Business News Archive - July 07, 2008

White House Press Office 1-202-456-2580 Windsor Hotel Toya Resort and Spa; Toyako, Japan; 5:13 P.M. (Local) PRIME MINISTER FUKUDA: (As translated.) We had a very substantive meeting with President Bush for about an hour.

China Eastern Airlines has become the first People's Republic of China aviation company approved to set up an office in Taipei, an airline official said Sunday. The airline will provide charter flight services from Taiwan to mainland China, the state-run Xinhua news agency reported.

By David Koenig The Associated Press DALLAS - The computer screen on Scott Topping's desk at Southwest Airlines flickered with row after row of dates and numbers, but they had nothing to do with arrivals and departures.

By Sharen Kaur UNITED U-LI Corp Bhd, a maker of light fittings and cable support system, aims to set up a plant in Vietnam in three years, the first such venture outside Malaysia. Group managing director and chief executive officer Datuk James Y.W.

The American public needs to understand some basic facts about oil and gas drilling in the United States. Exploration wells are drilled where the technology indicates there may be a good oil or gas field.

By Sebastian Abbot KHURAIS OIL FIELD, Saudi Arabia -- This massive oil field surrounded by the desolate sands of Saudi Arabia's vast eastern desert feels like the middle of nowhere.

By A. Kathirasen IN the book Power Builds The Nation, writer Muzaffar Tate says: "If Ramanath had had his way, Malaysia today would already possess its first nuclear power station, sited most probably at Lumut or Port Klang." Tate was referring to A.

By Zainuddin Muhammad PULAU PERHENTIAN: While the operators of 24 resorts and chalets on Pulau Perhentian Besar are resigned to having to rely on generators for power, 19 resort owners on Pulau Perhentian Kecil are hoping for a lifeline in the form of power supply from Tenaga Nasional Berhad.

By Veena Babulal IPOH: Ten days after the announcement of talks to resolve the issue of credit card charges, petrol station operators are still waiting for the good news.

Malaysia is blessed to have oil below the sea and onshore. Both crude and palm oil are trading at record-high prices, and contributing significantly to the economy. Business Times interviews Malaysian Palm Oil Council chief executive officer Tan Sri Yusof Basiron.

Word of the Day
  • The act of burning, scorching, or heating to dryness; the state or being thus heated or dried.
  • In medicine, cauterization.
The word 'adustion' comes from the Latin 'adustio', 'burning'.