In Wednesday's Asia papers

06 August 2008 02:11 [Source: ICIS news]

Front page

5 swept away by storm flood in sewer

Five maintenance workers were swept away while repairing a sewage system in Tokyo's Toshima Ward during Tuesday's thunderstorm, police and firefighters said.

Survivor of Aum's '94 sarin attack dies while in coma

MATSUMOTO, Nagano Prefecture--A woman who was left comatose after Aum Shinrikyo's sarin gas attack here 14 years ago died early Tuesday of respiratory failure, her husband said.

Business & Industry

No new updates

CHINA DAILY, China

Front page

Chinese currency set lower 5 days in a row

The central bank set the mid-point of the yuan's exchange rate lower against the dollar for a fifth consecutive day Tuesday, stoking expectations for more fluctuations in the yuan's exchange rate.

IOC: Beijing's air is safe for one and all

Beijing's air does not pose any health risk for athletes, officials and other visitors, the International Olympic Committee (IOC) said Tuesday.

Dispelling all fears over overcast and hazy skies in the city, the IOC said data on Beijing's air quality is being assessed on an hourly basis.

Business & Industry

No new updates

TAIPEI TIMES, Taiwan

Front page

Kuang quizzed by prosecutors

SLEEPING ON IT: The Taitung County commissioner spoke to prosecutors yesterday after disappearing following the questioning of other Taitung officials on Monday

Mixed reception as Bush begins Asia trip in Seoul

US President George W. Bush began his Asian trip yesterday, arriving in South Korea’s capital in advance of talks with the nation’s conservative, pro-US president, Lee Myung-bak.

Business & Industry

Consumer prices hit 14-year high

FOOD FOR THOUGHT: The agency said the CPI index will rise even higher next month because of soaring fuel and raw material costs before declining as usual in the fall

Les Enphants hedging its bets amid reduced sales

DOMESTIC DOWNTURN: While the actual percentage drop in sales was small, it was a big change for the children’s clothing firm, firm president Eric Lin said

KOREA HERALD, South Korea

Front page

Bush to request Seoul's bigger role

U.S. President George W. Bush will ask South Korea to play a bigger role in securing Afghanistan and other parts of the world during today's summit with President Lee Myung-bak, a senior Bush aide said.

Pressure building on KBS president

State auditors yesterday called for the resignation of Jung Yun-joo, the president of the state-run Korean Broadcasting System, for incurring billions of won in losses through mismanagement.

Business & Industry

Real trade loss reaches record high

The nation's real trade loss hit an all-time high of 54.9 trillion won ($54 billion) in the first half, reflecting worsening terms of trade, data by the Bank of Korea showed yesterday.

Government targets unfair price hikes

The government will clamp down on unfair price hikes in the service industry and follow up price-related consumer complaints with fair trade investigations to help stem inflation, officials said yesterday.

NEW STRAITS TIMES, Malaysia

Front page

ACA to reopen files on MRR2 over graft claims

The Anti-Corruption Agency will reopen its files on previous allegations of corruption in the construction of the Middle Ring Road 2. It is also planning to question the contractors involved in building the RM238.8 million highway (Package 11) which has so far incurred an additional RM70 million in repairs.

'Department told not to use carbon straps'

KUALA LUMPUR: The carbon fibre reinforced plastic straps supposed to strengthen the pillars beneath the Middle Ring Road 2 gave way on Sunday because of their limited ability to undergo change without breaking.

Business & Industry

MMC shares tumble

The stock falls 22 per cent on investors' concern that the company's RM2.2 billion acquisition of Senai Airport and Aliran Ihsan Resources is too pricey, say analysts

Mah Sing mulls RM1b Vietnam venture

MAH Sing Group Bhd, a Malaysian developer, is considering a Vietnam venture valued at more than RM1 billion (US$310 million) for its first step overseas, as a faltering home economy slows the company’s sales.

BUSINESS TIMES, Singapore

Front page

Citi runs up first quarterly loss since 2005

Credit-card securitisation drags it US$176m into the red for the second quarter

President steps down in wake of challenge

The president of the Singapore Cricket Club (SCC), Anwarul Haque, stepped down yesterday, after being threatened with legal action.

Business & Industry

Fee guidelines for property agents deemed anti-competitive

EXISTING commission guidelines for property agents - drawn up by industry body Institute of Estate Agents (IEA) - are likely to infringe the Competition Act, the Competition Commission of Singapore (CCS) said yesterday.

Sers scheme gets the thumbs up

RESIDENTS under the Selective En bloc Redevelopment Scheme (Sers) have shown strong support for the programme, said the Housing and Development Board (HDB) yesterday.

BANGKOK POST, Thailand

Front page

Pullback approved

The cabinet on Tuesday endorsed a Thai military withdrawal from the front lines at Preah Vihear temple, as Cambodia demanded that Thai forces also pull back from Ta Moan Thom temple in Surin province.

Almost a disaster

Beijing - Politics intruded just three days before the Beijing Olympics open, as former International Olympic Committee vice-president Richard Pound of Canada said that many western nations were in a boycott mood over China's crushing of the unrest in Tibet.

Business & Industry

No new updates

JAKARTA POST, Indonesia

Front page

No new updates

Business & Industry

No new updates

By: Staff Reporter
+44 20 8652 3214

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