In Thursday's Asia papers

20 September 2007 02:00  [Source: ICIS news]

SINGAPORE (ICIS news)--These were the top stories at 1:00 GMT in the following Northeast Asia/ Southeast Asia newspapers on Thursday.

 

These stories have been taken from the Internet editions of the papers. ICIS has not verified these stories and does not vouch for their accuracy.

 

Asahi Shimbun, Japan

Front page

 

Land prices rise in commercial areas

Land prices of commercial areas across the nation rose on average for the first time in 16 years, while prices in residential areas fell, but at a slower rate, according to a government survey released Wednesday. 

 

Tokyu high-rise in Shibuya to accept disaster evacuees

Tokyu will allow 6,000 people stranded in times of disaster to stay at its planned high-rise near bustling JR Shibuya Station in Tokyo in an attempt to get around regulations on floor space.

 

Business & Industry

 

Land prices rise in commercial areas

Land prices of commercial areas across the nation rose on average for the first time in 16 years, while prices in residential areas fell, but at a slower rate, according to a government survey released Wednesday.

 

Dwindling bank note artisans emerge from the shadows

Kazuyuki Doki smiled at the children sitting at their tables trying desperately to perfect their illustrations.

 

China Daily, China

Front page

 

Wipha kills 5, weakens to tropical storm

Typhoon Wipha spared Shanghai and Hangzhou the brunt of its fury but still caused extensive damage in the east coast with torrential rains and strong winds.

 

UNGA rejects Taiwan's UN bid

The General Committee of the the UN General Assembly rejected the so-called "Taiwan's participation in the UN" into agenda.

 

Business & Industry

 

Property investment soars in first eight months
Investment in China's property sector soared to yuan (CNY) 1.43trn ($190bn) in the first eight months, 29% up from the same period last year.

 

China to remain world's largest jet engine buyer
China will still be the largest aircraft and engine buyer in the world two decades from now, according to a report released by Rolls-Royce on Thursday.

 

Taipei Times, Taiwan

Front page

 

Ban `hopes' for Taiwan UN discussion

UN Secretary-General Ban Ki-moon said he hoped the issue of UN membership for Taiwan would be discussed at the 62nd session of the UN General Assembly which opened on Tuesday in New York.

 

`Body in bag' US suspect released

Prosecutors probing a murder after a woman's body was found in a garbage bag in Kaohsiung's Yencheng District on Saturday evening released US citizen David Michael Fillion without bail yesterday morning while his Filipina girlfriend, Armia Panaglima, was ordered detained by Kaohsiung judges on suspicion of murder.

 

Business & Industry

 

HP shipments to beat market growth

Hewlett-Packard, the world's biggest personal computer maker, said Wednesday notebook computer shipments would outgrow the overall market's 28% annual expansion this year, shrugging off a potential impact on demand from the US subprime credit turmoil.

 

UMC halts share trading, starts capital reduction

United Microelectronics (UMC) will temporarily halt trading on the Taiwan Stock Exchange beginning Thursday as the world's second-largest contract chipmaker exercises capital reduction to boost its return on equity for shareholders.

 

Korea Herald, South Korea

Front page

 

Prosecution will focus on Byeon's grant to temple

The prosecution has shifted its investigation to allegations that former presidential secretary Byeon Yang-kyoon pressured the Ministry of Administration and Home Affairs to relay a special government grant to Heungdeok, a Buddhist temple.

 

KOSPI exceeds 1,900 on U.S. interest rate cut

Seoul stocks surged yesterday after the U.S. Federal Reserve cut its benchmark interest rate by a half point to 4.75%, in a move to contain the spreading credit crunch.

 

Business & Industry

 

Developing countries will absorb subprime impact: vice minister

A high-ranking economic policy-maker reiterated Wednesday the government's position that the U.S. subprime crisis will have a limited effect on local financial institutions and added that developing countries will absorb some of the impact.

