In Wednesday's Asia Papers

07 May 2008 02:00  [Source: ICIS news]

ASAHI SHIMBUN, Japan

Front page

 

No new updates.

 

Business & Industry

 

No new updates.

 

CHINA DAILY, China

Front page

 

President Hu dines on memories, friendship

It's a small, exclusive restaurant in an idyllic park - and rich in the symbolism of Sino-Japanese ties. It was also an appropriate setting for Japanese Prime Minister Yasuo Fukuda and President Hu Jintao to get to know each other better in an informal atmosphere.

 

Ample grain to keep food prices stable

The country has enough grain reserves to keep food prices stable, the top economic planner said on Tuesday.

 

Business & Industry

 

.No new updates.

 

TAIPEI TIMES, Taiwan

Front page

 

Myanmar's storm toll 22,500 and rising

The death toll from the cyclone that battered Myanmar last weekend rose above 22,000 yesterday, with at least 41,000 missing as the international community prepared to rush in aid, state radio reported.

 

Huang, Chiou, Ko resign as offices searched

The three high-ranking officials at the center of the Papua New Guinea diplomatic fund scandal resigned yesterday after prosecutors raided their homes and offices in the search for clues to what happened to the missing US$30 million.

 

Business & Industry

 

Chinatrust reports profits

Chinatrust Financial Holding Co, the nation’s sixth-biggest financial service provider, yesterday said that it had completely shaken off losses incurred from subprime-related investments.

 

Firms attract private equity

After two robust years, Taiwan will continue to be an attractive market with a reasonable valuation for private equity (PE) investors, who said that they are eyeing local companies with high-quality management teams and a stable cash flow as long-term investment destinations.

 

KOREA HERALD, South Korea

Front page

 

Seoul rules out beef renegotiations

The government yesterday ruled out the possibility of renegotiating the Korea-U.S. beef import deal, while pledging to tighten quarantine inspections and beef labeling rules.

 

Tests confirm bird flu in Seoul

The bird flu pandemic that has spread to six of Korea's nine provinces hit Seoul last week, prompting the slaughter of poultry and decontamination efforts in the area.

 

Business & Industry

 

Chip giants agree on larger wafers

Three global chip manufacturers have reached an agreement to start semiconductor production that is based on larger wafers from 2012, the companies said yesterday.

 

Hyundai Kia, Microsoft form tech partnership

Hyundai Kia Automotive Group and Microsoft Corp. yesterday signed an agreement to form a partnership in developing in-car infotainment systems

 

NEW STRAITS TIMES, Malaysia

Front page

 

Wife expects Raja Petra to be out on bail today

Raja Petra, 58, was charged in the Sessions Court here with posting a seditious article on his website, Malaysia Today, at www.malaysia-today.net titled "Let's send the Altantuya murderers to hell".

 

Call for specific law to deal with apostasy

Dr Mohd Puad Zarkashi (BN-Batu Pahat) made the call following a suggestion in the House last week by MCA president Datuk Seri Ong Ka Ting (BN-Kulai) to allow non-Muslims who had converted to Islam leave the faith if their marriage to Muslims ended in divorce.

 

Business & Industry

 

Tabung Haji eyes food role

LEMBAGA Tabung Haji kick-started its planned big venture into the food industry yesterday by agreeing to endorse and market products by local breadmaker Silver Bird Group Bhd

 

Battle for Malaysian sky hots up

MALAYSIA Airlines (MAS) and AirAsia appear to be heading towards a battle for the sky as the tension over each other's price campaigns escalates into a war of words.

 

BUSINESS TIMES, Singapore

Front page

 

UBS to slash 5,500 jobs, mainly in US and UK

Embattled Swiss bank UBS AG yesterday reported a net loss of 11.5 billion Swiss francs (S$14.9 billion) for its first quarter and said 7 per cent of its workforce will be cut.

 

Real broadband fight yet to come in new landscape

All three local telcos are vying for the right to build and own Singapore's upcoming broadband network but industry experts believe the prize fight is not in the control of this infrastructure but the services that operators can provide using the high- speed links of the future.

 

Business & Industry

 

Keppel Fels bags US$512m Ensco rig order

KEPPEL Fels (KepFels) has won a US$512 million contract for an ultra-deepwater semi-submersible drilling rig from oil drilling major Ensco.

 

Technics lands $30m contract with Bumi Armada

A UNIT of Technics Oil and Gas has landed its biggest deal so far - a $30 million contract to supply four natural gas booster compression systems to Malaysia-based Bumi Armada.

 

BANGKOK POST, Thailand

Front page

 

Burma agony

Official state media said on Tuesday the death toll from Saturday's Cyclone Nargis now has passed 22,000 - with another 41,000 missing.

 

Temple harmony

Cambodia and Thailand said on Tuesday that the border temple of Prey Vihear was not in dispute and Thailand would not obstruct it being accepted as a Unesco World Heritage Site.

 

 Business & Industry

 

Operators welcome 2,600-km dual-track rail project

Logistics operators have praised the government's plan to build a 2,600-kilometre dual-track rail network, saying the massive investment scheme would help the country save logistics costs amid high oil prices. Despite the high costs that could run into billions of baht, private investors, especially from abroad, would be keen to jointly invest with the Thai government in the project, said Suwit Ratanachinda, president of the Thai International Freight Forwarders Association.

 

JAKARTA POST, Indonesia

Front page

 

Court orders AGO to reopen Sjamsul case

The South Jakarta District Court has ordered the Attorney General's Office to reopen the investigation into the alleged misappropriation of Bank Indonesia liquidity support (BLBI) funds involving Sjamsul Nursalim.

 

RI offers $1m in aid for Myanmar

Indonesia has joined the international community by donating aid worth US$1 million to Myanmar after a cyclone that swept through the country last weekend left more than 15,000 dead

 

Business & Industry

 

No new updates.

By: Staff Reporter
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