March, 2016

• 17 March

  Tadweer launches ‘Your Waste, Your Responsibility’ awareness campaign

  

  ABU DHABI / Emirates Business Tadweer (The Center of Waste Management – Abu Dhabi) has launched a unique awareness campaign “Your Waste, Your Responsibility” at Khalifa Park involving over 1000 students from 50 government, private, foreign and Arabic schools across Abu Dhabi. This initiative has been organised in partnership with Averda and Lavajet, and in collaboration with a number of local ...

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• 17 March

  Japan exports to China rise in Feb

  

  Tokyo / AFP Japanese exports to China rose for the first time in seven months in February, the government announced on Thursday, though analysts said the gain was distorted by the timing of the Lunar New Year holiday. China is Japan’s top trading partner, but the Asian giant’s economic growth has been slowing as Beijing tries to pull off a ...

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• 17 March

  India jewellers’ strike enters third week as tax stalemate drags on

  

  Bangkok / AFP A jewellers’ strike in India, the world’s biggest gold consumer after China, to oppose a proposed excise tax has extended into its third week as the industry intensified protests by conducting rallies on Thursday in the capital, New Delhi. Bullion stores have been shut since March 2 to protest an excise levy of 1 percent on ornaments ...

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• 17 March

  Toshiba sells medical unit to Canon for US$5.9bn

  TOKYO / AP Scandal-plagued Japanese electronics maker Toshiba Corp. sold its medical unit to Japanese camera maker Canon Inc. for 665.5 billion yen ($5.9 billion) on Thursday, both sides said. Separately, Toshiba said it reached an agreement with Chinese home appliance manufacturer Midea Group on selling its refrigerator and other so-called “white goods” business, targeting the end of March. Pricing ...

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• 17 March

  Bharti pays US$662mn for Videocon Spectrum

  New Delhi / Bloomberg Bharti Airtel Ltd., India’s largest wireless operator by subscribers, said it will buy airwaves from Videocon Telecommunications Ltd. for six regions for 44.3 billion rupees ($662 million) to increase its network coverage. The carrier will use the 1,800 megahertz band spectrum for services in Bihar, Haryana, Madhya Pradesh, Uttar Pradesh East and West as well as ...

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• 17 March

  India banks will chase Mallya for ‘every penny’: Jaitley

  New Delhi / AFP Indian banks will strive to recover “every penny” from the troubled Kingfisher chief, who left the country owing more than $1 billion, the finance minister said on Thursday, as warnings sound over a mounting bad debt problem. More than a dozen lenders are chasing Vijay Mallya, dubbed the King of Good Times, for 90 billion rupees ...

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• 17 March

  Malaysian companies invest over US$2.69bn in Asean

  Kuala Lumpur / DPA Some 1,500 Malaysian companies have investments totalling 11.46 billion ringgit (US$2.81 billion) in Asean, said Prime Minister Najib Razak. “Malaysia is among the main investors in Asean with our firms investing widely in banking, commodities, hotel and tourism, aviation, manufacturing, and utility and infrastructure. Intra-Asean investments have also increased,” the prime minister said in reply to ...

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• 17 March

  Amid challenges, Singapore’s financial sector resilient

  

  Singapore / DPA Renowned economist Song Seng Wun was not surprised at all to learn, in March last year, that he was among 15 employees being laid off from CIMB Securities. After 25 years in Singapore’s financial services industry, Song has endured enough business cycles to understand that job cuts come hard and fast in his field when business conditions ...

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• 17 March

  Brazil’s crushing debt loads lead to restructuring boom

  

  Bloomberg Brazil’s economic quagmire, with an ever-growing corruption scandal on top of the longest and deepest recession in at least a century, is producing an unprecedented era of corporate debt restructuring in the country. The borrowing binge of Brazilian companies went on during the country’s economic boom earlier this decade has now turned into an albatross as tens of thousands ...

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• 17 March

  Argentina’s Puente looks to 2017 IPO for global reach

  Bloomberg Puente, an Argentine investment bank and brokerage, is looking to expand its international reach with plans for an initial public offering in 2017. The company, which seeks to sell a stake of about 20 percent through the IPO, may consider holding the offering in London or New York, company officials said on Thursday. Puente also announced that Emilio Ilac ...

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