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 Asia Business News |
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• TATA steel firm could list internationally
India's TATA Group is reportedly looking to spin off its international steel assets in an overseas listing that could raise billions of dollars to help bankroll the steel unit's expansion.
• Toyota launches Corolla Altis; eyes 10% market share
NEW DELHI: Aiming to achieve a 10 per cent market share in the Indian passenger car market, Japanese auto major Toyota on Friday launched an advanced version of its sedan, Corolla Altis, priced bet...
• Temasek Sells Senoko Power To Japanese Consortium For S$3.6 Bln
SINGAPORE, Sept 5 (Bernama) -- Singapores Temasek Holdings finally sold its wholly-owned power generation company, Senoko Power Ltd, to a Japanese consortium, Lion Power Holdings Pte Ltd, for S$3.6 bi...
• Ringgit Is Retaining Its Grounds, Says Nor Mohamed
KUALA LUMPUR, Sept 5 (Bernama) -- The ringgit may be weaker against the dollar but it has been retaining its grounds against other major currencies like pound sterling and euro, Second Finance Ministe...
• Rupee falls to lowest since Dec 2006
MUMBAI: Rupee fell to its lowest since December 2006 on Friday, as a stock market slide triggered concerns of further foreign fund outflows.
• Asia Needs To Focus On Leadership Development To Sustain Growth
KUALA LUMPUR, Sept 5 (Bernama) -- Chief executive officer's (CEOs) in Asia, expressed a willingness to develop the next generation of leaders in their respective organisations, but very few were proac...
• Main Bank of China Is in Need of Capital
It has been on a buying binge in the United States over the last seven years, snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac. Th...
• [EU PVSEC] Mitsubishi Claims World
What excited the visitors to the EU PVSEC were not only oral sessions but also poster presentations. Especially, the one prepared by Mitsubishi Electric Corp attracted much attention. On the post...
• Toyota to increase dealerships to 170 by 2010
New Delhi, Sept 5 : Japanese auto major Toyota today said it plans to more than double its dealership in the country to 170 by the year 2010 from the present 77.
• Tecmo Rejects Square Enix, Considers Merger with Koei
Tecmo Ltd, a Japanese game software developer, announced Sept 4, 2008, that it will begin negotiation toward the management integration with another game developer Koei Co Ltd. Tecmo also reveale...
• All-around improvement for
Second time was the charm for Toyota Sequoia. A redesign for '08 improved it all around, with an extra forward speed in its transmission (there are six now), a new fully independent suspension, more ...
• Subbarao takes charge as RBI governor, says inflation a priority
MUMBAI: D Subbarao on Friday took charge as the governor of Reserve Bank of India (RBI) from Y V Reddy and set for himself the immediate task of containing inflation, which is hovering above the 12...
• Voice etiquette in communication
By Shital Kakkar Mehra Being articulate and having a well-modulated voice is a powerful business tool to enhance your personal impact. Though a cultivated vocabulary is the key to effective communica...
• [Interview] Mobile Communication Speed Reaching Limit, Qualcomm CEO Says
LTE, WiMAX, HSPA Evolution, etc ... new technologies are now being introduced in the world of mobile communication. Depending on system configuration, it might be possible to realize a high-speed mobi...
• University Develops Highly-conductive Solid Electrolyte for Li-ion Batteries
Akitoshi Hayashi, an assistant professor of Osaka Prefecture University, developed a technology that enhances the output performance of all-solid-state Li-ion secondary batteries. Specifically, i...
• Oil steady in Asia ahead of OPEC meeting
Oil prices were steady on Friday in Asia below $108 a barrel as investors wait to see if OPEC moves to restrict output at its meeting next week amid a two-month plunge in prices.
• Qantas hit by more problems
Australia's Qantas Airways has been hit by more aircraft problems. A Qantas flight in Melbourne was cancelled today after fumes were detected on board the plane. Passengers on a second fl...
