Spend procurement supply chain

Global - The eruption of Icelandic volcano Eyjfjallajokull has cost airlines more than US$1.7 billion in lost revenue in a span of six days.

Japan - Sony Corp is reducing its number of suppliers as an attempt to cut costs.

South Korea - The nation's largest carrier Korean Air has reported reaching the highest sales and profit in the first quarter of this year, thanks to a hike in demand for travel and a strong won.

Global - Corporate travel is poised for growth, with carriers like American Airlines preparing for it by buying new jets and upgrading their business-class cabins.

China - China Southern Airlines has returned to profit for 2009, booking full-year earnings of US$48 million.

Malaysia - Malaysia Airlines (MAS) has ordered up to four Airbus freighters as part of its expansion plan.

Hong Kong - You are responsible for the strategic and growth plans for Hong Kong retail business.

Singapore - Transmile Air, a new cargo carrier, has joined Singapore's Changi Airport Group.

Singapore - Manufacturing Integration Technology (MIT) has received new orders worth S$12.7 million helped by a strong demand in solar and semiconductor equipment.

Global - New shipping companies are eager to tap into the global stock market, but several of them lack the ships crucial for business.