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Blackmores sees healthy growth in Asia

Blackmores sees healthy growth in Asia Vitamins and herbal medicine producer Blackmores Ltd says its future remains healthy, as it gears up to move into new and potentially lucrative Asian markets. Blackmores announced a first half net profit of $7.4 million, up 8.5 per cent on the previous corresponding period.Its sales increased 10.9 per cent to $72.6 million for the half year. The company said sales from its international businesses, including those in Thailand, Malaysia and Indonesia, were up 23 per cent on last year. Blackmores said it is also seeing improved performance in Singapore after recently changing its distributor there. More: news.ninemsn.com.au

Asia faces jobs crisis that could hit growth

Asia faces jobs crisis that could hit growth Asia is heading towards an employment crisis that could lead to social breakdown and a rapid collapse in growth rates, the Asian Development Bank has warned. The outlines of an Asian employment crisis are already taking shape, Ifzal Ali, the ADBs chief economist, said in New Delhi. Strong economic growth alone will not solve the [regions] problem. The slow pace of job creation even in countries with relatively high growth rates has left 500m unemployed or underemployed in a region with a total labour force of 1.7bn. Another 245m are set to join the

UPS sees strong growth in Asia-Pac

UPS sees strong growth in Asia-Pac United Parcel Service Singapore Pte Ltd (UPS) expects double-digit growth in volume in Asia-Pacific this year against 16% last year, said managing director Mary Yeo. We are confident of achieving the projected number, as we have a strong customer base in the region and we offer a wide range of supply chain solutions, she said after a briefing on the second annual UPS Asia Business Monitor (UPS ABM II) yesterday. UPS ABM II surveyed 1,203 small- and medium-scale enterprise (SME) leaders in Asia on competitiveness issues between Nov 14, 2005 and Jan 10.

UN report cautions Asia-Pacific economies against bubble burst

UN report cautions Asia-Pacific economies against bubble burst The United Nations economic and social commission for Asia and the Pacific (Unescap) has warned the regions governments to protect and prepare against sudden or unexpected market downturns rather than remaining complacent in the current atmosphere of prosperity. Asian countries have to stay alert despite the lull in financial markets recently, says Unescap in a new report titled the calm before the storm: managing the risks of an Asia-Pacific financial downturn. There are a number of new emerging risks which may lead to more stormy weather ahead, the report warns, citing possible

Asia M&A legal champ sees more China deals in 2006

Asia M&A legal champ sees more China deals in 2006 China's mergers and acquisitions market will remain hot in the new year, but the size of individual deals may fall while the number of transactions will likely rise, a top lawyer for Clifford Chance told Reuters. China was non-Japan Asia Pacific's biggest M&A market in 2005, topping Australia for the first time, with $65 billion in total deals, according to market data firm Dealogic. "China we believe will remain very hot and probably be the number one market," Roger Denny, head of Asia M&A for Clifford Chance, said on Tuesday. The size of individual