CATHAY PACIFIC WINS NEW CARGO TERMINAL FRANCHISE AT HKIA
HONG KONG (ANTARA News/Asia Pulse)- The Board of Airport Authority Hong Kong awarded a franchise for building a new cargo terminal at Hong Kong International Airport (HKIA) to a subsidiary of Cathay Pacific Airways Limited (SEHK:0293) here Tuesday.
According to the contract, Cathay Pacific Services Limited, a subsidiary of the parent airways, will design, construct and operate the 10-hectare new cargo terminal during the non-exclusive, 20-year franchise.
The new terminal and recently completed enhancements to the cargo apron, taxiways and aircraft stands will equip HKIA to meet future demand for cargo services and to maintain its position as the region's premier air cargo hub.
CHINA STATE SHIPBUILDING CO. REPORTS 140 PCT JUMP IN NET PROFIT
BEIJING (ANTARA News/Asia Pulse)- China State Shipbuilding Co., the nation's biggest shipyard, said its 2007 net profit soared 140 per cent as it increased production to meet rising demand for vessels and diesel engines.
Net income reached 2.92 billion yuan (US$412.2 million) or 5.53 yuan per share last year, up from 1.22 billion yuan or 2.63 yuan per share in 2006, the Shanghai-based company said in a statement.
Sales rose 52.3 per cent to 17.9 billion yuan last year after the state-owned company turned out 85 ships, with a total carrying capacity of 6.55 million tons, the second largest output in the world.
JAPANESE PUBLISHERS PROMOTE CHARACTER PRODUCTS AS SALES DIP
TOKYO (ANTARA News/Asia Pulse)- Japanese publishers Kodansha Ltd. and Shogakukan Inc. said Tuesday that they will partner with 12 companies, including apparel firm Uniqlo Co. and candy maker Ezaki Glico Co. (TSE:2206), to develop products incorporating popular cartoon characters.
The collaboration led by rival publishers is aimed at attracting young people to comic books, whose circulation is on the decline.
Uniqlo on Wednesday will start selling T-shirts featuring characters from Kodansha's Weekly Shonen Magazine and Shogakukan's Weekly Shonen Sunday.
BIMAN BANGLADESH TO LEASE PLANES TO BOOST FLIGHTS IN MIDDLE EAST
DHAKA (ANTARA News/Asia Pulse)- Biman Bangladesh Airlines Limited, now spreading its wings in a turnaround, is likely to have another Boeing in its fleet in May to increase its flight operations to the Middle East.
The latest procurement is part of its ongoing renovation process to make the national flag carrier a world-class airline.
The next Boeing 747 will be incorporated under Aircraft, Crew, Maintenance and Insurance (ACMI) lease process for one year and will be used to operate flights to the Gulf and Middle Eastern countries.
KOREAN LAW FIRM EARMARKS UZBEKISTAN FOR NEW OPERATION
TASHKENT (ANTARA News/Asia Pulse)- South Korean law firm Yoon Yang Kim Shin & Yu has flagged the imminent opening of a new office in Tashkent, Uzbekistan, its second foreign office after Tokyo, Japan.
The firm is currently finalizing plans to hire local lawyers on the ground in Uzbekistan, and will also have a Korean lawyer working out of the new Tashkent office.
Senior Foreign Legal Consultant, Jiyul Yoo, said many Korean companies are expanding into Uzbekistan and neighboring countries to participate in projects and construction, and that an opportunity exists for the firm to capture this outbound business by being a "first-mover.
MALAYSIA'S TENAGA, JAPAN'S J-POWER TO BUILD BIOMASS POWER PLANT
KUALA LUMPUR (ANTARA News/Asia Pulse)- Tenaga Nasional Berhad (TNB) (KLSE:5347) on Tuesday said it has signed a Memorandum of Understanding with Felda Palm Industries Sdn. Bhd. (FPI) and Japan's J-Power (TSE:9513) to jointly develop a 10 MW biomass power plant in Jengka in the central state of Pahang.
The power plant will be implemented under the Small Renewable Energy Power Programme (SREP) launched by the Malaysian government to promote the utilisation of renewable energy in power generation.
The project on a 4.6 hectare site is expected to be completed by the end 2010, TNB said in a statement.
AUSTRALIA'S OROTON BOOKS 70.2 PCT SURGE IN H1 PROFIT
MELBOURNE (ANTARA News/Asia Pulse) - Upmarket clothing firm OrotonGroup (ASX:ORL) is "cautiously optimistic" about trading over the rest of the year after a booking a 70.2 per cent surge in first half profit.
OrotonGroup, which trades in the Oroton and Polo Ralph Lauren brands, reported a record net profit of $A10.4 million ($US9.65 million) for the six months ending January 26, 2008.
That result compares to $A6.1 million ($US5.66 million) net profit for the corresponding period last year as the clothing firm moves through a restructure of its business. OrotonGroup's chief executive Sally Macdonald said trading for the first seven weeks of the second half were in line with expectations, despite the current economic uncertainty.
