Business » Asia

Wednesday, 30 July 2014

Airbus terminates sale of jets to Japan’s Skymark

2014-07-30 AIRBUS Group NV said on Tuesday it has terminated an agreement to deliver six A380 superjumbo jets to Skymark Airlines Inc after the Japanese discount carrier struggled to raise enough cash to pay instalments on the aircraft.In a briefing in Tokyo...

Honda quarterly profit surges 19.6% to US$1.4b

2014-07-30 JAPANESE automaker Honda said Tuesday its latest quarterly net profit jumped 19.6 per cent to US$1.4 billion thanks to a weak yen and growth in global auto sales, as it boosted its full-year profit forecast.Honda said it earned 146.5 billion yen,...

China probes Microsoft ‘monopoly’

2014-07-30 CHINA is investigating Microsoft for allegedly operating a monopoly in its market, the government said Tuesday, as it took aim at the US software giant over business practices. The move makes the company the latest foreign firm to face Beijing’s...

Tuesday, 29 July 2014

China gov’t officials make sudden visits to Microsoft offices

2014-07-29 CHINESE government officials have made sudden visits to Microsoft Corp offices in China, a spokeswoman for the company said yesterday, but declined to give any reason for the inspections.China’s State Administration for Industry and Commerce, which...

Thailand’s Asia Aviation cuts 2014 passenger target

2014-07-29 THAILAND’S Asia Aviation has lowered the year’s passenger target for budget carrier Thai AirAsia to 12.6 million from 13.3 million due to the impact of the country’s political crisis.Thai AirAsia, like other domestic carriers, suffered a slowdown...

80% of Thai rice in good condition

2014-07-29 AROUND 80 per cent of the rice being held in Thai state stockpiles after being bought from farmers under the former government’s intervention scheme is in good condition, a member of the current military government said on Monday.“Now the...

Samsung postpones launch of Tizen

2014-07-29 SAMSUNG Electronics Co said yesterday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company's ambition to create a mobile platform to rival Google's Android or Apple’s iOS.The South Korean company had...

Philippine Islamic bank eyes new life after years of struggle

2014-07-29 A PEACE plan, a lifting of foreign ownership limits and the drafting of new Islamic banking rules in the Philippines could help breathe new life into one of the world’s oldest Islamic finance institutions.Since 1974, Makati-based Al Amanah Islamic...

Mexico, Japan ink carbon trade deal

2014-07-29 JAPAN and Mexico have signed a deal for Japanese companies to earn carbon credits by investing in technology to cut greenhouse gas emissions in Mexico – in Japan’s 12th bilateral carbon agreement.The programme, known as the Joint Crediting...

McDonald’s China yanks flagship burgers off menu

2014-07-29 MCDONALD’S outlets across China have yanked their flagship burgers from the menu, the company said yesterday, as the American owner of a key supplier embroiled in an expired meat scandal offered consumers a personal apology.Authorities in Shanghai...

Monday, 28 July 2014

Top 1% control a third of China’s wealth: report

2014-07-28 THE top one percent of households in Communist-ruled China control more than one third of the country’s wealth, while the bottom 25 per cent control just one hundredth, official media said, citing an academic report.The 2012 figures contained in a...

India holds firm on blocking WTO global customs deal

2014-07-28 INDIA said it wanted “visible” signs the World Trade Organization would agree to its vast food subsidy schemes before approving a landmark global customs pact as talks went down to the wire. Refusal by India to endorse the agreement streamlining...

Internet to drive China’s future growth with enhanced productivity: study

2014-07-28 INTERNET could contribute up to 22 per cent of China’s GDP growth through 2025, via increased productivity and adoption of internet application across a number of sectors, according to the latest research by consultancy McKinsey.The booming...

Premier: Reforms help stabilise China’s growth

2014-07-28 THE Chinese government’s efforts to reduce administrative approval procedures and delegate power to lower levels have contributed to China’s stable economic growth, Chinese Premier Li Keqiang has said. The premier made the remarks during a recent...

Saturday, 26 July 2014

Freeport, Indonesia end copper export row

2014-07-26 FREEPORT-MCMORAN Inc and the Indonesian government on Friday reached a deal over a contract dispute that should pave the way for a resumption of the US company’s copper exports after a six-month halt. Indonesia’s top copper miner hopes next month...

Friday, 25 July 2014

Indonesia to allow Freeport to resume copper exports

2014-07-25 INDONESIA will soon allow US miner Freeport-McMoRan Copper & Gold Inc to resume copper exports, with both sides close to ending a six-month dispute over new mining rules, a senior official said on Thursday.However, there has been no such...

US firm sorry over expired meat

2014-07-25 THE US food supplier at the centre of an expired meat scandal in China has apologised, as KFC and Pizza Hut’s parent company said it would stop using the firm’s products in the key Chinese market. Shanghai authorities at the weekend shut a plant...

Weak exports dim Asia outlook

2014-07-25 THE outlook for emerging Asia has dimmed further this year on weak demand for exports, although growth in India is expected to accelerate into 2015 even as China is held back in part by a slowing property market, Reuters polls showed.China and...

Thursday, 24 July 2014

In Brief

2014-07-24 Philippines to import more rice this yearMANILA: The Philippines will hold a tender next month to buy an extra 500,000 tonnes of rice to increase its thin stockpiles after a typhoon damaged crops last week, in a move that could underpin export...

Freeport: Indonesia exports set to resume

2014-07-24 FREEPORT McMoRan Inc said Wednesday it expects to sign a memorandum of understanding with Indonesia “imminently” and the agreement would immediately allow it resume copper concentrate exports, which have been halted for more than six months....

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