In Tuesday's Asia papers

12 August 2008 01:57  [Source: ICIS news]

ASAHI SHIMBUN, Japan

 

Front page

 

Stimulus to come at a cost

The outline of an economic stimulus package being drawn up centers on insulating the domestic economy from stagnation and soaring gasoline prices.

 

Business & Industry

 

No new updates

 

CHINA DAILY, China

 

Front page

 

Fuel prices raise PPI to 12-year high

Rising energy prices pushed up producer price index (PPI) in July to 10 percent year-on-year, the highest since 1996 when data were first recorded.

 

Stocks slide to lowest in 19 months

Led by a plunge in metal and energy stocks, the benchmark index of the Chinese stock market Monday lost more than 5 percent to fall to its lowest level in 19 months amid growing concern about a slowing economy.

 

Business & Industry

 

No new updates

 

TAIPEI TIMES, Taiwan

 

Front page

 

Putin criticizes US over Georgia crisis

Russian Prime Minister Vladimir Putin sharply criticized the US yesterday, saying its support for Georgia in the conflict over the separatist region South Ossetia displayed a cynical Cold War mentality.

 

Bush pressures Beijing to do more in Darfur

US President George W. Bush said yesterday he had used talks with Chinese leaders during the Olympic Games to press them to use their influence with Sudan to help end the humanitarian crisis in Darfur.

 

Business & Industry

 

Taishin Financial posts NT$1bn profit

IMPACT OF TIES: President Lin Keh-hsiao said the firm would move ahead with its plan to raise capital by selling 45 million shares and expected better growth later this year

 

Taiwan Mobile hopes Garmin link will boost sales

Taiwan Mobile Co, the nation’s second-largest telecom operator, said yesterday it was working with positioning service (GPS) service provider Garmin Corp to offer GPS service on handsets in a bid to boost mobile data service revenues amid falling voice traffic.

 

KOREA HERALD, South Korea

 

Front page

 

Seoul to reform 41 state firms

The government said yesterday it will sell, merge or restructure 41 of the 305 state-owned companies in the first stage of its public sector reform program.

 

Parties agree on Assembly formation

Major political parties yesterday agreed to conclude discussions on the formation of standing parliamentary committees by tomorrow, in a significant step to put the National Assembly back on track.

 

Business & Industry

 

Credit cards account for 60% of private spending

Credit card spending in the first quarter of the year accounted for almost 60 percent of all private spending during the period, industry data showed yesterday.

Countries focus on renewable energy

Developed and developing countries around the world are looking to alternative energy as part of their efforts to reduce their dependence on crude oil and to enhance energy security, according to a report released yesterday.

 

NEW STRAITS TIMES, Malaysia

 

Front page

 

Slower economic growth to cool inflation
MALAYSIA'S slowing economic growth and recent falls in the prices of commodities will help cool inflation, especially in the second half of 2009, Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz said.

 

Easy pickings: 3kg ketamine stolen by inmate in police lock-up

Investigations revealed that the drug was stolen by a detainee being held in a cell at the station who then distributed it among the cellmates who consumed the evidence.

 

Business & Industry

 

MAS finalising payment options

The national carrier will now either opt for Japanese operating leases or export credit agencies to pay for its acquisition of five turboprop aircraft

 

Maybank chief meets Indonesian regulator

The Kuala Lumpur-based lender is exploring the best way to proceed with its stalled purchase of Bank Internasional Indonesia, says Indonesia's market regulator after meeting Maybank officials

 

BUSINESS TIMES, Singapore

 

Front page

 

Nikkei edges down, chip-related stocks lower

Japan's Nikkei stock average slipped 0.3 per cent on Tuesday, dragged lower by chip-related shares such as Kyocera Corp though blue-chip exporters managed to hold their own in the wake of a drop in oil.

 

US regulator distributes cheques to Vivendi shareholders

WASHINGTON - Over 12,000 investors around the world will soon receive cheques to compensate them for misleading financial reporting by French firm Vivendi Universal, US officials said on Monday.

 

Business & Industry

 

SingTel profit misses forecasts on strong S$

Singapore Telecommunications Limited, Southeast Asia's largest phone company, posted disappointing flat quarterly underlying net profit on Tuesday, as strength in the Singapore dollar crimped contributions from its regional mobile businesses.

 

Clear skies over Singapore for now: Merrill Lynch

THE outlook for the Singapore economy is bright, according to Merrill Lynch. As improbable as the forecast sounds - with the government cutting expectations for GDP and raising them for inflation - Merrill reckons the economy will accelerate and the Sing dollar will remain strong.

 

BANGKOK POST, Thailand

 

Front page

 

'Bring him back'

Authorities may try again to extradite former Prime Minister Thaksin Shinawatra, but anti-government protesters promised to step up their attempts to overthrow the government.

Analysis: End of an era

Deposed prime minister Thaksin Shinawatra's refusal on Monday to return to face four court cases on corruption charges effectively puts an end to his controversial political career, but his legacy may prove harder to kill.

 

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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