ASX-LISTED OIL SEARCH TO FINANCE US$2.9 BLN OF PNG LNG PROJECT
MELBOURNE (ANTARA News/Asia Pulse)- Oil Search Ltd (ASX:OSH) says it will have to contribute about $US2.9 billion ($A3.12 billion) to finance its Papua New Guinea liquefied natural gas (LNG) project.
The LNG project aims to commercialise a number of fields in the Southern Highlands and Western Provinces of PNG, which will be treated and then piped to a storage facility 20 kilometres north-west of Port Moresby.
Chief financial officer Nigel Hartley said the joint debt requirement for the project would be about $US9.9 billion ($A10.67 billion), with Oil Search expected to contribute $US2.9 billion ($A3.12 billion).
INDIA'S TCS OPENS NEW DEVELOPMENT CENTRE IN US
NEW DELHI (ANTARA News/Asia Pulse)- India's largest software exporter Tata Consultancy Services (BSE:532540) said Tuesday it has set up a software development and delivery center in North America with a capacity of 1,000 seats to cater to the customers there.
The center located in Milford, Ohio, a suburb of Cincinnati, can accommodate up to 1,000 associates, TCS said in a statement.
"Most of them will be locally hired from the region and its universities," the statement added. The company has selected Cincinnati and the Ohio region as it met all its criteria in terms of proximity to customers, strong talent pool, and a significant economic base that includes 10 Fortune 500 Companies, N Chandrasekaran, TCS chief operating officer and executive director, said.
INDIA'S L&T BAGS US$44.2 MLN ORDER FROM CHINESE FIRM
MUMBAI (ANTARA News/Asia Pulse)- Indian engineering and construction major Larsen & Toubro (L&T) (BSE:500510) on Tuesday said it has bagged a 28 million euro (US$44.2 million) contract from a Chinese firm for supply of gasification equipment.
The heavy engineering division of Larsen & Toubro would supply coal gasifier and syngas cooler assembly to Hebi Coal and Electricity, a subsidiary of Zhongyuan Coal Chemical Industry, for utilisation in its methanol plant, L&T informed the Bombay Stock Exchange.
The company's manufactured equipment would help produce 600,000 tonnes per annum of methanol, it said. The equipment would be manufactured at L&T's Powai and Hazira facilities.
Source:
Business in Asia Today - Mar. 19, 2008
published by Asia Pulse
COPYRIGHT © 2008
HONG KONG (ANTARA News/Asia Pulse)- The Board of Airport Authority Hong Kong awarded a franchise for building a new cargo terminal at Hong Kong International Airport (HKIA) to a subsidiary of Cathay Pacific Airways Limited (SEHK:0293) here Tuesday.
According to the contract, Cathay Pacific Services Limited, a subsidiary of the parent airways, will design, construct and operate the 10-hectare new cargo terminal during the non-exclusive, 20-year franchise.
The new terminal and recently completed enhancements to the cargo apron, taxiways and aircraft stands will equip HKIA to meet future demand for cargo services and to maintain its position as the region's premier air cargo hub.
CHINA STATE SHIPBUILDING CO. REPORTS 140 PCT JUMP IN NET PROFIT
BEIJING (ANTARA News/Asia Pulse)- China State Shipbuilding Co., the nation's biggest shipyard, said its 2007 net profit soared 140 per cent as it increased production to meet rising demand for vessels and diesel engines.
Net income reached 2.92 billion yuan (US$412.2 million) or 5.53 yuan per share last year, up from 1.22 billion yuan or 2.63 yuan per share in 2006, the Shanghai-based company said in a statement.
Sales rose 52.3 per cent to 17.9 billion yuan last year after the state-owned company turned out 85 ships, with a total carrying capacity of 6.55 million tons, the second largest output in the world.
JAPANESE PUBLISHERS PROMOTE CHARACTER PRODUCTS AS SALES DIP
TOKYO (ANTARA News/Asia Pulse)- Japanese publishers Kodansha Ltd. and Shogakukan Inc. said Tuesday that they will partner with 12 companies, including apparel firm Uniqlo Co. and candy maker Ezaki Glico Co. (TSE:2206), to develop products incorporating popular cartoon characters.
The collaboration led by rival publishers is aimed at attracting young people to comic books, whose circulation is on the decline.
Uniqlo on Wednesday will start selling T-shirts featuring characters from Kodansha's Weekly Shonen Magazine and Shogakukan's Weekly Shonen Sunday.
BIMAN BANGLADESH TO LEASE PLANES TO BOOST FLIGHTS IN MIDDLE EAST
DHAKA (ANTARA News/Asia Pulse)- Biman Bangladesh Airlines Limited, now spreading its wings in a turnaround, is likely to have another Boeing in its fleet in May to increase its flight operations to the Middle East.
