In Thursday's Asia papers

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

Front page

Tainted "gyoza" sicken Chinese

Several Chinese fell ill from ingesting a pesticide from frozen gyoza dumplings made by the same Chinese company whose products made 10 Japanese sick, government sources said.

Deadly sewer torrent gushed at 7 times usual speed

Stormwaters that flooded a sewage tunnel in Tokyo on Tuesday flowed at such force the five maintenance workers swept away apparently stood no chance, metropolitan government officials said.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

Storm Kammuri prompts evacuation of nearly 400,000 people

Guangzhou -- At least 388,000 people in Guangdong, Hainan provinces and the Guangxi Zhuang autonomous region have been evacuated due to tropical storm Kammuri, the Office of the State Flood Control and Drought Relief Headquarters said Wednesday.

4 foreigners ordered to leave after Tibet move

Two US and two British nationals were ordered to leave China after they broke security and Olympic Games rules to display "free Tibet" banners in Beijing Wednesday.

Business & Industry

No new updates.

TAIPEI TIMES, Taiwan

Front page

Presidential Office opens Chen files

OUT IN THE OPEN: Chan Chun-po said five categories of documents related to the ‘state affairs fund’ would be declassified, including receipts and budget books

Gou says Hon Hai to boost level of Taiwan investment

Hon Hai Precision Industry Co chairman Terry Gou yesterday said he would expand domestic investment because he has confidence in government policy, but suggested that local government chiefs propose more incentives for businesses.

Business & Industry

Asustek shows 22% drop in net income

UNFAZED: CEO Jerry Shen said notebook shipments are expected to grow by 30 percent while Eee PC shipment growth could reach 50 percent in the current quarter

Gasoline prices to be adjusted weekly, take effect on Saturdays

The Ministry of Economic Affairs (MOEA) yesterday said CPC Corp, Taiwan (CPC) would announce a new fuel price adjustment on Friday by comparing the average crude oil price from Aug. 1 to Aug. 7 with the average oil price in June [US$129.2 per barrel].

KOREA HERALD, South Korea

Front page

Lee, Bush press N.K. over human

The leaders of South Korea and the United States yesterday pressed North Korea to improve its human rights conditions and accept rigorous terms for its nuclear program verification.

Blue House in candidacy scandal?

Cheong Wa Dae faces fresh accusations of corruption, as prosecutors heard that the cousin of first lady Kim Ok-hee had the presidential office petitioned after a man who offered her money failed to become the ruling party's proportional representation candidate in the general election.

Business & Industry

Trade deficit with Japan widening

Deepening challenges mean that Korea is on track to post a record trade deficit with Japan this year, while its surplus with China is likely to shrink, experts said yesterday.

Real interest rates drop to zero in June

The nation's real interest rates - interest rates adjusted for inflation - dropped to zero for the first time in 41 months in June as commodity prices pushed up inflation, industry data showed yesterday.

NEW STRAITS TIMES, Malaysia

Front page

10 days for campaign during school holidays

The Permatang Pauh by-election will be held on Aug 26 with a 10-day campaign period from nomination day on Aug 16. Nomination will be on a Saturday at the start of the school term holidays with polling on a Tuesday just after schools re-open.

I will turn up, says Anwar

While claiming that there is a political conspiracy against him, Pakatan Rakyat de facto leader Datuk Seri Anwar Ibrahim said he would still turn up in court today to face the sodomy charge levelled against him.

Business & Industry

'Maybank directors have to go if deal falls through'

The Minority Shareholder Watchdog Group says it is against the BII deal for three reasons: the bank was late in entering the market, the pricing and the timing

Lafarge to pay RM700m in dividends?

Higher cash dividends, special cash dividends and capital repayment by the cement producer cannot be ruled out over the next 12 months, say analysts

BUSINESS TIMES, Singapore

Front page

Insurers line up to serenade Asia's rich

Asia's rich and high net worth clients have long been wooed by private banks. Now insurance companies have also set their sights on them.

Fed tells Wall St it's moving to the sidelines

SINCE enacting the last of its seven consecutive interest rates cuts in March in response to the sharp housing crash and turmoil in the credit and financial that brought short-term interest rates down by 3.25 percentage points since mid-September, the Fed has been beating the inflation drum. It has threatened that it might feel compelled to begin raising rates in order to head off rising prices being pushed ever higher by high commodity prices, especially oil - of course - as soon as summer.

Business & Industry

'Reputational damage' better as punishment: OFT

WHEN it comes to dishing out punishments to companies guilty of anti-competitive practices, simply fining them is not a good enough deterrent to ensure that they learn their lesson..

S'pore may top growth in H2 outbound travel

SINGAPORE is expected to post the biggest growth in outbound travel in the Asia-Pacific in the second half of this year, with a 23 per cent year-on-year rise to more than four million departures.

BANGKOK POST, Thailand

Front page

'Make Burma free'

United States President George W. Bush has vowed to "seek an end to tyranny" in Burma and on Thursday will demand the release of democracy leader Aung San Suu Kyi.

Chopper tragedy

An armed forces helicopter crashed on a mission in the deep South on Wednesday. All 10 military men aboard were killed.

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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