08 September 2006 02:49 [Source: ICIS news]
Scholar blasts Koizumi in Cabinet e-mail magazine
A noted scholar used the Cabinet's e-mail magazine to severely criticize Prime Minister Junichiro Koizumi, saying his visits to Yasukuni Shrine have “paralyzed” Japanese diplomacy in ?xml:namespace>
In the e-mail magazine Thursday, Makoto Iokibe, president of the
Justice Ministry eyes system to allow crime victims to question suspects in court
The Justice Ministry is pushing for legal changes to let crime victims directly question the suspects during their criminal trials, a move opponents say could hamper efforts to prevent false accusations.
The ministry is also seeking revisions to allow the rulings in criminal cases to be used in compensation lawsuits filed by the victims.
Business & Industry
Trucking companies plan surcharges to cope with higher oil prices
Trucking companies struggling with declining profits are beginning to introduce the first surcharge in the industry to counter surging crude oil prices, sources said.
Three trucking companies in
FSA draft bills would increase borrower burden
Draft legislation drawn up by the Financial Services Agency will hurt many debtors rather than help them--which was the original purpose of the revisions to moneylending laws.
The FSA presented its proposed changes to a joint panel of the ruling Liberal Democratic Party's Research Commission on the Finance and Banking Systems as well as the Judicial Affairs Division on Tuesday.
The World Bank and the International Finance Corporation (IFC), the private sector arm of the World Bank Group, which produced the ranking, praised the nation for speeding up economic reform.
Military officers for crash punished
Three People's Liberation Army officers, including the deputy commander of the Nanjing Military Region, Jiang Jianzeng, were given demerit points, a penalty considered a disgrace that damages prospects for promotion, Xinhua news agency said, citing the Central Military Commission.
Business & Industry
Advertisers warned against using leaders for promotions
Chinese authorities are to examine advertisements for illegal representations of the words and images of government leaders being used for commercial promotions, the State Administration for Industry and Commerce (SAIC) said in
The inspection will focus on shopping malls, franchise houses and restaurants that may display words and photos of government officials to underline the credibility of their products and possibly mislead their customers.
Foreign investors send back profits of $57.94bn
Vice Minister of Commerce Yi Xiaozhun made the remarks in
DPP lawmaker voices concerns over agricultural ties with PRC
A public hearing on agricultural exchanges between the Taiwan Strait yesterday discussed great concerns about the People's Republic of
Democratic Progressive Party Legislator Wu Ming-min yesterday held the public hearing entitled, “Who is harmed and who is benefited in the agricultural exchange between the strait?”
Shih advocates non-violent policy for rally
With the “Anti-Chen” sit-in rally set to start this weekend, the principle organizer of the event, Shih Ming-teh, had a few words to say at a press conference yesterday, which was named “A Million Voices Against Corruption, President Chen Must Go.”
Business & Industry
Between 2002 and 2005, the production value of
“Doing Business 2007: How to Reform,” which was published on Wednesday, lists
The ruling Uri Party yesterday spearheaded a parliamentary movement accusing the government of violating the constitution in pursuing a free trade agreement with the
Joined by a group of opposition party members, but not including any from the GNP, 23 lawmakers filed for the
US put the brakes on NK missile sales
Business & Industry
The Bank of Korea held its benchmark interest rate unchanged at 4.5% yesterday, in a move widely expected by the markets given concerns of an economic downturn.
In announcing the rate freeze, BOK Governor Lee Seong-tae tried to assure that Asia's third-largest economy is still growing albeit modestly.
Small cars in overdrive
Maruti Udyog (MUL) will launch a new compact car by 2008-9 and invest an additional Rs30m ($650,280) till 2010. Code named A Under(A-), sources said the car would be priced at around Rs4lakh with an engine capacity of 1,000-1,200cc. Nissan is believed to be providing major inputs for this car.
Maruti plans to invest a total of Rs30m more — it has already committed to investing Rs60m by the end of the decade — in its existing facilities at Gurgaon and the new unit at Manesar, including the diesel engine plant.
