19 September 2006 02:53 [Source: ICIS news]
Countdown to 20 Sept: Diplomats chasing all snippets on Abe
Chief Cabinet Secretary Shinzo Abe is definitely the man of the moment.
With his election as next Liberal Democratic Party president seemingly assured, diplomats in ?xml:namespace>
Typhoon No 13's deadly landfall
The 13th typhoon of the season rolled over southern prefectures Sunday, flooding rivers, damaging homes and trains, and killing at least eight people.
The storm made landfall near
Business & Industry
3 banks follow US in sanctions on
Russians stealing crab, selling spoils in northern ports
In a further twist to already strained debate over Russo-Japanese fishing rights, fishermen at the northern tip of
More peacekeepers heading to Lebanon
The nation will increase the strength of its peacekeeping force in
75th anniversary of invasion marked
Watching a historical film. Visiting museums. Shutting down businesses for the day. These were among the many ways people across the country yesterday marked the 75th anniversary of the ’18 September Incident’, which signalled the start of
University students nationwide were offered half-price tickets to Tokyo Trial, a movie released earlier this month by Shanghai Film Group Corporation.
Business & Industry
IMF plans to boost bigger say for China
A plan by the International Monetary Fund (IMF) to boost
The 184-member institution plans to adjust its existing structure by immediately boosting the quotas of
New vision sought for community health care
Improvement in community health care and the establishment of a universal health care system are key to revamping the country's troubled system, experts said over the weekend.
More than 300 senior officials, researchers and representatives from different sectors of the nation's health care industry gathered at Shanghai-based
Examination Yuan President Yao Chia-wen revealed at a press conference yesterday that he has continued to communicate with the Legislative Yuan since lawmakers froze the top government branch's 2006 budget in January.
“The communications were made in an attempt to persuade the lawmaking body to recall the budgetary blockage”,
Premier Su's job said to be safe for now
Opposition party Kuomintang appears unlikely to initiate a proposal to recall Premier Su Tseng-chang anytime soon, though some of its legislators said they would join hands with the People First Party in pushing this issue when the Legislature meets today for another three-month session.
Legislative Speaker Wang Jin-pyng said KMT Chairman Ma shares his view that the opposition parties would not necessarily benefit from Su's resignation from the premiership, as it may give President Chen an excuse to dissolve the Legislature according to the Constitution.
Business & Industry
Group licensed for $1bn steel project in
Tycoons Worldwide Steel Vietnam, a subsidiary of the Taiwanese giant, is to build a steel refinery and rolling mill with a capacity to process five million tons of steel ingots a year.
Taiex gains sharply on easing political woes
The market welcomed the fact that there were no major incidents during pro- and anti-President
The plan is part of a series of projects to attract more tourists to the capital. Insa-dong is a center for Korean antiques and artworks and one of the city's most popular destinations with foreign tourists.
Brokers to be quizzed over gaming scandal
Prosecutors said yesterday they will subpoena brokers accused of delivering kickbacks to politicians and government officials in exchange for allowing certain gift certificate providers to operate in nationwide arcades.
Prosecutors have been tracking down the bank accounts of a few brokers related to the recent gaming scandal. They have acquired evidence that tens of millions of won had been deposited last year to a bank account belonging to a high-ranking official at the Korea Game Development and Promotion Institute, they said.
Business & Industry
Corporate pension assets to fuel market expansion
“In the long term, corporate pension assets will expand enormously, driven by a strong growth of the 'defined contribution' type schemes,” Kim Jae-chil, a researcher at the Korea Securities Research Institute, said in a study published in the latest edition of the Capital Market Forum, a Korean-language quarterly magazine.
Interest rates on mortgage loans on the decline
Commercial lenders' interest rates on mortgage loans are falling amid expectations the central bank will end its high interest rate policy in the coming months to boost the slackening economy.
Kookmin Bank, the country's largest lender, yesterday lowered rates on housing loans by 0.04 percentage point, the biggest cut in 11 months.
ONGC, OilIndia to hog new licences
Government-owned oil companies are expected to walk away with the largest chunk of the 55 oil and gas prospecting licences put up for auction last week, according to a preliminary analysis of the bids.
Oil and Natural Gas Corporation (ONGC) could bag 18-24 blocks, followed by OilIndia with 7-10 blocks. Private sector refining and petrochemicals major Reliance Industries is likely to get 5-6 blocks while Essar Oil could end up with 2-3 blocks, according to numbers crunched by various analysts.
PMO queries merger of Indian, Air-India
The Prime Minister’s Office (PMO) has objections to the civil aviation ministry’s proposal to merge the two state-owned carriers, Indian Airlines and Air-India, into a holding company with two operating divisions.
According to a composite note prepared by the PMO, which includes comments from the finance and commerce ministries, the proposal in its current format is not viable because the two airlines were set up for different purposes and a merger will weaken their position in the domestic and international markets.
Companies & Industry
Reliance Life to set up Rs5m data centre
Moving ahead with its plan to become a fully integrated player in the global clinical research space, the Mukesh Ambani promoted Reliance Life Sciences, is setting up a world class clinical data management (CDM) centre at
The centre, which will have a team of 100 scientific and software professionals initially, will handle inhouse projects as well as client-based global outsourcing projects. The
Videocon to set up 9 SEZs
The Videocon group is on a roll. While it’s already within striking distance of the largest overseas acquisition by an Indian company, Videocon’s activity on the domestic front is no less spectacular.
Videocon is setting up nine special economic zones (SEZs) in Maharashtra, West Bengal,
And separately, the World Bank will address corruption as a priority to ensure loan dollars desperately needed by poor countries do not go missing.
August exports growth comes in below expectations again
The NODX in August rose just 2.6% from a year ago - against private sector economists' forecasts of 7.8-15.5% - dragged down largely by a hefty fall in pharmaceutical shipments, according to the latest trade figures released yesterday by International Enterprise
Creative steals a march on Microsoft
Creative's freshly unveiled Zen Vision W player is a hand-held device featuring an 11cm screen and software to link with the Unbox online digital movie sales and rental service launched by online retailer Amazon earlier this month.
Chemoil Energy hits the road with $374m IPO
Marine fuel supplier Chemoil Energy kicked off roadshows yesterday for an initial public offering worth up to $374m, the second-biggest IPO in
A source close to the deal told Reuters on Saturday a total of 439.49m shares - equivalent to 30% of the enlarged share capital - would be sold in the IPO at an indicative price range of $0.65 to $0.85 a share.
Court drops foreigner's case against PM
A Thai court has dropped a case in which an American businessman filed a criminal lawsuit accusing
Dispersing some of the dark clouds on Mr Thaksin's horizon, the court handed down its decision that the statue of limitations on the case had expired and indicated that it thus closed the book on the case.
School mourns terrorist bomb victim
SONGKHLA - Fellow teachers and students at
Five bombs exploded in central Hat Yai,
Business & Industry
Relations still strong in spite of violence
The ongoing violence in southern
“Malaysian businesses do not just need to look at those southern provinces, as
Regional integration can help drive costs down, say central bankers
Zeti Akhtar Aziz, the governor of
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