30 Aug 2012 - 5:02pm
MANILA: Asia should cut rice trade barriers and stabilise prices, the Asian Development Bank said Thursday, as concerns grow of a supply crunch similar to one that led to the 2008 global food crisis.Asians, the world's top rice consumers and producers, bore the brunt as prices of the cereal spiked in 2007-2008 due in part to export limits by...
29 Aug 2012 - 5:36pm
JOHOR BARU: The Iskandar Malaysia Regional Development Authority is targeting investments of RM100 billion by year-end, said Chief Executive Datuk Ismail Ibrahim. As of June, Iskandar Malaysia recorded cumulative committed investments of RM95.45 billion or US$30.24 billion."We are continuously working on wooing new investments and expansion...
29 Aug 2012 - 12:41am
KUALA LUMPUR : A total of 103,000 Felda settlers, each with 800 units of shares from Felda Global Ventures Holdings (FGVH) Bhd’s listing, will not have to make bank loans or use their own money to purchase the shares, Prime Minister Datuk Seri Najib Tun Razak said.
Speaking at a press conference at Menara Felda Najib said, Felda had...
28 Aug 2012 - 7:43pm
HONG KONG: A Chinese businessman who sparked uproar in France when he bought a historic Burgundy vineyard pledged Tuesday to respect local traditions and restore the chateau to its former glory.Louis Ng has been targeted by the far-right National Front and disgruntled winegrowers since paying $10 million for Chateau de Gevrey-Chambertin earlier...
27 Aug 2012 - 12:36pm
Colombo, Aug 26, 2012 (AFP) - Sri Lanka's stock market, once a darling of investors, has seen its value plummet 26 percent in the past year and now faces a crisis of confidence after its regulator quit in a storm of controversy. The tiny bourse became the world's top gainer soon after the country ended decades of ethnic war, but three years...
27 Aug 2012 - 11:29am
What exactly is meant by fiduciary duty? Fiduciary duty, according to a law dictionary, simply means an individual in whom another has placed the utmost trust and confidence to manage and protect property or money. It stems from the Latin fiducia, meaning "trust," a person (or a business like a bank) who has the power and obligation to act for...
22 Aug 2012 - 11:18am
TOKYO: Sagging export markets in Europe and Asia left Japan with a much worse-than-expected trade deficit, figures showed Wednesday, ringing alarm bells over the parlous state of the global economy. The rumbling debt crisis in Europe and slowing demand in Asia -- until recently a bright spot on the economic horizon -- are taking their toll,...
21 Aug 2012 - 8:57am
NEW YORK: Apple on Monday dethroned longtime rival Microsoft as the most valuable company in history based on the value of its stock, which climbed to around $623.51 billion. Apple's stock began a steady rise late last week and hit a new high of $665.15 a share when the Nasdaq exchange closed amid rumours the tech giant is poised to release...
16 Aug 2012 - 12:17pm
SAO PAULO, Aug 15, 2012 (AFP) - With Europe and the United States in the economic doldrums, Asian manufacturers are setting their sights on Brazil's lucrative consumer market ahead of the 2014 World Cup and the 2016 Olympics.
This week, the manufacturers took their roadshow to Sao Paulo, Brazil's economic capital, for a three-day trade fair...
14 Aug 2012 - 2:25pm
JAKARTA, Aug 14 (Bernama) -- Indonesian paper manufacturers have been found not guilty of a dumping allegation by Thailand, restoring Thai buyers' confidence to buy Indonesian products again, China's Xinhua news agency reported, citing a local media report on Tuesday.
The decision will allow the paper makers to get back their grounds in the...
