Business » Asia

Tuesday, 16 September 2014

‘Alibaba to boost IPO size on overwhelming demand’

2014-09-16 ALIBABA Group Holding Ltd plans to increase the size of its US initial public offering because of “overwhelming” investor demand, people familiar with the deal said yesterday.The Chinese e-commerce company launched the IPO last week and had enough...

China’s gas demand growth expected to slow down

2014-09-16 CHINA’S gas demand growth is expected to ease to its slowest in three years in 2014 and dip again next year, as a slowing economy and an ill-timed hike in prices keep gas demand at levels well below bullish forecasts. The slowdown indicates demand...

Monday, 15 September 2014

Abe ‘neutral’ on raising Japan sales tax

2014-09-15 JAPANESE Prime Minister Shinzo Abe said yesterday he remained “neutral” on whether to proceed with a hike in Japan’s sales tax to 10 per cent, adding that decision would hinge on the strength of economic indicators for the current quarter.“The...

Malaysia’s property sector cooling off

2014-09-15 PROPERTY developers have come out with some hard facts that suggest that the sector is cooling off.According to the first half 2014 Property Industry Survey by the Real Estate and Housing Developers’ Association Malaysia (Rehda), properties in the...

China to invest in Indian railways

2014-09-15 CHINA will pledge to invest billions of dollars in India’s rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbours’ first summit since Narendra Modi became prime minister in May.The...

Conventional banks’ sukuk to push limits of Islamic finance

2014-09-15 ISLAMIC bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks’ ability to win over industry purists. Since June, France’s...

Apple a decade behind Japan mobile payment curve

2014-09-15 APPLE’s proud announcement that its new iPhone could be used to buy goods in a single swipe left customers non-plussed in Japan, where mobile contactless payments have been normal fare for a decade.A type of Near Field Communication (NFC) chip,...

Singapore hotels revved up for F1

2014-09-15 SINGAPORE may be one of the more expensive places to catch a Formula One race, but hotels here expect a full house this coming weekend. They are also cashing in on the event with new luxury packages, such as one by Mandarin Oriental, which...

Saturday, 13 September 2014

Thai PM aims to broaden tax base

2014-09-13   THAILAND’s prime minister, Prayuth Chan-ocha, said on Friday his military-backed government aimed to broaden the tax base in the new fiscal year from October, bringing in an inheritance tax among other changes. In his first speech to an...

San Miguel plans solo bid for United Biscuits

2014-09-13   SAN Miguel Corp, the Philippines’ most diversified conglomerate, said it was planning a solo bid for British snacks maker United Biscuits, owner of brands such as Jaffa Cakes and Twiglets. The potential acquisition is a positive move given San...

Forum shows readiness of governments for AEC

2014-09-13   THE ASEAN Business Club (ABC) Forum showed the readiness of governments and ASEAN member states for an integrated economic region under the ASEAN Economic Community (AEC) and the role business leaders can play to accelerate these efforts and...

Vietnam Airlines set for partial privatisation in November

2014-09-13     VIETNAM Airlines said it will be partially privatised in November, part of a long-delayed drive to sell off the communist country’s mostly inefficient state-owned enterprises. Around 25 per cent of the national carrier will be sold in an...

Friday, 12 September 2014

SEA outlook remains positive: Goldman Sachs

2014-09-12 THE overall outlook for Southeast Asian markets is positive in the future despite uncertainty over interest rates, local press reported Thursday.Benefited from the rising middle-income group, urbanisation and growing productivity, Southeast Asian...

Hong Kong raises US$1b from inaugural sukuk issuance

2014-09-12 THE Hong Kong government has raised US$1 billion from its inaugural issuance of sukuk, or Islamic bonds.The issuance attracted an order book of US$4.7 billion for the five-year deal, the Hong Kong Monetary Authority (HKMA) said on Thursday.The...

Maybank Kim Eng, Maybank bag 15 industry awards

2014-09-12 MAYBANK Kim Eng and Maybank have recently won 15 industry awards, further affirming their market leading positions in Southeast Asia. The awards comprised 12 awards from Alpha Southeast Asia, three from Asian Banking and Finance, and another from...

YTL to buy 49% stake in Indian thermal power firm

2014-09-12 INFRASTRUCTURE conglomerate, YTL Corporation Bhd, is in talks with India’s NSL Group to acquire up to 49 per cent stake in NSL Orissa Power and Infratech, a thermal power business, the Economics Times reported. YTL, which reported US$6.1 billion...

China’s Internet regulator warns foreign firms

2014-09-12 A SENIOR official with China’s Internet regulator has warned that foreign firms should not harm the country’s interests and security while making big money from this market.The bottom line of the Chinese government concerning the management of...

Thursday, 11 September 2014

Chinese premier promises more open economy

2014-09-11 CHINA’S premier promised Wednesday to open the world's No. 2 economy wider to foreign companies, promising favourable conditions despite a wave of anti-monopoly investigations that business groups say might be aimed at limiting competition....

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