 

Standard Chartered to buy American Express unit

Standard Chartered Plc, the U.K. bank that derives most of its profit from Asia, agreed to buy the banking unit of American Express for about $860m to gain branch licenses in India and Taiwan and add wealthy clients.

 

New Straits Times, Malaysia

Front page

 

Killer likely lacks remorse

Universiti Malaya Department of Psychological Medicine, Associate Professor Dr Stephen Jambunathan, said the killer was probably someone who could function normally in society, but had an underlying problem that led him or her acting in such a manner.

 

Anwar releases clip of 'judgments being fixed'

Former deputy prime minister Datuk Seri Anwar Ibrahim Wednesday alleged that a senior lawyer, discussed with a top member of the judiciary, how to "fix the judgments" of several cases.

 

Business & Industry

 

Ringgit firmer against dollar

The ringgit closed firmer against the US dollar Wednesday as investors took advantage of a weaker greenback following the cut in US interest rates overnight, dealers said.

 

Tin rises on foreign demand

Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives Bhd closed lower yesterday on profit-taking activities after two days of strong gains, dealers said.

 

Business Times, Singapore

Front page

 

SP Ausnet says to buy Alinta assets for Australian dollar (A$) 8bn ($6.8bn)

Australian infrastructure firm SP Ausnet said on Thursday it has agreed with Singapore Power to buy some assets of energy firm Alinta for A$8.142bn.

 

Japan's big manufacturers more confident in July-Sept

Big Japanese manufacturers were more confident about business conditions in the three months to September compared with the previous quarter, a government survey showed on Thursday.

 

Business & Industry

 

Nikkei opens higher

Japan's Nikkei average opened 0.6% higher on Thursday, led by Fanuc, tracking an extended rally on Wall Street following the Federal Reserve's hefty rate cut.

 

Wall Street rallies for 2nd day after Fed rate cut

US stocks rose on Wednesday as investors extended a rally a day after the Federal Reserve's bold rate cut, betting that lower borrowing costs would keep the economy from slowing further and boost profits.

 

Bangkok Post, Thailand

Front page

 

New Thai army chief appointed

Thailand has its new military commanders in an annual military reshuffle which sees General Anupong Paochinda as the new Army Chief, ending weeks of media speculation.

 

Thaksin slams junta on anniversary

Ousted premier Thaksin Shinawatra wrote a commentary in the Wall Street Journal published on the one-year anniversary of the 19 September coup, accusing the coup makers of mismanaging the economy and failing to prove allegations of corruption against him.

 

Business & Industry

 

Economy set to grow next year, despite expected risks

While the Thai economy looks set to improve in 2008 thanks to a recovery in domestic demand and investment, market volatility and uncertainties remain key risks, says Bank of Thailand governor Tarisa Watanagase. The central bank expects economic growth to range from 4-5% this year, driven primarily by exports.

 

After 40 years, Betagro to list on SET in 2008

Betagro, one of Thailand's major agricultural groups, has celebrated its 40th anniversary by announcing plans to list on the Stock Exchange of Thailand next year to help raise funds for the expansion of its food and farm businesses. The listing application would be filed this year to take advantage of incentives offered by the Securities and Exchange Commission.

 

Jakarta Post, Indonesia

Front page

 

UN initiative could see Soeharto in hot water
Indonesia may become part of an initiative launched Monday by the United Nations to help recover stolen funds embezzled to other countries, the Foreign Ministry said.

 

Regional administration law divided into 3 bills
The government and the House of Representatives have agreed to revise and simplify the 2004 law on regional administration, distributing the law's authority into three separate bills.

 

Business & Industry

 

Look to Japan, parts firms told
Indonesia's growing automotive components industry has the opportunity to tap into the lucrative United States and European markets, but to do so they will need to use Japan to gain better access to these markets, a discussion was told Tuesday.

 

Rising meat prices: Who benefits and who loses?
In a world of increasing uncertainties, size does count.

 

($1=A$1.18, CNY7.51)

 


By: Staff Reporter
+44 20 8652 3214



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