PANASONIC FACTORY SOLUTIONS STRENGTHENING ASIAN OPERATIONS
Singapore (ANTARA News/Asia Pulse) - Panasonic Factory Solutions Co., the arm of the Matsushita Electric Industrial Co. (TSE:6752) group that makes manufacturing equipment for electronic devices, is bolstering its business in Asia.
The company has integrated the factory automation division of Panasonic Industry Asia Pte. Ltd., which is responsible for Asian sales, with development and manufacturing unit Panasonic Factory Solutions Singapore Pte Ltd.
The merged company will operate under the name Panasonic Factory Solutions Asia and will be responsible for everything from development through sales and customer support for Southeast Asia, the Middle East, southern Asia and the Pacific region.
PHILIPPINES' EASTWOOD CITY CYBERPARK EARNS US$288 MLN IN '07
Manila (ANTARA News/Asia Pulse) - Eastwood City Cyberpark, owned by leading developer Megaworld Corporation, has reported a total of $US288.09 million in export revenues last year.
Citing data from the Philippine Economic Zone Authority (PEZA), Megaworld said offshoring and outsourcing revenues increased by 21 per cent from the $US188.5 million recorded in 2006.
The owner and developer of Eastwood City located in Libis, Quezon City also claimed that business process outsourcing firms in the Cyberpark alone employed about 12,515 individuals last year.
NESTLE MALAYSIA POSTS 33.3 PCT JUMP IN Q1 PRE-TAX PROFIT
Kuala Lumpur (ANTARA News/Asia Pulse) - Nestle (Malaysia) Berhad (KLSE:4707) has posted a 33.3 per cent jump in first quarter pre-tax profit despite the ongoing surge in the prices of major raw materials.
Its pre-tax profit rose to RM124.758 million (US$39 million) for the three months ended 31 March 2008 against RM93.625 million for the previous corresponding period.
The higher profit was struck on the back of a 9.9 per cent increase in revenue to RM927.688 million from RM844.450 million a year earlier, the leading food and beverage manufacturer said in a filing to Bursa Malaysia on April 23.
Earnings per share climbed to 40.23 sen from 29.78 sen previously.
UK-BASED PROPERTY PLAYER DANDARA TO PARTNER WITH ICICI BANK
New Delhi (ANTARA News/Asia Pulse) - UK real estate firm Dandara is likely to link up with India's ICICI Bank to woo high net worth individuals in India for investing in the UK's real estate market.
The 200 million pound (US$395.76 million) UK-based company is in talks with the largest private sector bank of India to endorse Dandara's properties and market them to ICICI customers.
"The due diligence process is going on and in next 2-3 months we expect the deal to close and as per the agreement we will be able to reach the customers of ICICI Bank, which has a very wide network in the country," said Dandara Holdings Ltd Group Investment Sales Director Seamus Nuget.
INDONESIAN TELCO NTS TO INVEST US$1 BLN TO EXPAND COVERAGE AREA
Jakarta (ANTARA News/Asia Pulse) - The operator of the third generation (3G) telecommunication service PT Natrindo Telepon Seluler (NTS) said it plans to invest US$1 billion this year for the expansion of infrastructure networks building more base transceiver stations (BTS) in Java and Sumatra, according to NTS President Erik Aas.
NTS, which is owned by Malaysia's Maxis (KLSE:5051) and an investor from Saudi Arabia, operates only with 1,200 units of BTS in East Java, West Java, Jakarta and Banten.
The company hopes to increase the number of BTS to 3,700 units with 2 million subscribers this year.
CHINA'S EXPORT-LED ENTERPRISES URGED TO SLOW DOWN EXPORTS
Beijing (ANTARA News/Asia Pulse) - Chinese experts have called on export-oriented enterprises to further carry out innovation, improve efficiency and produce more brand products to boost export.
The number of orders received by a number of Chinese enterprises has dropped due to the accelerated appreciation of RMB, adjustment of export rebate rate by the government, rising of labor cost and shrunk demands from the United States, according to the foreign trade experts.
Statistics show that US$3.678 billion in transactions were reached at the recently held 18th East China Fair in Shanghai, up only 3.52 per cent over the previous one.
AUSTRALIAN HOSPITAL OPERATOR RAMSAY TO MANAGE IRISH HOSPITAL
Sydney (ANTARA News/Asia Pulse) - Australian private hospital operator Ramsay Health Care Ltd (ASX:RHC) has signed a contract to manage a new hospital about to be built in Ireland.
The deal continues the company's expansion into the UK market, which began last September with Ramsay's acquisition of UK private hospital operator Capio.
Ramsay said construction of the 72-bed Adare Hospital & Clinic in Limerick will begin soon and is scheduled to open in 2010. The company will receive management fees for operating the hospital, but will not be contributing any funds for its construction.
