In Monday's Asia papers

27 April 2009 02:00  [Source: ICIS news]


Front page

Kawamura wins in Nagoya
Takashi Kawamura, a former Lower House member supported by Minshuto (Democratic Party of Japan), looked set Sunday to become Nagoya's next mayor.

Japan takes steps to keep out swine flu
Japan on Sunday strengthened measures to prevent swine flu from entering the country following reports that an outbreak killed dozens of people in Mexico and had spread to the United States.

Business & Industry

No new updates.


Front page

Mainland companies can invest in Taiwan
The mainland and Taiwan signed three agreements to replace chartered flights with regular ones, jointly combat crime and boost cooperation in finance.

China on alert as flu kills 81 in Mexico
China has joined a worldwide surveillance against a hitherto unknown swine flu that has killed at least 81 people in Mexico and threatens to turn into a global pandemic.

Business & Industry

Central SOEs profits decline in Q1, but more slowly
Profits of companies controlled by China's central government continued to fall in the first quarter but at a slower pace, as the stimulus package showed positive effects on their performance.

Australia clears Minmetals plan to buy OZ
The Australian government has cleared China Minmetals' $1.21 billion proposal to acquire the mining assets of OZ Minerals Ltd subject to certain conditions.


Front page

Pacts deepen economic ties, add flights
The SEF and ARATS chairmen agreed to three new pacts yesterday and agreed to start talks on an ECFA, although no timetable was established

Asia steps up precautions against swine flu
Asian health officials went on alert yesterday as a flu strain that has killed up to 81 people in Mexico appeared to have spread to New Zealand, underscoring warnings of a potential pandemic.

Business & Industry

Analysts laud cross-strait pact
The financial cooperation pact signed yesterday takes effect immediately and paves the way for cross-strait agreements on financial supervision

Notebook shipments may decline
Merrill Lynch said tight component supplies and inventory adjustments might contribute to a 6 percent drop in shipments from last month


Front page

Prosecutors to summon Roh Thursday
Prosecutors said yesterday they will summon former President Roh Moo-hyun on Thursday to question him over his alleged involvement in a massive corruption scandal surrounding him and his associates.

Seoul tightens quarantine inspections
Asian health authorities were on alert yesterday, with some checking passengers and pork products from Mexico and the United States, as the World Health Organization declared the deadly swine flu outbreak a public health emergency of "pandemic potential."

Business & Industry

Manufacturing shrinks 13.5% in Q1
Despite a recent thawing mood in markets, the country's manufacturing sector is still in the grips of a big chill from the global economic slowdown, central bank data showed yesterday.

Securities firms revise corporate outlook upward
Securities firms are increasing their estimations of major KOSPI-listed companies' second quarter and annual financial performance, with many companies' first quarter results exceeding original expectations.


Front page

Homes at only RM50 rent for poor
The state government has spent RM3.6 million to build 50 houses in Taman Rumahku Syurgaku (RKSK) in Bukit Katil for families earning less than RM720 a month.

Pirates stealing nets now
Pirates stole fishing nets valued at RM35,700 from three boats in the Straits of Malacca at dawn yesterday.

Business & Industry

Bigger foreign equity in insurance?
Bank Negara Malaysia is set to lift the cap on foreign equity participation in the insurance sector as it kick-starts the last phase of the 10-year Financial Sector Masterplan.

Targeting works worth RM100m
Eastern Pacific Industrial Corp Bhd (EPIC) hopes to secure half of the RM200 million worth of fabrication works it has submitted bids for via subsidiary EPIC Mushtari Engineering Sdn Bhd (Mushtari) this year.


Front page

Japan cabinet OKs record extra budget for stimulus
Japan's cabinet approved on Monday its largest ever extra budget to try to rescue the economy from a recession, bringing total budget spending for the year to next March to a record 102 trillion yen.

Canadian workers accept Chrysler deal
An overwhelming majority of workers at Chrysler Canada voted to accept a labour concession deal reached between their union and the beleaguered automaker, a union official said on Sunday.

Business & Industry

Malaysia's RHB plans Korean sukuk roadshow
Malaysia's RHB Investment Bank will launch a RM500 million -RM1 billion (US$139.5 million-US$279.1 million) Islamic bond issue in a roadshow next month, a newspaper reported on Monday.

Chrysler and Fiat reach concession deal
The United Auto Workers union says it has reached a concession agreement with Chrysler, Fiat and the US government.


Front page

PAD opposes referendum
The yellow shirts and several civil groups oppose the prime minister's plan to ask the country for its opinion on amnesty for politicians.

There 'lies' the problem
Is Puea Thai right that the Songkran crackdown was a vicious attack on peaceful protest? Let's see... no.

Business & Industry

Panga Vathanakul, one of the country's most experienced hoteliers, is not someone who is ordinarily prone to emotion.

Aid to developing world
IMF and World Bank were to focus in talks Sunday on aid to developing countries battered by the global financial crisis.


Front page
Jakarta to tender $40m Pulogebang Terminal
The Jakarta administration plans to hold a bid for the development of the Pulogebang terminal in East Jakarta, worth Rp 450 billion (around US$40 million), this July.

KPU refuses to acknowledge validity of PDI-P’s proof
The General Elections Commission (KPU) refuses to acknowledge the validity of a recent mysterious CD discovered by the Indonesian Democratic Party of Struggle (PDI-P).

Business & industry

PLN proposes to swap dollar loans for China's Yuan

State power firm PT PLN will propose to swap its dollar-denominated loans from Chinese banks to yuan to help reduce foreign exchange costs.

IDX suspends Trimegah

The IDX has sanctioned Trimegah, for causing technical glitches in Thursday's trading, but the market authority says it was not a big problem.

By: Staff Reporter
+44 20 8652 3214

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