• Markets move deeper into red, banking leads decline
Markets have slipped further in the noon trade with frontline stocks coming under heavy selling pressure. The Sensex was down 430 points, or 2.9 per cent, to 14,468.
• Workshops Expect To Face Losses With New Rules By Insurance Player
KUALA LUMPUR, Sept 5 (Bernama) -- The Federal Territory & Selangor Automobile Repairers' Association claimed about 99 of its members will face losses due to new rules imposed by a local insurance play...
• Deora rules out immediate cut in fuel prices
NEW DELHI: Petroleum Minister Murli Deora on Friday ruled out any immediate cut in fuel prices, saying international prices will have to fall further to trigger a retail price reduction. "Oil com...
• Policymakers, Investors Need To Understand True Causes Of Problems In US Housing, Financial Sectors
KUALA LUMPUR, Sept 5 (Bernama) -- Policymakers and investors need to understand the true causes and triggers of the current problems in the US housing and financial sectors. "If policymakers misund...
• London bound passengers stranded over Qantas wing fault
Passengers on a Qantas Airways flight to London were stranded overnight because of damage to a wing and another Qantas flight was cancelled today after fumes were detected on board.The problems are th...
• Petronas Assures Adequate Industrial & Natural Gas Supply For Penang
PENANG, Sept 5 (Bernama) -- Petronas has assured Chief Minister Lim Guan Eng of adequate industrial and natural gas supply for vehicles in the state. Lim said Petronas President and Chief Executive...
• Europe is destination next for Indian professionals, workers
NEW DELHI: With the government pushing for a bilateral labour mobility agreement, Indian professionals and workers may soon be headed for destinations in Eastern European countries, as 13 million jo...
• Korenix Announces M12/IP68 Industrial Managed Ethernet Switch
Korenix has released an Industrial 6-port Managed M12/IP68 Ethernet switch, JetNet 4506-M12, specifically designed for tough industrial environments. The device can also withstand severe Electric Magn...
• Qantas battles more delayed flights, advertising complaints
More turbulence hit Qantas today with the national carrier again plagued by flight delays and complaints about its offshore advertising strategy. In the latest developments, 308 passengers on a fligh...
• Automotive MEMS Sensor Market to Nearly Double by 2012, Says iSuppli
Driven by new government mandates, global shipments of automotive MEMS sensors are expected to nearly double from 2006 to 2012, according to iSuppli Corp. The research firm forecasts worldwide au...
• DuPont Launches Photovoltaic Solutions Business in India
DuPont has established its DuPont Photovoltaic Solutions (DPVS) business in India. The DPVS product portfolio includes films, resins, encapsulant sheets, flexible substrates, and conductive pastes for...
• Bluetooth to Become Critical Feature of MID, Says ABI Research
The market for Mobile Internet Devices (MID) -- the new class of Internet-connected products offering "always-on" Web browsing, photography and video, navigation, games, social networking an...
• Aim To Sell 63,000 Cars In 2008
"This year's target is to sell 63,000 vehicles and by fiscal 2015 we are aiming a market share of about 10%," Vikram Kirloskar, the vice chairman of Toyota Kirloskar Motors Pvt. Ltd., said ahead of ...
• Rupee steady against dollar in early trade
The Indian rupee traded around its last closing levels after opening weak against the greenback in early trade on Friday on some dollar selling amid a sharp fall in Asian equity markets.
• South Korea Intervenes Again to Help Falling Won
South Korean authorities jumped into foreign exchange markets once again on Friday to support their tumbling currency, which has been hammered all week by fears of capital flight from Asia's fourth-bi...
• China, Singapore agree on free trade accord
The agreement, finalised in talks this week between Singapore Deputy Prime Minister Wong Kan Seng and Chinese Vice Premier Wang Qishan in the northern coastal Chinese city of Tianjin, is likely to be ...
