Fuel shortage starts to hit petrol pumps Tuesday, May 13, 2008 By Saad Hasan KARACHI: Refineries and oil marketing companies (OMCs) will meet in two days to review a demand of oil suppliers...

KUALA LUMPUR, May 13 (Bernama) - Lembaga Tabung Haji expects the setting up of a new investment company with two other partners to be finalised within a month. The new company will seek...

KUALA LUMPUR, May 13 (Bernama) -- A common understanding and acceptance of the rules and standards is required to forge closer linkages among the global Islamic financial markets, Bank Negara...

KUALA LUMPUR, May 13 (Bernama) -- Bank Simpanan Nasional (BSN) has teamed up with Eternal Eyewear (M) Sdn Bhd (E&E) to allow the public to buy optical products and at the same time have the...

KUALA LUMPUR, May 13 (Bernama) -- Shell Malaysia Trading Sdn Bhd (Shell) is aiming to open another 40 petrol stations this year, either on its own or built by dealers. The average investment...

MUMBAI: Rupee dropped to a 13-month low on Tuesday, weighed down by concerns a slowing economy would result in less foreign inflows while uncertainty about global oil prices prompted refiners to ...

KUALA LUMPUR, May 13 (Bernama) -- The Ministry of Entrepreneur and Cooperative Development expects contracts worth RM16 billion to be given out by the Government Linked Companies (GLCs) to vendor...

KUALA LUMPUR, May 13 (Bernama) - The World Halal Forum 2008 ended Tuesday with the resolution to adopt the International Halal Integrity Alliance to develop, implement and maintain a global Halal...

The two companies' executives at the press conference. From left, Hidetoshi Yoshida, who is to assume the next presidency of JVC, Kunihiko Sato, current JVC president to become the new holding...

Planex Communications Inc will launch the "PL-35STU-500" external HDD in late May 2008. The PL-35STU-500 is bundled with software dubbed "Dohga Bannou (Video Versatility)," which...

Hyundai Motor Co of Korea unveiled its new eight-seater van "i800" for the European market. It is the European version of "Starex," which is sold in Korea. The new van is...

NEW DELHI: Petroleum Minister Murli Deora on Tuesday ruled out fuel price increase, for now. Instead, he sought oil bonds from Finance Ministry to cover 57.1 per cent of the total Rs 77,000 crore ...

MUMBAI: Indices ended sharply lower on Tuesday tracking weak European market. Oil & gas and IT scrips were among the major losers. Bombay Stock Exchange's Sensex ended at 16,707.50, down...

Rohm Co Ltd has developed a wireless LAN (WLAN) transceiver module. Sample shipments will start in May 2008. Rohm has developed a WLAN base band LSI before, but this was the company's first WLAN...

Reliance Communications and Alcatel-Lucent have formed a global joint venture (JV). Both companies will foray into the fast growing US$16 billion managed network services industry and will cater to...

Audience announced that its voice processor, based on the intelligence of the human hearing system, powers NTT DoCoMo's mobile phone, the Sharp SH705iII, released in April. The Audience A1010,...

Tata Communications and Sonus Networks Inc have unveiled plans for the strategic expansion of Tata Communications' global voice network. In addition, Tata Communications will deploy Sonus' network...

JOHOR BAHARU, May 13 (Bernama) -- MSC Cyberport Sdn Bhd will develop an MSC Cyberport, the first Malaysian Cybercity, at Indah Pura in Kulai, which will be a city under Iskandar Malaysia, Johor...

Toshiba Matsushita Display Technology Co Ltd (TMD) has developed a color active-matrix thin-film transistor (TFT) LCD module product lineup for industrial applications that incorporates long-life LED...

Freescale Semiconductor, Fujitsu Microelectronics Ltd and Alpha Systems Inc have co-developed a digital media server (DMS) development platform that enables real-time transcoding of video content. ...

KUALA LUMPUR, May 13 (Bernama) -- The Construction Industry Development Board (CIDB) is working with the Public Works Department (JKR) to implement the National E-Tendering Initiatives (NeTI) program...

KUALA LUMPUR, May 13 (Bernama) -- The government is confident that private consumption spending will continue to be strong and capable of balancing up the country's economic growth this year amid...

KUALA LUMPUR, May 13 (Bernama) -- Malayan Banking Bhd (Maybank) expects about 120 corporations to use its new online zakat payment service through Maybank2e.net in the next 12 months, its executive...

KUALA LUMPUR, May 13 (Bernama) -- Halal Development Industry Corp (HDC) has appointed Tamadam Bonded Warehouse Bhd to formulate a logistic framework for the implementation of logistics infrastructure...

