H&M mulling production in S America, Africa: CEO
Swedish fashion giant H&M is considering starting production in South America and Africa, chief executive Karl-Johan Persson told the Financial Times in an interview published on Monday.
Tharman re-appointed as MAS chairman
Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam has been re-appointed as chairman of the MAS Board of Directors from 21 May 2013 to 31 May 2015.
Danone moves to satisfy Chinese taste for dairy food
French food industry group Danone announced on Monday tie-ups in China with the aim of establishing a strong position amid growing demand for dairy products in the vast Chinese market.
Chatib backs reciprocity in banking deals amidst DBS-Danamon bid
As expectations mount a decision is nearing on DBS Group's takeover of Indonesia's Bank Danamon, the man chosen as the country's next finance minister says the central bank should stick to its demand for reciprocity.
Indonesia names new finance minister
Indonesian President Susilo Bambang Yudhoyono named the country's investment chief as the new finance minister, putting him in charge of Southeast Asia's top economy at a time of major challenges.
Goldman Sachs to invest in Japan green energy
US investment banking giant Goldman Sachs said Monday it will start investing in Japanese renewable energy projects, with a reported $2.9 billion outlay over the next five years.
Thai economy contracts in first quarter
Thailand's economy shrank 2.2 percent in the three months to March from the previous quarter — the first contraction in more than a year — as manufacturing output fell, official data showed Monday.
Bird flu costs China's poultry industry US$6.5b: state media
China's human H7N9 bird flu outbreak has cost the country's poultry industry more than 40 billion yuan (US$6.5 billion) as consumers shun chicken, government officials said, according to state media Monday.
MediaCorp invests in luxury online retailer Reebonz
MediaCorp has signed on as lead investor in the latest round of fund-raising by Singapore-based Reebonz, one of the region's fastest-growing luxury online retailers.