LG Display's Q4 profit up due to demand from Apple

LG Display, the world's second- largest LCD maker, reported fourth-quarter profit beating market estimates due to strong demand from Apple.
Operating profit was 587.3 billion won (550 million U.S. dollars) in the three months ended Dec. 31, after posting a 154.7 billion won loss a year earlier, the company said in a regulatory filing on Thursday. The profit almost doubled from three months before.

Sri Lanka to open Chinese funded airport in March

Sri Lanka will declare open a Chinese funded international airport in March this year, Sri Lankan Civil Aviation Minister said on Thursday.
Civil Aviation Minister Priyankara Jayaratne said that the airport will be declared open for commercial operations on March 18, becoming Sri Lanka's second international airport.

WEF report suggests ways to rebuild Europe's competitiveness

More reforms are needed to rebuild the competitiveness of Europe, especially in the areas of innovation and entrepreneurship, mobilizing talent and improving market efficiency, said a report released by the World Economic Forum (WEF) Thursday.

Asia to lead property investment by 2030

GROWTH of direct commercial real estate transaction around the world will more than double the 2012 rate by 2030 as investors respond to shifting economic conditions by channeling more capital into commercial real estate, particularly in the Asia Pacific region, a leading international property services provider has predicted.

Mega rich in Chinese mainland to top combined GDP of S Korea, Taiwan

The net wealth of the mega rich in the Chinese mainland will be greater than the GDP of South Korea and Taiwan combined this year, according to Wealth-X, a Singapore-based company specializing in business development solutions for ultra high net worth individuals.

Australia starts to export cherries to China

CHERRIES from Australia have landed on the Chinese mainland for the first time after the country expanded trade cooperation with Australia on agricultural products, officials of the Australian Trade Commission announced today.

Development of cloud computing in China faces obstacles

Local governments in China are scrambling to develop cloud computing parks, yet efforts are being stymied by poor planning, misplaced capital and inefficient infrastructure.
Chairman of China Broadband Capital Edward Tian says initially there was little interest in developing the sector, but enthusiasm has exploded and the place of development has given rise to a number of problems.

Shanghai shares decline as investors pocket profit

SHANGHAI stocks declined today after soaring to an eight-month high as a bout of profit taking offset robust data indicating that Chinese manufacturing may have rebounded to a two-year high in January.
The key Shanghai Composite Index lost 0.79 percent to 2,302.60 points after reaching 2,362.94 points, the highest since May 29. Daily turnover was 135.6 billion yuan (US$21.9 billion).

Taobao Mall expects home appliance transactions to double

TAOBAO Mall, the business-to-consumer shopping site under Taobao, expected transaction at its home appliance marketplace to more than double this year with more consumers shifting to online vendors to buy household appliances.