Asianewsnet.net - Business

Malaysia to farm out over 90 projects worth billions

Sat, 04 Feb 2012 05:12:49 GMT

After some dithering, the construction of Malaysia's My Rapid Transit (MRT) project is moving into higher gear. What's to come is more telling. By April, MRT Co, the overseer and project owner of th .....

Malaysia eyes coal-based power plant in Bangladesh

Sat, 04 Feb 2012 05:02:22 GMT

Malaysian state-run utility giant is keen to develop a 1,400-megawatt coal-fired power plant in Cox's Bazar (southeast Bangladesh) at a cost of US$2.5 billion on a joint-venture basis, official news .....

Thailand growth forecast raised

Sat, 04 Feb 2012 04:51:49 GMT

The Thai economy is set to see higher growth this year, driven mainly by domestic demand after last year's floods, but downside risks remain in the growth of trading countries, the Bank of Thailand .....

Hydropower project size will be decided

Fri, 03 Feb 2012 05:17:22 GMT

What will become of the Sunkosh hydropower project, imagined to be the biggest so far, will be determined by what transpires at the empowered joint group meeting at New Delhi scheduled on February 2 a .....

EuroCham says business climate improving in Vietnam

Fri, 03 Feb 2012 05:06:38 GMT

Results of the sixth quarterly EuroCham Business Climate Index survey, conducted in January this year, showed that business confidence and outlook among European businesses in Vietnam stabilised and e .....

Yahoo! introduces new toy for socially tuned news-holics

Fri, 03 Feb 2012 04:55:45 GMT

An online society of news-hungry voyeurs has worked in favor of many Internet companies providing either one of two services: news feeds or social networking. A look at Alexa, a web site that comput .....

Indonesia opposes EPA determination on palm oil

Fri, 03 Feb 2012 04:55:45 GMT

Indonesia, the worldâs largest palm oil producer, will propose its own greenhouse gas analysis of palm oil following a recent notification from the United Statesâ Environmental Protection Agency ( .....

New rules to restrict foreigners' ownership of homes in China

Fri, 03 Feb 2012 04:13:11 GMT

People from overseas hoping to buy a home in China will no longer be granted medium- or long-term mortgages, the National Development and Reform Commission (NDRC) said on Thursday. The new policy is .....

Indonesia, Pakistan to ink trade pact

Fri, 03 Feb 2012 04:02:33 GMT

The Indonesian and Pakistani governments are scheduled to sign the long-discussed preferential trade agreement (PTA) on Friday, the Pakistani Embassy said in a press statement on Thursday. âTrade M .....

Indonesia's oil production falls further

Fri, 03 Feb 2012 03:41:30 GMT

Upstream oil and gas regulator BPMigas reported that Indonesiaâs oil production was only 886,508 barrels of oil per day (bpd) as of Jan. 31, leading to fears that the country will be unable to reach .....

Thailand to strengthen cyber security

Fri, 03 Feb 2012 03:31:01 GMT

Thailand's Information and Communications Technology (ICT) Ministry will draw up a national cyber security policy framework to fight online crime and fraud, expecting to submit it to the Cabinet by th .....

New iPhone sales begin on Chinese mainland with website

Fri, 03 Feb 2012 03:20:36 GMT

With organized scalpers working overtime to keep the red-hot iPhone 4S in stock, Apple has adopted new retail policies to regulate orders and delivery of the product in Hong Kong and on the mainland m .....

Bangladesh court refutes WB graft charges

Fri, 03 Feb 2012 02:48:53 GMT

The Anti-Corruption Commission (ACC) has found no evidence of the World Bank's allegation of corruption in appointing the contractor of the proposed Padma Bridge project in southwest Bangladesh. "Th .....

Thailand cautioned against US-backed trade agreement

Fri, 03 Feb 2012 02:27:50 GMT

Thailand should not rush to join the US-backed Trans-Pacific Partnership (TPP), as it would bring many challenges along with its benefits, and its playing field would not be level, private enterprises .....

Brunei-Russia energy ties progressing

Fri, 03 Feb 2012 02:27:49 GMT

Bilateral ties between Brunei and Russia, which started "from scratch", are now escalating and is now at an advanced level of formulating aims and terms for a versatile collaboration, said the Russian .....

Slowdown but no hard landing for China in 2012

Fri, 03 Feb 2012 02:17:19 GMT

Although forecasts for China's growth rate vary, analysts and economists agree that the world's second-largest economy will achieve a soft landing in 2012, with the prospect of further easing measures .....

Slow sales force change at Sony

Fri, 03 Feb 2012 01:45:38 GMT

Sony Corp CEO Howard Stringer will step down on April 1 to accept responsibility for the prolonged slump in the company's performance. Stringer is leaving the position, which he has held for about se .....

N. Korea could grow up to 12% under open economy, says report

Fri, 03 Feb 2012 01:45:38 GMT

The North Korean economy could grow 10 to 12 per cent a year if the communist regime opens up to outside world, a report said Thursday. While Pyongyang is under the helm of new young leader Kim Jong- .....

Oman eyes new ventures with Brunei

Thu, 02 Feb 2012 05:05:51 GMT

The visiting Omani Minister of Oil and Gas yesterday said his country is "very keen" to participate in downstream activities in Brunei, after paying a boat-ride visit around Pulau Muara Besar's perime .....

UK, VN look to foster trade ties

Thu, 02 Feb 2012 04:55:18 GMT

Vietnam and the UK on Wednesday concluded the fifth meeting of the Joint Economic and Trade Committee (JETCO) that further created a better business climate between the two countries. At the meeting .....

Mekong Delta has yet to make most of vast economic potential

Thu, 02 Feb 2012 04:42:53 GMT

Experts have urged the Vietnamese government to take further steps to help the Cuu Long (Mekong) Delta region to achieve its great potential. Nguyen Van Sanh, head of the Mekong Delta Development Re .....

HK tycoon warns of Asian credit crunch

Thu, 02 Feb 2012 04:31:47 GMT

One of Hong Kong's wealthiest businessmen has warned that Europe's push to recapitalise its banks to contain further shocks to the system could lead to a funding crunch in Asia. Billionaire entrepren .....

Bangladesh forms panel on sovereign bonds

Thu, 02 Feb 2012 04:10:37 GMT

The Bangladesh government has set up a seven-member committee to find ways to float sovereign bonds in the international market to ease pressures on the balance of payments, the country's accounting r .....

Google's mapping service hits a bump in the road

Thu, 02 Feb 2012 03:49:11 GMT

The search engine Google Inc is unable to provide "new" online mapping services in China. That's because the company has yet to receive a license to conduct the business from China's industry regulato .....

Indonesia's exports buoyed by emerging markets

Thu, 02 Feb 2012 03:38:43 GMT

Despite the global economic slowdown, Indonesiaâs exports hit an all-time high last year with a total value of US$203.2 billion, buoyed by surging demand from emerging economies, particularly China .....