Reliance Comm seeks pan-India GSM spectrum
In a move towards a nation-wide GSM service platform, Reliance Communications today applied to the department of telecommuications (DoT) for radio frequencies in the 1800MHz band for operating mobile networks in 14 circles all over the country
In February, the company had applied for GSM spectrum in markets like
Companies & Industry
UB in talks with Russian vodka firm for tie-up
As part of its overseas foray, the $2bn spirits major UB group is in talks with Russian premium vodka manufacturer Roust Group for a possible tie-up in
Once the tieup is finalised, Russian standard manufacturers will distribute UB group brands in
Kingfisher Airlines to offer mall experience onboard
The UB group is planning to introduce mall experience, called Air Boutique, in Kingfisher Airlines, its full service airline, even as it initiated the feasibility study for its retail foray.
A passenger can place orders onboard for a range of personal products, travel accessories, home care and Kingfisher Airlines-branded merchandise, which are not available at regular retail points.
Economists more bullish about S'pore's growth
Private-sector economists are more bullish over Singapore's growth prospects than they were last quarter, raising their median GDP forecast to 7.1% this year, up from a 6.7% forecast in June.
A Monetary Authority of Singapore (MAS) survey of 19 economists revealed an optimistic outlook for the economy, with median forecasts for almost all industries being revised upwards for 2006 as a whole.
Are Mickey and friends coming our way?
The battle for
CapitaLand is already in the running for the Sentosa integrated resort with partner Kerzner International. But Genting International, which is also bidding for the Sentosa site, upped the stakes by saying it would build a Universal Studios theme park comparable to the one in Los Angeles if it wins the contest.
Chartered, STATS ChipPAC shares fall on divestment report
Shares of chip maker Chartered Semiconductor Manufacturing Ltd and semicon test and packaging firm STATS ChipPAC fell yesterday after a Financial Times (FT) report said Temasek Holdings may sell its stake in the companies.
However, in response to a Business Times query on whether the
CapitaLand may invest in
CapitaLand, South-east Asia's biggest developer, plans to invest in projects in
The Singapore-based developer, which owns the biggest chain of serviced apartments in Asia and Europe, said its team which visited
Tighter security at Hat Yai hub
Police have tightened security in Hat Yai, the Thai South's largest and busiest commercial and shopping hub, following intelligence warnings of insurgent attacks expected 16–20 September, the period marking the anniversary of the founding of the Pattani Islamic Mujahideen Movement.
Hat Yai is the main city of
Senators to reconvene for three days for EC selection
A royal decree has been passed to open the Senate for three days from today to accommodate the selection of five election commissioners. The Upper House reopens today after little more than a week of closure. The Senate did not have enough time during the previous session to elect the election commissioners so it must reconvene the meeting this time to complete its task.
A separate decree is also issued for the closure of the new session on Sunday, meaning the Senate has two days in which to choose the commissioners although their selection is expected to finish today.
Business & Industry
State revenue for 2006 projected to be B24bn below target
Government revenue in the first 11 months of fiscal 2006 was Baht12.5bn ($334m) below the target, according to Somchai Sujjapongse, the deputy director-general of the Fiscal Policy Office. Revenue, after tax rebates from 1 Oct, 2005 to 31 Aug this year was Baht1.262trn, or 1% under the target set under the 2006 budget, but 5.8% higher than in the same period of the 2005 fiscal year.
The Finance Ministry recently reported to the cabinet that revenue this year, originally targeted at Baht1.36trn, was likely to fall at least 24bn below the target due to slowing economic growth and shortfalls in tax collections.
Challenge to PTT status as listed firm sparks sell-off
Thai stocks fell 1.34% yesterday, led by a sell-off of PTT Plc on investor worries over the energy giant's future status as a listed company.
The Stock Exchange of Thailand index closed at 692.56 points, down 9.4, in thin trade worth Baht9.31bn. Energy stocks led trade, falling 3.27% on the day, while banks fell 0.34% and property 0.16%.
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