Business » Asia

Thursday, 11 September 2014

Apple to charge banks in new payment system: Bloomberg

2014-09-11 APPLE Inc will charge fees from banks every time consumers use their iPhone to make purchases, a move that will give the company a cut of the growing mobile payments market, Bloomberg reported citing people with knowledge of the arrangement.Apple...

M’sia has training capability in Islamic banking: report

2014-09-11 MALAYSIA has the capability to help train many countries in Islamic banking products due to the country’s position as one of the key players in Islamic finance, according to a report. In the report entitled “Malaysia, Gateway to ASEAN”, published...

Recruit plans US$1.8b IPO

2014-09-11 JAPAN’S largest recruitment company Recruit Holdings said it is planning an initial public offering worth US$1.8 billion, which will test investor appetite for big Tokyo listings after some weak debuts this year.The IPO will help Recruit pay for...

Philippine FDI inflows surge to US$588m in June

2014-09-11 FOREIGN direct investments (FDI) in the Philippines posted net inflows amounting to US$588 million in June, a turnaround from the US$26 million net outflows registered a year ago, the local central bank said Wednesday.“This developed as increases...

Myanmar invites private sector to help build tin smelters, refineries

2014-09-11 MYANMAR has invited expressions of interest from private sector companies to jointly set up tin smelting and refining plants, the country’s Ministry of Mines said on Wednesday.The move comes as developing nations make a bigger push to capture more...

China-Taiwan investment surges

2014-09-11 INVESTMENT between the Chinese mainland and Taiwan has surged this year, a spokesman said on Wednesday. In the first seven months of 2014, mainland authorities approved 1,284 projects featuring investment by Taiwanese businesses, a 10.2 per cent...

Australia’s economy faces difficult ride: analysts

2014-09-11 AS AUSTRALIA approaches a sharp fall-off in resources investment later this year, the question dominating the outlook for the mining-dependent economy is where growth will come from next.The search for the next growth cycle became more urgent...

Tuesday, 9 September 2014

Japan economy shrinks 1.8% in Q2

2014-09-09 JAPAN’S economy shrank more than estimated in April-June, revised data showed yesterday, piling pressure on the government to delay another sales tax hike, while the central bank faces calls to expand its stimulus.The figures will come as a blow to...

State support for job cuts boosts MAS plan

2014-09-09 THE plan to save Malaysia Airlines (MAS) could succeed where past endeavours have failed because the government has finally put politics aside by agreeing to sweeping job cuts, people briefed on the restructuring told Reuters.The job cuts – if they...

Investment event focused on halal products in Spain

2014-09-09 THE World Islamic Economic Forum (WIEF) Foundation, in collaboration with the Fundacion Agropolis de Cordoba, is organising an investment event focusing on Halal agriculture, food products and tourism in Cordoba, Spain next year. WIEF Foundation...

Monday, 8 September 2014

Asians grabbing hot London property

2014-09-08 LONDON property is hotter than ever, with Asian investors - especially those from Singapore and Hong Kong - and increasingly confident British buyers snapping up units, consultants say.But though prices continue to rise, there does not appear to be...

Online shopping flourishes in Indonesia

2014-09-08 BEING an online-shopping enthusiast, Indonesia's Youth and Sports Minister Roy Suryo recently bought a fixed-gear bicycle, known as a fixie, from an online shop after seeing an advertisement on one of the country’s largest online retailers.After...

India smartphone market expands

2014-09-08 SMARTPHONE-MAKERS are in a race to the bottom of India’s economic pyramid as they battle for customers in the fast-growing low-end market segment where analysts say opportunities are vast.India is now the quickest-expanding smartphone market...

Japan’s bid for woman-driven economy facing big hurdles

2014-09-08 JAPANESE Prime Minister Shinzo Abe’s appointment of a record number of women to his cabinet highlights efforts to power the economy by boosting the female workforce – but he faces myriad challenges turning that vision into reality. On Wednesday,...

Saturday, 6 September 2014

Malaysia posts weak July exports as demand slumps

2014-09-06   MALAYSIA’S exports in July posted their weakest performance in more than a year, well below expectations, as demand from China and Japan for key goods slumped, while imports shrank on lower domestic consumption. Exports rose just 0.6 per cent...

Friday, 5 September 2014

Garuda delays plan to sell stake in low-cost unit

2014-09-05 INDONESIA’S flag carrier PT Garuda Indonesia Tbk has postponed a plan to sell a stake in its loss-making budget unit Citilink, the airline’s chief executive said on Thursday.The reason for the delay was because the price offered by potential buyers...

Apple supplier in China accused of violations

2014-09-05 AN APPLE supplier in China is violating safety and pay rules despite the computer giant’s promises to improve conditions, two activist groups said Thursday, ahead of the expected release of the iPhone 6.The report by China Labor Watch and Green...

Airshow adds US$255m to S’pore

2014-09-05 THE Singapore Airshow, Asia’s largest aerospace and defence exhibition, has contributed 319 million Singapore dollars (US$255.2 million) to the local economy, a 25 per cent increase from the previous edition, according to a study by marketing...

Islamic banking sector to achieve 40 pct market share

2014-09-05 BANK Negara Malaysia’s (BNM) target for the local Islamic banking industry to have 40 per cent market share in terms of total banking assets by 2020, is likely to be achieved. Datuk Abdul Halim Ismail, the former managing director of Bank Islam...

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