Business » Asia

Friday, 4 March 2016

Tech startups the new gold for China’s wealthy

2016-03-04 MORE wealthy Chinese are ploughing money into technology start-ups which are increasingly seen as a safe haven as the slowing economy eases hopes of extracting returns from traditional investment such as stocks, property or gold. While Chinese...

Thursday, 3 March 2016

Siemens to help upgrade Iran’s energy infrastructure

2016-03-03 GERMAN engineering giant Siemens said Wednesday it has signed an agreement with Iranian group MAPNA to help modernise Iran’s energy infrastructure. Siemens and MAPNA had signed a memorandum of understanding “to jointly develop the roadmap for the...

Indian jewellers strike vs tax

2016-03-03 JEWELLERS across gold-loving India started a three-day strike yesterday in a bid to force the government to shelve plans for a controversial excise tax announced in this week’s budget. Indian finance minister Arun Jaitley on Monday proposed to...

Airbus starts work on new China facility

2016-03-03 EUROPE’S largest aircraft manufacturer Airbus started construction yesterday on a new facility to deliver wide-body planes in China, as it faces off against bitter US rival Boeing for market share in the world’s second-largest economy. At a...

Wednesday, 2 March 2016

Turkish Airlines annual profit tops US$1b for first time

2016-03-02 TURKEY’S flag carrier Turkish Airlines on Tuesday said its full-year net profits topped US$1 billion for the first time in its history as the fast-growing airline battled to overcome the crises hitting its region.Turkish Airlines said it posted US$...

Malaysia’s Aviation Commission to boost industry

2016-03-02 THE government has established the Malaysian Aviation Commission in order to boost up the nation’s aviation industry to a greater height. Transport Minister Datuk Seri Liow Tiong Lai said the commission, established under the Malaysian Aviation...

Airbus sees no serious impact on China market

2016-03-02 AIRBUS said it expects China’s aviation market, the world’s second-largest, to come out relatively unscathed from the country’s economic slowdown and provide demand for 5,400 new airplanes over the next 20 years. The European planemaker is also...

Women stepping up in Singapore boardrooms

2016-03-02 SINGAPORE’S top companies have led from the front in helping to remedy one of the blights on the local corporate scene - the under-representation of women on company boards.A new report has found that across the 30 listed companies comprising the...

Petronas says to cut 1,000 jobs

2016-03-02 MALAYSIAN state energy firm Petronas said yesterday it expects to cut about 1,000 jobs as it struggles with plunging global oil prices that have hammered the energy-dependent country. The company, the single largest source of Malaysian government...

Tuesday, 1 March 2016

China cuts reserve requirements in bid to boost economy

2016-03-01 CHINA’S central bank yesterday cut the proportion of funds banks must set aside as reserves, in Beijing’s latest attempt to tackle slowing growth in the world’s second-largest economy.The People’s Bank of China (PBoC) said in a statement it would...

India pledges billions for struggling farmers in new budget

2016-03-01 INDIA’S government promised billions of dollars to help struggling farmers and boost the rural economy as it unveiled its annual budget yesterday, looking to kickstart growth and bolster its flagging popularity.India is now the world’s fastest-...

Thai factory output falls as external demand worsens in January

2016-03-01 THAILAND’S industrial output fell more than expected in January and at the sharpest pace in more than a year, showing the trade-reliant economy continues to struggle amid weak global and domestic demand. Stubbornly weak exports and domestic...

Singapore reports more visitors, but they spent less

2016-03-01 SINGAPORE welcomed 0.9 per cent more international visitors in 2015, but tourism receipts fell for the first time since 2009 as an uncertain global economic outlook and weak currencies in some of the top markets kept a lid on spending. Preliminary...

Petronas posts US$1.1b net loss in Q4

2016-03-01 MALAYSIAN state energy firm Petronas yesterday reported a fourth-quarter net loss of 4.69 billion ringgit (US$1.1 billion) due to plunging oil prices, and announced spending cuts worth billions of dollars over the next four years.President and...

Japan factory output rises for first time in 3 months

2016-03-01 JAPAN yesterday posted its first factory output expansion in three months, official data showed, offering some rare good news after a string of weak figures threw cold water on recovery hopes.The upbeat figures on factory output – a 3.7 percent...

Monday, 29 February 2016

Pakistan’s untapped resources empowered by e-commerce boom

2016-02-29 IN the Hindu Kush mountains craftswomen painstakingly stitch flowing scarves, skilled artisans who were unable to sell their products beyond the remote region until mobile internet came to Pakistan and dropped the market into the palms of millions...

Central banks near policy limits but back in focus after G20

2016-02-29 THE widely predicted failure of G20 leaders to agree on bold new steps to reinvigorate the world economy at a meeting in Shanghai this weekend puts the onus firmly back on central bankers.But after years of increasingly desperate attempts to kick-...

More yawns than yuan in China’s late-night forex trade

2016-02-29 IN the fast-paced, high-risk world of foreign exchange trading, where trillions of dollars change hands every day, there’s a quiet corner of the yuan market where traders can get some shut-eye, despite China’s efforts to elevate its currency to the...

Australia becomes China’s land of milk and honey

2016-02-29 ASIAN consumers determined to improve their lifestyle are boosting the fortunes of Australian producers of premium baby milk formula, vitamins and honey, as the region’s burgeoning middle class jumps on the health food bandwagon.With their...

Saturday, 27 February 2016

Petronas to announce cost cutting measures

2016-02-27 MALAYSIAN oil giant Petronas is expected to announce further spending cuts next week as it braces for earnings battered by the slump in crude prices that is also pressuring its global peers.The grim outlook for state-owned Petroliam Nasional Bhd...

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