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Airasia CEO Fernandes says aims for 85pc load factor in two years MANILA: AirAsia Bhd, Southeast Asia's biggest budget airline, aims to increase its load factor to 85 percent in the next two years, its chief executive told Reuters on Thursday. "My goal would be to try to move to 85 percent" from the current 81 percent, Tony Fernandes said in an interview on the sidelines of the World Economic Forum on East Asia in Manila. "These next two years, we have the ability to enter up to 85 percent," he said, adding the airline sees growth opportunities in the Philippine, Indian and Japanese markets. Copyright Reuters, 2014 ...

Singapore Airlines plane veers off Yangon runway, no injuries SINGAPORE: A Singapore Airlines plane skidded off the runway on touching down during heavy rain at Myanmar's Yangon International Airport, but no injuries were reported, the carrier said Thursday.The Airbus A330 plane "encountered heavy rain and veered slightly off the runway on landing" at 10:05 am Yangon time (0335 GMT) Wednesday, before it was steered safely back, the airline said."The aircraft was towed to the gate and customers disembarked normally," the airline said in a ...
Google sees spending $30bn buying foreign firms SAN FRANCISCO: Google told US regulators that it could spend as much as $30 billion of its offshore cash reserves on buying foreign companies or technology rights, it emerged Wednesday.In responses to questions from the US Securities and Exchange Commission, the Internet titan said that the bulk of the money it is amassing outside the country is likely to be spent on acquisitions.Google told regulators in a letter that "it is reasonable to forecast" that ...
BlackBerry making a home for the 'Internet of Things' SAN FRANCISCO: BlackBerry said Wednesday it was building a system to make sense of the maelstrom of information from the "Internet of Things" ranging from cars to appliances and watches.A series of initiatives codenamed Project Ion are being woven together to create a platform in the Internet "cloud" that businesses can use to collect data from smart devices of all kinds and derive insights in real time."As connectivity costs continue to fall and connected technologies ...
Renault inks battery deal with South Korea's LG Chem SEOUL: French auto giant Renault has signed an agreement with South Korean chemical firm LG Chem to jointly develop batteries for its electric cars, company officials said Wednesday.A memorandum of understanding was signed in Seoul on Tuesday by Thierry Bollore, Renault's chief competitive officer, and LG Chem president Kwon Young-Soo, an LG spokesman told AFP."LG will develop new batteries for next-generation electric vehicles to be produced by Renault," the spokesman said, declining to say whether ...
Five ex-employees of Taiwan's Foxconn indicted for bribery TAIPEI: Taiwanese prosecutors on Wednesday indicted five former employees of technology giant Foxconn, including senior managers, for allegedly soliciting Tw$160 million ($5.3 million) in kickbacks from suppliers.The development marks the latest setback for the world's largest maker of electronic components, which has come under the spotlight over labour unrest, a spate of employee suicides and the use of underage interns at its Chinese plants in recent years.Liao Wan-cheng and Teng Chih-hsien, who were senior managers ...
Panasonic exploring Tesla plans for battery factory before investing TOKYO: Japan's Panasonic Corp said on Wednesday it's examining US electric automaker Tesla Motors Inc's plans for a lithium battery factory before the electronics firm decides how much to invest in it.Yoshio Ito, senior managing executive officer at Panasonic, said that division of responsibilities and share of ownership in the factory would be key factors in its decision. Panasonic had already sent a letter of intent to Tesla, he added.Tesla is planning to begin building ...


Index Closing Chg%
Arrow DJIA 16,102.38 1.66
Arrow Nasdaq 4,683.92 1.05
Arrow S&P 1,921.22 1.53
Arrow FTSE 6,042.92 2.44
Arrow DAX 10,038.04 2.71
Arrow CAC-40 4,523.08 2.81
Arrow Nikkei 17,792.16 2.15
Arrow H.Seng 20,840.61 0.45
Arrow Sensex 25,201.90 2.18

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln