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Indonesia’s Port to rival Singapore’s

Indonesia’s Port to rival Singapore’s

Bitung – part of Indonesia’s masterplan for growth (14 Aug) - Bitung Port in Indonesia has been operating since 1955 – but thanks to the Indonesian government’s overall masterplan, it may well become an international hub port by 2015, helping to ease traffic through overburdened Singapore. The port argues that it... 

China’s ghost towns and phantom malls

China’s ghost towns and phantom malls

Weeds cover a deserted theme park north of Beijing (13 Aug) - As growth slows, China's huge investment in infrastructure is looking ever harder to sustain, leaving a string of ambitious projects - towns, shopping malls and even a theme park - empty and forlorn. "We have spoken a lot about these ghost towns in Ireland and... 

StandChart agrees settlement with NY regulator

StandChart agrees settlement with NY regulator

Standard Chartered has agreed a $340m (£217m) settlement with New York regulators that accused it of hiding $250bn of transactions with Iran. (14 Aug) - The hearing that had been scheduled for Wednesday has now been adjourned. The British bank's chief executive Peter Sands has been in New York negotiating with the regulators. It... 



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