Airlines face margin squeeze due to rising costs: IATA chief

WEIGHED down by a potential weakening of global trade and rising fuel prices, the global aviation industry will generate a lower profit of US$28 billion, down from earlier estimates of US$35.5 billion.

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HSBC riding on strong macro environment, expects to gain market share in next 3 years

HAVING invested heavily in growing its South-east Asian franchise, HSBC Singapore is seeing strong growth across the entire spectrum of its businesses and expects to gain market share in the next three years.

HG Metal opens cut-and-bend fabrication plant in Myanmar

STEEL products maker HG Metal Manufacturing has opened a plant in Myanmar that can produce about 4,000 tonnes of bent, rolled and treated steel per month.