• New problems on 2 Qantas planes cause delays
A Qantas Airways flight from Melbourne to Sydney was canceled Friday after fumes were detected on board, while passengers on another Qantas flight found themselves stranded in Melbourne overnight beca...
• Toyota Kirloskar launches new variant of Corrolla
Called the Toyot Altis, the variant is a mid-sized sedan with premium luxury features. The price of the car is however, yet to be announced. The Altis comes in three variants. Toyota executives said...
• Mkts open gap-down on weak overseas cues
MUMBAI: National Stock Exchange’s benchmark Nifty on Friday plunged 81.95 points to 4365.80. Bombay Stock Exchange’s 30-share Sensex shed 330.09 points to 14469.01 from Thursday’s close. ...
• Rupee weaker as Asian stocks down
MUMBAI: The rupee fell in early trade on Friday as local shares are expected to follow weak cues from Asian stocks, leading to foreign fund outflows. But anticipated capital inflows from a large...
• Amartya Sen in IMF-appointed reform panel
The International Monetary Fund (IMF) on Thursday formed a committee of eminent persons, including Nobel laureate Indian economist Amartya Sen, to advise on any modification that might enable the body...
• Japan Capex Falls, Hitting GDP Amid Global Worries
With markets once again taking a dim view of the global economic outlook, the data underscored a view that high raw material costs were hurting Japan's economy, which is already seen as in a recession...
• Mitsubishi UFJ Financial denies Lehman Brothers bid
se megabank was considering bidding for a stake in troubled U.S. investment bank Lehman Brothers. "The report is not true," MUFG spokesman Takashi Miwa said without elaborating further. The ...
• Qantas flights cancelled over fumes in cabin
Qantas says three flights between Melbourne and Sydney have been cancelled today after fumes were detected in the cabin of a flight this morning. Passengers on the 767 leaving Melbourne were made to ...
• Lone Star May Sue S.Korea Government on KEB Deal
U.S. private equity house Lone Star is seriously considering suing the South Korean government if it delays approval beyond September of the firm's $6.3 billion sale of shares in a local bank, a newsp...
• US stocks tumble on falling energy stocks
US stocks posted sharp losses on Thursday as oil prices continued to fall and weekly jobless numbers sparked wider concerns about the state of employment in a sluggish US economy.
• Qantas ads under scrutiny in the UK
Britain's advertising watchdog is investigating print and television advertisements by Qantas. The British Advertising Standards Authority has received complaints about a campaign which claims Qantas...
• Sony recalls over four lakh VAIO laptops
Technology giant Sony on Thursday recalled over four lakh units of its successful Vaio brand laptops due to potential burn hazards from overheating and short circuits.
• Asian currencies slide; central banks intervention seen
SINGAPORE -- Asian currencies lost ground on Friday against a firmer dollar amid global downturn fears, but suspected official intervention underpinned the Philippine, Indonesian, South Korean and Mal...
• Samsung Electronics Is Mulling SanDisk Options
"We are looking at various opportunities regarding SanDisk, but nothing has been decided yet," James Chung, a spokesman for Samsung, told Reuters. Samsung shares were up 2.7 percent in the Asian ses...
• Qantas cancels flight as
Watchdog chases Qantas over ad claims PASSENGERS were forced off a Qantas flight this morning after fumes filled the cabin, according to one of the 220 people on board the flight out of Melbourne. Th...
• Asian markets in a sea of red; Nikkei down 319pts
The Hang Seng has plunged 562 points to 19,827. The Nikkei has slumped 319 points to 12,239. The Taiwan Weighted index has dropped 104 points to 6,308. The Straits Times index has shed 47 points at 2...
• Key 10-year JGB yield falls after drop in Nikkei index+
TOKYO, Sept. 5 (AP) - (Kyodo)—The yield on the benchmark 10-year Japanese government bond fell sharply Friday morning as investors fled to safe-haven bonds following a tumble in the key Nikkei st...