VIETNAM AIRLINES POSTS US$368 MLN Q1 EARNINGS
Hanoi (ANTARA News/Asia Pulse) - Vietnam Airlines has reported revenue early this week of more than VND5.9 trillion (US$368.7 million) for the first quarter of this year, accounting for 25.84 per cent of the year's projected earnings.
Breaking down the report, VNA said it had more than 15,140 flights in the first quarter, an increase of 9.3 per cent over the same period last year.
About 2.4 million passengers used VNAs flights, an increase of 14.7 per cent. Of them, 1.4 million were domestic passengers and 953,000 foreigners.
The report also outlined the challenges the airline faced while working to meet first quarter targets such as the cost of fuel, which rose 20 per cent over the estimated price, forcing the airline to spend an additional VND491 billion in fuel costs.
KYOKUTO KAIHATSU TO DEVELOP SPECIALTY VEHICLES IN CHINA
Tokyo (ANTARA News/Asia Pulse) - Kyokuto Kaihatsu Kogyo Co. (TSE:7226) is launching full-scale technology development in China for cement mixers and other specialty vehicles for the construction industry.
By the end of fiscal 2008, the company will double to 10 the number of Chinese engineers assigned to designing new vehicles at its plant in Kunshan, Jiangsu province.
Because many high-rise buildings are being built in China, the engineers will work to develop large concrete pump trucks that can carry concrete to the upper floors of buildings.
NOVARTIS, AVENTIS TO ARBITRATE CLAIMS, DIFFERENCES IN LONDON
New Delhi (ANTARA News/Asia Pulse) - Novartis Vaccines & Diagnostics Inc and Aventis Pharma on Wednesday resolved to refer their differences and claims over marketing of anti-rabies vaccine in South Asia to arbitration in London.
The companies on Wednesday informed Supreme Court, which was hearing the matter, that all the disputes and differences have been referred to the sole arbitration of former Chief Justice of India Justice S P Bharucha.
"In conducting arbitration, the sole arbitrator will be guided by the rules of arbitration of the International Chamber of Commerce... The seat of the arbitration and the place for making and publishing of the award shall be London, England.
The substantive law of the contract shall be Indian law." It was also decided that Chiron Behring Vaccines (now Novartis Vaccines and Diagnostics GmbH) would neither appoint any distributor nor market the vaccine in India and Nepal for a period of eight weeks from the date of the order or until the first sitting of the arbitrator, whichever is earlier.
Source:
Business in Asia Today - APRIL 24, 2008
published by Asia Pulse
COPYRIGHT © 2008
Singapore (ANTARA News/Asia Pulse) - Panasonic Factory Solutions Co., the arm of the Matsushita Electric Industrial Co. (TSE:6752) group that makes manufacturing equipment for electronic devices, is bolstering its business in Asia.
The company has integrated the factory automation division of Panasonic Industry Asia Pte. Ltd., which is responsible for Asian sales, with development and manufacturing unit Panasonic Factory Solutions Singapore Pte Ltd.
The merged company will operate under the name Panasonic Factory Solutions Asia and will be responsible for everything from development through sales and customer support for Southeast Asia, the Middle East, southern Asia and the Pacific region.
PHILIPPINES' EASTWOOD CITY CYBERPARK EARNS US$288 MLN IN '07
Manila (ANTARA News/Asia Pulse) - Eastwood City Cyberpark, owned by leading developer Megaworld Corporation, has reported a total of $US288.09 million in export revenues last year.
Citing data from the Philippine Economic Zone Authority (PEZA), Megaworld said offshoring and outsourcing revenues increased by 21 per cent from the $US188.5 million recorded in 2006.
The owner and developer of Eastwood City located in Libis, Quezon City also claimed that business process outsourcing firms in the Cyberpark alone employed about 12,515 individuals last year.
NESTLE MALAYSIA POSTS 33.3 PCT JUMP IN Q1 PRE-TAX PROFIT
Kuala Lumpur (ANTARA News/Asia Pulse) - Nestle (Malaysia) Berhad (KLSE:4707) has posted a 33.3 per cent jump in first quarter pre-tax profit despite the ongoing surge in the prices of major raw materials.
Its pre-tax profit rose to RM124.758 million (US$39 million) for the three months ended 31 March 2008 against RM93.625 million for the previous corresponding period.
The higher profit was struck on the back of a 9.9 per cent increase in revenue to RM927.688 million from RM844.450 million a year earlier, the leading food and beverage manufacturer said in a filing to Bursa Malaysia on April 23.
Earnings per share climbed to 40.23 sen from 29.78 sen previously.
UK-BASED PROPERTY PLAYER DANDARA TO PARTNER WITH ICICI BANK
New Delhi (ANTARA News/Asia Pulse) - UK real estate firm Dandara is likely to link up with India's ICICI Bank to woo high net worth individuals in India for investing in the UK's real estate market.
