Business » Asia
Monday, 2 April 2012
Mazda to recall over 62,000 cars in ChinaBEIJING: Mazda Motor and its joint venture partners in China will recall more than 62,000 vehicles from yesterday to fix problems with anti-lock braking systems that could cause false warnings, China's...
FOXCONN Technology Group will keep on increasing worker salaries in China and cutting the hours of work, Chairman Terry Gou said on Sunday, after it came under fire for poor working conditions for employees making Apple iPhones and iPads.!As part of...
OPPOSITION Democrat Party leader Abhisit Vejjajiva yesterday affirmed his party would lead Thailand to become the No 1 country in Asean by restructuring the country's social, economic and political sectors.During the party seminar "Join forces...
MANY of the jobs that Baby Boomers will vacate over the next two decades will go to young upstarts. But how do you compete for jobs formerly held by people with decades more experience?The right mentors can help speed up your learning. Consider...
SOUTH Korea's trade surplus fell in March from a year earlier due to a drop in exports to debt-hit Europe and slowing sales to China, the government said yesterday. The trade surplus was US$2.33 billion, compared with US$2.48 billion in March 2011....
WEEKS of protests across Indonesia have thwarted a government plan for an immediate fuel price hike, the latest failure of an Asian administration to wean its country off costly subsidies.Emerging nations in Asia such as Indonesia and Malaysia have...
US ENERGY giant ConocoPhillips and CNOOC Ltd have agreed to jointly pay 305 million yuan (US$48 million) in compensation to Chinese fishermen and restore the maritime environment in the Bohai Bay area after a major oil spill there last year, state...
CHINA'S manufacturing activity rose to the highest level in a year in March, official data showed yesterday, but analysts tempered enthusiasm, saying the world's second largest economy was still slowing.The official purchasing managers index (PMI)...
AUSTRALIAN government science body CSIRO said yesterday it had won a multi-million-dollar legal settlement in the United States to license its patented technology that underpins the WiFi platform worldwide.Scientists from the agency invented the...
Saturday, 31 March 2012
AN INDIAN tribunal yesterday suspended the environmental licence for POSCO's US$12 billion steel project in the eastern state of Orissa, the country's biggest foreign direct investment, in a fresh blow to business confidence in Asia's third-largest...
Friday, 30 March 2012
TOKYO Electric Power Co has asked the government for an injection of ¥1 trillion (US$12 billion) in what would be Japan's biggest public bailout outside the banking sector, as it struggles with the aftermath of the Fukushima nuclear crisis.!The...
PETROCHINA, the country's dominant oil and gas producer which also owns refineries, aims to process more high-sulphur crude from the Middle East this year to cut costs and limit refining loss, a top executive said yesterday.! "PetroChina has...
JAL to tap Oneworld partners for US$6b IPO TOKYO: Japan Airlines is planning to tap Australia's Qantas Airways, British Airways owner IAG and other members of the Oneworld alliance as investors in a listing expected to be worth at least US$6...
CHINA has bumped up the annual long-term foreign debt quota allocated to foreign banks to US$24 billion, allowing them to bring more money into the country as growth slows in the world's No 2 economy.!The National Development and Reform Commission,...
Thursday, 29 March 2012
THAILAND yesterday approved a new tax incentive to stimulate investment in the country's industrial heartland which was badly hit by last year's floods, Industry Minister Pongsavas Savasti said.The Board of Investment agreed to waive corporate...
MYANMAR announced yesterday an overhaul of its antiquated currency system as part of burgeoning reforms to modernise an economy left in disarray by decades of military rule.The impoverished nation will adopt a managed floating exchange rate from...
INDONESIA'S Batam island, an industrial zone with dreams of transforming into a major tourist destination, is sprucing itself up to lure big-spending visitors from next-door Singapore.Batam is looking to emulate the success of another Indonesian...
INDONESIA, a major global producer of raw materials, has put on hold talks to impose an export tax for coal and base metals, but still expects to introduce the charge later this year, an industry ministry official said yesterday.!Late last year,...
Thai exports post first growth since floodsBANGKOK: Thai exports rose in February for the first time since last year's disastrous floods, climbing 0.91 per cent year-on-year and up 21.0 per cent from January, the commerce ministry said yesterday....
FIJI'S military regime said it had seized control of national carrier Air Pacific from Australia's Qantas yesterday because it did not want foreigners to own or control Fijian airlines.The South Pacific nation's government, which took power in a...
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