Britain to take action on rising house prices

LONDON: British finance minister George Osborne on Thursday vowed ‘radical’ planning reforms and more powers for the central bank in an attempt to curb the country’s spiralling house prices. Making his keynote speech at London’s Mansion House, the Chancellor of... more »

Mitsubishi eyes minority stake in Alstom

TOKYO: Mitsubishi Heavy Industries is eyeing a minority stake in France’s Alstom, according to an AFP source, after a Japanese media report said it would team up with German giant Siemens to offer US$10 billion for certain energy assets. The... more »

MAHB to turn oil palm land into airport city

MALAYSIA Airports Holdings Bhd (MAHB) plans to convert some oil-palm plantations surrounding Kuala Lumpur’s main air terminal into attractions such as theme parks, concert halls and golf courses to lure businesses and visitors. A factory outlet venture with Mitsui Fudosan... more »

Increasing businesses seen at Labuan IBFC

KUCHING: For the year ending Dec 31, 2013, Labuan International Business and Financial Centre’s (IBFC) leasing business continued to be vibrant with 72 new companies approved, bringing total leasing companies to 312. “The positive trajectory in Labuan leasing business is... more »
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