Business » Asia

Saturday, 4 October 2014

China services growth dips to 8-month low

2014-10-04 CHINA’S services sector grew at its slowest pace in eight months in September after new orders shrank for the first time since the 2008 global financial crisis, a survey showed yesterday, exposing more weakness in the world’s second-largest economy...

Protests hit HK luxury retail sector

2014-10-04 PRO-DEMOCRACY protests in Hong Kong have disrupted business and hit share prices of luxury goods companies, ruining what is normally one of the busiest shopping weeks of the year.The protests in Hong Kong, the biggest challenge to Beijing’s leaders...

GM to invest US$14 billion in China

2014-10-04 GENERAL Motors will invest US$14 billion in China over the next five years and open five new manufacturing plants to increase annual sales in the world's largest car market to nearly five million vehicles.   The company's plans for China also...

Friday, 3 October 2014

Thai junta to help kick-start stalled Dawei SEZ talks

2014-10-03 THAILAND will revive talks with Japan and Myanmar aimed at kick-starting the floundering multi-billion dollar Dawei Special Economic Zone (SEZ) in Myanmar, a junta spokesman said on Thursday.The project is arguably Southeast Asia’s most ambitious...

Scholars: Economic dev’t, poverty alleviation among China’s most impressive achievement in 65 years

2014-10-03 AS CHINA marks its 65th National Day, scholars here hailed China for its rapid economic growth and poverty alleviation over the past 65 years. “Economic development and poverty reduction are the most impressive achievements of the People’s...

Protests hit HK’s role as finance hub

2014-10-03 SHOPS in Hong Kong have closed and the local stock market has plunged but protesters are gambling their agitation for greater democracy will pay off by preserving institutions that made this former British colony a profitable asset to China. The...

Philippines among biggest technology devices markets

2014-10-03 THE Philippines would be among the 10 biggest markets for technology devices next year with about US$4.1 billion worth of products expected to be sold in the country, according to global market research firm GfK. GfK said that while the global...

Thursday, 2 October 2014

Sumitomo keen on construction of KL-Singapore high-speed rail

2014-10-02 JAPAN’S Sumitomo Corp is keen to be involved in the construction of the estimated RM40 billion high-speed rail linking Kuala Lumpur to Singapore.The tender process for the mammoth project is expected next year, which is seen attracting a flurry of...

Lao minister: World’s stability, prosperity inseparable from China’s development

2014-10-02 CHINA’S development cannot be isolated from the world’s development, while the world’s stability and prosperity is also inseparable from China, a Lao official told Xinhua in an exclusive interview.Khemmani Pholsena, vice president of the Lao-China...

Thailand approves US$11.2 billion measures to lift growth: Deputy PM

2014-10-02 THAILAND’S military government has approved measures worth a combined 364 billion baht (US$11.2 billion) on Wednesday to help revive an economy laid low by months of political unrest.Deputy Prime Minister Pridiyathorn Devakula, who is in charge of...

Japan business confidence up

2014-10-02 CONFIDENCE among major Japanese manufacturers improved in the last quarter after a precipitous drop in the previous three months, a Bank of Japan survey showed Wednesday, but analysts warned the economy was not yet back on track.The surprise result...

Samsung rejects claims of Galaxy Note defect

2014-10-02 SAMSUNG on Wednesday rejected claims that its new oversized smartphone had a defect, after some customers posted pictures of a gap between the frame and display panel.The South Korean electronics giant, which had poked fun at rival Apple over...

Maybank gets licence to open branch in Myanmar

2014-10-02 THE Central Bank of Myanmar has granted Malayan Banking Bhd (Maybank) a banking licence to open a branch office in the country, which will help the banking group further strengthen its regional footprint in ASEAN. Maybank, the fourth largest bank...

XL Axiata sells telecom towers to Solusi Tunas for US$460m

2014-10-02 INDONESIAN mobile telecom operator PT XL Axiata Tbk will sell 3,500 communication towers to telecom infrastructure firm PT Solusi Tunas Pratama Tbk in a 5.6 trillion rupiah (US$460 million) deal that will help it cut mounting debt.After a three-...

Wednesday, 1 October 2014

China factory activity misses estimate

2014-10-01 CHINA’S manufacturing activity came in below initial expectations in September, HSBC said yesterday, adding to pressure for Beijing to address slowing growth in the world’s second-largest economy.The British bank’s final purchasing managers index (...

China takes boldest step yet to lift housing market

2014-10-01 CHINA cut mortgage rates and downpayment levels for some home buyers on Tuesday for the first time since the 2008 global financial crisis, making one of its biggest moves this year to boost an economy increasingly threatened by a sagging housing...

More gloomy data casts doubt on Japan economic recovery

2014-10-01 JAPAN’S factory output saw a surprise drop and household spending kept falling in August, data showed Tuesday, fanning fears about the impact of April’s sales tax rise on the economy.The figures will add to worries that the country’s tentative...

Apple suppliers ready for China iPhone 6 demand

2014-10-01 WITH the launch of Apple’s eagerly anticipated iPhone 6 finally on the horizon for Chinese fans, the US company’s supply chain is geared up and ready to deal with any surge in demand from the world’s largest smartphone market.The iPhone 6 and 6...

Tuesday, 30 September 2014

Foreign firms still await China FTZ reform bonanza

2014-09-30 CHINA yesterday hailed the first anniversary of its first free-trade zone (FTZ), but foreign companies expressed disappointment over the pace of pledged reforms as they await real business opportunities.The FTZ was set up in China’s commercial hub...

Hong Kong to see more sukuk issuances in near term

2014-09-30 HONG KONG is expected to see more sukuk issuances in the near future, following the launch of its first Islamic bond this month, says a Chinese banker. “Going forward, it is safe to say that there will be more sukuk issuances, such as renminbi-...

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