The latest procurement is part of its ongoing renovation process to make the national flag carrier a world-class airline.
The next Boeing 747 will be incorporated under Aircraft, Crew, Maintenance and Insurance (ACMI) lease process for one year and will be used to operate flights to the Gulf and Middle Eastern countries.
KOREAN LAW FIRM EARMARKS UZBEKISTAN FOR NEW OPERATION
TASHKENT (ANTARA News/Asia Pulse)- South Korean law firm Yoon Yang Kim Shin & Yu has flagged the imminent opening of a new office in Tashkent, Uzbekistan, its second foreign office after Tokyo, Japan.
The firm is currently finalizing plans to hire local lawyers on the ground in Uzbekistan, and will also have a Korean lawyer working out of the new Tashkent office.
Senior Foreign Legal Consultant, Jiyul Yoo, said many Korean companies are expanding into Uzbekistan and neighboring countries to participate in projects and construction, and that an opportunity exists for the firm to capture this outbound business by being a "first-mover.
MALAYSIA'S TENAGA, JAPAN'S J-POWER TO BUILD BIOMASS POWER PLANT
KUALA LUMPUR (ANTARA News/Asia Pulse)- Tenaga Nasional Berhad (TNB) (KLSE:5347) on Tuesday said it has signed a Memorandum of Understanding with Felda Palm Industries Sdn. Bhd. (FPI) and Japan's J-Power (TSE:9513) to jointly develop a 10 MW biomass power plant in Jengka in the central state of Pahang.
The power plant will be implemented under the Small Renewable Energy Power Programme (SREP) launched by the Malaysian government to promote the utilisation of renewable energy in power generation.
The project on a 4.6 hectare site is expected to be completed by the end 2010, TNB said in a statement.
AUSTRALIA'S OROTON BOOKS 70.2 PCT SURGE IN H1 PROFIT
MELBOURNE (ANTARA News/Asia Pulse) - Upmarket clothing firm OrotonGroup (ASX:ORL) is "cautiously optimistic" about trading over the rest of the year after a booking a 70.2 per cent surge in first half profit.
OrotonGroup, which trades in the Oroton and Polo Ralph Lauren brands, reported a record net profit of $A10.4 million ($US9.65 million) for the six months ending January 26, 2008.
That result compares to $A6.1 million ($US5.66 million) net profit for the corresponding period last year as the clothing firm moves through a restructure of its business. OrotonGroup's chief executive Sally Macdonald said trading for the first seven weeks of the second half were in line with expectations, despite the current economic uncertainty.
ASX-LISTED OIL SEARCH TO FINANCE US$2.9 BLN OF PNG LNG PROJECT
MELBOURNE (ANTARA News/Asia Pulse)- Oil Search Ltd (ASX:OSH) says it will have to contribute about $US2.9 billion ($A3.12 billion) to finance its Papua New Guinea liquefied natural gas (LNG) project.
The LNG project aims to commercialise a number of fields in the Southern Highlands and Western Provinces of PNG, which will be treated and then piped to a storage facility 20 kilometres north-west of Port Moresby.
Chief financial officer Nigel Hartley said the joint debt requirement for the project would be about $US9.9 billion ($A10.67 billion), with Oil Search expected to contribute $US2.9 billion ($A3.12 billion).
INDIA'S TCS OPENS NEW DEVELOPMENT CENTRE IN US
NEW DELHI (ANTARA News/Asia Pulse)- India's largest software exporter Tata Consultancy Services (BSE:532540) said Tuesday it has set up a software development and delivery center in North America with a capacity of 1,000 seats to cater to the customers there.
The center located in Milford, Ohio, a suburb of Cincinnati, can accommodate up to 1,000 associates, TCS said in a statement.
"Most of them will be locally hired from the region and its universities," the statement added. The company has selected Cincinnati and the Ohio region as it met all its criteria in terms of proximity to customers, strong talent pool, and a significant economic base that includes 10 Fortune 500 Companies, N Chandrasekaran, TCS chief operating officer and executive director, said.
INDIA'S L&T BAGS US$44.2 MLN ORDER FROM CHINESE FIRM
MUMBAI (ANTARA News/Asia Pulse)- Indian engineering and construction major Larsen & Toubro (L&T) (BSE:500510) on Tuesday said it has bagged a 28 million euro (US$44.2 million) contract from a Chinese firm for supply of gasification equipment.
The heavy engineering division of Larsen & Toubro would supply coal gasifier and syngas cooler assembly to Hebi Coal and Electricity, a subsidiary of Zhongyuan Coal Chemical Industry, for utilisation in its methanol plant, L&T informed the Bombay Stock Exchange.
The company's manufactured equipment would help produce 600,000 tonnes per annum of methanol, it said. The equipment would be manufactured at L&T's Powai and Hazira facilities.
Source:
Business in Asia Today - Mar. 19, 2008
published by Asia Pulse
COPYRIGHT © 2008
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