In Monday's Asia Papers

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

Front page

Prime Minister Yasuo Fukuda and the Financial Services Agency appear headed for a clash concerning jurisdiction over the Money Lending Control Law.

Business & Industry

No new updates

CHINA DAILY, China

Front page

No new updates

Business & Industry

No new updates

TAIPEI TIMES, Taiwan

Front page

Tsai wins race for DPP chairmanship

The former vice premier beat Koo Kwang-ming by 25,000 votes in an election in which Chai Trong-rong — who had earlier withdrawn

Survivors pulled from rubble six days after quake

Rescue workers pulled two more survivors out of the rubble yesterday, six days after China's powerful earthquake, but admitted hopes of more such miracles are almost extinguished.

Business & Industry

New worker power may mean an end to the era of cheap Chinese products

Migrant workers, for years the backbone of China's export miracle, are discovering their economic muscle, threatening an end to the flood of cheap goods heading west, the author of a new book said

Earthquake insurance coverage rate increases since 2002 launch

Of the nation's 7.6 million households, only 24.48 percent held residential earthquake insurance policies as of March, the Financial Supervisory Commission's (FSC) latest statistics showed.

KOREA HERALD, South Korea

Front page

U.S to resume food aid to North Korea

The U.S. federal aid agency announced last week it is resuming food aid to North Korea with an agreement on improved monitoring and access in the communist state to ensure its assistance is reaching the intended recipients. "The United States intends to provide the DPRK with 500,000 metric tons in food commodities over the course of a 12-month program beginning ...

Business & Industry

Oil dollars flow into Korean bourse

Investors from the Middle East are increasingly plowing petrodollars into the Seoul bourse despite a recent global credit crunch, market data showed yesterday.

The Financial Supervisory Service said Middle East financiers have bought over 1.5 trillion won ($1.4 billion) of Korean stocks during the first four months of the year.

NEW STRAITS TIMES, Malaysia

Front page

ACA asked to reopen Lingam, Eusoff case
The Royal Commission of Inquiry has recommended that the Anti-Corruption Agency reopen investigations into the relationship between former chief justice Tun Mohd Eusoff Chin and lawyer Datuk V.K. Lingam.

Business & Industry

India builder to invest RM15b in Iskandar

BSEL Infrastructure Realty Ltd, a builder from India, is investing RM15 billion over 12 years in Iskandar Malaysia.
The Mumbai-listed company inked a memorandum of understanding with the Iskandar Regional Development Authority (IRDA) for several development projects, IRDA said in a statement yesterday.

BUSINESS TIMES, Singapore

Front page

A powerful aftershock rattled China's south-west early yesterday, hampering frantic efforts to find earthquake survivors and help nearly five million people facing the risk of disease and flood.

Business & Industry

Microsoft proposes alternative deal to Yahoo

Microsoft Corp said on Sunday it has proposed an alternative deal to Yahoo, rather than a full acquisition, in a move that could save the web pioneer from fighting a proxy battle with financier Carl Icahn.

BANGKOK POST, Thailand

Front page

Relief supplies continue to arrive at the international airports for the hard-hit people in the Austria-sized Irrawaddy Delta hardest hit by Cyclone Nargis on May 2, but bureaucracy continues to slow the arrival of much more urgently needed aid. UN humanitarian affairs chief John Holmes was due in Rangoon on Sunday evening, send by Secretary General Ban Ki-Moon to push the military junta, probably fruitlessly to open the country to more international assistance.

Business & Industry

Biodiesel hub taking shape

A former tangerine orchard in Rangsit could be the next frontier in local biodiesel development, with heavy-duty support from a number of government agencies.

JAKARTA POST, Indonesia

Front page

Youth activists displayed more than 10,000 handprints at Borobudur in Magelang, Central Java, on Sunday, as part of a campaign to help preserve the temple.

As many as 140 banners with the handprints were carried in a procession by the young activists around the temple ahead of Waisak Day (Buddha's Day of Enlightenment) on Tuesday.

Business & Industry

Doubts over Pertamina plan to limit fuel purchases

PT Pertamina may have trouble limiting fuel transactions to stop panic buying in response to planned fuel price increases because of a lack of regulations for implementing the policy.

By: Staff Reporter
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