Asia Business News and Opinion | Asia News - Politics, Media, Education

Asia Business

Survey shows China manufacturing shrinks in June

By AP News Thu, Jun 20, 2013 12:00PM UTC

HONG KONG (AP) — Manufacturing in China contracted this month at a faster pace as demand weakened, according to a private survey Thursday, adding to fears about a fragile recovery in the world’s second-biggest economy. HSBC said that the preliminary version of its monthly purchasing managers index fell to a

View Comments Read Full Story ›

Thailand cuts rice subsidy price after $4.4bn loss

By AP News Thu, Jun 20, 2013 11:50AM UTC

BANGKOK (AP) — Thailand will pay farmers 20 percent less for rice to stem losses from a much-criticized subsidy program that dislodged the country from its spot as the world’s No. 1 exporter of the grain, a government minister said Wednesday. Cabinet minister Warathep Rattanakorn said the government will pay

View Comments Read Full Story ›

Malaysia budget airport launch pushed to May 2014

By AP News Wed, Jun 19, 2013 10:12AM UTC

KUALA LUMPUR, Malaysia (AP) — Malaysia’s airport operator says the launch of a new airport for budget carriers has been further delayed by 10 months to May 2014 due to a setback in construction. The four-billion-ringgit ($1.27 billion) airport was originally slated to open mid-2012, but the date was pushed

View Comments Read Full Story ›

Thailand admits losing $4.4bn from rice scheme

By AP News Tue, Jun 18, 2013 7:42PM UTC

BANGKOK (AP) — Thailand’s government has acknowledged losing more than $4.46 billion in a much-criticized scheme to support rice prices that ended up dislodging the country from its top spot as the grain’s exporter. Prime Minister’s Office Minister Warathep Rattanakorn said Tuesday the government’s sales of the rice failed to

View Comments Read Full Story ›

Facebook CEO Zuckerberg meets SKorean president

By AP News Tue, Jun 18, 2013 4:34PM UTC

outh Korean President Park Geun-hye, left, shakes hands with Facebook CEO Mark Zuckerberg during a meeting at the presidential house in Seoul, South Korea, Tuesday. Pic: AP.

SEOUL, South Korea (AP) — Facebook CEO Mark Zuckerberg has met South Korean President Park Geun-hye in Seoul to discuss ways to stimulate entrepreneurship and venture firms in Asia’s fourth-largest economy. Park’s office said Zuckerberg assured the South Korean leader that Facebook would continue to invest in the country, and

View Comments Read Full Story ›