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Challenging the odds
The odds might seem stacked against him, but Mr Devan Nair, chairman and group chief executive officer of Singapore's first ever automobile manufacturer ALIFE Air Automobile, stands firmly by the...
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Developers using innovative ways to sell
SINGAPORE -Â Qingjian Realty cutting S$25,000-S$45,000 off prices by offering apartments without interior fit-outs or floor finishing.Amid a sluggish property market, developers are cracking their...
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M&A activity has Southeast Asia lending record amounts
SINGAPORE - The volume of syndicated loans in Southeast Asia was at its largest ever in 2014 with Singapore leading the pack, according to a report by a financial research firm Dealogic. As...
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Hotel Okura to expand into Turkey
TOKYO - Hotel Okura is working to set up five hotels in Turkey by 2020, hoping to raise its profile in the country so that it can attract foreigners visiting Japan for the Tokyo Olympics.This marks the...
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Regulatory barriers hampering economic integration
SINGAPORE - With less than a year until the planned launch of the ASEAN Economic Community, entrenched regulations remain a persistent and formidable obstacle to integrating the region's trade.The AEC,...
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Japanese truckmakers to export more Asian output
TOKYO - Japanese commercial-vehicle manufacturers are exporting more of their Asian output to the rest of the world in order to stabilize production volumes and cultivate new markets in Africa and...
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Singapore launches court to hear global business disputes
The new Singapore International Commercial Court (SICC) to hear global business disputes was launched yesterday at the Supreme Court.It will have specialist jurists hearing international commercial...
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Tight labour market to get even tighter
Some economists are predicting that the clarion call to labour-starved bosses to be more productive will sound louder this new year because there are now fewer housewives and retirees to woo back to...
View ArticleOil market collapses under US$50
LONDON - Global oil prices on Monday collapsed under US$50 (S$66.72) for the first time in more than five years on the strong dollar, plunging equities, demand worries and plentiful crude supplies.The...
View ArticleJapan's JX, Showa Shell to keep Iran crude volumes steady to last year
TOKYO - Two of Japan's biggest buyers of Iranian crude, JX Nippon Oil & Energy Corp and Showa Shell Sekiyu KK, are set to keep their purchases from Tehran largely steady in 2015, their top...
View ArticleToyota targets 1.1 mln vehicle sales in China this year, after missing 2014...
BEIJING/SHANGHAI - Toyota Motor Corp and its two Chinese joint ventures are targeting to sell 1.1 million vehicles in China in 2015, after failing to meet its sales objective for last year.The carmaker...
View ArticleChina's upbeat housing sentiment rolls into 2015
HONG KONG - China's stronger-than-seasonal property sales in December point to a recovery in market sentiment thanks to looser housing and monetary policy, with the upbeat momentum expected to swing...
View ArticleElderly workforce changing society
This is the second instalment of a series.Sun Technical Co. in Suruga Ward, Shizuoka, manufactures and sells a product called "Vacuum lift," which picks up heavy objects using suction power. At the...
View ArticleGovernment eyes bill to improve employment of young people
The government will submit a bill aimed at improving employment of young people during the upcoming ordinary Diet session slated for Jan. 24, The Yomiuri Shimbun has learned.If the bill passes through...
View ArticleOil prices remain weak on supply glut, low Asian and European growth
SINGAPORE - Oil prices remained near five-and-a-half year lows in early Asian trading on Wednesday after prices saw yet more heavy falls in the previous session, and analysts said a supply glut meant...
View ArticleGlobal stocks spooked by oil rout, euro faces inflation trial
SYDNEY - Asian share markets slipped while the euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe...
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