1 With low oil prices cutting operating costs, AirAsia chief executive Tony Fernandes said the budget carrier is again ready to expand in South-east Asia and is eyeing Vietnam and the Philippines, Reuters reported.
2 The shipping industry is suffering its worst downturn since the 2008 financial crisis, making mergers key to riding out the tough period, China Cosco Shipping Corp said, according to Reuters.
3 Consumer products giant Nestle missed forecasts with a 4.2 per cent rise in annual underlying sales. The group behind Nescafe instant coffee and Kit Kat chocolate bars has been slow to adjust to changing consumer demands in China.
4 SGX-listed China Yongsheng expects to report a loss for the financial year ended Dec 31, owing to a substantial drop in sales volume caused by the slowdown in construction activities.
5 SGX-listed Changtian Plastic & Chemical expects to report a loss for the financial year ended Dec 31, owing to an impairment charge recorded for the group's assets.