December 2011

  • chin
31 Dec 2011 - 4:36pm
BEIJING: China's central government, in a move to reduce restrictions on foreign investment, has issued new guidelines for encouraging foreign investments in strategic emerging industries. The guidelines, jointly issued by the National Development and Reform Commission and the Ministry of Commerce, encourage more foreign investment into energy-...
  • motoq
30 Dec 2011 - 2:10pm
KUALA LUMPUR: The local car industry is set to shift into high gear in 2012 despite having gone through a roller-coaster ride this year. Both the national and non-national car companies have announced exciting model launches, facility and network expansion as well as upgrading programmes. Some have received enquiries and bookings ahead of the...
  • syed
29 Dec 2011 - 10:07pm
UALA LUMPUR: Proton on Thursday announced an extension of its free rear centre lap belt installation service from Dec 31 to Jan 31, 2012, as part of its ongoing Rear Centre Lap Belt Campaign. Since the government first announced in June 2008 a new ruling to make it compulsory for vehicles to be fitted with the safety device, Proton has been...
  • manu
28 Dec 2011 - 4:46pm
SHENZHEN: Wedding dress maker Wang Lujia earns a living making brides happy, but the global economic crisis is casting a chill over her small business in southern China.   At her workshop in this manufacturing hub, workers stitch and bead by hand wedding gowns designed for brides in the United States and Europe, which are now reeling from...
  • Azman Mokhtar
28 Dec 2011 - 4:37pm
To put things simple enough, RM18 million of MAS’ very important, very hard earned cash was given to another company belonged to one of its directors. Basically, a director of MAS, Tony Fernandes got RM18 million given to his other company – a football team, Queens Park Rangers (QPR). There is a massive conflict of interest there. Worse, the...
  • mag
28 Dec 2011 - 3:02pm
KUALA LUMPUR: Magna Prima Bhd (MPB) is set to develop high-end property projects with an estimated gross development value (GDV) of more than RM1.6 billion. MPB, an investment holding company, aims to develop a commercial development project comprising two towers, residential units and a hotel on Jalan Ampang, as well as a mixed-development...
  • mar
27 Dec 2011 - 2:24pm
NEW YORK: Malaysia's attractiveness as a destination for foreign direct investment (FDI) has considerably improved in 2011, according to the latest evaluation released by management consultant A.T. Kearney. Although the study, known as "The 2011 Foreign Direct Investment Confidence Index List", is dominated by  China, India and Brazil,...
  • rich
25 Dec 2011 - 2:32pm
LONDON: European stocks and the euro will face fresh turbulence in 2012 after a year in which equity markets slumped and the single currency lost ground against the dollar mainly due to the eurozone crisis. Europe's main stock markets have tumbled between 6.5 and 25 per cent since the start of 2011, as traders looked past positive economic...
  • xmas
23 Dec 2011 - 5:55pm
JAKARTA: An imported Christmas tree. Santa taking wish lists from children. Fake snow and carols at shopping malls. Christmas is serious business in Indonesia, the world's most populous Muslim nation.   Malls and luxury hotels in Jakarta are offering holiday deals and are decked out for Christmas, with shoppers at the sprawling Taman Anggrek...
  • stoc
23 Dec 2011 - 2:35pm
HONG KONG: Asian stock markets rose on Friday as investors welcomed better-than-expected jobs data from the United States that suggest the economic recovery there is gaining traction.   But while the final trading day before the Christmas break was positive, there were still lingering concerns over the European debt crisis, which has roiled...