Malaysian Economy Growth on the Up

10 April, 2013
By Rupa Damodaran | Source: The Business Times

The Malaysian economy is expected to grow by 5.3 per cent this year before rising to 5.5 per cent in 2014 on improved global economic environment, Asian Development Bank (ADB) said. Electronics and other

GSK partners A*Star to develop drugs

10 April, 2013
By Nisha Ramchandani | Source: The Business Times

PHARMACEUTICAL firm GlaxoSmithKline (GSK) and A*Star’s Institute of Chemical and Engineering Sciences (ICES) have inked a five-year agreement to develop medicines for emerging countries, which are expected to account for a sizeable proportion of

Government Sells US$3 billion Bonds at Record Low Rates

10 April, 2013
By Bloomberg | Source: The Jakarta Globe

Indonesia sold $3 billion of 10- and 30-year dollar bonds at record low borrowing costs, tapping the global market for the first time this year, according to a person familiar with the offering.  The

Central Bank to Consider Action to Rein in Baht

10 April, 2013
Source: Bangkok Post

The Bank of Thailand has expressed concerns over the baht’s ferocious surge prompted by the Bank of Japan (BoJ)’s unexpected aggressive liquidity pumping. But governor Prasarn Trairatvorakul said the central bank is adopting a

Government Lifts Moratorium on Mining Applications

10 April, 2013
Source: BusinessWorld Online

THE GOVERNMENT generated around P32 million in revenue after less than a month since it lifted the moratorium on the acceptance of mining applications. “The government, through the Mines and Geosciences Bureau (MGB), generated

Vietnam, France strengthen economic ties

10 April, 2013
By Trangnq | Source: VOV

Vietnam and France will work closely together to elevate their economic and trade ties to a new level. The agreement was reached by Vietnamese Minister of Planning and Investment Bui Quang Vinh and French

Toyota to set up production base in Laos

10 April, 2013
By Vientiane Times | Source: ANN

Toyota, a Japanese multinational automaker, will establish a production base in the Savan-Seno Special Economic Zone (Zone C) in Savannakhet province to manufacture vehicle interior components for export. The company will invest US$5.6 million

Aquino vows to deliver full benefits to war veterans

10 April, 2013
By TJ Burgonio, Tonette Orejas and Greg Refraccion | Source: ANN

Realising that the annual ritual of wreath-laying and rhetorical speechmaking would never be enough, Philippine President Benigno Aquino III on Tuesday pledged to fully deliver the benefits of the thousands of World War II

Asia on ‘unsustainable path’, ADB warns

10 April, 2013
By The Nation | Source: ANN

An environmental disaster and a gaping divide in energy access between rich and poor looms unless the region dramatically changes course. A report by the Asian Development Bank yesterday expressed its increasing concern about

Beijing wants talks on Korean peninsula

9 April, 2013
By China Daily | Source: ANN

Beijing opposes any moves that will sabotage stability on the Korean Peninsula and calls on all parties to sit down for peace talks, the Ministry of Foreign Affairs said on Monday. “Dialogue and consultation