Archive for February 25th, 2008

Indonesia may terminate Newmont contract

Monday, February 25th, 2008

A senior Indonesian official has told the government to terminate PT Newmont Nusa Tenggara (NTT)'s mining contract following a deadlock in Friday's negotiations over its mandatory divestment program. Simon Sembiring, director-genera ...

Carrefour targets 20% sales growth this year in Malaysia

Monday, February 25th, 2008

French retailer Carrefour expects to grow sales by a fifth to 1.58 billion ringgit (490.68 million U.S. dollars) this year in Malaysia, spurred by outlet expansion and a better performance from existing stores, local media reported on Monda ...

Rising fuel prices force New Zealanders to stay home

Monday, February 25th, 2008

Rising fuel prices are forcing nearly a third of New Zealand drivers to drive their car less often, according to new research released on Sunday. Research New Zealand Director Emanuel Kalafatelis said on Sunday that because of the r ...

Swiss bank says Philippine economy will slow down but remain dynamic

Monday, February 25th, 2008

major Swiss bank has estimated that the growth rate for Philippine economy will slow down to 5.6 percent this year from 7.3 last year due to global economic slowdown, but will remain dynamic, reported the local newspaper Philippine Daily I ...

World Bank economist: Potential U.S. stagflation to have limited impact on China

Monday, February 25th, 2008

The U.S. may slip into stagflation with the subprime crisis, but that would have a limited impact on China, the World Bank's new chief economist and senior vice president Justin Yifu Lin said Sunday. Lin told a seminar in Peking Uni ...

Vietnam to spend $1 bln on broadband infrastructure

Monday, February 25th, 2008

Vietnam will pour one billion U.S. dollars into upgrading its broadband networks in the 2008-2009 period, according to local newspaper Saigon Liberation on Monday. The state-owned Vietnam Posts and Telecommunication Group is develop ...

Thai FM: Thaksin to return "very soon"

Monday, February 25th, 2008

Thailand's Foreign Minister Noppadon Pattama affirmed that coup-ousted premier Thaksin Shinawatra would return to the country "very soon," when asked about the date in a TV program on Monday. Noppadon, who was former legal adviser t ...

Fire rages major market in Myanmar second largest city

Monday, February 25th, 2008

A fire raged a major market in Myanmar's second largest city of Mandalay Monday morning, witnesses said. The fire started at about 8 a.m.(local time) and burned down the business-booming five-storey Yadanabon Market in downtown Mand ...