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Zhang Yaqin Microsoft baidu poaching

Microsoft China loses top exec to Baidu

Chinese search engine Baidu hires Microsoft China’s top executive. Microsoft China lost its top executive Zhang Yaqin, the company’s corporate vice president, to the Chinese search giant Baidu, in the face of current setbacks in...
Indonesia airfare price ceiling

Indonesia to raise airfare price ceiling

The Indonesian government will increase the airfare price ceiling for scheduled flights. The Indonesian transport ministry will be increasing airfare price ceiling for scheduled flights by October 2014 to lift the weight of losses. The airlines...
Jurong caverns oil storage singapore

Singapore goes underground for commercial oil storage

The Jurong Caverns, Singapore’s large-scale oil storage project, is an engineering feat. In a latest accomplishment, Singapore has found an ‘underground’ solution to its commercial oil storage issues and land constraints. An...
Malaysia prototype lithium ion batteries

Malaysia to make prototype lithium ion batteries

First quarter of 2015 will see Malaysia produce prototype lithium ion batteries for the local market. In a bid to deal with the impending energy crisis and reducing pollution, Malaysia will be producing prototype lithium ion batteries by the...
Malaysia Airlines state buyout

Malaysia Airlines to slash 6,000 jobs

In its plans to restructure the company, Malaysia Airlines to slash 6,000 jobs. As part of a 12-point restructuring plan revealed by the strategic investment fund of the Government of Malaysia, Khazahnah Nasional, Malaysia Airlines (MAS) will...
Lenovo settles US Ideapad lawsuit

Lenovo settles US Ideapad lawsuit for $70 million

A year after being sued for laptop malfunctions, Lenovo settles US Ideapad lawsuit for $70 million. Chinese personal computer giant Lenovo has settled the US Ideapad lawsuit for $70 million after a year of deliberation. The company will...
Indonesia worlds largest sugar importer

Indonesia to be world’s largest sugar importer

In the process to satiate domestic food demand, Indonesia could become world’s largest sugar importer. Indonesian sugar refineries could become the world’s largest sugar importers, considering there may be a sharp increase of...
Japanese auto suppliers found guilty of price fixing

Japanese auto suppliers found guilty of price-fixing in China

Found guilty of price-fixing in China, Japanese auto suppliers face heavy penalties. At least 12 Japanese auto suppliers have been found guilty of price-fixing in China and will face heavy penalties, charged by the National Development and Reform...
India labor-employer relation Morgan Stanley report

India ranks low in labor-employer relation: Morgan Stanley

Incompatible labor laws lead India to rank poorly in labor-employer relation, reports Morgan Stanley. In a recent report, Morgan Stanley has stated that India’s labor market regulations and inadequate physical infrastructure has led it...
nokia lumia 530 launch in india

Microsoft launches Lumia 530 in India

At an affordable price of Rs. 7,349, Microsoft launches Lumia 530 in India. The official launch of Microsoft’s new Lumia 530 Dual Sim in India is today, August 19, 2014. The company claims it to be the most affordable Lumia brand in India...