In Monday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page

 

No new updates.

 

Business & Industry

 

No new updates.

 

CHINA DAILY, China

Front page

 

Torch carries light and hope to Sichuan

Fang Dongming said Sunday the field in front of his house has been packed like this only once before. But the last time so many people were there was on May 12 when the devastating earthquake hit Sichuan province.

Shenzhen home buyers bugged by mortgage dilemma

 

Shenzhen home buyers bugged by mortgage dilemma

To keep paying the mortgage or not? This question has been bugging 28-year-old Chen Jie for a month now.

The price of the two-room apartment she bought in September, located in Shenzhen's Nanshan district, has fallen by nearly 200,000 yuan, down from 11,000 yuan per sq m to 8,200 yuan per sq m.

 

Business & Industry

 

No new updates

 

TAIPEI TIMES, Taiwan

Front page

 

No new updates

 

Business & Industry

 

No new updates

 

KOREA HERALD, South Korea

Front page

 

N.K. to expel S. Koreans from resort

North Korea yesterday said it would deport most South Korean personnel at its Mount Geumgang resort and strictly control the entry of South Koreans at the military demarcation line.

 

GNP pushes for broad tax cuts

The ruling Grand National Party will push for wide-ranging tax cuts to light a fire under sagging domestic consumption, a senior official said yesterday.

 

Business & Industry

 

Low electricity and gas rates distort energy consumption

The government's control of electricity and gas prices may have helped relieve the household burden, but it also resulted in distortion of the domestic energy market, experts said yesterday.

 

Unviable Kosdaq firms face delisting

The nation's financial regulatory body said yesterday that it plans to revise listing rules in order to oust financially unviable companies from the nation's junior bourse.

 

NEW STRAITS TIMES, Malaysia

Front page

 

Four immigration officers, two middlemen arrested in I-Kad 'kenduri'

It looked like any other kenduri. There were tents put up and food was served to some 250 people who turned up for the "feast" at Felda Serting Satu here yesterday afternoon.

 

Yee Kiew joins PKR

MORE than 2,000 people, led by former MCA Wanita leader Datin Paduka Dr Tan Yee Kew, joined Parti Keadilan Rakyat today. Tan handed over the application forms of 2,079 people from various races.

 

Business & Industry

 

Commercial push by Glomac

The builder is reacting to the saturated residential market by moving into integrated commercial developments, says its group executive vice-chairman

 

Petronas unit buys more African assets

The acquisition of Shell's downstream business in Lesotho and Zimbabwe by Engen will provide it with an additional 200 million litres of refined petroleum products a year, says an Engen spokesperson

 

BUSINESS TIMES, Singapore

Front page

 

Safety in Reits? Don't count on it: analysts

High yields and strong results are making real estate investment trusts (Reits) stand out in a volatile market. But there is debate over their potential as defensive plays, with some market watchers cautioning that Reits are not necessarily safer bets because of their link to the cyclical property sector.

 

Citi to be charged over auction-rate securities sale

New York Attorney-General Andrew Cuomo plans to imminently charge Citigroup Inc, accusing it of fraudulently marketing and selling auction- rate securities, and destroying documents that had been subpoenaed.

 

Business & Industry

 

German downturn harsher than expected

(BERLIN) Germany's economic downturn will be harsher than many businesses expect, Deutsche Bank's chief economist was reported as saying on Saturday, after some leading companies showed signs of suffering from the global slowdown.

 

Island Power still has no pipeline access

US-OWNED Island Power is still unable to gain access to a Singapore pipeline to transport gas needed for its planned S$1 billion power station here - one full year after it filed an application to regulator Energy Market Authority to help it do so.

 

BANGKOK POST, Thailand

Front page

 

New temple uproar

Phnom Penh - Reports that a second sacred temple on the Thai- Cambodian border has been occupied by Thai troops has drawn an angry reaction from the public, Cambodian media reported Sunday.

 

New cabinet

Prime Minister Samak Sundaravej removed five ministers and announced six new appointments including several key members of the cabinet.

 

Business & Industry

IBT woos non-Muslim client groups

The Islamic Bank of Thailand (IBT), set up in 2003 to offer financial services in compliance with Islamic law, isn't only for Muslims, believes new chairman Somchai Virunhaphol. Instead, it needs to rebrand into an ''I-bank'', ready to offer services to all.

 

Businesses urge NESDB to broaden focus

The government's main economic think-tank needs to devise medium- and long-term strategies that promote both gross national product (GNP) and gross national happiness (GNH), say business leaders.

 

JAKARTA POST, Indonesia

Front page

 

No new updates

 

Business & Industry

 

No new updates

By: Staff Reporter
+44 20 8652 3214

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