In Tuesday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page

 

Ex-PCI chief held in bribery case

Prosecutors on Monday arrested a former president of Pacific Consultants International (PCI) in connection with bribery allegations totaling 90 million yen in return for official development assistance (ODA) contracts in Vietnam.

 

Solar power lures big firms to Europe

Taking advantage of financial incentives for solar power generation, Japanese trading houses are stepping up investments in photovoltaic projects in Spain and elsewhere in Europe.

 

Business & Industry

 

No new updates

 

CHINA DAILY, China

Front page

 

No need for more tightening - Official

Does China need to further tighten its macro-control measures? How can China strike a balance between economic growth and lower inflation? Can China realize its goal of preventing excessive price rise in the second half of this year? Liu He, vice-minister of the Office of the Central Leading Group of Financial and Economic Affairs, offered answer to questions such as these in an interview given to People's Daily. Following are excerpts of that interview.

 

16 cops die in Kashgar terror strike

Sixteen policemen were killed when two terrorists drove a truck into an electricity pole and threw two home-made explosives on the cops in Kashgar, Xinjiang Uygur autonomous region, around 8 am yesterday.

 

Business & Industry

 

Airport in NE China scenic mountain area opens

Northeast China's scenic forest and ski resort of Changbai Mountain was further opened to tourists on Sunday with the operation of a new airport. The first flight, by China Southern Airlines, took about 40 minutes from Changchun, capital of Jilin province, to the Changbai Mountain Airport.

 

Futures trading volume up 76% in July

China's futures market witnessed a rapid growth in trade volume in July, led by an active trade in farm products such as sugar, soybeans, and aluminum.

 

TAIPEI TIMES, Taiwan

Front page

 

Xinjiang ‘attack’ leaves 16 police dead

CARNAGE: Two men were arrested after they allegedly struck using explosives and knives, while in Beijing authorities broke up a protest in Tiananmen Square

 

Kuang missing after returning from Europe

HAPPY HOLIDAYS?: Officials were looking for the Taitung county chief to question her about the nature of her frequent foreign ‘inspection’ trips
By Flora Wang

 

Business & Industry

 

HTC expects to meet 2 million sales target early

High Tech Computer Corp, the world’s biggest maker of mobile phones running Microsoft Corp’s system, expects to make its 2 million-unit sales goal for the latest Diamond series ahead of its year-end schedule because of stronger-than-expected demand, a company executive said yesterday.

 

Experts see NT dollar falling to NT$31:US$1

The New Taiwan dollar is likely to weaken to NT$31 against the greenback by the end of the year as overseas sales cool, HSBC Holdings PLC and ABN Amro Bank NV said.

 

KOREA HERALD, South Korea

Front page

Lee-Bush talks focus on N.K., security

U.S. President George W. Bush will arrive in Seoul today for a summit with President Lee Myung-bak. They will focus on North Korea and mutual security issues.

 

Opposition ups attack over bribery scandal

Opposition parties yesterday stepped up their offensive over a money-for-candidacy scandal involving a cousin of first lady Kim Yoon-ok, calling for a thorough investigation into the case.

 

Business & Industry

 

Foreign reserves drop by $10.6b in July

Korea's foreign exchange reserves plummeted by $10.6 billion in July due to the currency market intervention of the central bank and a stronger dollar, the Bank of Korea said yesterday.

 

Seoul eyes regional oil storage base

A joint venture comprised of Korean and foreign energy firms, including the state-run Korea National Oil Corp., will be launched in October to build a 6 million barrel oil storage facility in the southeastern port city of Yeosu, a high-ranking government official said yesterday.

 

NEW STRAITS TIMES, Malaysia

Front page

 

Seized syabu worth RM1m missing from police HQ

Some RM1 million worth of syabu, believed to be from the biggest drug bust of the year, has been reported missing from the state police headquarters.

 

Fuel prices may be set lower, says DPM

Fuel prices may be set lower if the government can afford to pay even more in subsidies than it does, the deputy prime minister said.

 

Business & Industry

 

Malaysia 'attractive' but fund managers wary

Although Malaysia market valuations are very reasonable now, the outlook remains uncertain given the political uncertainties, says a Hong Kong fund manager

 

YTL Power shortlisted to buy Senoko

YTL Power is one of five firms shortlisted by Temasek to buy Senoko Power in a deal that market players have said could fetch about US$3 billion

 

BUSINESS TIMES, Singapore

Front page

 

Singapore's 'gateway to Asia' tag takes a beating

A recent poll of global investors shows Singapore is not considered the great gateway to Asia it is often said to be. The investors put Singapore behind Japan, Hong Kong and China in that role.

 

Costs get in the way of research on companies

Participation in the Singapore Exchange Research Incentive Scheme (RIS) has flagged steadily over its three phases since it was launched in 2003 to bolster research on listed companies.

 

Business & Industry

 

No new updates

 

BANGKOK POST, Thailand

Front page

 

Waiting for Thaksin
With the odds seemingly piling up against him, the question most people want answered is what Thaksin Shinawatra will do next - throw in the towel and quit politics for good, or fight on like a cornered animal?

 

The Bush agenda
US President George W Bush is to arrive in Bangkok on Wednesday in the middle of his final official visit to Asia. In Thailand he’ll deliver a major policy speech as well as liaise with Burma dissidents.

 

Business & Industry

 

No new updates

 

JAKARTA POST, Indonesia

Front page

 

RI welcomes foreign students keen to learn more

They come from different countries and represent different cultures, but they have one thing in common: They all love Indonesia and its unique culture.

 

Business & Industry

 

No new updates

 

 

By: Staff Reporter
+44 20 8652 3214

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