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Indonesia set to build 165 airports_Soekarno-Hatta plans

Indonesia set to build 165 airports in 2015

Government of Indonesia set to build 165 airports across the country by next year. Indonesia is set to build 165 airports by 2015, as the government has kept aside $507.36 million to finance their construction in cities across the country....
Malaysian banks merger CIMB RHB MSBS

Malaysian banks CIMB, RHB, MBSB submit merger plans

Three Malaysian banks CIMB, RHB, MBSB’s joint proposal to merge to central bank BNM. Malaysian banks CIMB Group Holdings, RHB Capital and Malaysia Building Society Bhd (MBSB) have agreed on a deal to merge, forming the country’s...
central-bank-myanmar singapore banks

Singapore banks to get approval for operation in Myanmar

Two Singapore banks have received preliminary approval for foreign bank licenses to operate in Myanmar. Oversea-Chinese Banking Corporation (OCBC Bank) and United Overseas Bank (UOB) are two Singapore Banks out of nine foreign banks that...
South korea budget 2015

South Korea plans record budget for 2015

South Korea to spend $363 billion in 2015 to counter economic crisis. In order to cushion South Korean economy from the global economic crisis and slump in domestic demand, the country has planned to spend $363 billion in 2015, as per a statement...
Malaysian Battersea consortium funding

Malaysian Battersea consortium gets £1.35 billion financing

The Malaysian Battersea consortium has so far secured loans amounting to £2.09 billion. In order to redevelop the 50 billion Malaysian Ringgit Battersea Power Station (BPS) project in London, the Malaysian Battersea consortium has obtained...
MDG : Brics leaders at Brazil summit

Bangladesh to join $50 billion BRICS Bank

Post prime minister’s go ahead, Bangladesh to join $50 billion BRICS Bank. Bangladesh has expressed its willingness to join the $50 billion BRICS Bank in an announcement made by the country’s finance minister, AMA Muhith, on August...
Tata Motors sees 8 percent hike in profits

Tata Motors sees 8 percent hike in profits

With a three-fold rise since November 2013, India’s Tata Motors sees 8 percent hike in profits. India’s largest automaker, Tata Motors sees 8 percent hike in profits, as its net income jumped to $883 million in the second quarter...
Jet Airways reports loss first quarter

India’s Jet Airways shows $35 million loss in Q1

India’s second largest airline by market share, Jet Airways shows $35 million loss in Q1. Announcing its sixth quarterly drop in a row, India’s Jet Airways shows $35 million loss in Q1 for this year, in a released company statement...
WH

WH Group shares increase by 10% on Hong Kong stock market debut

China’s WH Group has a successful first round at the Hong Kong stock exchange. Chinese pork firm – WH Group – witnessed a 10% surge as they made their debut at the Hong Kong Stock Exchange on Tuesday, August 5th 2014. The...
ATM cash

ATM holders to have two free withdrawals from third party ATMs

ATM card holders earlier had the benefit of having five free withdrawals from third party ATMs in a month. But now the number will be down to two for the account holders in the cities. Meanwhile the Reserve Bank of India has asked to continue...