BROWSE COUNTRIES/ TERRITORIES
Money and Financial Markets
Made-in-China Jumbo by 2020
China has announced it is on track to produce its own large aircraft by 2020 to ensure a good chunk of its huge spending in aviation stays in the country. China is currently carrying out a five-year plan to buy 500 jets and build 48 airports. By 2025, it will spend hundreds of billions more to buy some 2,230 planes.
Booming sales in China
Auto sales in China soared by more than 70 per cent in January, putting it on track to overtake Japan as the world’s second biggest automobile market this year. Last year 5.9 million vehicles were sold in China. Growth this year is projected at 15 per cent.
The United Arab Emirates property company Rakeen has teamed up with India’s Trimex group to build US$5 billion worth of townships all over India.
Baidu ventures into news service
China’s premier local search engine Baidu has secured a coveted Internet news licence on the Internet and has formed a small core team to study ways to provide news using the Web 2.0 methods to its numerous users. The listed Baidu aims to establish itself as a major player in the fast growing net advertising market.
Call it the Law of Unintended Consequences. In the past 12 months the Khoo family dealt twice with the Singapore government. And twice it caused major headaches for the parties involved.
A look at what happened in North Asian businesses, three years to this day.
The Japanese company, already under investigation for the alleged sale of helicopters to Poly Technologies, a firm linked to the People’s Liberation Arm of China, for military uses, is now suspected of selling an aircraft to another firm affiliated to the Chinese military.
Walk, not drive, Mazda staff are told
Employees of the Japanese carmaker are given $12 a month to encourage them to walk to the office to improve their health and protect the environment.
This September, the Burj will be completed in the United Arab Emirates, making it the world's tallest building. Yet it seems everytime a record-breaking skyscraper goes up, the financial market in the country goes down. theasiamag.com measures the Curse of the Skyscraper Index.
Tokyo Marine Holdings, Japan’s largest non-life insurer by sales, is buying Philadelphia Consolidated Holdings, an American non-life insurer, for US$4.7 billion.
Australia will make a decision "in a few months" on whether Sinosteel Corp can take a stake in Murchison Metals, after Sinosteel made a A$1.36 billion (US$1.3 billion) bid for Murchison’s rival, Midwest Corp.
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AT A GLANCE A quick insight to the top stories
A tale of two terminals
Instant noodles rule the world!
Nano car. Big questions. (Part 1 of 2)
"The West Wing": Season Eight, unscripted
The elixir of youth
Death by mining - A Third World affair
A tale of two bronzes
Chasing the sun
SPAM, I am
India's silent gender cleansing
Bhutan: Weaving a future
Fight of the moon goddesses
The wretched act of animal release
A flare-up over going solar
Villages jump on the Internet Bus
Bridging the digital divide
Does communication save lives?
Singaporeans rise to the occasion in AWARE saga
Flight of the Kiwi
Crossing the Muslim-Buddhist divide for love
Singing to read
Fascinating Asia by Rail
10 Eco-Myths Busted