KUALA LUMPUR, May 13 (Bernama) -- National oil company Petronas paid out a total of RM26.839 billion in royalties to the Federal Government and the state governments of Terengganu, Sabah and Sarawak...

KUALA LUMPUR, May 13 (Bernama) -- Share prices on Bursa Malaysia were easier at midday today on mild selling pressure, mainly in the plantation stocks as investors sold down shares following weaker...

Two major Australian banks today agreed to a proposed merger which would create the nation's biggest financial services group worth around $66 billion (Australian dollars). The country's...

By Reuters Two more American aid flights were due to leave for cyclone-hit Myanmar on Tuesday where the reclusive military government is keeping most foreign aid workers away from the devastated...

TOKYO -- A senior Toyota executive said Monday that plans for a new auto assembly plant in Mississippi are being delayed by worries about slumping American auto sales and a broader U.S. economic...

TOKYO -- A senior Toyota executive said Monday that plans for a new auto assembly plant in Mississippi are being delayed by the credit crisis in the U.S. and worries about American auto...

Following a miserable 2007, the global DRAM module market is expected to rebound gradually in 2008 due to the projected recovery in the overall memory industry, iSuppli Corp predicts. "Last...

Tuesday, May 13, 2008 By our correspondent LAHORE: The Lahore stock market moved up by 61 points despite a widening rift between major partners in the coalition government that gave credence to...

Tuesday, May 13, 2008 By Faryal Najeeb KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Housing and Construction Industry has announced its...

Tuesday, May 13, 2008 By Mehtab Haider ISLAMABAD: Tax authorities have found that 4,000 corporate sector returns showed an income of only Rs100,000 during the current fiscal year, indicating...

Tuesday, May 13, 2008 By Jawwad Rizvi LAHORE: The Rice Exporters Association of Pakistan is ready to bail-out the government from the current rice crisis by providing 200,000 tonnes of rice to...

Tuesday, May 13, 2008 ISLAMABAD: Federal Minister for Finance, Revenue and Economic Affairs Senator Muhammad Ishaq Dar here on Monday warned foreign exchange speculators that they will burn their...

Tuesday, May 13, 2008 LONDON: Oil retreated below $125 a barrel on Monday in volatile trade that saw it briefly hit an all-time high earlier in the session.US light crude, down more than $2 at one...

Tuesday, May 13, 2008 JAKARTA: Indonesian palm oil prices rose on Monday, bolstered by a 3.7 per cent jump in Malaysia crude palm oil futures, but dealers said higher prices triggered cautious...

Tuesday, May 13, 2008 MILAN: World rice output is expected to hit a record high this year, but growing demand and export curbs should keep prices high, at least in the short term, the United...

Beginning August 2008, Air New Zealand passengers on board thirteen A320 and five B767 aircraft will experience a quantum leap improvement with Panasonic X Series in-flight entertainment (IFE)...

With their assembly issues firmly in the past, Airbus is celebrating a successful European test flight of the first A380 superjumbo for Qantas. The ongoing delays on deliveries seem to finally have...

NEW DELHI: Rural Electrification Corporation, a Central PSU under the ministry of power, has been conferred with the navratna status by the ministry of heavy industries and public enterprises. ...

NEW DELHI: Flagship generation utility NTPC will plough 0.5% of its distributable profit - roughly Rs 30 crore - every year to fund in-house or institutional research programmes for developing...

KOZHIKODE: Steel Authority of India Limited (SAIL) has signed a memorandum of understanding with the government of Kerala for revival of the loss-making Steel Complex Limited (SCL), a 50,000 ...

NEW DELHI: The government, already struggling to control inflation, got some more bad news on the economic front on Monday. The latest data on industrial production shows that it grew by a measly ...

NEW DELHI: State-run Bharat Heavy Electricals on Monday said it would set up Integrated Coal Gasification Combined Cycle (IGCC) power plant at Vijaywada with Andhra Pradesh Power Generation ...

NEW DELHI: Here's a competitor for Tata Motor's small car Nano. Renault-Nissan head Carlos Ghosn and Bajaj's Rajiv Bajaj unfolded their joint venture plan on Monday, announcing a low-cost car at ...

NEW DELHI: Bharti's Sunil Mittal is likely to stumble upon several critical regulatory minefields in his adventurous African safari to acquire MTN's telecom business across 21 countries. The bid, ...

India has notified taxes on overseas sales of steel products and basmati rice to bolster domestic supplies and help curb the fastest inflation since 2005. The government notified the Rs 8,000 ...

NEW DELHI: Ranbaxy has signed a collaboration agreement with US-based Merck for drug discovery and clinical development in anti-infective drugs. Ranbaxy and Merck will work together to develop...