premier Li Keqiang (pic) said he expects tax reforms will lower the cost of innovation and help create jobs for more than 10 million university and vocational school graduates, according to a statement on the government’s web portal on...

Chinese farmers switch to growing soybeans

2016-04-05 WANG Zhonghai, a 49-year-old farmer in China’s top corn producing province of Heilongjiang, plans to switch 80 per cent of his land to cultivate soybeans this year as the government ends a near decade-old corn price support scheme. China announced...

Monday, 4 April 2016

Adani wins state approval for Australian coal project

2016-04-04 INDIA’S Adani Enterprises Ltd was granted approval by Australia’s Queensland state government yesterday to proceed with its proposed A$10 billion (US$7.7 billion) Carmichael coal project in the Galilee Basin. Queensland Premier Annastascia...

Producer coordination would stabilise oil prices: Kuwait

2016-04-04 KUWAIT said yesterday that an agreement on coordination between major OPEC and non-OPEC oil producers at a meeting in Doha in mid-April would help stabilise crude prices. “When there is coordination between major producers in OPEC and non-OPEC...

Astro to focus on ‘Malaynnials’

2016-04-04 IN VIEW of the fast growing Malay consumer market and higher purchasing power of this segment, advertisers are now competing and putting into motion initiatives to capture a larger slice of this important market.   With changing consumer trends,...

Art’s beauty in a money world

2016-04-04 AMID talk of a bearish outlook for the art market, some parts of the art world seem to be doing quite well. Despite the notorious volatility and illiquidity of art works and a highly unregulated market, the business of art-secured loans remains at...

Saturday, 2 April 2016

Japan biz mood sours to 3-year low

2016-04-02 BUSINESS sentiment among Japan’s big manufacturers deteriorated to the lowest in nearly three years and is expected to worsen in the coming quarter, a closely watched central bank survey showed yesterday, heightening pressure on Prime Minister...

China’s Anbang drops bid for Starwood Hotels

2016-04-02 CHINA’S Anbang and its partners said Thursday they had withdrawn a US$14 billion takeover offer for Starwood Hotels & Resorts Worldwide, leaving Starwood free to merge with Marriott International. In a brief statement, the Anbang-led...

AirAsia’s founders move to cut debt

2016-04-02 AIRASIA Bhd’s founders tightened their grip on Asia’s biggest budget airline with a deal to invest 1 billion ringgit (US$257 million) in it, helping the company to shore up its finances and cut debt. The move by Asia’s biggest budget airline to...

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