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Business 21 May 2007 | 12:00 AM

Second choice

Not Beijing, Shanxi. That's the strategy Beijing's Scitech Plaza, one of the city's oldest high-end department stores, employed when it celebrated its 14th anniversary last year.

Business 20 May 2007 | 12:00 AM

Super-rich yacht owners turn to exclusive service to move boats

NEWPORT, Rhode Island (AP): Own a million-dollar yacht? Want to sail the Mediterranean without the hassle of crossing the Atlantic? More critical: got $200,000 (euro148,400) for a one-way ticket? If so, a Dutch shipping company has a deal for you.

Business 20 May 2007 | 12:00 AM

G-8 finance officials stress support for Africa

WERDER-HAVEL, Germany (AP): Group of Eight finance ministers and officials called Saturday for responsible practices in lending decisions to African countries and vowed not to forget pledges to the poverty-stricken continent.

Business 16 May 2007 | 12:00 AM

BoCom’s stunning debut raises red flag

Shares in China's fifth largest bank, Bank of Communications, surged a stronger-than-expected 80% on their Shanghai debut yesterday, indicating that investor fervour in China's stock market, especially for newly issued shares, may have gone too far, analysts said.

Business 15 May 2007 | 12:00 AM

Natural Bio to grow market share

Natural Bio Resources Bhd aims to grow its local market share by targeting niche segments, according to executive director Clement Toh.

Business 14 May 2007 | 12:00 AM

More crude reserves in Bohai Bay

It is highly possible that offshore areas in Bohai Bay will yield further crude reserves as more exploration efforts are scheduled this year, according to a source from China's largest oil company.

Business 14 May 2007 | 12:00 AM

Foreign investors told to go west

Foreign investors are being encouraged to invest in six specific industries in an effort to boost development in the country's western regions, the National Development and Reform Commission vice-minister Wang Jinxiang said in a recent interview with People's Daily.

Business 13 May 2007 | 12:00 AM

New Pakistani deep sea port a boon for Chinese trade

GWADAR, Pakistan (AP) - By the azure waters of the Arabian Sea, a remote Pakistani fishing town is being transformed into a massive deep sea port to cash in on the inexorable rise of the Chinese economy.

Business 13 May 2007 | 12:00 AM

Kia Motors plans to tighten security after alleged technology leak

SEOUL, South Korea (AP) - Kia Motors, South Korea's second-largest automaker, said Saturday it plans to beef up security in response to an alleged leak of production technology to China.

Business 12 May 2007 | 12:00 AM

SIA profit surges 72%

Singapore Airlines (SIA), the world's most valuable carrier, posted a 72% rise in annual profit, beating market expectations, as the airline booked large one-off gains.