In Tuesday's Asia Papers

01 April 2008 02:00  [Source: ICIS news]


Front page


N-sites sit on, close to faults

Active faults that could trigger major earthquakes run directly under or near the Mihama Nuclear Power Plant and the Monju fast-breeder reactor, power industry officials said Monday.


Hacker attacks hit over 1,000 sites

More than 1,000 websites in Japan and abroad were hacked in March in attacks similar to one that hit Trend Micro Inc., the world's leading Internet security provider, Internet security entities said.


Business & Industry


No new updates.



Front page


Rumor of disguising soldiers rejected

China on Monday rejected a rumor cited by the Dalai Lama that hundreds of soldiers disguised as monks in the Lhasa riots on March 14.


Business & Industry


World rice price hikes 'will not hurt supply'

Rising international rice prices are not a cause for major concern in China, Premier Wen Jiabao said Monday. 


Local banks told to put brakes on mortgages
SHANGHAI: The city's banks have been told to exercise caution on mortgage lending to help combat speculation and stabilize property prices.



Front page


Cabinet resists call to hike oil prices

The Cabinet has no plan to increase oil prices despite the "strong recommendation" of the Ministry of Economic Affairs, Executive Yuan Spokesman Shieh Jhy-wey said yesterday.


Hu presides over relighting of Olympic torch in Beijing

Chinese President Hu Jintao presided over the relighting of the Olympic torch yesterday in the host city, Beijing, signaling the start of an around-the-world torch relay that has already become a magnet for protesters.


Business & Industry


Green Energy posts record earnings

Green Energy Technology Inc, the nation's biggest solar wafer supplier, yesterday posted record high earnings for last year and a higher-than-expected cash dividend, helped by large-scale capacity expansion and recovery from a factory fire.



Front page


Parties cry wolf to woo voters

Major parties are projecting gloomy electoral prospects in an apparent attempt to rally traditional supporters to vote in the April 9 parliamentary elections.


Lee team aloof to N.K. tension

Despite burgeoning tension on the Korean Peninsula from North Korea's escalating threats, South Korea's President Lee Myung-bak and his ministers appear calm, if not nonchalant.


Business & Industry


Bank ownership regulations to be eased

The Financial Services Commission said yesterday it will allow private equity funds and pension funds to invest in commercial banks as early as the second half of this year.


Top 10% of households earn over W100m

The annual income of the highest-earning 10 percent of Korea's urban working households exceeded 100 million won ($100,704) for the first time in 2007, thereby widening the gap with those in the bottom bracket, data showed yesterday.



Front page


Faulty wheel bearing leads to Savvy recall
 Proton Holdings Bhd is recalling 34,000 Savvy cars due to a faulty rear wheel-bearing component.


Business & Industry 


Tensions rise as world faces short rations

Food prices are soaring, a wealthier Asia is demanding better food and farmers can't keep up. In short, the world faces a food crisis and in some places it is already boiling over.



Front page


Lehman to issue US$3b convertible preferred shares

Lehman Brothers Holdings, an investment bank beset by rumors of not having enough funding, said it is issuing US$3 billion of convertible preferred shares.


Bleak figures mask deeper market turmoil

A turbulent three months for Singapore stocks ended yesterday with the benchmark FTSE Straits Times Index closing at 3,007.36 points, down almost 14 per cent for the year.


Business & Industry


Stronger calls to scrap Umno nomination rule

THE pressure on Prime Minister Abdullah Ahmad Badawi continues to intensify, with growing calls for rules favouring his presidency of the United Malays National Organisation (Umno) to be scrapped.



Front page


Kyoto II talks open

UN Secretary General Ban Ki-Moon told 1,000 delegates from 190 nations on Monday that their negotiations in Bangkok would result in a better effort to defeat global warming.


Fairy tales at the top

Prime Minister Samak Sundaravej's disclosure last week of a coup plot by elements he did not identify but claimed were bent on toppling his administration reminds me of Aesop's fable, The Shepherd Boy and the Wolf.


Business & Industry


High rice prices threaten aid

The surge in rice prices over the past few months not only has governments across the region scrambling to find food, but it has also provided headaches to aid organisations who suddenly can't afford to feed as many people.



Front page


No new updates. 


Business & Industry


No new updates. 




By: Staff Reporter
+44 20 8652 3214

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