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11 Asia-Pacific nations to launch US$1bil bond fund
Eleven Asia- Pacific nations will formally launch a new US$1bil Asian bond fund tomorrow, drawn from their huge central bank reserves to speed up the development of a regional bond market.
Joint Asean commitment on flagship projects
THE 21st Asean Ministers on Energy Meeting (AMEM) ended on Thursday with a joint-commitment to ensure that its proposed flagship projects, Trans-Asean Gas Pipeline and the Asean Power Grid, proceed and are completed by 2020.
AirAsia’s Thai venture portends new Asean ties
Bangkok-based Shin Corporation, with Thai Premier Thaksin Shinawartra as one of its major shareholders, has pledged to forge closer cultural ties and cross-border integration through a joint venture with Malaysia#039;s no-frills carrier, AirAsia, to operate domestic flights in Thailand.
Soon – more low-fare offerings from AirAsia
IMAGINE paying less than a ringgit to travel by air. Such a scenario would have been unthinkable years ago. But since low-fare no-frills airline AirAsia took to the skies, much has changed.
Tie-up with AEON seen as a boost
Lighting specialist Light Style Sdn Bhd expects its tie-up with AEON Credit Service (M) Sdn Bhdto boost its retail sales by 20% for the 12-month period starting next month.
Petronas to buy petrol station operations
Petronas, through Petronas International Corp Ltd, has signed a sale and purchase agreement to acquire Kuwait Petroleum (Thailand) Ltd (KPTL) from Kuwait Petroleum International Ltd.
Thai-China trade expected to triple in next five years
Trade between Thailand and China is expected to triple from the current US$15 billion (euro12.2 billion) annually in the next four to five years as more incentives are granted to Chinese investors, the national news agency said Sunday.
MAS gains 2% growth on Thai flights
Despite being bogged down with SARS, bird flu, tsunami and growing competition in the past two years, Malaysia Airlines (MAS) managed to post a 2% growth on its flights to Thailand.
East Asia economic tie-up still far away
EAST Asian regional economic integration, be it 'market-driven' or 'functional', has enveloped both South-East and North-East Asia. It is, however, important to underscore that unlike South-East Asia, North-East Asia remains loose and unorganised.
Ogawa makes strong debut on Bursa
Ogawa World Bhd shares debuted at a 40 sen, or 40%, premium against its issue price of RM1 on the main board yesterday. Executive director Louis Chong said: 'With our successful listing, we will certainly be aggressively expanding our business and brand building in Malaysia and overseas.'
