In Wednesday's Asia papers

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


Front page

No new updates

Business & Industry

No new updates.


Front page

China steps up fight against swine flu
There has been no report of a suspected or confirmed human case of swine flu in China and state leaders called for stepped-up prevention and control measures

Sarkozy's invitation to Hu confirmed
China is keen to maintain high-level official exchanges, said the Foreign Ministry, confirming that French President Sarkozy has invited President Hu on a state visit.

Business & Industry

Too early to gauge effect, experts say
Fears that a swine flu outbreak could turn into a global pandemic dampened China's market sentiment, yet economists said it was still early to tell how much it was going to affect the country's real economy.

Peru FTA inked in quick time
China signed a free trade agreement with Peru covering commodities, services and investment - the second in Latin America following the pact inked with Chile in 2005.


Front page

Taiwan on full alert against swine flu
Two men — one Taiwanese and one Greek — who recently visited Mexico and had high fevers were confirmed not to be suffering from swine flu.

Students quarantined in Canada, red alert issued for Mexico
The Ministry of Foreign Affairs raised the nation’s travel alert for Mexico to “red” as the number of suspected swine flu patients in the North American country kept rising yesterday.

Business & Industry

Travel stocks drop 5% over swine flu outbreak
Analysts said tourism and the travel industry would suffer first from the outbreak of swine flu, while discretionary spending would be next in line

TIER trims forecast for GDP growth
David Hong, the president of TIER, said slumping raw material and oil prices as well as an investment freeze were responsible for sluggish imports


Front page

Korea reports first possible swine flu case
Tests showed that a Korean woman is likely to have contracted swine flu, health officials said yesterday. Officials are waiting for confirmation from the United States that the virus is swine flu.

Seoul wary of economic fallout of deadly flu
The spread of swine flu could deliver a setback to the Korean economy that now shows signs of recovering, economists said yesterday. They said the outbreak of the deadly virus could hurt international trade, potentially hitting the Korean economy heavily reliant on exports.

Business & Industry

2010 budget to address fiscal balance
The Finance Ministry said yesterday that it would focus on improving fiscal soundness when it draws up its budget for 2010, as reduced tax revenue from an economic slump and increased government spending are expected to damage fiscal balance. "We plan to focus more on improving fiscal health as we increased spending last year and will spend more under an extra budget this year," Vice Finance Minister Lee Young-geol said in a media briefing.

GM says no help for Daewoo unless KDB comes to rescue
General Motors Corp. will not provide support for its struggling Korean subsidiary GM Daewoo Auto and Technology Co. if its Korean creditor does not join the automaker's rescue, GM's chief finance officer Ray Young was quoted as saying Monday.


Front page

SWINE FLU: Steps taken to prevent outbreak
As the swine flu threatens to become a pandemic with the World Health Organisation warning that no region was safe from the outbreak, Malaysia's National Preparedness Plans for Pandemic Influenza is being primed for activation.

Students are mall's top models
It was a memorable day for business student Belvin Ang Teik Lai and chemical engineering student Nurlina Abdul Mutalib as they bagged the Model Search 2009 awards at the Queensbay Mall on Sunday.

Business & Industry

Blasting a trail in the Mideast
Spectrablast Technologies Sdn Bhd has won a contract worth over RM100 million to help maintain highways in Abu Dhabi in the United Arab Emirates, its chief said.

US bank, flu fears grip global markets
Fears about a possible global flu crisis and renewed worries over the capital health of some US banks combined yesterday to rattle economists' hopes the financial system was stabilising.


Front page

Obama health secretary sworn in as flu concerns loom
President Barack Obama's new Health and Human Services Secretary Kathleen Sebelius was sworn in Tuesday shortly after her confirmation by the US Senate, against the backdrop of global swine flu fears.

EMC senior exec Donatelli departs for HP
Hewlett-Packard Corp named David Donatelli as executive vice president of enterprise servers, storage and networking on Tuesday, hours after he unexpectedly stepped down as president of EMC Corp's biggest division.

Business & Industry

S Korea reports record current account surplus in March
South Korea achieved a record current account surplus of US$6.65 billion in March as imports fell more sharply than exports, the central bank said on Wednesday.

Japan: Stock market closed for national holiday
The Tokyo Stock Exchange is shut on Wednesday for a national holiday - Showa Day. Trading will resume on Thursday.


Front page

Asia tightens up
"It is very likely we are at the beginning of a pandemic," says a microbiologist as strict measures try to stop the spread of swine flu.

Soldier's death inquiry
Deputy Prime Minister Suthep Thaugsuban demands a probe into the death of a soldier at an army residence where he and the prime minister stayed.

Business & Industry

Swine flu likely to hurt Thai pork
The outbreak of deadly swine flu in Mexico will inevitably affect Thailand's 70-billion-baht pork industry, experts say.

Deutsche Bank posts strong results
Becoming the latest global bank to offer hope for a reversal of the financial crisis.


Front page

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Business & industry

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By: Staff Reporter
+44 20 8652 3214

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