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Thursday, 6 June 2013
AIRASIA Bhd remains unfazed by the aggressive expansion plans unveiled recently by its rival Malindo Air, citing network connectivity as a major strength for the airline, moving forward.AirAsia chief executive officer, Aireen Omar said the frills-...
Wednesday, 5 June 2013
THE queue of Spanish jobless benefit claimants shrank in May for a third straight month, raw data showed Tuesday, a result hailed by the government as it battles record unemployment.But Prime Minister Mariano Rajoy's conservative Popular Party...
HUNDREDS of global leaders, industry chiefs and foreign media are descending on Myanmar's once-reclusive capital as the former pariah showcases its political and economic reforms in a bid to entice investment.Some 900 delegates from more than 50...
STATE investor Khazanah Nasional Bhd has sold 50 million shares worth RM412 million (US$133 million) in Malaysia's largest power utility Tenaga Nasional Bhd, banking sources said yesterday.The sale reduces Khazanah's stake in the power company to 32...
CHINA'S Lenovo Group Ltd, the world's No 2 PC maker, is in detailed discussions on a smartphone venture with NEC Corp, a Japanese partner in PCs whose mobile business is faltering, as it eyes partnerships and acquisitions to expand in high-...
EU to press ahead andimpose solar duties BRUSSELS: The European Union will press ahead with duties on billions of euros of Chinese solar panels despite resistance from Germany, people close to the matter said yesterday, while also pursuing...
GENERAL Motors Co, the biggest foreign automaker by sales in China, aims to boost its exports from the country by nearly 70 per cent this year because of strong demand for its Chinese-developed low-cost cars, a local executive said.The US automaker...
First of three partsIS IT "noon"? Looking across Asia, the future looks bright with continuing strong demand from the Asian tiger economies, high global prices for Brunei's energy exports, sustained global demand, and steady current...
GERMAN chemicals giant BASF said yesterday it plans to invest €10 billion in the fast-growing Asia-Pacific region between now and 2020, creating up to 9,000 new jobs there.BASF said in a statement it aims to generate annual sales of €25...
THREE of the world's top rubber-producing countries, Thailand, Indonesia and Malaysia, will meet next week to discuss measures to stabilise prices, a senior Thai official said yesterday.Traders and other industry officials said they expected...
Tuesday, 4 June 2013
STATE-OWNED Islamic Bank of Thailand plans to increase its capital by 7.11 billion baht or US$234.9 million, and issue a 5 billion baht sukuk, the country's first-ever Islamic bond, the bank said yesterday.The bank said it hoped this strategy would...
THE private sector has a vital role to play in African development, international leaders said in Tokyo yesterday on the final day of a three-day meeting hosted by Japan.The Tokyo International Conference on African Development (TICAD) wrapped up...
MATEO Ragonjan took a leap of faith in August last year.The executive sous-chef of a seven-star luxury hotel in Abu Dhabi packed his bags to take up a similar job back home in the Philippines.He is one of a small group of like-minded Filipinos...
THE 2nd Malaysia-Xi'an Halal Food Festival aims to attract over 100,000 visitors to its 12-day exhibition beginning Friday.Last year, some 50,000 visitors visited the exihibition, said Agriculture and Agro-based Industry Ministry secretary-general...
INDONESIA'S financial regulator (OJK), which will have oversight of the banking sector from next year, supports a maximum 40 per cent ownership limit rule for banks that is a key element of a new law legislators hope to enact next year.The ownership...
FED up with a profitable textile company's failure to repay its loan, India's UCO Bank has taken its grievance public, placing newspaper ads last month that brand the industrialist owner of S Kumar's Nationwide Ltd a defaulter.State Bank of India (...
INEQUALITY is on the rise in most advanced economies, the International Labour Organisation (ILO) lamented yesterday, decrying surging executive compensation and large companies hoarding profits rather than investing.The world economy is slowly...
Airlines to post US$12.7b profit in 2013CAPE TOWN: Global airlines are set to post profits of US$12.7 billion this year, the International Air Transport Association (IATA) forecast yesterday, revising higher a previous estimate. This compared to US$...
EUROPEAN Central Bank (ECB) chief Mario Draghi said yesterday he expects a gradual recovery in the crisis-hit eurozone to start later this year despite lingering "vulnerabilities"."The economic situation in the euro area remains...
CHINA'S manufacturing activity shrank more than first reported in May, HSBC said yesterday, confirming the first contraction in seven months.The British banking giant's final purchasing managers' index (PMI) reading for May came in at 49.2, the bank...
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