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Business news: the past week in Asia

Date: 05 Feb 2010

Australia holds interest rates steady, while Chinese regulators issue a partial ban on listed firms raising capital from equity markets. Also, India’s government starts its divestment drive, consumer prices plunge in Japan and bidders battle to control Siam City Bank.

Keywords (click to search): [International Air Transport Association] [Reserve Bank of Australia] [Zhu Congjiu] [China Merchants Bank] [China Erzhong Group (Deyang) Heavy Industries] [Taikang Life] [NTPC] [MNC Sky Vision] [Shizuka Kamei]

Leigh Powell
ASIA
Air travel in the Asia-Pacific region outstripped North America for the first time last year, with China emerging as the world’s strongest single aviation market. According to the International Air Transport Association, there were 647 million passenger journeys in Asia-Pacific last year, seven million more than in the US, Canada and Mexico combined. It gave the region more than 25% of the world passenger aviation market. China now has 1,400 commercial aircraft, compared with 540 for Japan.

ECONOMICS
Manufacturing activity soared around the world in January. In the US, the Institute for Supply Management index rose from 54.9 to 58.4, its highest level since August 2004. China also reported record industrial activity for the month (see story), while the purchasing managers indices in India, South Korea and Taiwan also rose strongly. India’s HSBC PMI rose to 57.7 in January, from 55.6 in December.

AUSTRALIAThe...

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