• Power projects of about 1,500MW
to be completed within 18 months Friday, September 05, 2008 By our correspondent ISLAMABAD: Federal Minister for Water & Power, Raja Pervez Ashraf on Thursday, said the government is fully comm...
• Broadening tax net for economic turnaround suggested
Friday, September 05, 2008 By Mansoor Ahmad LAHORE: Increasing revenues without enlarging the tax base would promote non-documented economy as the government has provided many avenues of parking t...
• Basmati exporters unable to sell at MEP
Friday, September 05, 2008 By our correspondent KARACHI: The Union of Small and Medium Enterprises (UNISAME) has invited the attention of the Ministry of Commerce (MoC) to the inability of rice ex...
• Poultry sector seeks exemption from L/C margin
Friday, September 05, 2008 By our correspondent LAHORE: Pakistan Poultry Association (PPA) has urged the government to exempt poultry sector from 35 per cent L/C margin imposed on raw materials im...
• Oil firms above $109
Friday, September 05, 2008 LONDON: Oil edged up on Thursday as a number of US refineries remained shut because of hurricane disruption and ahead of US government data expected to show falls in gasoli...
• Rupee off record low
Friday, September 05, 2008 KARACHI: Rupee recovered from a record low on Thursday but dealers said the currency may be dragged down further by persistent political tension and a weak economic outlook...
• Gulf shares spiral down on oil dip, Iran fears
Friday, September 05, 2008 DUBAI: Gulf Arab stocks plunged on Thursday as weaker oil prices and tensions with Iran compounded a broad sell-off in emerging markets, sending some indexes down as much a...
• Importers mix yellow peas with gram flour
Friday, September 05, 2008 By Aftab Maken ISLAMABAD: Importers of yellow split peas are fleecing consumers in the current holy month of Ramazan by mixing the commodity with gram pulse, Kabuli whol...
• Etihad to operate additional Umra flights in Ramazan
Friday, September 05, 2008 KARACHI: Etihad Airways is to provide an additional 24 flights during the holy month of Ramazan from Pakistan to Jeddah and add special flights to Medina Al Munawara.The ex...
• Boeing to advise on Mitsubishi Regional Jet
TOKYO — Boeing Co will serve as consultant to Mitsubishi Heavy Industries for its mid-sized regional jet—the first “made in Japan” passenger aircraft in three decades, the Jap...
• CCT signs up leases for 77,900 sq ft in 2 office towers
+65 6388 3838 Operating hours in Singapore time (+8 hours GMT) Mon-Fri: 8.45am - 5.15pm & Sat: 8.45am - 12.15pm After office hours, leave a voicemail.
• AJK Ramazan Bazaars to sell edibles at subsidised rates
Friday, September 05, 2008 By Sayed Abid Hussain Shah MIRPUR: In order to ensure required supply of edibles to the general consumers at subsidised rates during the holy month of Ramazan, the admin...
• Mercedes may cruise with A-Class in India
NEW DELHI: Global automotive major Mercedes-Benz on Thursday said it is evaluating a possibility for introducing its small range A-Class car in India. The company would also introduce series of ...
• Consumers should not pay for dropped calls
While cellphone users welcome the full talk time on pre-paid recharges, they continue to await respite from an age-old and recurrent problem that affects their monthly billing —dropped calls. ...
• Auto sector will be under focus market scheme
NEW DELHI: Government said it would bring the automotive sector in the ambit of Focus Market Scheme as part of its efforts to make India a global small car hub. Focus Market Scheme, aims to help In...
• Fiat wants to drive JLR with Tata
NEW DELHI: After forming a joint venture with Tata Motors for cars in India, Italian auto major Fiat is now looking to partner the Indian company for Jaguar and Land Rover (JLR) brands and hopes to...
• Strategy on cards to restore economic stability
Friday, September 05, 2008 By our correspondent ISLAMABAD: At a joint meeting of the Economic Advisory Council (EAC) to the Prime Minister, and the Planning Commission (PC), it was decided that th...
