Hyundai Motor Co to make 300,000 hybrid cars a year
Seoul: South Korean carmaker Hyundai Motor Co plans to make 300,000 gasoline-electric or diesel-electric powered vehicles by 2015 as demand for more fuel-efficient cars is rising.

Hyundai Motor will develop cars with fuel efficiency 50 per cent greater than current models, the Korean Ministry of Commerce, Industry and Energy said.

Hyundai Motor will begin commercial production of those vehicles in 2009, the ministry said.
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China's trade surplus at record high
Beijing: China's trade surplus in February rose ten times compared to the same month last year, hitting USD 23.76 billion, negating the government's efforts to restore a more balanced foreign trade, latest customs figures have showed.

While exports in February were 51.7 per cent higher than exports in January, imports rose only 13.1 per cent, less than half the previous month's growth rate, data from the General Administration of Customs said.

China's exports touched USD 82.1 billion in February, while imports were valued at USD 58.34 billion for the month. The country's total trade volume in February touched $140.44 bn, up 32.9 per cent from a year earlier.

The trade surplus for February was nearly 50 per cent higher than it was in January, when it had reach $15.88 billion, which was off more than 20 per cent from last December.

China's trade surplus in February 2006 was only USD 2.45 billion.

China's surging trade surplus is a major concern for the country's major trade partners, especially the United States which claims a weak Yuan is a major contributor to the problem.
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Malaysia awarded world's best airport award for 2006
Dubai: Malaysia's Kuala Lumpur International Airport (KLIA) has been named as the World's Best Airport in the 15-25 million passengers per annum category at the Airport Council International's Airport Service Quality (ASQ) Awards 2006.

San Diego Airport in the US and Zurich Airport in Switzerland were at the second and third place in the category. The award presentation ceremony was held here last night in conjunction with the two-day Airport Council International (ACI), Airport Business and Trinity Forum hosted by the Dubai International Airport.

Malaysia Airports Holdings Berhad (MAHB) managing director Bashir Ahmad said the award was very important because it was given by the ACI after its survey on airport services and infrastructure, which gave passengers full satisfaction.
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