In Wednesday's Asia papers

13 August 2008 01:55  [Source: ICIS news]

ASAHI SHIMBUN, Japan

 

Front page

 

Report: National doctors deserve 11% pay raise

To help ensure that national medical institutions can gain and keep enough doctors, the National Personnel Authority is urging an average 11-percent raise in their pay scales for fiscal 2009.

 

Business & Industry

 

CGPI rise fastest in 271/2 years

The Corporate Goods Price Index, which measures prices of commodities traded among companies, in July rose at its fastest pace in 271/2 years, the Bank of Japan said Tuesday.

 

CHINA DAILY, China

 

Front page

 

Russia halts operation in Georgia

Russian President Dmitry Medvedev ordered a halt to military operations in Georgia Tuesday, saying Moscow had achieved its objectives by punishing Tbilisi.

 

Quality key to post-quake rebuilding

The government insisted yesterday that the highest standards will be maintained in the reconstruction of public buildings - including schools and hospitals - destroyed by the May 12 earthquake.

 

Business & Industry

 

Now is the time to cut taxes, say economists

The nation's ballooning State coffers offer an opportunity for tax cuts, which would benefit both enterprises and residents trying to cope with a slowing world economy and rising inflation.

 

CPI drops to 6.3%, lowest since Sept

The consumer price index (CPI) fell to a 10-month low of 6.3 percent in July, the National Bureau of Statistics (NBS) said Tuesday.

 

TAIPEI TIMES, Taiwan

 

Front page

 

Medvedev says military action over in Georgia

 

Russian President Dmitry Medvedev ordered a halt to military action in Georgia yesterday, after five days of air and land attacks that took Russian forces deep into the small Western-allied nation.

 

Chinese authorities arrest 90 Uighurs after blasts: report

A campaigner for independence in China’s heavily Muslim far west said yesterday that police have arrested 90 people and were torturing some following a series of bombings that left a dozen people dead — allegations a government official immediately denied.

 

Business & Industry

 

CEPD to assess gambling push

The Council for Economic Planning and Development (CEPD) said yesterday it may release a report in December on whether the nation should permit the development of the gambling industry to boost its tourism and the economy.

 

Lite-On margin set for a lift on rising demand

Local electronics component maker Lite-On Technology Corp yesterday said it was on track to lift its operating margin in the second half of the year, thanks to rising demand for its main products — such as power supplies — in the traditional high season.

 

KOREA HERALD, South Korea

 

Front page

 

Special pardon granted for 340,000 people

President Lee Myung-bak yesterday decided to grant a special pardon to over 340,000 people on Aug. 15, Liberation Day.

 

Former KBS President Jung arrested

Prosecutors yesterday arrested the former chief of the staterun broadcaster KBS for breach of trust.

 

Business & Industry

 

Stations protest retailers' move to sell gas

A group of gas stations yesterday demanded major retailers and oil refineries withdraw their plan to sell gas at discount stores, saying it would force small vendors out of business.

 

First private oil fund to invest in Texas field

Korea's first private equity fund investing in overseas oil and gas fields will make its first investment in an oil field in Texas, an oil consulting firm advising the fund said yesterday.

 

NEW STRAITS TIMES, Malaysia

 

Front page

 

Political agenda behind allegation, says Labuan MP

KENINGAU: In what can be considered a rarity among VIPs, Labuan Member of Parliament Datuk Yussof Mahal has come out to say that he may be the high-ranking Sabah politician being investigated by the Anti-Corruption Agency for alleged abuse of power, forgery and bribery.

 

PM slams Khalid over call to open UiTM to non-Bumis

SERDANG: Prime Minister Datuk Seri Abdullah Ahmad Badawi has ticked off Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim for proposing that Universiti Teknologi Mara (UiTM) be opened to non-Bumiputeras.

 

Business & Industry

 

Bolton plans RM3b projects

The developer is planning to build mostly high-end residential units in the Klang Valley as developers that focus on the middle- and lower-income market are in a tough spot now

 

SC orders Oilcorp to do another audit for 2007 accounts

The contract value, cost and profitability of the project given to Oilcorp by Plant Biofuels Corp require further clarification, says the Securities Commission

 

BUSINESS TIMES, Singapore

 

Front page

 

Catalist sponsor's stake sparks debate

The decision by a Catalist sponsor to take shares as payment for sponsoring a recent listing has spawned a debate in market circles over a potential conflict of interest.

 

M'sia-S'pore bilateral trade jumps 11% to $58b in H1 2008

TRADE between Singapore and Malaysia rose 11 per cent year on year to hit a record $57.9 billion in the first six months of this year, a conference was told yesterday.

 

Business & Industry

 

Chariots of finance

ATHLETES of the world are limbering up for their chance to take home the gold in Beijing. For some, 2008 will mark a career high; for others, crushing disappointment awaits. It's all a bit like the financial world. Wall Street has been put through its paces this year too, with superhuman feats, photo finishes and tearful losses. In honour of the 2008 Olympic Games, here are a few medals Breakingviews would like to see awarded.

 

Two of its ex-directors offered indemnity

THE current shareholders of Raffles Town club (RTC) - Margaret Tung and Lin Jian Wei - offered to indemnify two of the four defendants named in another lawsuit if they helped to nail well-known remisier Peter Lim, who is also one of the four defendants, the court heard yesterday.

 

BANGKOK POST, Thailand

 

Front page

The great getaway

Discussions on whether and why Thaksin Shinawatara should go into exile and seek political asylum lasted a month, before a decision was made and plans were finalised.

 

Australia PM Rudd sees Pacific union in 12 years

Singapore (dpa) - Australian Prime Minister Kevin Rudd praised the Association of Southeast Asian Nations on Tuesday while pushing his vision of an Asian Pacific Community by 2020.

 

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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