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SINGAPORE: Restaurant chains look to Asia for growth

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Taking up herewith Asian Business Trend News by Media.
Business Trend in Asia will be read via these News.
Vientiane: Laos simplifies import procedure
Aug 14, 2009 by Vientiane Times

Business people will find it simpler to import goods to Laos if a new prime ministerial decree on import procedures is enforced.
The new legal document, which Prime Minister Bouasone Bouphavanh signed in July, also aims to move Lao import procedures closer to the rules and regulations of the World Trade Organisation.

SINGAPORESIA one of six Asian firms on Top 50 list
Aug 14, 2009 by The Straits Times

Singapore Airlines (SIA) has once again been ranked among the World's Most Admired Companies (WMACs) by Fortune magazine. The national icon is one of only six Asian companies to make it to this year's list of Top 50 WMACs. It has been the sole Singapore firm to win the accolade for several years running. ...

PYEONGTAEKSsangyong online after 11 weeks
Aug 14, 2009 by The Korea Herald

Ssangyong Motor Co's Pyeongtaek plant resumed operations for the first time since the 77-day sit-in strike began on May 22. "First, the company will complete the restructuring process and focus on drawing up revival plans that will be accepted by the court and the creditors by Sept. 15," co-court receivership manager Park Young-tae said before the official start of the working day. ...

TOKYOToyota plans 'ultra-fuel-efficient' hybrid
Aug 14, 2009 by The Yomiuri Shimbun

Toyota Motor Corp has decided to release as early as 2011 a small hybrid car with fuel-efficiency of 40 kilometre per liter (kpl) with a price tag of 1.5 million yen (US$15,700), according to Toyota officials.
The 'ultra-fuel-efficient' car will surpass in terms of fuel efficiency the latest model of Toyota's top hybrid car, the Prius, which can achieve 38 kpl....

SINGAPOREAirlines cutting fares as crisis bites
Aug 13, 2009 by The Straits Times

Shrinking wallets are forcing airlines to slash fares, with premium travellers enjoying the best discounts.
Business-class fares out of Singapore fell by 22 per cent in the April-June quarter, from the three months before. They were also down by 19 per cent from the same period last year, said American Express (Amex), which regularly tracks air fares across the Asia-Pacific.
Economy fares, however, remained little changed, with fares down just 2 per cent quarter-on-quarter. ...

PETALING JAYAAirAsia profit surges on high passenger volume
Aug 13, 2009 by The Star

Low-fare carrier AirAsia Bhd posted a net profit of 139.2 million ringgit (US$39.6 million) in the second quarter ended June 30 compared with 9.4 million ringgit ($2.6 million) in the previous corresponding period.
This was achieved on the back of higher passenger volume, better contribution from ancillary income as well as write-back on certain over provisions made previously. ...

BANGKOKForeign businessmen excited by Asean single-market plan
Aug 13, 2009 by The Nation (Thailand)

Asean becoming a single market will make Southeast Asia the world's most interesting region for foreign businessmen, says the new president of the US-Asean Business Council.
This will be thanks to clear, consistent and predictable trade and investment regulations.
"Not only have China and India shown high competency to be the centre of the world economy, but also Asean. ...

SEOULUS beef sales trail Australian
Aug 13, 2009 by The Korea Herald

Despite its dramatic re-entry to Korea last year, beef imported from the United States are failing to outsell meat from other countries like Australia, government data showed Wednesday. According to a report released by the Korea Customs Service, 21,436 tonnes of American beef reached the local market in the first half of this year, much less than the 45,811 tonnes that came from Australia. ... 

TAIPEIAgricultural losses over US$724m in Taiwan
Aug 13, 2009 by The China Post

Aggregate agricultural and fishery losses caused by Typhoon Morakot, which hit Taiwan head on last weekend, surged to NT$9.014 billion (US$274 million) as of 3pm Wednesday, for the second-worst on record for a single typhoon, next only to NT$18.07 billion in losses inflicted by Typhoon Herb in 1996, according to statistics compiled by the Cabinet level Council of Agriculture (COA). ...

SEOULAid withheld from Ssangyong
Aug 12, 2009 by The Korea Herald

The South Korean government and Ssangyong Motor Co's creditors are being cautious in aiding the carmaker dig itself out of trouble.
Government and industry sources said that the government will not provide direct aid to Ssangyong until potential investors are identified.
The government's cautious stance regarding Ssangyong was reflected in Minister of Knowledge Economy Lee Youn-ho's comment that much still remains to be done to ensure Ssangyong's survival, and that developments concerning restructuring plans and the court's decision must be closely monitored. ...

DHAKATroubled leather makers realign export focus
Aug 10, 2009 by The Daily Star

Bangladeshi manufacturers and exporters now increasingly opt for producing value added products, including footwear and leather bags and purses, amid a demand decline in finished leather on global market because of the ongoing recession.
Industry people said major exporters are concentrating on developing their own expertise to manufacture high quality footwear that caters to the needs of the globally renowned brands. These brands outsource from Bangladesh. The exporters say this new development will help overcome the global crisis fallout to some extent. ...

