Business » Asia

Tuesday, 3 June 2014

M’sia construction industry faces critical worker shortage

2014-06-03 THE construction industry faces a critical shortage of workers, says the Master Builders Association Malaysia (MBAM). Its President Mathew Tee said construction is not a glamorous industry, and despite the higher pay it is still difficult to...

Asus introduces new ‘five-mode’ hybrid laptop

2014-06-03 LEADING Taiwanese tech firm Asus unveiled a hybrid device which combines a laptop, tablet and mobile phone yesterday in what it hailed as a “world first.”The launch came the day before Computex – Asia’s biggest technology trade show – opens its...

Monday, 2 June 2014

China, Malaysia target US$160b in trade volume

2014-06-02 EMPLOYING subtle wordplay about China Vice Premier Wang Yang's name - “Wang” means money and “Yang” (abbreviation of sayang) means love in Malaysian - Malaysian Prime Minister Najib Razak said the relationship between China and Malaysia would...

Chance of recession in Thailand lessens

2014-06-02 THE Bank of Thailand (BOT) said the chance of an economic recession had lessened due to increase economic certainty but the Monetary Policy Committee (MPC) next month would still slash its economic growth projection for the county.Methee Supapong,...

China manufacturing up in May

2014-06-02 CHINA’S manufacturing activity strengthened to a five-month high in May, the government said Sunday, the third straight month of improvement amid slowing overall growth in the world’s second-largest economy.The official purchasing managers index (...

Saturday, 31 May 2014

South Korea records weak industrial output in April

2014-05-31 SOUTH Korea’s industrial output rose at a much slower pace than expected in April, dampening the economic recovery, as temporary factors such as a sinking of a ferry last month had a chilling effect on consumer sentiment. The combination of weak...

Thai economy stumbles

2014-05-31 PRIVATE investment and consumption remained stagnant in Thailand in the run-up to this month’s military coup, further evidence of a stumbling economy that will lend urgency to the junta’s efforts to get the country working again. Southeast Asia’s...

Friday, 30 May 2014

Implementation of GST will boost Malaysia’s economic competitiveness: Customs

2014-05-30 THE implementation of the goods and services tax (GST) will increase the country’s economic competitiveness with additional export revenue. According to a study undertaken by the Royal Malaysian Customs Department, its Director of Internal Tax,...

MASwings to phase out Twin Otters

2014-05-30 MASWINGS Sdn Bhd, a unit of Malaysia Airlines (MAS), will phase out its three ageing Twin Otter aircraft this month as part of efforts to better serve rural areas in Sarawak and Sabah. Chief Executive Officer Datuk Captain Mohd Nawawi Awang said...

Tata Motors looks for India sales revival after flat Q4 profits

2014-05-30 TATA Motors Ltd , India’s biggest carmaker by revenue, reported flat fourth-quarter net profit yesterday, with strong sales of luxury Jaguar and Land Rover vehicles offsetting losses and a big sales drop in its sluggish home market. But this month...

Thursday, 29 May 2014

Ayala submits lone bid for Philippine rail project

2014-05-29 A CONSORTIUM led by Philippine conglomerate Ayala Corp has submitted the lone bid to undertake a 64.9 billion peso (US$1.5 billion) project to renovate and extend Manila’s oldest elevated railway.The bid from Ayala, Metro Pacific Investments Corp...

Thai factory output falls again, but by less than forecast

2014-05-29 THAILAND’S factory output dropped for a 13th straight month in April, underscoring the damage political unrest has caused and the tough job the new military government faces reviving an economy that shrank in the first quarter.The decline was less...

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...

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