(CANBERRA, Australia) Prime Minister Julia Gillard edged closer to retaining power in Australia yesterday when an independent lawmaker said he would support her centre-left Labor Party to form a government.
(BANGKOK) Most of the 76 industrial projects halted last year because of pollution and licensing concerns can be restarted, a Thai court ruled, a decision that may resolve uncertainties about the country's investment regulations.
(LONDON) Saab AB is stepping up a campaign to sell its Gripen warplane in Asia and eastern Europe as Switzerland's decision to delay a US$1 billion fighter purchase threatens to curtail production of the 1,320 mile-per-hour jet.
(BERLIN) Germany's government, battling to find new ways of closing its budget gap, amended plans for raising 1 billion euros (S$1.73 billion) a year from a new tax on air passengers, by increasing the levy on long-haul flights.
(KUALA LUMPUR) Malaysia Airlines System Bhd's wholly-owned unit, MAS Aerospace Engineering Sdn Bhd (MAE), has signed a one-year agreement with Air Mauritius for the maintenance of eight aircraft - six Airbus 340-200s and two Airbus 330-200s.
(JAKARTA) Garuda Indonesia, the country's flag carrier, has started a direct service linking Jakarta and Tokyo, as part of business expansion, a paper said here yesterday.
(BEIJING) Ping An Insurance (Group), China's second-largest insurer, will pay 29.1 billion yuan (S$5.75 billion) for a stake that will give it control of Shenzhen Development Bank and bolster its banking operations.
(BEIJING) China has failed to honour promises to the World Trade Organization to open its oil and phone markets, a European business group said yesterday, adding to complaints of worsening conditions for foreign companies.
(BEIJING) China is inviting domestic banks and private and foreign investors to take over the country's most problematic rural credit cooperatives.
(BEIJING) China's economic slowdown will be modest, ruling out the need for fresh stimulus or a major policy initiative, a senior government researcher said yesterday.
(TAIPEI) One of the potential buyers of AIG's Taiwan Nan Shan Life unit still hoped for a favourable solution to the US$2.2 billion sale even after their bid was rejected by Taiwan regulators, an executive said yesterday.
SECURITIES trading volume and value firmed in August but were lower than a year ago.
BNP Paribas, which recently upgraded its call on China to 'overweight' from 'neutral', recommends buying into the large caps listed on the A-share and H-share markets.
AS the battle over PPL Shipyard wends its way through the courts, the Yangzijiang Shipbuilding consortium's US$155 million bid for PPL Holdings (PPLH) - which has a 15 per cent stake in the shipyard - has been lowered to US$116.25 million.
SUPER Group, formerly known as Super Coffeemix Manufacturing, said the issue price of its 40 million Taiwan Depository Receipts (TDRs) has been fixed at NT$14 (S$0.59) apiece.
SINGAPORE'S water firms are well placed to take advantage of increasing investment by governments in water infrastructure worldwide, according to a Credit Suisse report.
SILKAIR will have a new chief executive from Oct 11. Singapore Airlines (SIA) divisional vice-president for customer service Marvin Tan takes over from current CEO Chin Yau Seng who will return to parent SIA as divisional vice-president for cabin crew operations.
THE arrival of Singapore's new fibre-optic network gives StarHub a chance to re-enter the exiled market for providing corporate connectivity - and the operator is wasting no time in seizing this market opportunity.
THIS year's local showing on the Forbes list of the best 200 Asia-Pacific companies with turnover of less than US$1 billion reflected a tumultuous 12 months - none of 2009's Singapore entrants retained their place.
AS part of its expansion in China, Sembcorp Utilities entered into two framework agreements in the Shenyang area, its parent company Sembcorp Industries announced yesterday.
SINGAPORE Mercantile Exchange (SMX), hailed as the first pan-Asian commodity and currency derivatives exchange, said yesterday that it has successfully completed its first trading, clearing and settlement cycle.
(SINGAPORE) Footwear and apparel maker Eratat Lifestyle, which is expanding its retail footprint in China, may enter the big league and open its first store in the country's fashion capital, Shanghai.
NZ FARMING Systems Uruguay has recommended that its shareholders accept Olam International's takeover offer.
SOMETIMES the headlines don't tell the whole story. A case in point is the recent results of Genting Hong Kong.
VETERAN Japanese politician Ichiro Ozawa, who has a strong chance of replacing Nato Kan as Japan's prime minister this month, yesterday revealed his strategy for bringing the yen back to earth