Business » Asia

Wednesday, 28 May 2014

Knockoffs a headache for IPO-bound Alibaba

2014-05-28 AT FIRST glance, the Monster Tron T1 headphones sold on Chinese e-commerce giant Alibaba’s Taobao site are a tempting offer for audiophiles looking for state-of-the-art hi-fi equipment.But sellers omit one key detail: Monster Inc. never produced...

Mandatory real-time aircraft tracking seen taking 2-3 yrs

2014-05-28 GLOBAL standards to track aircraft in real time may not be ready for two to three years, a senior official with the UN aviation agency said yesterday, although the process could be accelerated as airlines adopt voluntary measures.The International...

S Korea Q1 household credit growth at 2-year high

2014-05-28 SOUTH Korea’s annual household credit growth reached its highest in two years during the January-March period, central bank data showed yesterday, but the growth was mainly attributed to a decline in loans in the first quarter of 2013.Household...

More foreign drug firms face scrutiny in China

2014-05-28 CHINA is reportedly putting more foreign drug firms under scrutiny, state media said yesterday, days after the conclusion of a police probe into alleged bribery by employees of Britain’s GlaxoSmithKline (GSK).Earlier this month, Chinese authorities...

Monday, 26 May 2014

Is Sony still a Walkman in an iPad age?

2014-05-26 SONY’S latest bid to halt years of losses and resuscitate its brand has provoked snorts of derision among analysts who say it falls a long way short. The criticism came after Sony president Kazuo Hirai last Thursday pledged to drag the electronics...

Infiniti: Looking beyond Japan

2014-05-26 NISSAN Motor Co is looking to give its Infiniti premium brand a design makeover that will dilute its Japanese roots and flaunt a more “passionate” Latin feel.The bold initiative aims to rev up an upscale brand that has struggled to establish...

Malaysia’s middle income blues

2014-05-26 THE imminent increase in interest rates has caused anxiety among some Malaysian households, as the prospects of higher repayments for their outstanding loans will likely put further strain on their spending power.As it is, many in the country are...

British Airways seeks new routes to Chinese cities

2014-05-26 CHINA is very important to British Airways Plc's international expansion and the company wants more destinations in the country, Willie Walsh, CEO of BA's parent, International Airlines Group SA, told China Daily recently.“The great thing about...

Saturday, 24 May 2014

Coup crisis hurts Thailand tourism

2014-05-24 THAILAND is in danger of losing its crown as the world’s top destination for medical tourism if foreigners looking for low-cost, quality healthcare are scared off by political unrest, especially at a time of growing competition from Asian rivals....

Thai baht rises after coup

2014-05-24 ASIAN markets rose for a second straight day yesterday following a positive lead from Wall Street, but Bangkok retreated after the army announced a coup following months of deadly protests. The greenback made further inroads against the yen as...

Friday, 23 May 2014

No progress in private investment in infra projects since Asian financial crisis

2014-05-23 AN ASIAN Development Bank official warned yesterday of a largely unnoticed crisis in Southeast Asia: private investment in infrastructure has not recovered in the nearly two decades since the Asian financial crisis.Stephen Groff (pictured), ADB...

Former top JPMorgan executive arrested: report

2014-05-23 A Chinese ex-JPMorgan Chase executive has been arrested in Hong Kong, according to reports, after he resigned in March as US regulators probe whether the bank broke anti-bribery laws by hiring friends and family of top officials to win contracts....

Huge JD.com bonus for CEO Liu raises governance concerns

2014-05-23 CHINA’S No.2 e-commerce company, JD.com Inc., awarded CEO and founder Richard Liu a one-off share-based bonus of US$591 million as the company prepared for its U.S. IPO, according to a securities filing.The award was actually worth US$891 million...

CEO: Sony needed to act sooner

2014-05-23 SONY Corp. Chief Executive Kazuo Hirai said yesterday the company accumulated huge losses because it didn’t respond quickly enough to changing market conditions, but promised a return to profit next year. Last week, Sony reported a 128.4 billion...

Thai unrest spurs Honda to cut output

2014-05-23 THE Thai unit of Honda Motor Co has cut production at its Ayutthaya plant to 60 per cent of capacity to reflect weak domestic demand, voicing concerns sales may fall short of its target this year after months of political unrest.Thailand’s auto...

Indian officials offer tough options to cut spending, deficit

2014-05-23 INDIA’S finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risk of a sovereign credit downgrade.Two senior...

Thursday, 22 May 2014

AirAsia shares rise over 5%

2014-05-22 SHARES of AirAsia Bhd rose as much as 5.2 per cent on Wednesday on anticipation of improving yields as well as better prospects for a potential share buyback programme by Asia’s biggest budget airline by passenger numbers.The group on Tuesday...

Malaysia tightens rules on divisive Islamic ‘bai inah’

2014-05-22 MALAYSIA’S Securities Commission has tightened rules on bai inah, a popular but divisive Islamic financing contract, in a fresh sign that standards in the world’s two main centres for Syariah-compliant banking are slowly converging.Regulators and...

BOJ offers brighter view on capex

2014-05-22 THE Bank of Japan kept monetary policy steady and raised its assessment on capital expenditure on Wednesday, reassured by growing evidence the economy can withstand the pain from a sales tax hike without additional monetary stimulus.Governor...

China, Russia sign gas deal

2014-05-22 CHINA signed a deal yesterday to buy Russian natural gas worth up to US$400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow’s ties with Asia. Price negotiations on the 30-year deal continued into...

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