ASIA!

Money and Financial Markets

April 2007, a flashback

LEE HAN SHIH

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.


April 2006, a flashback

LEE HAN SHIH

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.


February 2008

LEE HAN SHIH

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.


March 2007, a flashback

LEE HAN SHIH

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.


Jinxed deals

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.


March 2006, a flashback

LEE HAN SHIH

A look at what happened in North Asian businesses, three years to this day.

More woes for Yamaha Motor
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.

January 2006

LEE HAN SHIH

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.


Risky high risers

LEE HAN SHIH

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.


November 2008

LEE HAN SHIH

US ho!

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.


August 2008

LEE HAN SHIH

Please wait

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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