In Wednesday's Asia Papers

06 February 2008 01:00  [Source: ICIS news]

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


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.



Front page


Different poison found in 'gyoza'

Traces of another pesticide were detected in gyoza dumplings made by the same Chinese company whose products have led to food-poisoning cases in Japan, the Japanese Consumers' Co-operative Union (JCCU) said Tuesday.


Business & Industry


No new updates.



Front page


WB cuts China growth forecast to below 10%

The Chinese economy will grow at 9.6% this year, instead of 10.8%, because of a global economic downturn, the World Bank said.


Traffic resumes in frozen south China

Rail, highway and air transport paralyzed by freezing weather in South China are recovering gradually ahead of the Lunar New Year.


Business & Industry


Yuan hits new high against US dollar for 10th time in 2008
The yuan climbed 77 basis points to a central parity of 7.1846 yuan to one US dollar on Tuesday, setting a new high on the 10th occasion since the beginning of this year.


World Bank names Chinese economist as VP
World Bank President Robert B. Zoellick Monday announced the appointment of Justin Yifu Lin, a Chinese national, as the new chief economist and senior vice president for development economics at the World Bank.



Front page


US$67m allocated for new AIT

The Bush administration has proposed allocating almost US$67 million next year for the construction of a new headquarters for the American Institute in Taiwan (AIT) in Neihu, Taipei.


Dumpling poising may have been deliberate act

Pesticide-laced Chinese dumplings that sickened at least 10 people in Japan and triggered a nationwide scare were probably poisoned deliberately, the Japanese health minister said yesterday.


Business & Industry


Australia raises key rates to 12-year high

Australia's central bank yesterday lifted its key interest rates 25 basis points to 7 percent -- its highest level since 1996 -- as it struggles to fight inflationary pressures.


Yahoo reviewing Microsoft's offer

Yahoo remained coy on Monday as Microsoft publicly touted the virtues of its US$44.6-billion bid to take over the Internet firm and Google maneuvered behind the scenes to thwart it.



Front page


Long Seollal holiday starts

Some 6.7 million people per day are expected to be traveling during the Lunar New Year holiday, raising concerns of traffic congestion.


Talks begin on government overhaul

President-elect Lee Myung-bak's transition team began talks regarding its sweeping government overhaul plan with major political parties yesterday.


Business & Industry


Rental market soars as consumers get practical

Whether one wants to try a product before deciding to buy it, needs a certain product for only a short duration, or is in need of a particular item that is too expensive to afford, the answer for a growing number of consumers is rental companies.


Korea's road density 40th in the world

A new report deals a blow to those who say the country is already covered with too many roads. Korea has the 40th highest road density of the 187 International Road Federation member states - tied with India - an IRF study showed yesterday. The IRF is an international association of private and public sector road-related organizations based in Europe and the United States.



Front page


It was a ‘working relationship’
KUALA LUMPUR: Royal Commission of Inquiry chairman Tan Sri Haidar Mohamed Noor is related to former chief justice Tun Ahmad Fairuz Sheikh Abdul Halim by marriage.


Business & Industry 


No new updates.



Front page


BHP Billiton launches US$147b Rio Tinto bid

SYDNEY - BHP Billiton, the world's No.1 miner, formally launched a US$147.4 billion takeover bid on Wednesday for rival Rio Tinto.


SingPost may sell landmark Paya Lebar HQ

(SINGAPORE) Singapore Post's landmark headquarters next to Paya Lebar MRT station may be on the verge of unlocking some riches.


Business & Industry


$357m bid to buy out AsiaPharm

MAINBOARD-LISTED Asia -Pharm Group has become the target of this year's first public-to-private deal, following a $357 million buyout offer by private equity firm MBK Partners.


Europe's central banker charts own course

(FRANKFURT) The day after the Federal Reserve's emergency interest rate cut two weeks ago, Jean- Claude Trichet went before the European Parliament to deliver perhaps the most eagerly awaited speech of his four years as president of the European Central Bank.



Front page


Replay: Fading tradition?

The Chinese New Year which begins on Wednesday is still observed by tens of thousands of ethnic Chinese who will take the day off to hand out the lucky red money packets to their children, visit relatives and the eat plenty of salty duck and chicken. But the festival no longer entails the citywide shutdown it did in the past, especially in Bangkok.


New government tomorrow

Prime Minister Samak Sundaravej said he will present the cabinet list to His Majesty the King on Wednesday before leading ministers to a swearing-in ceremony later the same day.


Business & Industry


Soaring local prices may trigger defaults among rice exporters

Rice exporters could start defaulting on orders due to rapidly rising domestic prices, warned the Rice Exporters Association.


Currency limits rise

The Finance Ministry has agreed to relax currency regulations to allow unlimited domestic holdings of foreign currency gained from overseas.



Front page


SBY orders replacement of aging TNI war machines
President Susilo Bambang Yudhoyono on Monday ordered the Indonesian Military (TNI) to ground its aging warfare equipment and procure new arms through local financing.


KPPU wants upper limit on haj prices
The Business Competition Supervisory Commission (KPPU) recommended Monday the government impose a ceiling price policy for the ONH Plus haj pilgrimage premium service, saying the move could drive operators to reduce their prices.


Business & Industry


No new updates.





By: Staff Reporter
+44 20 8652 3214

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