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Asia-Pacific air travel off to solid start this year

Asia-Pacific air travel off to solid start this year Air travel in the Asia-Pacific region is off to a solid start this year, with passenger traffic growing 4.9 percent in the first two months despite high oil prices, an industry group said Friday. The Kuala Lumpur-based Association of Asia Pacific Airlines said its 17 member airlines flew a total 21.246 million passengers in January and February, up from 20,262 million in the same period in 2004. In January, passenger traffic surged 6.4 from a year ago to 11.08 million but growth eased in February to 4.9 percent on-year to 10.166 million.

Asia Roundup: Marts rebound on Wall St gains

Asia Roundup: Marts rebound on Wall St gains Asian stocks rebounded yesterday in a continued roller coaster ride, with investors taking courage from gains on Wall Street after US growth figures suggested the recent panic over interest rates might be overdone. Dealers said it was a relief to see solid gains after the battering the markets have taken over the past few weeks on fears the US Federal Reserve could hike rates further than expected to dampen growth and inflation. Dealers said investors need certainty above all on US interest rates - let them be up, unchanged or down, it does not matter

Asia-US container traffic surges

Asia-US container traffic surges TRADE between Asia and the US grew at a remarkable pace in the first five months of this year. Recent shipping statistics reveal that the volume of container traffic Box (East and Westbound) between this sector totalled 7.14 million TEUs (20-foot equivalent units) in the January-May period of this year. Eastbound cargo movement from Asia to the US was 5.21 million TEUs in the first five months. The cargo movements from and to China, including Hong Kong continued to increase steadily and accounted for 72 per cent of the eastbound shipment made up of housing-related materials, yarn, fibre

Asia: Japanese brokers post gains

Asia: Japanese brokers post gains "Investor expectations about profit gains at brokerages grew stronger," said Atsushi Osa at Sumitomo Mitsui Asset Management. The Morgan Stanley Capital International Asia-Pacific index rose 1.00 point to close at 126.20. Financial companies like Mitsubishi UFJ Financial Group, the parent of the brokerage house, and Daiwa Securities accounted for 40 percent of the rise. The Nikkei 225 added 240.02 points, or 1.5 percent, to 15,891.02. Japan's imports and exports jumped to records in December, the government said in its report, evidence that both domestic and overseas demand are helping growth. Indexes rose in South

South Asia-KLIA cargo movements record strong growth

South Asia-KLIA cargo movements record strong growth AIR cargo movements between South Asia and the KL International Airport (KLIA) in Sepang recorded remarkable growth last year. The overall cargo traffic at KLIA in Sepang rose to 653,653 tonnes in 2005 compared with 651,746 tonnes in 2004. Almost 90 per cent of the cargo volume handled at KLIA bound from or to the international market, while the remaining 10 per cent or 63,757 tonnes came from the domestic sector. South Asia registered highest growth of 19.1 per cent and contributed close to 40,000 tonnes last year compared with 33,256 tonnes in the previous year. More: