Business » Asia
Tuesday, 17 April 2012
MALAYSIA'S state investor Khazanah Nasional Bhd is expected to list its healthcare assets in Kuala Lumpur and Singapore in the second half, a deal that could fetch US$1.5 billion, two sources with direct knowledge of the deal told Reuters.!The...
INDIA'S headline inflation eased marginally in March helped by a softening in prices of manufactured goods, reinforcing expectations the central bank will cut interest rate for the first time in three years today to revive economic growth.!The...
Tourism summit opens in Japan amid 'turmoil'TOKYO: The international travel and tourism industry's annual summit opened in northern Japan Monday, as the sector moves to recover from a year filled with economic turbulence and natural disasters. The...
CHINA'S yuan weakened against the dollar yesterday, the first trading day after a landmark move by Beijing aimed at liberalising tight controls over the currency that have angered trade partners.The People's Bank of China said Saturday the unit...
ASIAN markets fell yesterday as Spain's debt troubles added to already downbeat sentiment caused by weak Chinese growth data and fading optimism over the US economy.The euro slipped further as investors became more risk-averse, while the yuan sank...
CHINESE regulators have urged better service in the rapidly growing aviation industry following incidents in which angry passengers stormed onto the tarmac at airports, state media said yesterday.Last week, 28 passengers travelling on Shenzhen...
Monday, 16 April 2012
THE US and the IMF welcomed China's decision to widen the trading band on the nation's currency, while analysts downplayed yesterday the likelihood of wide swings in the value of the yuan.The People's Bank of China, China's central bank, announced...
CHINA, Japan and South Korea agreed yesterday to work together to ensure food security and enhance their trade of agricultural products. The three neighboring Northeast Asian countries signed the agreement at a trilateral meeting on Jeju Island...
SARAWAK wants MASwings to fly an additional route on the Kuching-Pontianak-Yogyakarta sector to increase connectivity between the two destinations in the spirit of BIMP-EAGA, says Tourism and Housing Minister Datuk Amar Abang Johari Tun Openg.He...
JAPAN is considering lending about US$60 billion to the International Monetary Fund to help strengthen a global firewall against contagion from the European sovereign debt crisis, Kyodo news agency said yesterday.Tokyo is talking with some other key...
INDIA'S struggling Kingfisher Airlines is banking for survival on an expected government decision to allow foreign airlines to pick up stakes in domestic carriers.But experts say this may not be enough to save the cash-squeezed company.Its shares...
INDIA'S deficits and short-term debt levels are "disturbing," but it is not facing a repeat of a 1991 balance of payments crisis, says central bank chief Duvvuri Subbarao.!Dependent on imported oil which it then subsidises, India is...
KL to have permanent livestock auction centre!KOTA BAHARU: The agriculture and agro-based industry ministry has proposed to establish a rural transformation centre (RTC) in Bandar Baru Tunjong as the main and permanent avenue for livestock auction...
A RECORD number of 1.11 million overseas buyers have been invited to the 111th Canton Fair, which opens yesterday in Guangzhou, in a bid to spur the sluggish trade growth since January, organizers said. The spring session of the Canton Fair,...
Saturday, 14 April 2012
SINGAPORE avoided recession in the first quarter, analysts said, as data released Friday showed the economy grew an annualised 9.9 per cent, rebounding from a slump in the previous three months.At the same time, the central bank said it would...
TAIWAN'S introduction of a capital gains tax will probably not drive investors away from the stock market, though it might reduce turnover as the new tax promotes longer-term investment, some fund managers said on Friday.The government revealed its...
INDIA has taken the United States to the World Trade Organisation over duties on Indian steel products, according to a notice Friday, in the latest commercial row between the nations.The move by New Delhi came after Washington imposed duties of...
S Korea freezes interest rate for 10th monthSEOUL: South Korea's central bank on Friday held its key interest rate for a 10th straight month amid lingering concerns about inflation and slow economic recovery. The Bank of Korea Governor Kim Choong-...
Friday, 13 April 2012
SONY corp said it would post a restructuring charge of about 75 billion yen (US$926 million) in the year to March 2013, and aims to cut its fixed costs in the TV business by 60 per cent in the 2013/14 business year from this year's levels, and trim...
Indian economy remains sluggishNEW DELHI: India's industrial production grew at a slower-than-expected pace in February, weighed down by a contraction in consumer durables and consumer goods, reinforcing expectations that the central bank could soon...
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