03 Apr '11, 7am

Japan disaster to cost Australia US$2.07b in lost trade

Japan disaster to cost Australia US$2.07b in lost trade

SYDNEY: The devastating earthquake and tsunami in Japan will cost Australia some A$2 billion (US$2.07 billion) in lost export earnings, trimming economic growth, Treasurer Wayne Swan said Sunday. Japan is the country's second-largest trade partner after China and the seafloor quake and tsunami on March 11, which left about 28,000 people dead or missing, damaged ports and power stations. Swan admitted it will leave its mark on the Australian economy. "Preliminary Treasury estimates show that the earthquake and tsunami will cut demand for our bulk commodity exports in the short term and likely slash around A$2 billion (US$2.07 billion) from export earnings in 2010-11," he said. "This could subtract less than a quarter of a percentage point from GDP growth this financial year, and comes on top of the half a percentage point impact from the floods and cyclone at home. "Japan's...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

Australia floods costlier than expected

channelnewsasia.com 02 Apr '11, 3am

SYDNEY: Devastating floods could cost Australia up to $8.3 billion in lost coal production, new estimates released on Satu...

Australia PM to visit Japan

channelnewsasia.com 09 Apr '11, 2am

TOKYO: Australian Prime Minister Julia Gillard is to visit Japan later this month, the foreign ministry in Tokyo announced...

Straits Times: Japan thanks US military for disaster relief

Straits Times: Japan thanks US military for dis...

straitstimes.com 04 Apr '11, 5pm

Japan's defence chief tearfully thanked US forces on Monday for their help in the relief effort in the aftermath of the Ma...

Japan PM visits disaster zone

channelnewsasia.com 02 Apr '11, 1am

RIKUZENTAKATA, Japan: Japanese Prime Minister Naoto Kan set foot for the first time in the tsunami-ravaged disaster zone S...

US rep: good progress on Pacific Rim trade talk...

sg.news.yahoo.com 01 Apr '11, 6am

A U.S. trade representative says negotiations for a Pacific Rim free trade agreement made very good progress this week in ...

A 6.2-magnitude earthquake hit on Thur in an area of north-eastern Japan jolted by a massive quake earlier this month

A 6.2-magnitude earthquake hit on Thur in an ar...

straitstimes.com 31 Mar '11, 9am

The epicentre was off the coast of Miyagi prefecture, where a huge tsunami swept away houses and thousands of people on Ma...

Japan, Germany to cooperate on nuclear safety

Japan, Germany to cooperate on nuclear safety

channelnewsasia.com 02 Apr '11, 5pm

TOKYO: Japan and Germany on Saturday said they would work together on international nuclear safety standards, while Tokyo ...

The total cost of the Japan disasters is expected to reach nearly $400 billion, the Japan govt estimates

The total cost of the Japan disasters is expect...

straitstimes.com 23 Mar '11, 2am

A worker looks at blueprints of a building to check its safety in central Tokyo. -- PHOTO: REUTERS TOKYO - THE economic ne...

Australia's @QantasAirways to offload ageing @B...

straitstimes.com 04 Apr '11, 5am

SYDNEY - AUSTRALIAN carrier Qantas has decided to offload its ageing Boeing 737-400 planes, but the airline insisted on Mo...

Social integration, cost of living key priorities: Gan

Social integration, cost of living key prioriti...

channelnewsasia.com 03 Apr '11, 7am

SINGAPORE: Increase the space and facilities to promote social integration - that's one of the areas that residents in the...

Japan disaster sparks social media innovation -...

todayonline.com 01 Apr '11, 1am

TOKYO (AP) - As Japan grapples with an unprecedented triple disaster - earthquake, tsunami, nuclear crisis - the Web has s...

Japan may review its pledge to reduce emissions by 2020 in the wake of the Fukushima nuclear crisis

Japan may review its pledge to reduce emissions...

straitstimes.com 04 Apr '11, 5am

Japan's Prime Minister walks past his spokesperson and Chief Cabinet Secretary Yukio Edano. Mr Edano said the Japanese gov...

Special SQ Economy Class #airfares from Austral...

singaporeair.com 05 Apr '11, 4am

*Conditions apply: Final booking and payment date is 29 April 2011. Fares shown above are return, per person for travel in...

Some couples have disaster honeymoons. This cou...

straitstimes.com 06 Apr '11, 12am

STOCKHOLM - HONEYMOONS aren't always easy for newlyweds, but six natural disasters? When Stefan and Erika Svanstrom of Sto...

Japan seen heading into recession: survey

channelnewsasia.com 05 Apr '11, 4am

TOKYO: The economic fallout from Japan's biggest ever recorded earthquake, a tsunami and a nuclear crisis will push the na...