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Wednesday, 19 June 2013
ROYAL Brunei Airlines (RB) has inked a 12-year engineering partnership agreement with Air France/KLM in a deal worth US$75 million ($94 million) according to a report by Air Fleet Management.The report said that the agreement is for the support of...
BOEING launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow yesterday, sharpening the battle with rival Airbus in the booming market for fuel-efficient, long-distance jets.The much-anticipated announcement of the 787-10...
MALAYSIA'S Islamic finance university and the research arm of Kuwait Finance House will develop training and internship programmes to address growing demand for professionals in the business, officials said yesterday.Despite rapid growth over the...
THE Islamic Development Bank (IDB) is keen to partner with Brunei in leading and promoting ethical banking among ASEAN members to attract further investment from regions such as the Gulf Cooperation Council (GCC) to ASEAN market, the IDB Group...
HSBC investigated for inappropriate conductHONG KONG: Hong Kong's de facto central bank said yesterday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks. The Hong Kong...
CHINA launched its first pilot carbon emissions exchange yesterday, though plans for a nationwide roll out and efforts to apply the scheme to some polluting heavy industries could be undermined by a slowdown in the world's No two economy. High-...
Tuesday, 18 June 2013
ANALYSTS fell under Samsung Electronics Co Ltd's marketing spell when they made what they now admit were hopelessly optimistic forecasts for its smartphone sales.Samsung's huge share of the high-end smartphone market also persuaded some analysts to...
THE oil-rich emirate of Qatar said on Monday it was selling its 10-per cent stake in Porsche Automobil Holding SE (PSE) but would keep its 17-per cent of Volkswagen, which owns the luxury brand Porsche.The sale by Qatar means that "all of...
INDONESIA'S state-owned oil and gas company Pertamina is vigorously campaigning to acquire oil and gas assets overseas, at the cost of its own dormant blocks at home, a top official has said.Rudi Rubiandini, the head of upstream watchdog SKKMigas,...
MALAYSIA'S halal industry has room to grow further with various programmes organised by the government to boost trade for the industry.Malaysia External Trade Development Corp (Matrade) chief executive officer Datuk Dr Wong Lai Sum said the halal...
HOME electronics manufacturers are accelerating moves to expand production and sales of appliances such as refrigerators in Southeast Asian countries.Mitsubishi Electric Corp has started manufacturing luxury refrigerators in Thailand, while Sharp...
INDONESIA'S parliament debated measures on Monday to open the way for a jump in fuel prices after months of delay that have undermined confidence in the government and the ability of Southeast Asia's biggest economy to continue rapid growth.The...
INDIA cuts its Iranian oil imports by more than 40 per cent in the first five months of the year, replacing the crude with shipments from Venezuela, Iraq and Oman, and pushing Iran down four places to seventh among its suppliers.India's imports of...
Vietnam's Petrolimex buys spot gasoil cargo SINGAPORE: Vietnam's top fuel importer Petroleum Import-Export Corp, or Petrolimex, bought one cargo of gasoil for June delivery at a sharply higher differential to benchmark prices than a previous deal,...
Monday, 17 June 2013
TAX evasion and banking secrecy, hot topics and top targets because of the financial crises and austerity, could be the focus of strong statements at the G8 (Group of Eight) meeting this week.The British government, organising the meeting in...
SINGAPORE on Friday censured 20 banks, including top global lenders, over attempts to manipulate local benchmark rates part of a widening rate-rigging scandal being investigated by financial regulators worldwide.The Monetary Authority of Singapore...
THE Myanmar-China Shwe pipeline project is ready to begin exporting gas to China as of early July according to officials with the Ministry of Energy of Myanmar."The export of gas has been delayed by about three months due to delays in the...
Microsoft Office software debuts on iPhoneSAN FRANCISCO: Microsoft on Friday made Office available on iPhones for people who pay to use the popular productivity software as a service in the Internet cloud. A free Office Mobile application for...
EUROPEAN authorities are close to agreeing on the final draft of markets abuse rules that will make the standard commodities market practice of trading on inside information illegal.Commodities market players say the draft regulation, which will lay...
NOW is the best time for China to develop its service trade, and the country can become one of the biggest outsourcing service providers in the world within the next few years, Wei Jianguo, former vice-minister of commerce and secretary-general of...
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