09302016Fri
Last update: Fri, 30 Sep 2016 04am

Industries & Sectors

Business & Finance - Industries & Sectors

Thai Airways says Q3 sales up as tourists shrug off Bangkok blasts BANGKOK: Thai Airways International Pcl's cabin factor, or the percentage of seats sold, would rise in the third quarter to 75 percent as tourists appeared unaffected by last month's bomb blast in Bangkok, its president said on Friday. President Charumporn Jotikasthira told Reuters that European sales during the July-September quarter remained strong, even as bookings from China and Japan fell slightly. In the previous quarter, the flag carrier's cabin factor was 69.2 percent. No group has claimed responsibility for the Aug. 17 attack at a Hindu shrine in Bangkok, which killed 20 people, including 14 foreign tourists. Charumporn said the airline's 2015 revenue was expected to be flat from a year ago at around 180 billion baht ($5 billion), in line with previous forecasts, as stiff competition from budget airlines and other regional carriers pressures yields. The airline also plans to cut operating costs by 5 percent this year, below ...

Business & Finance - Industries & Sectors

Toyota suspends output at 3 Japan plants due to heavy rains TOKYO: Toyota Motor Corp said it had cancelled the day shift at three factories in northeastern Japan due to heavy rains that earlier on Friday burst the banks of a river in the city of Osaki, in Miyagi prefecture. There has been no damage at the facilities - two in Miyagi and one in neighbouring Iwate prefecture - which are run by its subsidiary Toyota Motor East Japan, a spokeswoman said.Toyota will decide whether it ...

Business & Finance - Industries & Sectors

Taiwan's Evergreen orders 20 containerships in a month TAIPEI: Taiwan's Evergreen Group on Friday ordered 10 containerships from Japan's largest shipbuilder, the second similar deal in a month, as it eyes trade growth potential from a planned regional trade bloc.The order with Japan's Imabari Shipbuilding brought to 20 the number of 2,800-TEU (twenty-foot equivalent) B-type container vessels Evergreen has ordered in a month.The world's fourth largest shipping firm signed a similar contract with Taiwan's CSBC Corp last month.No exact value of the two ...

Business & Finance - Industries & Sectors

Moody's says sustained growth could trigger Hungary upgrade BUDAPEST: Credit rating agency Moody's could lift its Ba1 rating on Hungarian government debt on signs of sustained growth prospects backed by greater policy stability or strong evidence of debt falling, it said in an annual credit analysis on Friday.It said the regular research was an update to markets and did not constitute a rating action."Downward pressure on the rating could stem from any weakening of policymakers' commitment to containing the budget deficit to less ...

Business & Finance - Industries & Sectors

Carmakers head to Frankfurt for IAA, with eye on China FRANKFURT: Eco-friendly models and futuristic technology like automated driving look set to dazzle at the IAA auto show in Frankfurt next week, although slowing sales in China could cast a shadow over resurgent demand in Europe, analysts said.Hundreds of thousands of visitors are expected to crowd into the massive exhibition halls of Frankfurt's sprawling trade fair from September 19-27 to catch a glimpse of the latest models and high-tech innovations.The world's press will get a ...

Business & Finance - Industries & Sectors

Fiat Chrysler recalls 1.7mn vehicles, mostly in US NEW YORK: Fiat Chrysler's US arm announced Thursday the recall of more than 1.7 million cars and trucks on Thursday for problems including air bag risks, bad welds and electrical wiring risks.FCA US said it was recalling 1.35 million 2012-2014 Ram pickups and other trucks in the US and other markets to inspect and fix steering wheel wiring harnesses which can wear to the point of causing a short circuit that could inadvertently deploy the ...

Business & Finance - Industries & Sectors

Apple accused over $71 million in Chinese taxes BEIJING: A Chinese subsidiary of US tech giant Apple failed to pay 452 million yuan in taxes (now $71 million) due at the end of 2013, Beijing's finance ministry said.Apple has already paid the back taxes, along with late fees totalling 65 million yuan, the ministry said on its website.California-based Apple's products are hugely popular in China and the country is increasingly one of its most important markets.Apple's infraction -- it included maintenance costs in ...