Business » Asia

Thursday, 26 June 2014

Thai Airways plans bond issuance for debt servicing

2014-06-26 THAI Airways International Pcl is planning to sell up to 15 billion baht (US$464 million) of hybrid bonds in July to help reduce debt at the loss-making carrier.The bond issue comes after the resignation last week of five board members, enabling...

MAS studies turnaround options

2014-06-26 MALAYSIA Airlines (MAS) is considering all options for radical changes to turn around the troubled airline but chief executive officer Ahmad Jauhari Yahya has denied talks with foreign airlines. Ahmad Jauhari also refused to rule out drastic...

Foxconn unit sues Japanese firms over patent dispute

2014-06-26 TAIWANESE technology giant Foxconn said Wednesday an affiliate has filed a lawsuit in the United States against three top Japanese companies for allegedly infringing on its patents.MiiCs & Partners, which assists patent holders to design,...

Wednesday, 25 June 2014

Singapore to launch gold pricing mechanism

2014-06-25 SINGAPORE is set to announce the launch of a gold futures contract on Wednesday, two sources familiar with the matter said, joining a race in Asia to provide a viable alternative to the metal’s global benchmark which is under regulatory scrutiny....

New bank liquidity rules pitched

2014-06-25 SINGAPORE is to bring in new rules to ensure all banks operating in the city-state have enough liquid assets to withstand a sudden shock to the financial system, falling in line with the global regulatory trend for tougher liquidity rules. DBS,...

Japan unveils new economic reforms

2014-06-25 PRIME Minister Shinzo Abe (pictured) unveiled a package of measures on Tuesday aimed at boosting Japan’s long-term economic growth, from phased-in corporate tax cuts to a bigger role for women and foreign workers, but applause from investors is...

Tuesday, 24 June 2014

‘Malaysia headed to safe zone’

2014-06-24 MALAYSIA’S economy is doing well as the current debt service ratio continues to be moderate and sustainable at 10.7 per cent and it is also heading into a safe zone, Minister in the Prime Minister’s Department Idris Jala said. He was responding to...

Japanese car makers recall 3m vehicles

2014-06-24 JAPANESE automakers on Monday recalled nearly three million vehicles worldwide over an airbag defect that could pose a fire risk. Honda said it recalled about 2.033 million vehicles which were produced between August 2000 and December 2005,...

Singapore prices up 2.7% in May

2014-06-24 SINGAPORE’S consumer price index (CPI)-All Items inflation picked up to 2.7 per cent in May from 2.5 per cent in April, due to base effects associated with fluctuations in certificate of entitlement premiums. A joint statement released by the...

Monday, 23 June 2014

Xpress Air confident of response for Pontianak to Johor route

2014-06-23 INDONESIAN airline Xpress Air, is confident its newly launched Pontianak-Johor Bahru route will receive encouraging response within the first six months of operations. Business Development Manager Fanny Andri Rifai said there were a number of key...

Car industry struggles to fix air bags despite mass recalls

2014-06-23 A YEAR ago, Japan’s Takata Corp, the world’s second-largest maker of auto safety parts, believed it had finally contained a crisis more than a decade in the making.It was wrong.More than a million Honda Motor Co Ltd vehicles could be subject to an...

China, Russia to embrace first bilateral expo soon

2014-06-23 EXTENSIVE exchanges will be at the forefront when Chinese and Russian delegates meet at the first China-Russia Exposition later this month, according to sources with the event’s organization committee.Scheduled to open on June 30, the event is...

Mitsubishi opens nickel mining, smelting business in Indonesia

2014-06-23 JAPANESE integrated business enterprise Mitsubishi Corporation, popular in the country for its automotive products, expects to start its nickel mining and smelting projects in Weda Bay, Halmahera in Indonesia by the end of the year through joint...

Korean TV dramas nudge Asian shoppers

2014-06-23 THE export success of South Korea’s TV dramas has spawned a hard-selling world of branded entertainment that uses product placement to push everything from smartphones to lipsticks. The so-called Hallyu (Korean Wave) of TV shows and pop music has...

Saturday, 21 June 2014

Philippinesenator heldover graft

2014-06-21 A PHILIPPINE senator who rose to fame as an action movie hero was arrested yesterday, becoming the first politician detained over a massive corruption scandal allegedly involving dozens of lawmakers.Ramon “Bong” Revilla surrendered following an...

Philippine, US ships to hold drill near disputed waters

2014-06-21 PHILIPPINE and US warships are set to kick off joint drills near disputed South China Sea waters next week, a Filipino military spokesman said Friday, amid escalating territorial rows between Beijing and its neighbours. The drills will be held off...

MH370 hunt to shift south

2014-06-21 THE drawn-out search for missing Malaysian Flight MH370 will revert to an area hundreds of kilometres south of the previously suspected crash site following new analysis of the plane’s flight path, a report said Friday.Investigators grappling to...

2 Indonesiansheld in boatmishap case

2014-06-21 MALAYSIAN authorities said yesterday they have arrested two Indonesian men in connection with one of two boat accidents that have left 15 people dead and 27 others still missing.Eighty-two people have been rescued so far in an ongoing search off...

Indonesia to cut mining export tax: Official

2014-06-21 INDONESIA is drafting a new mining export tax that would more than halve the base rate to be paid by miners but doubts remain whether it would be accepted by major copper miners and end a five-month-old dispute that has halted concentrate exports...

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