World Business

Evergreen Marine threatens to lower British flags for Singapore's

Taipei  - Taiwan's Evergreen Marine Corp confirmed Wednesday that it would change the registration of 11 of its container ships from Britain to Singapore if Britain changes its tonnage tax rules.

"If it is implemented, we will let our 11 ships which fly the UK flag to register in Singapore," an Evergreen Marine press officer said.

"But our operation in the UK will not change," she said. "Evergreen's subsidiary, Evergreen Marine UK, and our shipping agent in the UK will continue their operations as before."

Chang Jung-fa - chairman of Evergreen Marine, one of the world's leading container shipping lines - protested the proposed change to Britain's tonnage tax rules in a May

Norway's Telenor boss quizzed over Bangladesh contractors

Oslo  - The board of Norwegian telephone operator Telenor discussed Tuesday the ramifications of a recent television documentary that disclosed poor working conditions for workers hired by Telenor

A380 logs first intra-Asia round trip after diversion

A380 logs first intra-Asia round trip after diversionSin

Italian fashion house Ferragamo eyes Indian market

Salvatore Ferragamo and DLF Florence, Italy  - Italian luxury goods and fashion c

Czech pharmaceutics maker Zentiva reports Q1 profit drop

PraguePrague  - Czech generics drugs maker Zentiva reported Monday a net profit of 469.7 million korun

Japanese company finalizes Cambodian deal with Australian miner

Phnom Penh  - State-owned Japan Oil, Gas and Metals National Corp has formally committed to invest 4.5 million dollars in a joint venture in Cambodia with the Australian gold-exploration company So

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