A second financial crisis was predicted to hit Asia in the next 12 to 18 months that originated from the US after its Federal Reserve announced stimulus reduction.
Asia/Pacific
Thai billionaire bids for Hutchison Whampoa's ParknShop- sources
Sources said Thai billionaire Dhanin Chearavanont submitted its bid for Li Ka-shing's ParknShop chain.
Sale of healthcare unit boosts Sime Darby profits
Malaysian palm oil producer Sime Darby said the sale of its healthcare unit boosted fourth quarter profits.
Mercedes-Benz plans more outlets in China to capture bigger market share
German car manufacturer Daimler Mercedes-Benz planned to increase the number of its dealer outlets in China to get a bigger share of the world's largest auto market.
SCA Property to fund new shopping center developments
SCA Property's gearing, its debt to ratio assets, is projected to rise to 33% and can rise to as much as 40% according to its CEO.
Latest News
Blackberry, the leading mobile device in India, had announced selling its global operations unit but would remain business as usual to ease fears of Indian users.
The Carlyle Group and Townsend Group co-invested USD 200 million in a strategic partnership with Shanghai Yupei Group for a logistics platform in China.
Alliance Global Group acquired Touch Solutions to facilitate the backdoor listing of its liquor unit.
The partnerships of SAIC Motor Corp with Western car manufacturers helped boost its sales for the first half of this year.
A Philippine regulator said that the bidding for the LRT Line 1 Cavite extension project had failed.
Wesfarmers Ltd was able to gather AUD 304 million through a lease securitization deal with a special purpose entity.
Fraser and Neave Ltd said that the company is in a dispute with its joint venture partner regarding its stake in Myanmar Brewery Ltd..
Despite a beleaguered international division, Qantas Airways posted an annual profit of AUD5 million.
Taiwan-based Advanced Semiconductor Engineering Inc would be selling convertible bonds to raise USD 400 million.
