Search Results for: Singapore

BY MARK ROWE
TOYOTA Motors is considering buying up Inchcape Motors, a Singapore subsidiary of the world’s largest motor agency, Inchcape plc. The deal is dependent on a proposed delisting of Inchcape Motors, which distributes Toyota and Suzuki in the Asian island state.…

BY MARK ROWE
SINGAPORE Power is to build a power generation plant worth between Sing. $50 million and $150 million, (Pounds 20m – pounds 60m), near Melbourne in Australia’s Victoria state. The eventual capacity of the open cycle gas turbine peaking power station will range from 90 megawatts (MW) to 270 MW, although the exact final capacity has yet to be decided.…

BY MARK ROWE
BMW has appointed a woman to head its Asian head office in Singapore, a move unprecedented in the history of the country. Birgit Maier is set to take up the position of managing director of BMW Asia in April, replacing the present chief, Felix Herrnberger.…

BY MARK ROWE
FRENCH shipping line Delmas has begun a direct link between Singapore and East Africa to take advantage of growing container trade volumes with Asia. The East Africa-Far East service provides an 11-day connection between Singapore and Mombasa, compared with other indirect services that take up to 20 days.…

BY MARK ROWE
SINGAPORE’S Changi Airport has sold its stake in New Zealand’s largest airport, contrary to recent speculation that it was seeking to raise its shareholding in Auckland International Airport. Singapore Changi Airport Enterprise said in a statement yesterday that it had sold its 7.1 per cent stake for NZ$107 million, (S$81.3 million).…

BY KEITH NUTHALL
IT was telling that the first step taken by President Bush against Islamic terror groups following the World Trade Centre disaster was to freeze bank accounts. The international community has now responded by agreeing common controls to stop terror groups laundering funds.…

BY KEITH NUTHALL
THE RIGHTS of cosmetic and perfume retailers to sell re-exported products cheaply on the grey parallel market – against the wish of a manufacturer – have been weakened by a surprise European Court of Justice ruling.

It has acted unusually by ignoring a preliminary legal opinion by an ECJ Advocate General, who said that the right of a trademark holder to “control the initial distribution of goods within the European Economic Area,” (the EU, plus Norway and Iceland), was limited when they had been released to a third country.…

BY MARK ROWE
MALAYSIA Mining Corp, (MMC), is to pay US$505 million, (Pounds 360 million/Malaysian ringit 1.9 billion), to purchase a majority stake in Malaysia’s newest port. The 50.1 per cent stake in the Tanjung Pelepas container port is a further sign that the power and engineering group is seeking to diversify its portfolio and reduce its reliance on the mining sector.…

BY MARK ROWE
THE ENGINEERING and power group Malaysia Mining Corp is to buy a US$ 505 million stake in Tanjung Pelepas, Malaysia’s newest port. The company told the Malaysian stock market last Tuesday that it had purchased a 50.1 per cent holding in the country’s newest port in Tanjung Pelepas, in a move designed to expand its infrastructure business.…

BY KEITH NUTHALL
THE AUSTRALIAN government has issued the most comprehensive formal proposal favouring the liberalisation of the shipping industry yet made in the ongoing World Trade Organisation round on services.

Its paper said: “Significant barriers to trade and investment in maritime transport services still exist in many member economies.…