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Business 26 Apr 2009 | 12:00 AM

India's ICICI bank quarterly profit down 35%

MUMBAI, India (AP): ICICI Bank Ltd., India's largest private bank, said Saturday that its quarterly profit slid over 35 percent as the global financial crisis eroded fee income in commercial and retail banking.

Business 13 Apr 2009 | 12:00 AM

DBS Group chief executive dies

Richard Stanley, CEO of Singapore's DBS Group, died on Saturday and South-East Asia's biggest banking group said it will continue to be run by chairman Koh Boon Hwee while the board develops a succession plan.

Business 05 Mar 2009 | 12:00 AM

China’s manufacturing offers glimmer of hope

China's manufacturing downturn showed tentative signs of bottoming out yesterday, offering a rare glimmer of hope for the world economy mired in its worst slump in decades.

Business 03 Mar 2009 | 12:00 AM

RAM revises GDP forecast for the year downwards

RAM Holdings Bhd has revised Malaysia's gross domestic product (GDP) growth forecast for the year to 0.9% from 3.5% previously due to falling and persistently weak exports demand over the next few years.

Business 28 Feb 2009 | 12:00 AM

Economic growth slows down to 4.6% in 2008

The country's economy grew 4.6% in 2008 compared with 6.3% in 2007 as domestic demand continued to provide support to growth, driven mainly by private consumption and public spending, the central bank says.

Business 12 Feb 2009 | 12:00 AM

China's exports and imports dip sharply in January

Chinese exports and imports fell unexpectedly sharply in January, underlining how badly the world's third largest economy has been hit by the global financial crisis and the impact that is having on its neighbours.

Business 11 Feb 2009 | 12:00 AM

Bankers: Bailout funds helped, repayment coming

WASHINGTON (AP) - Several chief executives at major U.S. banks that received injections of capital from the federal government last fall say they made more loans as a result of the infusions and vowed to pay back the taxpayer money over time.

Business 03 Feb 2009 | 12:00 AM

Fitch revises ringgit outlook to negative

Fitch Ratings has affirmed Malaysia's long-term local currency Issuer Default Rating (IDR) at i>A+/iand revised the outlook for the ringgit to 'negative' from 'stable'.

Business 24 Jan 2009 | 12:00 AM

Money, time and energy

Life can be simplified into 3 basic elements.

Business 16 Jan 2009 | 12:00 AM

China drew record US$92b FDI last year

China drew a record US$92.4bil in foreign direct investment (FDI) in 2008, up nearly a quarter on the previous year, signalling its continued drawing power for foreign firms even amid the global economic downturn.