Business » Asia

Monday, 6 February 2012
Indonesian workers call for bigger slice of boom economy

FOR years big-name manufacturers including Honda, Samsung and Nike have quietly harvested profits from factories in Indonesia, where wages are even lower than in China or India.Now, Indonesian workers are hitting back with a wave of industrial...
Economic downturn slows Vietnam auto sales

VIETNAM imported 3,000 complete built unit (CBU) automobiles worth US$45 million last month, a 49.8 per cent drop in volume and a 55.1 per cent fall in value from January 2011, according to the General Statistics Office (GSO).The number of imported...
Consider cultural norms

IF YOU'RE thrust into an unfamiliar culture, as a manager, you have to modify your behavior to fit cultural norms. This can be tough, especially if it makes you feel inauthentic.If you face this discomfort, try these three things:1. Identify the...
China snubs debt in European spending spree

CHINESE companies and funds have ramped up investment in crisis-hit Europe, buying utilities, energy firms and even luxury yacht makers, but are steering clear of eurozone debt.Analysts say bargain-hunting and not the secret hand of Beijing is...
Malaysia plant threatens China grip on rare earths

CHINA'S chokehold on the rare earths vital for everything from iPods to missiles is widely expected to end soon, thanks in large part to a contentious new plant in Malaysia.Australian miner Lynas won a license Wednesday to begin processing rare...
'Asian economy comparable to US and Europe combined'

ASIA is expected to do better than the rest of the world economically, said Singapore's Defence Minister Dr Ng Eng Hen. !He said according to the International Monetary Fund, Asia will be comparable in size to the economies of the United States...
Heavy UK snow disrupts M'sia flights

DUE to the heavy overnight snowfall in the United Kingdom, London's Heathrow airport has worked out a revised flight schedule for yesterday with all airlines, to minimise disruption caused to passengers by the poor weather.MAS said in a statement...
IN BRIEF

KL city of choice for Arabs to set up officesKUALA LUMPUR: Kuala Lumpur has been rated the highest among Southeast Asian cities for Arab companies to set up regional and representative offices according to a survey by Strategia International. In a...
Canada PM to visit China to boost trade

CANADA'S prime minister heads to China tomorrow in a bid to pry open more of the Chinese market for Canadian resources after Washington snubbed Canadian oil, in a visit that will also bring pandas to Canada.But while Beijing eagerly awaits Prime...
China has stake in helping Europe

CHINA has a stake in helping eurozone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published yesterday, pointing to Europe's importance as a market and hinting at more possible support for beleaguered...
Sanctions-hit Iran turns increasingly to Asia

GRAPPLING with US and EU sanctions that have become progressively tougher over the past 18 months, Iran is increasingly turning to Asia in particular to China, now its top trading partner."Our exchanges with Europe, which used to account for...
Olympus to hold meeting

JAPAN'S scandal-hit Olympus said yesterday it would hold an extraordinary general meeting (EGM) of shareholders on April 20, at which the company is expected to select a new management board.Olympus president Shuichi Takayama (picture) and five...

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