• Juicy China deal for Coke - and Danone
+65 6388 3838 Operating hours in Singapore time (+8 hours GMT) Mon-Fri: 8.45am - 5.15pm & Sat: 8.45am - 12.15pm After office hours, leave a voicemail.
• Karachi bourse on artificial respirator, closes flat
Friday, September 05, 2008 By our correspondent KARACHI: The hopefuls again helped market maintaining in positive territory with fractional gain on Thursday. Otherwise, there was no sign of closin...
• Mitsubishi gets Boeing on board in development of Japanese jet
Mitsubishi Aircraft Corp. said Thursday it has concluded an agreement with Boeing Co. to receive support from the U.S. aircraft manufacturer in the marketing, development and after-sales activities fo...
• Tie-up formed to raise Indian firms
*Have you created IDs and passwords to enter other SPH online sites such as AsiaOne Careers? If so, then checking this box will mean that your BTO ID and password will override those earlier IDs an...
• Banking spread widens to 7pc
Friday, September 05, 2008 By Shahzad Anwar KARACHI: The banking spread bounced back in July and settled at 7.05 per cent compared to 6.78 per cent a month ago. Similarly, the spread, the differen...
• Moser Baer sells 6.5% in arm to PE firms
NEW DELHI: Optical storage media manufacturer Moser Baer India on Thursday said it has sold 6.5% stake in its photo-voltaic unit for Rs 411 crore to a consortium of investors including Japanese fir...
• 222,390T of wheat imported
Friday, September 05, 2008 KARACHI: A total of 2,22,390 metric tonnes of imported wheat has arrived in the country and about 141,700 metric tonnes has been delivered to all the four provinces and Uti...
• PIA appoints CDC as shares registrar
Friday, September 05, 2008 KARACHI: Pakistan International Airlines Corporation (PIAC) recently appointed Central Depository Company of Pakistan Limited as its new Shares Registrar/Transfer Agent. Af...
• Fiat plans to boost ties with China, India
MILAN: Italian car maker Fiat is in talks with Chinese companies about possible partnerships and is considering further tie-ups in India, Italian media reported on Thursday, citing the company's ch...
• Global risk is just around curve
NEW YORK: The world financial system is near a dangerous tipping point of uncertainty and chaos as economic and geopolitical power shifts away from the United States, according to a new book. I...
• Indian Americans critical to US prez poll
NEW YORK: Indian American voters see themselves more closely aligned with Democrats on a range of economic, cultural and international issues, very far from the Republicans, and may play a critical...
• GAIL approves bonus shares, to double capacity
NEW DELHI: GAIL approved one bonus share for every two shares, even as chairman U D Choubey told shareholders the company will nearly double its Pata petrochemicals plant's capacity to 800,000 tonn...
• Sensex ends 150 points lower
MUMBAI: Benchmarks ended choppy session lower on Thursday following negative cues from global markets, ahead of inflation data and developments on India-US nuclear deal. Market opened weak mirro...
• SEZ exports to grow over four-fold
NEW DELHI: Controversies apart, exports from special economic zones (SEZs) have registered a growth of 192 per cent between 2005-06 and 2007-08, and are likely to see a phenomenal 451 per cent rise ...
• Asia leads mobile growth, lags on net
BANGKOK: Asia will continue to deliver strong growth in the mobile phone market due to sustained demand from China and India, the world's two biggest markets of such services, industry officials sai...
• Talks Resume on India-US Nuclear Technology Deal
VIENNA, Austria - International talks resumed Thursday on a contentious U.S. plan to sell peaceful nuclear technology to India — a deal that critics contend would reverse decades of progress in disc...
• Toyota Texas Bass Classic Moving To Conroe For Spring
The Toyota Texas Bass Classic is an independent event held by the Professional Anglers Association and has featured the top names in professional bass fishing in a team format. The anglers have longed...
