Latest Asia Business News
RSS-
Toyota seen to ride on PH growth
MANILA, Philippines--The group of taipan George Ty expects its automotive business under Toyota Motor Philippines (TMP) to get a big boost from the rise of the domestic economy as per capita gross domestic product (GDP) is seen to hit $3,000 in the next few years. GT Capital, the parent company of TMP, is ready to ramp up manufacturing output and expand its distribution network to meet the ...
-
HC clears Vodafone-Indus tower merger
MUMBAI: A recent Delhi high court order allowing the merger of Vodafone Essar's tower assets into Indus Towers will finally clear all legal hurdles for the tower company - a joint venture between India's top three private mobile operators Bharti Airtel, Vodafone ...
-
Take away 3 RIL gas finds DGH
Shibulal cited the recent Infosys 3.0 strategy as a transformation exercise that could set the company on a high-quality growth path in the long ...
More Asia Business News
RSS-
Everstone nets Rs 1.3k cr for warehouses
private equity firms, has raised $250 million (over Rs 1,350 crore) from global investors to build industrial warehousing in the country. The just-concluded fund raise probably signals the return of long-term risk investors to India investment story, which they had put on hold for last 24 months. Everstone is developing a network of warehousing centres through IndoSpace Logistics Parks, a joint ...
-
Pesky calls SMSs back Trai looks for a fix
real estate development in town, pesky messages have made a strong comeback. What's worse, there is a sudden rise in the number of phone calls, several of which are soliciting donations from non-governmental organizations (NGOs) that you have probably never heard of. Then, there are agents of some of the ...
-
Google boss Eric Schmidt defends British tax affairs
British tax . Writing in Britain's Observer newspaper, Schmidt insisted that Google "has always aspired to do the right thing" and that the company pays "significant" amounts of British corporate, local and employment tax. But he added: "International tax law could almost certainly benefit from reform." Margaret Hodge, chairwoman of the British ...
-
Incorrect tax withholding most frequent payroll error EY
Ernst and Young (E&Y) said. E&Y's survey, Global Payroll: Myth or Reality, reveals majority of multinationals want improvement in their payroll practices, yet they are skeptical about whether payroll providers can deliver a comprehensive global solution. The survey covered 161 respondents comprising global senior payroll ...
-
Military Attack wins Singapore Airlines Cup to make it Hong Kongs night
Military Attack and Zac Purton are led in after the Singapore Airlines International Cup by George Moore, son of trainer John Moore. Photograph: Neville ...
-
Brands Advertise Full-Force at Cannes
CANNES, FRANCE--The Cannes Film Festival is in full swing, and the key players from the film industry have jetted off to the south of France for 12 days of screenings, meetings and parties. But it's not just Hollywood A-listers who have made the trek out to the South of France. Brands from Belvedere to Magnum ice cream have ubiquitous presences during the festival. They pay to sponsor ...
-
Eurovision debacle Germans blame Eurozone crisis
Eurovision Song Contest, blaming chancellor Angela Merkel's tough stance in the Euro zone crisis for their failure to win any points from 34 of the 39 countries voting. Denmark's Emmelie de Forest won the event, watched by around 125 million people across Europe, with 281 points while German act Cascada was 21st out of 26 countries, getting just 18 points from Austria, Israel, Spain, ...
-
Holdens signs similar to Mitsubishi when it closed Adelaide plant
HOLDEN is in danger of shutting its manufacturing operations and could bring the rest of the car industry down with it. That's the warning from University of Adelaide Associate Professor John Spoehr, who says he is seeing similar signs to the lead-up of Mitsubishi's Adelaide factory closure in 2008. LABOR MP SEEKS TARIFFS TO SAVE HOLDEN JOBS "I'm very concerned about the ...
-
Tesco clothing brand plans international expansion
said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.F&F, which opened its first franchise store in Saudi Arabia last year, said it would open shops across the Middle East and in Kazakhstan, Georgia, Armenia and Azerbaijan.Up to six stores will be opened this year, with the first in the Kazakh capital Astana next month.F&F gave no details ...
-
Toyota Auris Hybrid car review
Toyota's Auris Hybrid - an eco car that does almost 75 miles to a gallon with just a nostril caressing whiff of emissions - 85g/km. The ethically pure Auris is as clean as Jay Rayner's dinner plate...The notion of a green car will, of course, always be oxymoronic. Like false truths, turkey ham or Arsenal trophies, some pairings seem poles apart. But manufacturers are working hard at ...
