After acquiring PT Megasari Makmur Group in Indonesia in April, Indian fast-moving consumer goods major Godrej Consumer Products Ltd (GCPL) is buying out the remaining 51 percent stake in Godrej Sara …
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Mandala Airlines opens international routes
Low-cost Indonesian airline Mandala Airlines has announced it will offer international routes connecting Jakarta and Balikpapan with Singapore, Macau and Hong Kong starting from 25 June.…
China and India fuel growth for Starwood
Starwood Hotels & Resorts has opened its 150th hotel in Asia-Pacific – the ITC Royal Gardenia, a Luxury Collection Hotel, in Bangalore.
"Reaching our 150th hotel in Asia-Pacific is an i…
European loan plan to revive India’s coffee exports
India expects the USD962 billion loan package unveiled by European nations to reverse a recent slide in coffee orders from Europe, which buys more than 75 percent of India’s output.
"…
Singapore casino off to strong start
Las Vegas Sands Corp. CEO Sheldon Adelson on Thursday said that initial results from his USD5.7 billion Marina Bay Sands casino resort in Singapore, which opened 10 days ago, "are extremely promi…
Asia-Pacific leading global recovery
While Western countries were still feeling the pinch of the 2008 global crisis in 2009, Asia-Pacific countries did not disappoint investors.
PricewaterhouseCoopers’ Asia-Pacific Merger and Acqui…
Nielsen: Consumer confidence strongest in Asia-Pac and L America
According to a global consumer survey conducted by the New York-based Nielsen Company in March, consumer sentiment was highest in India, followed by Indonesia and Norway.
Consumer confidence is stron…
Drought in Southwest China cuts rubber output, raises costs
A drought that began in the autumn of 2009 is hurting China’s industrial sector, despite affecting mainly agricultural provinces in the southwest.…
Godrej scouts for toilet soap brands in L America
India-based Godrej Group is on the lookout for personal-care companies manufacturing bar soaps in Latin America.
After India, Brazil is the next largest market for bar soaps followed by Asian countrie…
Nokia offers free music in China
Nokia began offering an unrestricted free music-downloading service in China on 8 April – the company’s latest move to attract users amid increasing competition in the smartphone market.
T…