Asia Pacific countries will push for quick action on free trade deals at a summit meeting in Lima, Peru this weekend as an antidote to a looming recession in much of the world.
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BANGKOK - US car giant General Motors Corp (GM) announced a two-month shutdown at its Thai plant on Thursday, the latest move by global automakers seeking to slash costs in the face of weak sales and deepening economic gloom.
(SINGAPORE) Amid a worsening container shipping market, Neptune Orient Lines (NOL) announced a major retrenchment exercise that involves slashing 1,000 jobs or about 9 per cent of its worldwide workforce.
(HO CHI MINH CITY) Indochina Capital and VinaCapital Group, two of Vietnam's biggest investment managers, are raising funds to invest in the nation's property market as the credit crunch hurt local developers.
