30 Mar 2012 - 2:35pm
TOKYO: Japan's factory output fell unexpectedly in February, data showed Friday, suggesting the recovery in the world's number three economy remained anaemic.
The fall confounded expectations for a third straight increase, although officials pointed out that manufacturers expect the slowdown to be temporary.
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29 Mar 2012 - 4:38pm
NEW DELHI: India's debt-laden national carrier Air India makes a loss of nearly 100 million rupees ($1.9 million) every day, the country's civil aviation minister told parliament on Wednesday.
The country's fourth-largest airline by market share has been hit hard by rising fuel prices and fierce competition which have added to its legacy of...
28 Mar 2012 - 6:32pm
BANGKOK: Thailand Wednesday approved a new tax incentive to stimulate investment in the country's industrial heartland which was badly hit by last year's floods, Industry Minister Pongsavas Savasti said.
The Board of Investment agreed to waive corporate income tax for eight years at 150 per cent of investment value for all new and extended...
28 Mar 2012 - 2:44pm
SYDNEY: Australia's mining boom is just the first taste of Asia's ascendancy, Treasurer Wayne Swan said Wednesday, with the region's new prosperity expected to transform the global economy.
Australia's chief economics minister said the shift of power towards Asia would have truly enormous implications for his country, which would find...
27 Mar 2012 - 3:26pm
KUALA LUMPUR: Malaysia Airlines (MAS) and Bangkok Airways have commenced a code-sharing agreement on the Thai carrier's selected domestic flights and international routes between Thailand and Malaysia. The arrangement, effective March 25, also covers MAS services between Malaysia and Thailand. It will allow the national carrier to set its MH...
27 Mar 2012 - 2:24pm
TOKYO: The president of a company at the centre of scandal in which $1.3 billion of pension fund cash was lost said Tuesday he was sorry but did not explain how he might get the money back.
AIJ Investment Advisers is accused of losing 109.2 billion yen of money that clients put away to fund their retirement after exaggerating how well the...
26 Mar 2012 - 2:50pm
SYDNEY: Australian flag carrier Qantas and China Eastern Airlines will launch a new Hong Kong-based budget airline as they move to tap into China's booming aviation market, they announced Monday.
The new low-cost Asian carrier, Jetstar Hong Kong, will launch in 2013 and fly short-haul routes, including in China, Japan, South Korea and...
26 Mar 2012 - 2:22pm
KUALA LUMPUR: Bank Rakyat today declared a 20 per cent dividend or RM435 million payout for the 2011 financial year. The bank declared a dividend of 15 per cent or RM330 million in payout for 2010 and a five per cent bonus share dividend of RM105 million. In announcing the dividend and the bank's financial performance, Domestic Trade, Cooperatives...
25 Mar 2012 - 3:12pm
KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn. Bhd. (Perodua) is still open to collaboration talks with DRB-Hicom Bhd, the new owner of national car maker Proton Holdings Berhad. Perodua managing director Datuk Aminar Rashid Salleh however said that the country's largest car maker is still against any kind of merger....
25 Mar 2012 - 4:24am
WASHINGTON: After decades of US caterwauling about the crippling impact of China's low labour costs on domestic manufacturing, firms state-side now fret about the impact of rising Chinese wages.
First came anger, then depression and then acceptance.
In the three decades since Deng Xiaoping began opening China's economy, US...