• State Govt Applications For More Funds To Be Studied, Says Abdullah
PUTRAJAYA, Sept 4 (Bernama) -- The Federal Government will study the applications from state governments for higher allocation of funds following their increased financial responsibilities, Prime Mini...
• India rupee edges up as inflow outweigh oil, stocks
MUMBAI: The Indian rupee traded in a wide range before closing marginally higher on Thursday as capital inflows from a large company were offset by dollar demand from oil refiners and importers.
• Govt will help Tata
NEW DELHI: Amidst a series of controversies, Minister of Commerce and Industry Kamal Nath on Thursday said the government will do anything to help all the parties arrive at a convergence so that Tat...
• Toyota tops Middle East car sales chart
High energy prices may be spoiling the party for automakers in North America, Europe and Japan, but they are providing a haven in the Middle East, according to latest figures.
• MIA To Host International Federation Of Accountants Meeting
KUALA LUMPUR, Sept 4 (Bernama) -- The Malaysian Institute of Accountants (MIA) will play host to the board meeting of the International Federation of Accountants (IFAC), to be held here from Sept 8-12...
• Maruti rules out price cut to compete with Nano
"We are not in a position to get into that segment (Nano) and we have no plans to cut the price of M 800 (Maruti 800) to compete with Nano," said Maruti Suzuki India Managing Director Shinzo Nakanishi...
• Algaechem Expects RM25 Million Revenue A Year From Astaxanthin Production
KUALA LUMPUR, Sept 4 (Bernama) -- Algaechem Sdn Bhd, a local company that has ventured into micro-algae research and development for commercialisation, expects about RM25 million in revenue annually f...
• Ronser Bio-tech Takes Over Chinese Biotech Firm
KUALA LUMPUR, Sept 4 (Bernama) -- Ronser Bio-Tech Sdn Bhd has emerged as a specialist in industrial high organic wastewater via a 100 percent acquisition of a China-based biotechnology company, KangCh...
• Kl Shares Turn Lower At Close
KUALA LUMPUR, Sept 4 (Bernama) -- Share prices on Bursa Malaysia turned slightly lower at close Thursday on last minute selling by foreign funds on selected heavyweights, dealers said. The benchmar...
• Inflation eases to 12.34% for the week ended Aug 23
NEW DELHI: Continuing its southward journey, inflation further slipped to 12.34 per cent for the week ended August 23 from 12.4 per cent recorded a week earlier. The nation's annual inflation ra...
• Markets end volatile session lower
MUMBAI: Market ended choppy session lower on Thursday ahead of inflation data and outcome of Nuclear Supply Group meet on Indo-US nuclear deal. Bombay Stock Exchange’s Sensex closed at 14,917....
• Consumers shun macho marketing
The world is changing and consumers are shunning macho approaches to marketing. The testosterone language and macho approach of the 80s no longer holds sway with today’s consumers. In the commerc...
• [EU PVSEC] Sharp Announces Technique to Halve Wafer Production Costs
Sharp Corp announced a new technology that can reduce wafer production cost by 50% in its presentation titled "New Wafer Technology for Crystalline Silicon Solar Cell" at the EU PVSEC. ...
• Tata Suspends Construction of
Tata Motors of India announced that the construction of a plant for the "nano," a low-price compact car scheduled to be released in October 2008, will be suspended. The suspension was d...
• Fujitsu, Nanya Settle Patent Dispute
Fujitsu Microelectronics Ltd and Nanya Technology Corp of Taiwan settled their DRAM patent disputes and signed a patent license agreement Sept 2, 2008. Under the agreement, Fujitsu Ltd will withd...
• Kyocera Shows Internal Design of
Kyocera's W64SA with the light turned on. The light is available in five colors, red, blue, pink, yellow and green. Users can select two colors for illumination, which is displayed when the handset is...
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