-
Govt mulls putting cap on preferred seats on airlines
Following the recent exercise of unbundling various services like charging for privileged seats, meals and excess baggage, several airlines put a price on seat ...
-
GoM on PSU reforms to meet on May 22
A series of scandals and the subsequent sackings of UPA ministers may have left Manmohan Singh alone, but he’s still got his right hand men in bureaucracy to lean ...
-
FIIs invest Rs 12000 cr in stock market
Indian equity market so far this month. With this, the total foreign investment in the country's equity market has reached Rs 73,029 crore ($13.5 billion) since January. During May 2-17, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 37,997 crore, while they ...
-
These Tech Giants Covered by the Cloud Too Pros
cloud computing , which allows consumers and businesses to access data and applications anywhere, anytime. "You have to focus on cloud as a tech investor at this point," Ken Allen, technology portfolio manager at T. Rowe Price, told CNBC this week. "It cuts across the industry, across subsectors." Given cloud computing's potential, Wall Street analysts remain bullish on ...
-
Mega industrial estate planned to woo Chinese investors
LAHORE: Punjab Industrial Estate Development and Management Company (PIEDMC) plans a mega industrial estate spread over 100,000 acres where it intends to establish a Special Export Zone to facilitate Chinese investors interested in relocating their industries to Pakistan, S M Tanveer, chairman of PIEDMC, told The News on Saturday. Two years ago, the Chinese offered to establish dedicated ...
-
PML-N capable of reviving economy
LAHORE: The economic team of Pakistan Muslim League-Nawaz (PML-N) led by Ishaq Dar is capable of reviving the economy of the country as they did in their tenure in 1997-99, which was as challenging as of today particularly after 1998 bomb blasts by Pakistan, said economists. The Pakistan's economy is inherently very strong and it could be rescued even from the current brink of disaster if ...
-
Customs officials creating hurdles in seafood exports
KARACHI: The export of seafood is suffering at the hands of customs authorities, who are allegedly demanding bribes worth Rs30,000 per consignment, according to the Pakistan Fisheries Exporters Association (PAKFEA). A customs official, requesting anonymity, said the FBR has requested the Pakistan Customs Services (PCS) to prepare and submit a report on the complaints being received by seafood ...
-
Wheat buying at record low
KARACHI: Provincial food departments and the federal procurement agency, PASSCO, have so far procured less than 50 percent of its set target for wheat in the current financial year. "Provincial food departments and the Pakistan Agricultural Storage and Services Corporation(PASSCO) have so far procured a mere 3.2 million tons wheat, which is less then 50 percent of the set target of 7.1 ...
-
Nawaz Sharifs economic dilemma
Pakistan's new government's first - and stiffest - challenge will come from the economy: wiht the fiscal deficit at least a staggering nine per cent of the GDP. That's almost twice the target - and combinded with annual economic growth between three and four per cent makes for dismal reading. All this combines to make economic recovery tough for PML-N chief Nawaz Sharif - as he ...
-
Businessmen reject power tariff hike
KARACHI: The business community has opposed the raise in electricity tariff by Rs5.82 per unit and termed it an unjustified act by the caretaker government. In a statement issued on Saturday, Zubair Ahmed Malik, president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), said that the caretaker government is not empowered to take such decisions and it should wait for the ...
-
Oil price probe widens
LONDON/WASHINGTON: A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands, while a key US senator on Friday called for the Justice Department to join the investigation. Dutch trading house Argos Energies, a mid-sized trading company that deals in physical oil products and owns storage facilities, was visited by ...
-
Pakistan must focus on hydropower
ISLAMABAD: Irfan Mirza, an expert on energy sector, has said that Pakistan should greatly concentrate on hydroelectricity production in the coming days, a statement said on Saturday. There is no reason that can be attributed for the shortage of energy in Pakistan, he said. "To redress the energy problem, we tilted our focus to thermal and we opted for oil-based products," he said, ...
Taiwan Focus
-
Taiwan investing in biotech sector
Taiwan’s economy has seen massive growth in the last few decades, but one industry has been in decline and a development project by the Academia Sinica is expected to reverse that decline, once environmental issues have been cleared up.
Taiwan is one of the Four Asian Tigers; this little island off the coast of mainland China has experienced rapid development in just a few decades and has become a major hub of manufacturing, high-tech industry, shipping and tourism. Read more
News from around our Network
