Archive for February, 2010

China, Zambia sign mining, economic zone pacts

China, Zambia sign mining, economic zone pacts

27-Feb-2010 Intellasia | AFP | 7:01 AM

China and Zambia signed a mining agreement and a deal to set up a joint economic zone Thursday, as the presidents of the two nations agreed to expand economic and trade ties. [...]
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Citibank to expand its consumer banking operations in Singapore

27-Feb-2010 Intellasia | CNA | 7:01 AM

Citibank is gearing up to expand its operations in Singapore, thanks to an improving economic outlook. The lender said it expects to see double-digit growth for most of its [...]
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Indonesia, UN launch ocean climate initiative – summary

27-Feb-2010 Intellasia | DPA | 7:01 AM

Indonesia and the United Nations Environment Programme (UNEP) on Thursday launched a global project to assess the potential of marine ecosystems to reduce the effects of [...]
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Philippine business confidence at 2 yr high- poll

27-Feb-2010 Intellasia | Reuters | 7:01 AM

Philippine businesses expect the economy to pick up in the current and coming quarters, driven by higher spending related to national elections in May and steady remittances [...]
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China warns US over future Taiwan arms sales

27-Feb-2010 Intellasia | AP | 7:01 AM

China warned the US on Thursday against any future arms sales to Taiwan and reaffirmed its decision to suspend military exchanges over Washington’s plan to sell $6.4 [...]
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Indonesia to tighten anti-trust checks on bank M&As

27-Feb-2010 Intellasia | Reuters | 7:01 AM

Indonesia is set to introduce a regulation forcing parties involved in mergers and acquisitions of banks with a minimum combined asset value of 20 trillion rupiah to report [...]
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RBS sells Philippine unit to local buyer

27-Feb-2010 Intellasia | Reuters | 7:01 AM

Royal Bank of Scotland Group Plc has agreed to sell its Philippine banking unit to conglomerate JG Summit Holdings Inc for an undisclosed sum, the Philippine buyer said on [...]
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Philippine debt sold by Fortis as election fuels drop

27-Feb-2010 Intellasia | Bloomberg | 7:01 AM

Global investors are bracing for further declines in Philippine bonds, Asia’s worst performers this year, on concern the nation’s first change in president in [...]
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HK exports jump 18pct in biggest gain since 2006

27-Feb-2010 Intellasia | Bloomberg | 7:01 AM

Hong Kong’s exports jumped 18.4 percent last month from a year earlier, the biggest gain since 2006, after falling the most in half a century in January 2009. Overseas [...]
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Korea endorses sending troops back to Afghanistan

27-Feb-2010 Intellasia | AP | 7:01 AM

South Korea’s legislature has approved sending troops back to Afghanistan after withdrawing them in 2007. The National Assembly approved Thursday a government proposal [...]
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Malaysia Pacific hoping to reap profits this year

27-Feb-2010 Intellasia | Business Times | 7:01 AM

Property developer Malaysia Pacific Corp Bhd (MPCB) is hoping to return to profitability this financial year amid plans to launch a multi billion-ringgit project in Iskandar [...]
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Japan says industrial output up 2.5pct

27-Feb-2010 Intellasia | AP | 7:01 AM

Japan’s industrial output in January rose 2.5 percent from December for the 11th straight monthly gain, the government said Friday. Consumer prices, however, continued [...]
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Japan deflation persists as consumer prices fall 1.3pct

27-Feb-2010 Intellasia | Bloomberg | 7:01 AM

Japan’s consumer prices fell for an 11th month in January, putting renewed pressure on policy makers to eradicate deflation that hampers the recovery. Prices excluding [...]
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Indonesia Astra International 2009 net profit up 9.2pct

27-Feb-2010 Intellasia | Reuters | 7:01 AM

PT Astra International Tbk, Indonesia’s largest automotive distributor, on Thursday reported a better-than-expected 9.2 percent rise in 2009 net profit. Astra, [...]
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China faces balancing act in Iran nuclear issue

China faces balancing act in Iran nuclear issue

27-Feb-2010 Intellasia | AP | 7:01 AM

Renewed calls for sanctions against Iran for its nuclear ambitions have forced China to engage in a tough balancing act between appeasing its close trading partner and [...]
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