SEOULSsangyong bets fate on revival plan
Aug 10, 2009 by The Korea Herald

The sit-in strike at Ssangyong Motor Co. is over, but the company's troubles are far from finished.
One of the most urgent issues Ssangyong must address is drawing up revival plans by September 15.
For the revival plan to be approved, the carmaker must convince the court that the plans are feasible and that the continuation value of the firm is greater than the liquidation value. The plan must also show that reimbursements will be made in the order of secured creditors, unsecured creditors and shareholders. ...

OSAKASake tastes success abroad
Aug 10, 2009 by The Daily Yomiuri

A sharp increase in sake exports amid a Japanese cuisine boom overseas has lifted the spirits of a number of manufacturers looking abroad to make up for evaporating domestic sales.
As shochu distilled spirits and other alcoholic drinks cut into sake sales, major sake manufacturers in the Fushimi district in Kyoto and the Nada district in Hyogo Prefecture--both major sake manufacturing bases in western Japan--have tried to expand their market overseas. Some have even increased production at their overseas breweries. ...

SEOULSsangyong strives for revival
Aug 8, 2009 by The Korea Herald

Ssangyong Motor Co. faces a daunting task of rebuilding itself, after a 77-day labour strike came to an end on Thursday. Ssangyong's Pyeongtaek plant, in which laid-off unionized workers barricaded themselves in, demanding reinstatement, was busy with preparations to resume operations after the long shutdown Friday from very early in the morning. The company expects it could resume production within two to three weeks. ...

SINGAPORERestaurant chains look to Asia for growth
Aug 8, 2009 by The Daily Yomiuri

Japanese restaurant chains are making inroads into Singapore, using the city-state as a base for expansion into other markets in Southeast Asia and Oceania.
The move apparently has been prompted by an expected sales drop in Japan due to the falling birthrate and aging society. A lot depends on the extent to which Japan's "taste"--exemplified by izakaya pubs, ramen shops and Japanese-Italian restaurants--can attract middle-class customers in other Asian countries. ...

KUALA LUMPUR'Malaysia's investment environment must improve'
Aug 7, 2009 by The Star

Despite talk of a relatively robust recovery among emerging markets, not all is sunny on the local economic front.
International investors are questioning Malaysia’s regional economic competitiveness as they begin to evaluate potential post-crisis investment opportunities in the Asian region.
Deutsche Bank Group global chief economist Dr Norbert Walter said Malaysia should make a concerted effort to improve its investment environment if it wanted to remain a competitive economic force among other emerging markets in the long run. ...

BEIJINGBOC mulls stake buy in rail firm
Aug 7, 2009 by China Daily

Bank of China is planning to invest nearly 10 billion yuan for about 8 percent stake in Beijing-Shanghai High-Speed Railway Corp, the owner and operator of the under-construction 1,318-km express rail link between the two most affluent cities in China, people familiar with the matter said.
Bank of China Group Investment Ltd (BOC Investment), a wholly owned investment subsidiary, will purchase the stake from China Railway Investment Corp, an investment arm of the Ministry of Railways and the majority shareholder of the express rail corporation, one person with knowledge of the deal said....

KOLKATAInfosys plans acquisitions
Aug 6, 2009 by The Star

India's second-largest software exporter Infosys Technologies is planning to acquire IT companies serving energy and health care sectors in geographies as diverse as Latin America, Europe and Australia.
The company has set aside US$450-500 million for the purpose.
The acquisition will help Infosys to diversify its client base, especially at a time when growth has been flat from traditional revenue streams like banking, financial services and insurance sector, besides retail and manufacturing.

TOKYOJAL to introduce plastic wine bottle
Aug 6, 2009 by The Yomiuri Shinbun

Amid the trend of rising fuel prices, airline companies have begun "weight-loss campaigns" to cut down on their fuel consumption, even if only slightly.
Japan Airlines will introduce on Thursday (August 6) a plastic wine bottle weighing 22 grams to replace the current glass bottles, which weigh 145 grams, on some international flights. A flight that usually carries about 300 bottles of wine is expected to be about 37 kilograms lighter. ...

BEIJINGChina may run with Brazil ore
Aug 5, 2009 by China Daily

Chinese steel mills would prefer to import more iron ore from Brazil rather than Australia after the detention of four Shanghai-based employees of multinational miner Rio Tinto on charges of commercial espionage, according to data specialist ASXMarine.
Spot iron ore vessel bookings from Brazil to China surged to a record 39 in July, from 24 in the previous month, Reuters quoted the data from ASXMarine. ...

SINGAPORES'pore key to Citi's growth in Asia
Aug 5, 2009 by The Straits Times

Singapore is going to play a pivotal role in the Asian growth of battered United States-based bank Citigroup as it emerges from the shadow of the global downturn.
The banking behemoth, which is one- third owned by the US government following its receipt of US$45 billion in bailout funds, sees its highly profitable Asian operations being at the heart of its latest growth plans. ...
By J.S. on Aug 18, 2009




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