Archive for May 19th, 2012

Vietnam arrests 4 shipping executives in scandal

Vietnam arrests 4 shipping executives in scandal

19-May-2012 Intellasia | AP | 9:39 AM

State media say Vietnamese police have arrested four senior executives at a major state-owned shipping company for alleged mismanagement in another high-profile scandal. [...]
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M+W Group Acquires Engineering Company Specialised in the Power Plant Sector

19-May-2012 Intellasia | ACN Newswire (press release) | 9:37 AM

The international engineering and construction company M+W Group, Stuttgart (Germany), has signed a contract to acquire Reliable Plant Solutions (RPS) GmbH based in [...]
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Hong Kong economic indicators – May 2012

19-May-2012 Intellasia | Reuters | 9:32 AM

Hong Kong economic indicators:                       GDP 2011 2010 2009 2008 2007 2006 2005 Pct* 5.0 7.0 -2.6 2.3 [...]
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Markets tumble

19-May-2012 Intellasia | Business Times | Reuters | AFP | Bloomberg | AP | 8:59 AM

Asian markets slumped and the euro fell further yesterday as the eurozone debt crisis was stoked by a ratings downgrade for Greece and 16 Spanish banks, while weak US data [...]
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China pursuing steady military buildup: Pentagon

China pursuing steady military buildup: Pentagon

19-May-2012 Intellasia | AFP | 8:51 AM

China is exploiting Western commercial technology, conducting aggressive cyber espionage and buying more anti-ship missiles as part of a steady military buildup, the Pentagon [...]
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US votes to sell Taiwan 66 new fighter jets

US votes to sell Taiwan 66 new fighter jets

19-May-2012 Intellasia | AFP | 8:50 AM

The House of Representatives voted Friday to require the United States to sell 66 new fighter-jets to Taiwan, with lawmakers saying the deal would close a growing military [...]
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Philippines stops protest trip to disputed shoal

Philippines stops protest trip to disputed shoal

19-May-2012 Intellasia | AFP | 8:46 AM

Philippine President Benigno Aquino convinced protesters to abort plans to sail Friday to a disputed South China Sea shoal as he sought ways to resolve a tense stand-off with [...]
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Paraguay president heads to Asia on trade mission

Paraguay president heads to Asia on trade mission

19-May-2012 Intellasia | | 8:42 AM

Paraguayan President Fernando Lugo has traveled to Taiwan, his first stop on a five-country tour of Asia aimed at increasing trade between the region and his land-locked [...]
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Thai court disqualifies ‘Red Shirt’ lawmaker

Thai court disqualifies ‘Red Shirt’ lawmaker

19-May-2012 Intellasia | AFP | 8:38 AM

A Thai court stripped a top “Red Shirt” leader of his parliamentary seat Friday, in a move likely to anger supporters of the movement whose protests in Bangkok in [...]
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Thai police arrest Brit with foetuses for black magic

Thai police arrest Brit with foetuses for black magic

19-May-2012 Intellasia | AFP | 8:32 AM

Six human foetuses which had been roasted and covered in gold leaf as part of a black magic ritual have been seized from a British citizen in Bangkok, Thai police said [...]
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Lady Gaga warned to tone down Philippine show

Lady Gaga warned to tone down Philippine show

19-May-2012 Intellasia | AFP | 8:31 AM

Lady Gaga was warned Friday to refrain from nudity, lewd conduct and blasphemy when her Asian tour reaches the Philippines next week, after her controversial act was banned [...]
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ING’s Asia life insurance sale shifts into top gear

19-May-2012 Intellasia | Reuters | 7:01 AM

Global insurers Manulife Financial Corp (MFC.TO), Metlife (MET.N) and Prudential Financial Corp (PRU.N) are among suitors expected to place first-round bids on Friday to buy [...]
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CBA and ANZ take their fight to Asia

19-May-2012 Intellasia | The Australian | 7:01 AM

When Ian Narev presents Commonwealth Bank’s third-quarter trading update this morning, he might be tempted to needle Mike Smith at ANZ Bank about CBA’s plans for [...]
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Asia increasingly more self-reliant on funding needs, ANZ reports

19-May-2012 Intellasia | Theas Set | 7:01 AM

Asia is seeing a substantial rise in regional financial integration over the past decade, paving the way for a more active intra-regional investment within Asia, an ANZ [...]
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Burma’s corruption legacy haunts investors

19-May-2012 Intellasia | Businessweek | 7:01 AM

For Zaw Naing, 40, who sells satellite imagery to Myanmar’s government, teeing off on the golf course with any of the former generals running the country is essential [...]
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