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  1. StanChart buys Bangladesh unit of American Express

    Posted Jun 16th 2005, 12:00am by Staff Reporter

    ... Kelvin Wong Standard Chartered Bank has agreed to buy the commercial banking business of American Express in Bangladesh for US$24.5 million, completing its second acquisition in South Asia ... foreign banks such as Standard Chartered, HSBC and Citigroup have been trying to boost their presence in South Asia, particularly in India where an expanding economy is fuelling demand for loans ...

  2. Capacity on Africa route to rise 20pc

    Posted Aug 05th 2003, 12:00am by Staff Reporter

    ... Capacity on the Asia/South Africa/South America east coast trade is to increase by about 20 per cent following the breakup of the Super Good Hope Express service. No other Asian trade lane ... will launch their own service called the New Good Hope Express (NGX) and deploy 11 2,500-teu vessels. Earlier, CSAV and CMA-CGM said they would launch a launch a service known as the Asia/South ...

  3. Business - Companies - RETAIL

    Aeon buys Carrefour Malaysia assets

    Posted Nov 02nd 2012, 12:00am by BLOOM

    ... are possible in South-East Asia, he said. Carrefour has agreed to sell its Colombian stores to Chilean retailer Cencosud and plans to exit Singapore by the end of the year. The French retailer may ... formulated by chief executive Georges Plassat. Aeon is expanding overseas amid a shrinking population in its home market. Malaysia will become Aeon's South-East Asian headquarters, the company ...

  4. Hutchison linked to port bid

    Posted Sep 17th 2003, 12:00am by Russell Barling

    ... of the Sri Lankan government's Board of Investment, told the South China Morning Post yesterday that KMT Westport, 31.5 per cent owned by Hutchison Port Holdings, had joined PSA Corp and other leading port operators this week in expressing an interest in expanding south Asia's busiest transshipment hub. 'Westport and PSA Corp are two of the companies which have publicly stated ...

  5. Corrections & clarifications

    Posted Jun 21st 2004, 12:00am by Staff Reporter

    ... Shoji Takahashi is managing director of NTT Com Asia, not its parent company NTT Communications (NTT Com) as indicated in a South China Morning Post business report on June 7. NTT Com Asia's 2003 revenue for last year increased 40 per cent year on year, with 75 per cent from Arcstar and Systems Integration and the remainder from its NTT/VERIO IP transit service. NTT Com Group ...

  6. Lai See

    Posted Feb 10th 2010, 12:00am by Howard Winn

    ... Malhotra, who led a team of UBS bankers in Singapore and Hong Kong, has joined Barclays Wealth as head of South Asia. Two other ex-UBS bankers, Jagdish Kale and Rohit Nanani, will join Barclays ... to it. So, forget the bars and the nightclubs, the workplace is where the action is. Citi boss agog at Asia Citi boss Vikram Pandit (below) has been waxing lyrical about his recent visit to Asia ...

  7. Business digest

    Posted Sep 09th 2004, 12:00am by Staff Reporter

    ... 'We expect sales will triple every year in these three years,' Comba chairman and managing director Fok Tung-ling said. Potential markets include Eastern Europe, Southeast Asia and south Asia. Comba, which listed on the main board last year, said yesterday its first-half net profit climbed 36.3 per cent to $118.27 million. It declared an interim dividend of four cents per share. ...

  8. PetroChina acquires parent's global reserves for 20b yuan

    Posted Jun 11th 2005, 12:00am by Eric Ng

    ... Asia, South America, Canada, Middle East, Africa and Southeast Asia. The joint venture will also own PetroChina's only overseas oil fields, in Indonesia, and CNPC's fields on northern ... valued at US$4.4 per barrel of oil and gas reserves. 'The acquisition price is pretty fair,' said David Hurd, an oil and gas analyst at Deutsche Bank Asia. Statoil of Norway recently ...

  9. Asian consumer markets whet HSBC appetite

    Posted Mar 04th 2005, 12:00am by Louis Beckerling

    ... Louis Beckerling HSBC will look to consumer markets in China, South Korea and elsewhere in Asia for a growing share of its revenues this year, according to Paul Thurston, general manager, ... to total group earnings last year, down from 12.1 per cent in the previous year. The rest of Asia- 21 markets including Australia, Japan, South Korea and India- recorded an increase of 121 per cent ...

  10. Warning over karaoke prices amid label row

    Posted Apr 16th 2010, 12:00am by Austin Chiu

    ... for them after they had opted out of the Phonographic Performance (South East Asia) body under the International Federation of the Phonographic Industry. Neway is being sued by Sony Music ...




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