Monthly Archives: January 2014

VietJetAir nears huge Airbus order

Vietnam’s first private airline, VietJetAir, said Wednesday it was close to finalising a US$6.1 billion Airbus order as part of an ambitious expansion that has shaken up the communist country’s once tightly controlled aviation industry. Like many sectors of the … Continue reading

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India’s Bharti Airtel profit doubles, first rise in 4 years

India’s top mobile phone firm Bharti Airtel reported Wednesday its quarterly profit increased by 115 per cent, the first rise in four years, boosted by surging data use and easing of cut-throat price wars. Bharti, the fourth-largest telecom firm globally, … Continue reading

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Rubio boosts foreign policy resume with Asia tour

As Gov. Chris Christie continues to fend off accusations of corruption in New Jersey, another Republican with possible designs on the White House, Marco Rubio, spent last week 7,000 miles away from the controversy, burnishing his foreign policy resume with … Continue reading

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Foxconn eyes factories in Indonesia as China’s lustre fades

Taiwan’s Foxconn Technology Group, the major supplier of Apple Inc’s iPhones and iPads, may build high-tech factories in the United States and low-cost plants in Indonesia as the appeal of ‘made in China’ fades into a burden. Beset by rising costs and labour … Continue reading

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World Bank pledges US$2b for Myanmar

The World Bank announced on Sunday a US$2 billion development programme for Myanmar, including projects to improve access to energy and healthcare in the impoverished former military-ruled nation. Bank president Jim Yong Kim, on his first visit to Myanmar, said … Continue reading

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South Korea economy grows 0.9% in Q4

South Korea’s economy grew at a slightly slower 0.9 per cent in the fourth quarter of last year, as falling construction investments offset a rise in exports, state data showed on Thursday. Gross domestic product rose a seasonally adjusted 0.9 … Continue reading

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Malaysia open doors to EEV manufacturers

The road to making Malaysia a regional automotive hub for energy efficient vehicles (EEV) will be kicked off by giving out manufacturing licences for EEVs without any restrictions, a one up on markets such as Thailand and Indonesia that has … Continue reading

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