The 200 million pound (US$395.76 million) UK-based company is in talks with the largest private sector bank of India to endorse Dandara's properties and market them to ICICI customers.
"The due diligence process is going on and in next 2-3 months we expect the deal to close and as per the agreement we will be able to reach the customers of ICICI Bank, which has a very wide network in the country," said Dandara Holdings Ltd Group Investment Sales Director Seamus Nuget.
INDONESIAN TELCO NTS TO INVEST US$1 BLN TO EXPAND COVERAGE AREA
Jakarta (ANTARA News/Asia Pulse) - The operator of the third generation (3G) telecommunication service PT Natrindo Telepon Seluler (NTS) said it plans to invest US$1 billion this year for the expansion of infrastructure networks building more base transceiver stations (BTS) in Java and Sumatra, according to NTS President Erik Aas.
NTS, which is owned by Malaysia's Maxis (KLSE:5051) and an investor from Saudi Arabia, operates only with 1,200 units of BTS in East Java, West Java, Jakarta and Banten.
The company hopes to increase the number of BTS to 3,700 units with 2 million subscribers this year.
CHINA'S EXPORT-LED ENTERPRISES URGED TO SLOW DOWN EXPORTS
Beijing (ANTARA News/Asia Pulse) - Chinese experts have called on export-oriented enterprises to further carry out innovation, improve efficiency and produce more brand products to boost export.
The number of orders received by a number of Chinese enterprises has dropped due to the accelerated appreciation of RMB, adjustment of export rebate rate by the government, rising of labor cost and shrunk demands from the United States, according to the foreign trade experts.
Statistics show that US$3.678 billion in transactions were reached at the recently held 18th East China Fair in Shanghai, up only 3.52 per cent over the previous one.
AUSTRALIAN HOSPITAL OPERATOR RAMSAY TO MANAGE IRISH HOSPITAL
Sydney (ANTARA News/Asia Pulse) - Australian private hospital operator Ramsay Health Care Ltd (ASX:RHC) has signed a contract to manage a new hospital about to be built in Ireland.
The deal continues the company's expansion into the UK market, which began last September with Ramsay's acquisition of UK private hospital operator Capio.
Ramsay said construction of the 72-bed Adare Hospital & Clinic in Limerick will begin soon and is scheduled to open in 2010. The company will receive management fees for operating the hospital, but will not be contributing any funds for its construction.
VIETNAM AIRLINES POSTS US$368 MLN Q1 EARNINGS
Hanoi (ANTARA News/Asia Pulse) - Vietnam Airlines has reported revenue early this week of more than VND5.9 trillion (US$368.7 million) for the first quarter of this year, accounting for 25.84 per cent of the year's projected earnings.
Breaking down the report, VNA said it had more than 15,140 flights in the first quarter, an increase of 9.3 per cent over the same period last year.
About 2.4 million passengers used VNAs flights, an increase of 14.7 per cent. Of them, 1.4 million were domestic passengers and 953,000 foreigners.
The report also outlined the challenges the airline faced while working to meet first quarter targets such as the cost of fuel, which rose 20 per cent over the estimated price, forcing the airline to spend an additional VND491 billion in fuel costs.
KYOKUTO KAIHATSU TO DEVELOP SPECIALTY VEHICLES IN CHINA
Tokyo (ANTARA News/Asia Pulse) - Kyokuto Kaihatsu Kogyo Co. (TSE:7226) is launching full-scale technology development in China for cement mixers and other specialty vehicles for the construction industry.
By the end of fiscal 2008, the company will double to 10 the number of Chinese engineers assigned to designing new vehicles at its plant in Kunshan, Jiangsu province.
Because many high-rise buildings are being built in China, the engineers will work to develop large concrete pump trucks that can carry concrete to the upper floors of buildings.
NOVARTIS, AVENTIS TO ARBITRATE CLAIMS, DIFFERENCES IN LONDON
New Delhi (ANTARA News/Asia Pulse) - Novartis Vaccines & Diagnostics Inc and Aventis Pharma on Wednesday resolved to refer their differences and claims over marketing of anti-rabies vaccine in South Asia to arbitration in London.
The companies on Wednesday informed Supreme Court, which was hearing the matter, that all the disputes and differences have been referred to the sole arbitration of former Chief Justice of India Justice S P Bharucha.
"In conducting arbitration, the sole arbitrator will be guided by the rules of arbitration of the International Chamber of Commerce... The seat of the arbitration and the place for making and publishing of the award shall be London, England.
The substantive law of the contract shall be Indian law." It was also decided that Chiron Behring Vaccines (now Novartis Vaccines and Diagnostics GmbH) would neither appoint any distributor nor market the vaccine in India and Nepal for a period of eight weeks from the date of the order or until the first sitting of the arbitrator, whichever is earlier.
Source:
Business in Asia Today - APRIL 24, 2008
published by Asia Pulse
COPYRIGHT © 2008
No comments:
Post a Comment