In Thursday's Asia papers

07 February 2008 02:30  [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

 

Ministers feud over foreign stakes in airports

A government bill intended to restrict foreign investment in the operators of Narita and Haneda airports has sparked a row within the Cabinet pitting national security against economic revitalization.

 

'Gyoza' scare halts JT-Nissin alliance

Nissin Food Products will withdraw from a deal that would have created the nation's largest frozen food company because of the scandal over contaminated gyoza dumplings, company officials said Wednesday.

 

Business & Industry

 

Steel giants in battle for key Thai project

The nation's two top steelmakers are battling ArcelorMittal, the global industry leader, to win a key project in Thailand that has the potential to change the dynamics of steel production in Asia.

 

Sakura-colored small cars luring women

In a country where squeals of kawaii (cute) are heard around the clock, it makes good business sense to market small pink cars.

 

CHINA DAILY, China

 

Front page

 

Leaders visit disaster-hit areas on Festival eve

In the past five consecutive years, it has been a common sight for China's top leaders to visit ordinary Chinese on Lunar New Year's eve. This year was no exception.

 

Tornadoes in US South kill at least 54 people

Tornadoes and thunderstorms flattened the land and shattered lives across the US South on Tuesday and Wednesday, killing at least 54 people and injuring more than 150 in the deadliest such storms in nine years.

 

Business & Industry

 

Power mostly restored in snow-stricken China

Electricity was partly or fully restored to 162 snow-stricken counties in China, including Chenzhou city in Hunan Province, as of 5 pm Wednesday after workers reconnected local power lines to the national grid.

 

Chinese tourists to Kenya up 27%

The number of Chinese visitors to Kenya increased by 27% to 18,766 in 2007 compared to 14, 778 in the same period in 2006, the country's tourist marketers said in Beijing Wednesday.

 

TAIPEI TIMES, Taiwan

 

Front page

 

Holiday freeway traffic moves smoothly

Many motorists had a smooth ride home yesterday as they packed the freeways, headed for family reunions on Lunar New Year's Eve.

 

Obama, Clinton draw, McCain leads in polling

Senators Barack Obama and Hillary Rodham Clinton traded victories in an epic coast-to-coast Super Tuesday struggle that failed to establish a clear front-runner in the race for the Democratic presidential nomination. Senator John McCain seized command of the race for the Republican presidential nomination, sweeping a series of delegate-rich primaries across the US.

 

Business & Industry

 

BHP Billiton raises bid for Rio Tinto

BHP Billiton formalized its unwelcome takeover bid for Rio Tinto yesterday and raised the stakes with an all-share offer worth $147.4bn that would create a global mining monolith.

 

Japan's farmers get personal over beef prices

Japanese beef prices--already the world's highest--are about to get even higher, the country's farmers said yesterday, warning that livestock feed prices have shot up from the global rush for ethanol.

 

KOREA HERALD, South Korea

Front page

 

Lee team identifies top policy agenda

President-elect Lee Myung-bak's transition committee yesterday outlined the main agenda of the incoming government, aimed at boosting growth and enhancing national competitiveness. 

 

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

 

( no news updates )

 

NEW STRAITS TIMES, Malaysia

Front page

 

( no news updates )

 

BUSINESS TIMES, Singapore

 

Front page

 

Fed wrestles with growth and inflation worries

Federal Reserve officials on Wednesday expressed concern about a possible US recession but warned that the central bank cannot let down its guard when it comes to fighting inflation.

 

Investors scurry on eve of Year of Rat

Investors in Asian stock markets yesterday said a nervous goodbye to the Year of the Pig by diving for cover in the face of renewed US recession fears that swept through Wall Street on Tuesday.

 

Business & Industry

 

London luxury-home prices jump again

Luxury-home prices in London, the world's most expensive city for prime real estate, rose at the fastest rate in four months as the overall UK market stagnated, industry reports showed.

 

BANGKOK POST, Thailand

 

Front page

 

Asian stocks hit

The region's biggest drop was seen in Hong Kong, where the Hang Seng Index fell 5.4% to 23,469.46 in a half-day of trading ahead of the Chinese Lunar New Year which begins Thursday, but shares on all major Asian markets plunged on Wednesday.

 

Army pans disarmament plan

Army chief Anupong Paojinda has made it clear he has strong reservations against disarming civilians and, eventually, members of the security forces in the deep South, saying it is the insurgents who should hand over their guns.

 

Business & Industry

 

New minister asked to scrap reserve rule

Finance Ministry officials will propose that new minister Surapong Suebwonglee review the Bank of Thailand's 30% reserve requirement on capital inflows, according to Pannee Stavarodom, the director of the ministry's Fiscal Policy Office (FPO).

 

Loxley set to expand to Vietnam

Loxley Plc, the 69-year-old trading firm better known for its high-technology, communications and construction businesses, plans to expand its consumer product-distribution business to Vietnam and Dubai this year.

 

JAKARTA POST, Indonesia

 

Front page

 

Munir case 'can push intelligence reform'

Reform within intelligence agencies is necessary to make those bodies accountable and prevent arbitrary killings such as the murder of rights activist Munir, lawmakers and experts said Tuesday.

 

KPK told to clean its own personnel

The Corruption Eradication Commission (KPK) must rid itself of the "invisible hands" hampering its fight against corruption, a workshop heard here Tuesday.

 

Business & Industry

 

Daihatsu exports CBU cars to Japan

PT Daihatsu Astra Motor (DAM), a local subsidiary of Japanese car manufacturer Daihatsu Motor Ltd., shipped its first car exports to Japan on Tuesday.

 

BI plans to sell off shares in 2008

Bank Indonesia said Tuesday it expected to sell off all its shares in a number of companies this year in compliance with existing central bank regulations.

 


By: Staff Reporter
+44 20 8652 3214



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