Melbourne (ANTARA News/Asia Pulse) - A controversial A$260 million (US$240.01 million) redevelopment of Melbourne\'s historic Windsor Hotel has been approved. The project - at the centre of a leaked email scandal - has been given the green light, with minor conditions.
Economic & Business
Asian Airlines see merchandising as key strategy: survey
Singapore (ANTARA News/Asia Pulse) - Airlines across the Asian region will be stepping up their efforts to capture new revenue growth through ancillary revenue, a survey has found.
Japan`s Funai Electric to assemble LCD panel modules in China
Tokyo (ANTARA News/Asia Pulse) - Funai Electric Co. (TSE:6839) is moving some assembly procedures for LCD televisions equipped with LED backlights to China in a bid to cut costs and boost its competitiveness.
Indonesia`s Semen Gresik to invest US$765 mln in projects
Jakarta (ANTARA News/Asia Pulse) - Indonesia\'s PT Semen Gresik (JSX:SMGR) said it will invest around US$765 million to build two new cement factories and a power plant in the next two years.
Vietnam inaugurates multinational oil & gas consortium
Hanoi (ANTARA News/Asia Pulse) - A multinational private oil and gas consortium (SAONAM PETRO), the first of its kind in Vietnam, made its debut in Hanoi on March 16.
Baker Hugher signs oil Drilling and Well Services jv with PetroVietnam
Hanoi (ANTARA News/Asia Pulse) - PetroVietnam Drilling and Well Services Joint Stock Corp. (PVD) signed a cooperation contract with the US-based Baker Hughes in Hanoi on March 16 to set up a joint venture in Vietnam.
Seoul to spend US$17 mln annually to back LED lighting research
Seoul (ANTARA News/Asia Pulse) - The South Korean government said today it will invest 20 billion won (US$17.7 million) every year until 2012 to support the development of energy efficient light-emitting diode (LED) products.
Aust cos BOC and QGC ink US$92 mln deal to build new LNG plant
Brisbane (ANTARA News/Asia Pulse) - Two major Australian gas companies, BOC Australia and QGC, have signed an A$100 million (US$92.31 million) agreement that will see the construction of a multimillion dollar liquified natural gas plant west of Chinchilla, Queensland, with work expected to start early next year.
Aust co Quickstep inks supply deal for Joint Strike Fighter parts
Canberra (ANTARA News/Asia Pulse) - Perth-based advanced materials company Quickstep (ASX:QHL) has signed a A$700 (US$646.2 million) million manufacturing licence agreement with US aerospace company Northrop Grumman to supply parts for the Lockheed Martin F-35 Joint Strike Fighter (JSF).
Economy to grow 5.5 pct in first semester 2010 : economist
Indonesia`s economic growth in the first semester of 2010 is estimated to reach 5.5 percent, driven by the consumption sector, an economist said.
