Asianewsnet.net - Business

Malaysia's Felda expected to be next world player

Wed, 16 May 2012 05:43:02 GMT

Malaysian company Felda has made its first steps in establishing a global presence in conjunction with its initial public offering (IPO), seen as South-East Asia's third largest so far. FGVH is prepa .....

Bangladesh extends time for black money invetsment in stocks

Wed, 16 May 2012 04:26:40 GMT

Investments of black money in Bangladesh's stock market will continue through the next fiscal year which ends in June 2013, finance minister of the country said yesterday. âI always oppose black mo .....

Thai auto firms zoom down the eco road

Wed, 16 May 2012 04:05:14 GMT

The entry of the Mitsubishi Mirage and Suzuki Swift has created a hot new trend in the Thai auto market. Add that to the popularity of the previously launched Nissan March and total sales in the eco- .....

Bangladesh railway sector limps for want of manpower

Wed, 16 May 2012 03:43:34 GMT

With a staggering shortage of nearly 17,000 staff, Bangladesh Railway is in a shambles, often hiring retired railway employees on a temporary basis to fill up the gap. Such an acute manpower crisis p .....

Malaysia warns of zoo licence revocation for mistreatmeant of animals

Wed, 16 May 2012 03:32:52 GMT

Zoos and wildlife sanctuaries of Malaysia which mistreat animals will not be allowed to operate under new guidelines which will come into effect from August. Dislocing the informaiton yesterday, the .....

Fashion sellers trail today's savvy buyers

Wed, 16 May 2012 03:32:52 GMT

Today's average consumer is not only tech-savvy but well-informed, opinionated and not loyal to any particular brand - and the fashion retailer is only now scrambling to keep her interested. "The con .....

Chinese search engine debuts new smartphone

Wed, 16 May 2012 03:11:44 GMT

The Chinese search engine Baidu Inc on Tuesday introduced an entry-level smartphone model running on Baidu Cloud, the latest mobile phone operating system developed by the company. The Changhong H501 .....

Indonesia mulls preferential import treatment for favoured nations

Wed, 16 May 2012 02:50:21 GMT

The Indonesian government is considering exempting imports of horticulture produce from Australia, Canada and the US from the obligation to enter the Indonesian market through specific ports as demand .....

Bangladesh asks Malaysia to recruit only thru' govt

Wed, 16 May 2012 02:50:21 GMT

Dhaka has proposed to Kuala Lumpur to recruit Bangladeshi workers under government arrangements to cut involvement of middlemen to reduce the cost of their going abroad for jobs and to put an end to t .....

LGâs new quad-core smartphone to debut in Europe next month

Wed, 16 May 2012 02:50:20 GMT

LG Electronics announced Tuesday it will roll out its new quad-core smartphone named Optimus 4X HD in Europe next month to compete with its rival Samsung Electronicsâ Galaxy S3. Beginning its launc .....

Opportunities await Malaysia in sensor technology sector

Wed, 16 May 2012 02:50:19 GMT

Malaysia should tap on its experience in the electronics industry to move into the growing sector of sensor technology. Clean technology adviser for the government of China and Taiwan Dr William Kao .....

Eurozone crisis spurs export-credit insurance sales in Thailand

Wed, 16 May 2012 02:50:18 GMT

Companies have rushed to buy export-credit insurance from the Export-Import Bank of Thailand (Exim Bank) as they try to protect themselves against the persisting crisis in the eurozone, figures show. .....

Norwegian govt boosts Bhutan's energy sector

Wed, 16 May 2012 02:39:42 GMT

The Norwegian government committed 288 million ngultrum (US$5.3 million) to strengthen the energy sector, in an agreement that was signed yesterday between the ambassador of Norway to Bhutan, Ann Ol .....

S. Korea may have to stop Iran oil imports

Wed, 16 May 2012 02:29:08 GMT

The Seoul government is bracing for a possible halt in imports of Iranian crude oil following tightened sanctions by the European Union. The EU enacted rules in March to stop insurance coverage on al .....

KL and Beijing close to resolving birdâs nest export issue

Wed, 16 May 2012 02:29:07 GMT

There are no more major outstanding issues for the resumption of Malaysian bird's nest exports to China, except for some technical matters that should be resolved in the coming days. Malaysia's Veter .....

Thailand enforces 4-month freeze on retail price increase

Wed, 16 May 2012 02:08:00 GMT

The Commerce Ministry of Thailand yesterday successfully pushed for 200 manufacturers to maintain retail prices on goods for another four months - but without any supporting measures when this period .....

Sony, Panasonic in talks to create next-generation TV sets

Wed, 16 May 2012 01:25:59 GMT

Sony Corp. and Panasonic Corp. are in talks to form an alliance for developing organic electroluminescence televisions, it has been learned. The two electronics giants are considering whether to acce .....

Bangladesh to set up special textile village

Tue, 15 May 2012 04:45:51 GMT

The Bangladesh government has decided to set up a "textile village" on 33 acres land of a state owned cotton mill, which has been closed for 15 years. A cabinet committee on economic affairs yesterda .....

Bangladesh sees fall in exports for EU debt crisis

Tue, 15 May 2012 04:24:26 GMT

Exports from Bangladesh fell by 4.60 per cent to US$1.90 billion in April compared to a month ago due to the ongoing debt crisis in the EU and readjustment of prices of finished goods by international .....

Chinese farmers cater to taste for foreign foods

Tue, 15 May 2012 04:24:26 GMT

Patricia Kontur was surprised when the blueberry export business to China was hit by a sudden slump last year, after five years of consecutive gains. The slump was not caused by shrinking demand but .....

Axiata faces headwinds from weaker regional currencies

Tue, 15 May 2012 04:02:29 GMT

In line with concerns over telecom giant Axiata Group's exposure to regulatory risks in certain markets in south Asia, a Bangladeshi daily has reported that Axiata's unit Robi Axiata Ltd was liable to .....

Asia-Pacific to stabilise world economy: UN

Tue, 15 May 2012 03:51:12 GMT

In a recently released report, the UN points out that Asia and the Pacific face a year of slow growth as demand for exports declines and capital costs rise. At the same time, the UN asserts that it wi .....

Woes mount for Air India

Tue, 15 May 2012 03:40:46 GMT

Angry passengers tried to block roads outside the Mumbai international airport yesterday morning to vent their frustration as Air India cancelled another 16 flights amid a pilots' strike. Security fo .....

India's inflation rises to 7.23% in April