In Monday's Asia Papers

11 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 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

 

No new updates.

 

Business & Industry

 

No new updates.

 

CHINA DAILY, China 

Front page

 

Return trip to peak today

Return-trip travel after Spring Festival could peak today as millions of people get back to work after family gatherings.

 

World bourses lost $5.2T in January

World stock markets lost $5.2 trillion in January due to the fallout from the US subprime crisis and fears of an economic slowdown.

 

Business & Industry

 

China sets record for government procurement
China purchased at least 400 billion yuan ($55.6 billion) of goods and services in 2007, a new high compared to the 368.1 billion yuan recorded a year earlier.

 

Passenger wave hits East China
A tidal wave of passengers has hit China's eastern railways during the holiday week of the Spring Festival, Chinese Lunar New Year that fell on February 7 this year.

 

TAIPEI TIMES, Taiwan

Front page

 

Chen pays visit to Dongsha Islands

President Chen Shui-bian yesterday paid a third visit to the Dongsha Islands and used the occasion to call on neighboring countries to hold dialogue with Taiwan to settle territorial disputes over islands in the South China Sea, as well as preserve marine life in the region.

 

Yahoo poised to reject Microsoft offer

Yahoo Inc's board will reject Microsoft Corp's US$44.6 billion takeover bid after concluding the unsolicited offer undervalues the slumping Internet pioneer, a person familiar with the situation said.

 

Business & Industry

 

Russia eyes Japanese financial products

Russian sovereign wealth funds may start investing in Japanese financial products, Russian Finance Minister Aleksey Kudrin told his Japanese counterpart Fukushiro Nukaga yesterday.

 

ANALYSIS: G7 meeting fails to deliver quick fix investors want

G7 finance ministers meeting in Tokyo this weekend failed to deliver the quick fix that jittery investors had been hoping for to ease the gloom on global markets, analysts said.

 

KOREA HERALD, South Korea

Front page

 

Lee unveils lineup of top secretaries

President-elect Lee Myung-bak yesterday named his top secretaries, a group packed with U.S.-educated scholars whose ideas are regarded to have underpinned his economic, political and security policies.

 

Angry Kim Jong-il orders probe of state graft

North Korea is conducting a major investigation into corruption at state agencies which handle business projects with South Korea and aid from Seoul, a report said.

 

Business & Industry

 

Korea tough on budget airlines

Foreign budget air carriers which have poor safety records will be banned from operating flights in Korea within the year, the Transportation Ministry said yesterday.

 

[News Analysis ] Cautions grow on KIC's Wall Street stake

When Korea Investment Corp. spent $2 billion to buy preferred stocks of Merrill Lynch & Co. last month, the terms looked largely favorable to the nation's sovereign wealth fund.

 

NEW STRAITS TIMES, Malaysia

Front page

 

Penang Chief Minister to contest parliamentary seat, who will succeed him?
GEORGE TOWN: Acting Gerakan president Tan Sri Dr Koh Tsu Koon has confirmed that he will vacate the Penang chief minister's post to contest a parliamentary seat in the coming general election.

 

Ex-prisoners, groups in support of conjugal visits
FORMER prisoner-turned-drug rehabilitation centre president Mohd Yunus Pathi feels that conjugal visits are important for married prisoners serving time, as sex is a basic biological need.

 

Business & Industry

 

Retail sales damper

RETAIL sales in Malaysia is forecast to grow slower than initially thought this year as higher living costs and stagnant salaries weigh on consumer confidence.

 

NGV Tech: RM500m deals in the pipeline

NGV Tech Sdn Bhd, a low-profile shipbuilder, is in the final stages of negotiating contracts worth RM500 million, its chief said.

 

BUSINESS TIMES, Singapore

Front page

 

East Timor president wounded in attack on home

DILI - East Timor President Jose Ramos-Horta was wounded in a pre-dawn attack on his home on Monday morning that killed a guard, army spokesman Major Domingos da Camara said.

 

Singapore's competitive edge eroding

(SINGAPORE) A shortage of talent is still the biggest headache for businesses in Singapore, but sharp pay hikes in recent years - on top of increases in rentals and other costs - are triggering concerns about the island's competitive edge.

 

Business & Industry

 

CitySpring eyes $370m in equity capital

CITYSPRING Infrastructure Trust is seeking a mandate from its shareholders to raise a further $370 million in equity capital, but may not actually do so if market conditions remain poor, its chief executive Fai Au Yeung said on Feb 4.

 

Investors 'more concerned over future issues than incentive fees'

INVESTORS in CitySpring Infrastructure Trust are more concerned over the trust's future acquisitions and business potential than its incentive structure, according to chief executive Fai Au Yeung.

 

BANGKOK POST, Thailand

Front page

 

Five month honeymoon

Bangkok-based activisit groups said on Sunday they are giving the new government five months to prove itself before they resume street protests - less if it messes up early on.

 

Samak Talks

Prime Minister Samak Sundaravej launched his new weekly show on state TV and radio stations Sunday, with impromptu commentary and answers to callers.

 

Business & Industry

 

Seafood shortage curbs sector potential

The growth of Thailand's frozen food exports is threatened by the strong baht, rising raw material prices and a shortfall of fish, cuttlefish and farmed shrimp supplies, according to the Thai Frozen Foods Association.

 

Government LPG subsidy may return

Policies to cut state subsidies for cooking gas could be reviewed to help contain costs for consumers, suggests new Energy Minister Poonpirom Liptapanlop.

 

JAKARTA POST, Indonesia

Front page

 

No new updates.

 

Business & Industry

 

No new updates.

 


By: Staff Reporter
+44 20 8652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly