Thursday, 5 May 2016

Indonesia Q1 GDP slows to 4.92%

2016-05-05 INDONESIA reported lower than expected growth in the first quarter, but many economists still expect enough of a rebound this year that the country can avoid further slowing and grow more than five per cent in 2016.The statistics bureau said...

Dine and shop with style in Seoul

2016-05-05 JUST a couple of months after its opening, it became one of the must-visit tourist spots in the capital city for fashion-savvy tourists from Asian countries. A popular Chinese fashion blogger posted photos of Cafe Dior on Instagram last year,...

Wednesday, 4 May 2016

Saudi plans new scheme to reduce unemployment

2016-05-04 SAUDI Arabia’s government plans a new set of labour quotas and incentives to reduce unemployment as it tries to wean its economy off oil exports, Labour Minister Mufrej al-Haqbani said yesterday.The changes are part of a wider reform plan announced...

HSBC profit falls on weak trading

2016-05-04 HSBC reported a smaller-than-expected 14 per cent drop in quarterly profit, as a surge in revenue at its commercial banking unit partly offset the weak trading business caused by the grim global market environment early in the year.The first-...

China, Japan growth to slow sharply in 2016: IMF

2016-05-04 CHINA and Japan’s economies are expected to slow sharply over the next two years but Asian growth will remain strong as domestic demand takes up the slack from weak global trade, the IMF said yesterday. Government stimulus measures, lower...

Tuesday, 3 May 2016

S Korea’s local car sales rise in April on consumption tax cuts

2016-05-03 DOMESTIC car sales by South Korea’s five automakers increased last month on the back of consumption tax cuts, while exports reduced on weak demand from emerging markets, industry data showed yesterday. Global auto sales by Hyundai, Kia, GM Korea,...

Excellent service by MAS impresses investor

2016-05-03 MALAYSIA Airlines (MAS)’s excellent services is a good benchmark on how Malaysia welcomes investors, Tata Consultancy Services Ltd (TCS) Head Delivery & Operation Milind Kamble said. “When I step into a Malaysia Airlines aircraft, the excellent...

Asia’s factories stay sluggish, stimulus lacks traction

2016-05-03 JAPANESE manufacturing activity shrank in April at the fastest pace in more than three years as deadly earthquakes disrupted production, while output in China and the rest of Asia remained lukewarm at best. Even the former bright spot of India...

Monday, 2 May 2016

China April factory activity expands but at slower pace

2016-05-02 ACTIVITY in China’s manufacturing sector expanded for the second month in a row in April but only marginally, an official survey showed yesterday, raising doubts about the sustainability of a recent pick-up in the world’s second-largest economy....

S Korea April trade slump deepens, exports to China worst in 3 months

2016-05-02 SOUTH Korean exports fell at a sharper pace in April as fewer working days ate into shipments already suffering from weak global demand and low global commodity prices, and the trade ministry said it was not optimistic about conditions in May....

Scandal-hit Mitsubishi Motors future in doubt again

2016-05-02 SALES are falling off a cliff. Its reputation is in tatters. And even its top executive is talking about whether the automaker will survive. Mitsubishi Motors’ future is hanging in the balance for the second time in a decade after a bombshell...

Japanese firms aid reconstruction efforts after quakes

2016-05-02 FIVE years after the Great East Japan Earthquake, reconstruction efforts still continue in disaster-struck areas. Many businesses have leveraged their strengths to promote restoration initiatives. Forty-eight per cent of the area of Iwanuma,...

Singaporean entrepreneur offers tea-drinking sessions to relieve stress

2016-05-02 AS A child, Anthea Ong was called names like ‘retard’ and ‘weirdo’ by friends and family because of a medical condition of lax eye muscles, which meant her eyes just would not focus. “It wasn’t that they didn’t like me. They meant it in an...

Saturday, 30 April 2016

Uber, Ola fight India court battle

2016-04-30 A FLURRY of complaints from Uber drivers about an unusually high number of cancelled bookings was the spark that ignited a bitter legal fight with Ola, Uber’s rival for dominance of India’s US$12 billion taxi market, according to court documents...

Warm weather spikes egg prices in Singapore

2016-04-30 THE warm weather in Malaysia has ruffled some feathers, literally, leading to fewer eggs and a small rise in their prices at some shops in Singapore, although others are holding prices steady for now.Egg prices rose by 10 cents for 10 on Monday,...

Friday, 29 April 2016

Japan holds off stimulus

2016-04-29 THE Bank of Japan (BoJ) shocked markets yesterday as it held fire on a fresh round of widely expected stimulus measures, sparking questions about whether it had anything left in its arsenal to kickstart the stuttering economy. Dealers were caught...

No tenants...and no shoppers in Singapore’s malls

2016-04-29 AT MILLENIA Walk, potted plants are used to fill up space on level two, where there appears to be more empty units than occupied ones. The Nihon Street, which features Japanese food outlets with a strong following, looks like it is still in the...

Thursday, 28 April 2016

Scandal-hit Mitsubishi Motors says sales fall off cliff

2016-04-28 THE head of crisis-hit Mitsubishi Motors said Wednesday that sales in Japan have fallen off a cliff since the company admitted last week that it has been cheating on fuel-efficiency tests. Tetsuro Aikawa (pic), the automaker’s president, revealed...

Malaysia appoints new central bank governor

2016-04-28 MALAYSIA named a deputy governor as the new chief of the central bank yesterday, after months of market uncertainty ahead of the retirement of longstanding leader Zeti Akhtar Aziz. Muhammad Ibrahim, will take over effective May 1 for five years,...

Ambitious Saudi reforms up against ‘vested interests’

2016-04-28 SAUDI authorities will have to confront a range of vested interests if they hope to pull off an ambitious plan to diversify the economy away from oil, analysts said. The “Vision 2030” plan, unveiled Monday by the powerful Deputy Crown Prince...