Business » Asia

Wednesday, 10 December 2014

China advised to cut growth goal to 7%

2014-12-10 CHINA’S leaders should cut next year’s economic growth target to seven per cent, according to influential advisers recommending the country’s leadership which was meeting yesterday to map out economic and reform plans for 2015.China looks set to...

Physical networks key to boosting Cambodian economy

2014-12-10   CAMBODIA sees the development of physical networks between itself and other Southeast Asian nations and China as key to boosting its economy and achieving closer regional ties, government officials said recently. Transport Minister Tram Iv Tek...

Tuesday, 9 December 2014

Dollar, oil spread at a five-year high as Asia demand wanes

2014-12-09 THE gap between crude oil prices and the dollar has grown to its widest since the global crisis five years ago as slowing economies in Asia and Europe use less energy while the United States steams ahead with the aid of a domestic shale oil boom....

China advised to aim for 7% growth goal in 2015

2014-12-09 CHINA’S top leadership will meet on Tuesday for an annual gathering to map out economic and reform plans for the following year, and some influential advisers to the government are recommending it cuts its 2015 growth target to seven per cent.China...

Japan GDP contraction more than estimated

2014-12-09 THE contraction in Japan’s economy last quarter was larger than initially estimated, according to figures released Monday that confirmed a recession ahead of an election on Sunday.The world’s third-biggest economy shrank an annualised 1.9 per cent...

Monday, 8 December 2014

Singapore dollar strengthens as regional peers falter

2014-12-08 CURRENCIES across the region slipped sharply against the Singapore dollar last week, and this trend is expected to continue on the back of plunging oil prices and the soaring greenback.The Japanese yen is already at its weakest against the...

Saturday, 6 December 2014

Struggling Sony to cut pay

2014-12-06 SONY Corp is likely to cut average pay next year in a rare move for a big Japanese company, and one that goes against Prime Minister Shinzo Abe’s push for higher wages to get the economy moving.For a second year, Abe is pressuring major companies...

Aer Lingus CEO to head new Malaysia Airlines

2014-12-06 THE man credited with turning round Irish carrier Aer Lingus has been picked to head the successor company to Malaysian Airline System Bhd (MAS), which is being taken private after being hit by two separate air disasters.Khazanah Nasional Bhd,...

China data to show economy still cooling

2014-12-06 A DELUGE of China data over the coming week is likely to show a persistent cooldown in the world’s second-largest economy, adding pressure on authorities to ramp up stimulus measures after unexpectedly cutting interest rates last month. Growth in...

Japan: Auto recall overhaul needed for global woes

2014-12-06 THE top Japanese auto safety official acknowledged yesterday that Japan’s recall system needs an overhaul to better respond to global problems highlighted by the debacle over Takata air bags that can explode.“The framework in place now doesn’t...

Friday, 5 December 2014

Maritime security firms adapt to fall in piracy

2014-12-05 Cash-STRAPPED maritime security firms are being forced to use fewer costly elite guards and to diversify into other businesses such as cyber security as a steep decline in Somali pirate attacks and hotter competition erode fast-thinning margins....

Best Buy to sell China business

2014-12-05 US retailer Best Buy Co Inc said on Thursday that it will sell its struggling China business, Five Star, to domestic real estate firm Zhejiang Jiayuan Group in order to focus on its North American operations.The world’s largest consumer electronics...

Samsung mobile execs to leave after profit slide

2014-12-05 THREE deputies to the head of Samsung Electronics Co Ltd’s mobile division are leaving, a person with knowledge of the matter said yesterday, as the world’s largest smartphone maker faces a rapid decline in profit.The person, who declined to be...

Intel to invest US$1.6 billion in China factory

2014-12-05 INTEL Corp will invest US$1.6 billion to upgrade its factory in the city of Chengdu in western China, the latest sign of how the chipmaker is deepening ties in a market that is proving increasingly troublesome for some US technology peers.As part...

Asia oil prices rise on lower US supplies

2014-12-05 OIL prices rose in Asia yesterday after a dip in US stockpiles raised optimism about energy demand in the world’s top crude consumer during the winter season, analysts said. US benchmark West Texas Intermediate (WTI) for January delivery rose 56...

Toyota expands air bag recall in Japan, China

2014-12-05 TOYOTA Motor Corp said yesterday it would call back 190,000 more vehicles to replace potentially defective air bags made by Takata Corp, and Japan’s regulator said it may change its recall system to better respond to what it called an “...

Thursday, 4 December 2014

China rolls ahead with merger of train makers

2014-12-04 CHINA is moving forward with the merger of its two top train makers, a state-backed newspaper said yesterday, with a plan to create a massive group to export high-speed railway technology.State media have previously said the merger of state-owned...

Indonesia to lead SE Asia online shopping boom

2014-12-04 INDONESIA is set to lead a boom in online shopping across Southeast Asia as Internet access explodes and investors pour money into a rapidly growing host of retail startups, analysts say. Much like China several years ago, the region is enjoying a...

Mongolia restarts bidding on giant coal project

2014-12-04 Mongolia has relaunched an international tender to develop its giant Tavan Tolgoi coal project as it tries to boost a flagging economy hit by falling commodity prices and a decline in foreign investment.The latest attempt has drawn interest from...

Indonesia may disband or relocate state oil trader

2014-12-04 Indonesia may force state oil and gas producer Pertamina to disband its trading unit or relocate it to bring more transparency to operations that supply the country with one third of its daily oil needs, said a member of the government’s energy...

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