In Monday's Asia papers

24 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 Monday.

 

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

 

Fukuda wins LDP presidential election

Yasuo Fukuda, who easily won the Liberal Democratic Party's presidential election Sunday, will become Japan's next prime minister.

 

From samurai armor to meat, prefectural products find home in Tokyo

Prefectural governments have concluded that they need the capital to make capital.

 

Business & Industry

 

Mitsui Fudosan eyes Imperial Hotel

Mitsui Fudosan is set to acquire a 33% stake in Imperial Hotel from Cerberus Capital Management of the United States, sources said Friday.

 

Bic Camera and Best Denki to link up

Electronics retailers Bic Camera and Best Denki said Thursday they will join forces to develop products and share distribution and maintenance facilities.

 

China Daily, China

Front page

 

China bows out with head held high

China failed to qualify for the semifinals of the Women's Soccer World Cup after a narrow 1-0 loss to Norway on Saturday.

 

Yang, Rice meet on bilateral ties

FM Yang Jiechi and his US counterpart Condoleezza Rice met on the sidelines of the UN General Assembly session.

 

Business & Industry

 

CSI to launch governance index
China Securities Index said Saturday that it is preparing to launch a new index on the governance of China-listed companies.

 

China's social security fund hits yuan (CNY) 400bn ($53.3bn)
The value of China's social security fund had reached CNY400bn by the end of June this year.

 

Taipei Times, Taiwan

Front page

 

Fukuda to be Japanese prime minister

Japan's ruling party on Sunday chose moderate political veteran Yasuo Fukuda as the country's next prime minister, seeking safe hands after a disastrous year under conservative Shinzo Abe.

 

UN plans to open new office in Baghdad

The UN secretary-general said the world body plans to open a new office in Baghdad to encourage cooperation between Iraq and its neighbors, but voiced strong concerns about the continuing security problems in the country.

 

Business & Industry

 

Keep NT dollar stable: US economist

Taiwan should keep its currency stable against its US counterpart in order to prevent capital outflows, while the US subprime mortgage problem and its impacts on world financial markets may have been exaggerated, a Nobel laureate said over the weekend.

 

Concerns linger over credit crisis

Wall Street brokerages put on a united front last week when it came to the credit crisis, saying that the worst was in the past and that business is going to improve.

 

Korea Herald, South Korea

Front page

 

Sohn returns to primary with apology and resolve

Putting an end to escalating speculation that he may drop out of the liberal party's primary race, presidential hopeful Sohn Hak-kyu on Sunday announced his return to politics.

 

Long Chuseok holiday begins

The country's most celebrated holiday begins this weekend, and the exodus of Seoulites visiting their hometowns began Sunday afternoon.

 

Business & Industry

 

'Subprime turbulence likely to protract'

Federal Reserve Chairman Ben S. Bernanke told lawmakers that the central bank is "actively working" to avoid a repeat of the subprime-mortgage rout.

 

FTA to boost trade with U.S. by 23%, study says

Trade between the United States and South Korea would increase by $18bn a year, or 23%, if a pending free-trade agreement between the two nations takes effect, a U.S. government study said.

 

New Straits Times, Malaysia

Front page

 

I’m not the one, says judge - Senior judge denies being on other end of phone

A senior judge has denied he was the one a lawyer was talking to in a video recording of an alleged phone conversation between the two to discuss judicial appointments.

 

PM: We're taking steps to tackle trade barriers

Prime Minister Datuk Seri Abdullah Ahmad Badawi listed some of the measures in a 30-minute interview on the Astro Channel 95's VIP Awani on Sunday.

 

Business & Industry

 

Palm oil prices may surge to ringgit (M$) 3,000 ($870.83)

Global palm oil prices may reach M$2,600-3,000 per tonne shortly as demand is likely to surpass supplies and rival soyaoil is also expected to rise sharply, a top industry analyst said Sunday.

 

Qatar bank gets nod to acquire stake in UAE lender

Commercial Bank of Qatar won initial central bank approval to buy a stake in a United Arab Emirates (UAE) lender for $601m ($1 = M$3.45), entering the second-largest Arab economy as it expands in the Gulf.

 

Business Times, Singapore

Front page

 

Bosses set to hike pay rise next year

Employers across the Asia-Pacific region are anticipating another good year as they budget for bigger pay hikes in the coming year.

 

Conservative Fukuda expected to bring stability to Japan

Yasuo Fukada will become Japan's new prime minister tomorrow after being selected Sunday by the ruling Liberal Democratic Party as its new leader in the wake of the sudden resignation of current prime minister Shinzo Abe.

 

Business & Industry

 

CPF changes must be fair to all, ministers say

The recent changes unveiled to beef up the CPF - specifically the move to require workers to buy longevity insurance - are intended to be fair to all Singaporeans, according to a panel of ministers Sunday at a dialogue session led by Prime Minister Lee Hsien Loong.

 

Closing training gaps for finance professionals

The booming economy and growing number of high net-worth individuals with complex financial needs presents challenges on training and educating financial professionals here.

 

Bangkok Post, Thailand

Front page

 

Monks' protest swells

Up to 15,000 Buddhist monks and laymen marched through the streets of Rangoon Sunday in the sixth day of escalating peaceful protests against the Burmese military regime.

 

Oranuj quits

Deputy Commerce Minister Oranuj Osathananda, facing mounting calls to resign over the controversy about her excessive shareholdings in private companies, has finally decided to leave the cabinet effective 1 October.

 

Business & Industry

 

Rojana to build condos in China

The listed industrial estate developer Rojana Industrial Park Plc plans to invest two billion baht in Changzhou, China, to develop 900 units of middle- to high-end condominiums, aiming to close sales by mid-2008, according to managing director Jirapongs Vinichbutr.

 

Bus operators' bid for fare hike opposed

The Transport Ministry should turn down a petition by bus operators to raise fares, as fuel prices today are lower than they were last year, according to Energy Minister Piyasvasti Amranand.

 

Jakarta Post, Indonesia

Front page

 

Quake victims move from tents to shanties
Sweat dripped from Lukman's forehead as the 44-year-old fisherman carried a wooden cabinet to his family's makeshift shelter next to his quake-destroyed home in Raja village in North Bengkulu.

 

Bringing multicultural readers, writers together
For the fourth time, Bali will be the venue of the Ubud Writers & Readers Festival from 25-30 Sept. Under the topic Sekala-Niskala (The Seen & The Unseen) -- a Balinese belief that we live in a seen (conscious) and unseen (unconscious) world at the same time -- the festival will encompass themes of religion, mysticism and modernity.

 

Business & Industry

 

Executive train derails in Central Java

A Pasundan executive train en route to Surabaya from Kiaracondong, Bandung derailed Sunday in Kebumen, Central Java, but there were no reports of casualties.

 

Moderate wins Japan ruling party vote, assured of becoming next prime minister

Moderate veteran Yasuo Fukuda easily won election as president of Japan's struggling ruling party Sunday, assuring his selection as the new prime minister in a parliamentary vote later this week.

 

 

($1= CNY7.50, M$3.45)

 


By: Staff Reporter
+44 20 8652 3214



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