In Friday's Asia Papers

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


Front page


NHK to fire 3 for insider trading

Japan Broadcasting Corp. (NHK) said Thursday it will dismiss three employees who were caught profiting from insider stock trading.


'Yasukuni' to be shown in Osaka in May

A citizens theater here has decided to screen Chinese director Li Ying's controversial documentary "Yasukuni," featuring the war-related shrine in Tokyo as scheduled from May 10 to 16.


Business & Industry


No new updates.



Front page


Yuan appreciation more rapid: Paulson

US Treasury Secretary Paulson said US appreciates China's holding of US treasuries and admitted the yuan appreciation has been "more rapid".


Hu set to welcome 10 state leaders

President Hu Jintao will next week welcome 10 heads of state to Hainan province for the 7th Boao Forum for Asia (BFA), Foreign Ministry spokeswoman Jiang Yu said.


Business & Industry


ICBC says China inflation rate to hit 8% in 1st quarter
The Industrial and Commercial Bank of China (ICBC) is forecasting an eight percent increase in the country's consumer price index (CPI) for the first quarter of 2008.


China urges US to reduce trade barriers
China urged the United States here on Thursday to lift export restrictions that affect China and reduce trade and investment barriers to promote bilateral trade relations.



Front page


Report points to surge in PRC missiles

The number of tactical ballistic missiles deployed by China against Taiwan reached more than 1,400 at the end of last year, said the National Security Council (NSC), which said in May 2006 that the figure would rise to more than 800 by the end of that year.


Fubon's plan to invest in PRC bank approved

The Financial Supervisory Commission (FSC) yesterday gave its go-ahead to Fubon Financial Holding Co's application to indirectly invest in a Chinese bank.


Business & Industry


Reliance Industries plans LCD and chip investments

Reliance Industries Ltd, India’s biggest oil refiner, plans to lead 650 billion rupees (US$16 billion) in investments in chip and liquid-crystal display (LCD) factories as the country tries to build a manufacturing sector.



Front page


Pyongyang threatens military steps

North Korea said yesterday it would take "military countermeasures" against what it called a belligerent remark by a South Korean general.


Samsung chief to face grilling

Special prosecutors plan to question Samsung Group chairman Lee Kun-hee today as a suspect in their investigation into corruption allegations, including slush fund and illegal securities deals aimed at transferring managerial control to his son.


Business & Industry


Seoul set to stimulate domestic demand

The government will attempt to boost domestic demand to help the local economy, which is apparently slowing from a peak in growth during the first quarter, industry sources said yesterday.


FTAs help cushion inflation risks

While steep commodity prices and record-high oil costs fan inflationary pressures around the globe, free trade agreements can be a boon - rather than a blight - regardless of their controversies.



Front page


Youth chief steps aside
 Umno Youth chief Datuk Seri Hishammuddin Hussein will not defend his post in the year-end party elections.


Business & Industry


Flying high on big demand

Commercial helicopter services in Malaysia, particularly in the offshore air transportation, is expected to fly high as oil companies beef up exploration activities. Anna Maria Samsudin examines the outlook for this lucrative business.



Front page


JPMorgan buys 11.5m Bear Stearns shares

JPMorgan Chase & Co said that it bought 11.5 million shares of Bear Stearns Cos on the open market, as the commercial bank works to make sure it successfully completes its purchase of Bear.


Al-Futtaim bags Robinson after Lippo accepts offer

It took up to the very last minute, but the Al-Futtaim Group has succeeded in its takeover of retailer Robinson & Co.


Business & Industry


Paulson signals more help coming for homeowners

United States Treasury Secretary Henry Paulson has indicated that the Bush administration is willing to consider congressional plans to stem foreclosures by expanding government guarantees for mortgages.


Invest 1% in Africa, sovereign funds told

The World Bank wants to convince sovereign wealth funds to invest one per cent of their estimated US$3 trillion in assets in Africa, its president Robert Zoellick said on Wednesday.



Front page


No new updates.


Business & Industry


No new updates.



Front page


BI maintains rate to ward off downturn

Shadowed by the highest inflation rate in 18 months during March, Bank Indonesia kept its policy rate unchanged Thursday to help prevent an economic downturn.


New law to boost transparency

The House of Representatives on Thursday passed the freedom of public information bill, obliging all state agencies and public institutions to disclose their financial reports to the public.


Business & Industry


Volvo look to regain market share without govt orders

Until 2005, Volvo was portrayed here as a legitimate representation of high-ranking government officials as well as of persons of a certain social status.


Kimia Farma to build US$100 million plant

Publicly listed state pharmaceutical company PT Kimia Farma plans to build a US$100 million plant this year to help reduce its dependency on imported raw materials.


By: Staff Reporter
+44 20 8652 3214

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