In Thursday's Asia Papers

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


Front page


IPOs, share issues down in market slump

Japanese companies are shying away from stock markets to raise funds amid the fallout from the U.S. subprime loan crisis, a leading financial research firm says.


Business & Industry


No new updates.



Front page


Government plans to find oil, mineral reserves

The search is on for domestic reserves of key resources, such as iron ore and crude oil, to reduce dependence on imports.


Tibetans 'chose' to abandon theocracy

Attempt to combine politics and religion at an institutional level in Tibet is against the will of its people, a Tibetologist said.


Business & Industry


ADB: China's economy to grow 10% in 2008
China's economic growth will moderate to about 10 percent this year and 9.8 percent in 2009, the Asian Development Bank (ADB) said in a report on Wednesday.


China, US hold talks on bilateral economic ties
Chinese Vice Premier Wang Qishan began talks with US Treasury Secretary Henry Paulson Wednesday on advancing bilateral economic ties.



Front page


Last-minute U-turn puts Suhua Freeway in doubt

The future of the Suhua Freeway was up in the air yesterday after a previously absent government representative told the review committee that the Cabinet had recently fine-tuned an Outline for Sustainable Development of the East that would not favor construction of the controversial route connecting Hualien and Ilan.


Beijing claims Uighurs trying to launch rebellion

China has accused Muslims in the nation’s northwest of trying to start a rebellion, following what an exile group said yesterday were peaceful protests against injustices under Chinese rule.


Business & Industry


Property market expected to soar

CB Richard Ellis said the best scenario for Taiwan would be the implementation of direct flights to China, as this would allow the nation to serve as a regional hub.


Prosecutors probing NT$120 billion CAL aircraft purchase

Prosecutors have begun a probe into suspected irregularities in a major aircraft purchase by China Airlines Ltd (CAL), Taiwan’s largest air carrier, the director of the Special Investigation Unit of the Supreme Prosecutor’s Office said yesterday.



Front page


Policy debate missing from elections

Competing policy agendas seem to have sunk into insignificance in the upcoming parliamentary elections. Instead, the race is turning into a run-of-the-mill power struggle between the rival parties.


Business & Industry


Policymakers split over bank sell-offs

Financial Services Commission Chairman Jun Kwang-woo said yesterday that the financial regulator will expedite the privatization of state-run banks, reiterating the basic position of President Lee Myung-bak's government.



Front page


Three ministers step up to defend Abdullah
It's unfair to ask Datuk Seri Abdullah Ahmad Badawi to resign as the prime minister by blaming him for Barisan Nasional's performance in the general election.


Business & Industry


KL shares seen drifting lower today

MALAYSIAN shares are expected to fall today, depressed by a decline in US


Rank buyout may cost Genting Intl RM2.7b

GENTING International Ltd, the unit of gambling group Genting Bhd, may have to spend about £431 million (RM2.7 billion) to buy out Rank Group plc, a UK-based gaming firm.



Front page


Leng Beng urges nimble feet in shifting landscape

The uncertainty surrounding the local property market will last at least another six months and stakeholders must stay nimble to deal with the changing tides, says property tycoon Kwek Leng Beng.


Lehman Bros still bullish on Asia

Lehman Brothers will continue to invest in Asia despite facing tough market conditions on its home soil in the United States, its chief financial officer for Asia-Pacific said yesterday.


Business & Industry


Inflation threat dwarfs risk of global slowdown: ADB

ASIA faces an 'inflation spiral' brought on by multiple upward pressures on prices compounded by supply constraints, the Asian Development Bank (ADB) warned yesterday.


No secret or strategic mission: China's SWF

China's US$200 billion sovereign wealth fund (SWF) said it has 'conservative' return targets and sought to dispel concern that its investments may be politically motivated.



Front page


Monty: Asians not up to par

Scottish golfer Colin Montgomerie lashed out at Prayad Marksaeng and other Asian rivals for getting Masters tournament invitations even though he is clearly a better player. Prayad gave it right back to the sour Scot.


On the edge of crisis?

Retail giant Tesco Lotus called on the government Wednesday to assure the public there is more than enough rice on hand - or face panic buying over growing rumours of shortages.


Business & Industry


Eco-car projects of Toyota, Mitsubishi, Tata approved

The Board of Investment (BoI) has embraced the new government's Thailand Investment Year 2008-09 campaign by approving promotional privileges for seven investment projects totalling 60 billion baht.


Esso IPO could raise B14.3bn

Esso (Thailand) Plc, the oil refinery unit of Exxon Mobil Corp, plans to raise as much as 14.3 billion baht in an initial public offering to reduce debt and take advantage of government tax breaks. Esso and the Finance Ministry, the refiner's second-biggest shareholder, will sell 1.1 billion shares, or 32.5% of the increased capital, to domestic and overseas investors, the company said in a filing to the Securities and Exchange Commission.



Front page


House members set to decide on Boediono candidacy next week

The House of Representatives hopes to make a final decision on the candidacy of Boediono for Bank Indonesia governor by the end of next week.


Jakarta philanthropic city: Survey

Jakartans are among the nation's most generous people when it comes to helping out those in need, according to the results of a survey announced Wednesday.


Business & Industry


No new updates.

By: Staff Reporter
+44 20 8652 3214

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