27/1 Iceland govt toppled amid…
27/1 Iceland govt toppled amid financial mess after banks collapsed under debts amassed during years of rapid expansion, says AP report
23/1 S&P lowers corporate rati…
23/1 S&P lowers corporate rating on Titan Chemicals to BB- from BB due to weakening operating performance, remains on Creditwatch Negative
Intel to close 2 plants in Penang
KUALA LUMPUR: Intel Corporation plans to close two existing assembly test facilities in Penang under the restructuring of its manufacturing operations.
Intel said in a statement on Thursday it was restructuring some of its manufacturing operations and align its manufacturing capacity to current market conditions.
The chip maker said it would consolidate and streamline some older capacity [...]
Idle containership fleet grows to 255 vessels - 675,000 TEU
THE level of idle containerships has risen to historic highs, with 675,000 TEU, or 5.5 per cent of the global fleet now idle, according to AXS-Alphaliner News.
This figure translates into around 255 container vessels by Alphaliner’s last count to January 19, up from around 550,000 TEU two weeks earlier. Of these, 148 ships are [...]
jan 22: Nymex crude oil jumped…
jan 22: Nymex crude oil jumped USD2.71 to USD43.55 a barrel.
jan 21: CPO -RM36 to RM1,823 y…
jan 21: CPO -RM36 to RM1,823 yesterday’s closing. Crude oil gained USD2.23 to USD38.74 a barrel.
2009 CNY road ban
Ministry of Transport’s circular on subject from 24th Jan to 25th Jan and 31st Jan to 1st Feb. 4 categories of heavy vehicle has been defined with the time it’s banned from the road indicated. Permission for heavy vehicle on the road during this time is to be applied and reviewed case to case by [...]
Asia-Europe rates hit zero - shippers only pay for bunker
ASIA-EUROPE spot container freight rates are said to have plummeted for the first time to zero dollars, with cargo owners paying for bunker to so carriers can a major operational cost.
According to unidentified industry sources in Singapore, an increasing number of containers were being shipped from Asia to Europe at a freight rate of [...]
Aust to record zero GDP growth in 2009
SYDNEY: The Australian economy is forecast to record zero growth this year as the global credit crisis stifles business activity, a report says.
Dun and Bradstreets (D&B) economic & risk outlook report says Australian real gross domestic product(GDP) would slow to zero through this year, from an estimated 1.9% last year.
Australian real GDP was expected to [...]
