In Thursday's Asia papers

28 May 2009 02:00  [Source: ICIS news]

ASAHI SHIMBUN, Japan

Front page

No new sanctions in cards for North
Government officials busily preparing a draft of a new United Nations Security Council resolution condemning North Korea for its underground nuclear test are wary about inserting any mention of new sanctions.

For Tokyo, catch of the day now closer to home
On an April morning at the Kanaya port in Futtsu, Chiba Prefecture, boats from the Amaha fishing cooperative were busy unloading sea bream, Japanese seabass, horse mackerel, sardines and other varieties of fish caught in a fixed net about 1.5 kilometers offshore.

Business & Industry

Still bumps in road to better economy
Signs of a budding recovery in exports and production prompted the government on Monday to raise its assessment of the state of the economy, but concerns linger over deteriorating job conditions and the impact of the recent swine flu outbreak on business.

CHINA DAILY, China

Front page

Mainland open to DPP visits
Officials from Taiwan's opposition are welcome to visit the Chinese mainland, and the mainland will send seven to nine purchasing groups to Taiwan between May and September.

Dalai Lama invite 'could hurt ties'
Chinese observers believe an invitation from Paris Mayor to the Dalai Lama could derail Sino-French relations just as they were getting back on track.

Business & Industry

Stimulus money reaching destination
Government auditors have detected some misconduct in the implementation of the nation's fiscal stimulus package, but overall they are pleased with how it has progressed.

Haier plans stake buy in NZ firm
Chinese home appliances maker Haier yesterday said it planned to acquire a 20 percent stake in its New Zealand counterpart Fisher & Paykel.

TAIPEI TIMES, Taiwan

Front page

N Korea threatens South, restarts plutonium plant
North Korea, facing international censure for this week’s nuclear test, yesterday threatened to attack South Korea after it joined a US-led plan to check vessels suspected of carrying equipment for weapons of mass destruction.

Wu shrugs off criticism over ‘island’ remarks
Chinese Nationalist Party (KMT) Chairman Wu Poh-hsiung yesterday shrugged off criticism of his use of the term daonei to refer to Taiwan during a meeting with Chinese President Hu Jintao on Tuesday, and called on the Democratic Progressive Party (DPP) not to over-interpret the issue.

Business & Industry

Saudis say market could handle US$75-US$80 oil
The global economy has strengthened enough to cope with oil at US$75 to US$80 a barrel and that level will be hit soon as fuel demand picks up, Saudi Oil Minister Ali al-Naimi said yesterday.

US recession to end in second half: NABE poll
The reeling US economy is poised to emerge from recession in the second half of the year, but recovery will be lackluster, a survey of economic forecasters showed yesterday.

KOREA HERALD, South Korea

Front page

N.K. says not bound to armistice
North Korea said yesterday it would conduct military strikes and would no longer be bound to the armistice agreement in response to Seoul's recent decision to fully join the Proliferation Security Initiative.

Major global news media's coverage of North Korea's nuclear test
Following is the collection of summarized articles by major news media in the world on North Korea's nuclear test and its impact on the international community.

Business & Industry

Focus key to green growth, Peters says
Selecting and focusing on a small number of sectors and nurturing small- and medium-sized enterprises are the key to Korea successfully achieving green growth, U.S. business writer Tom Peters said.

Korea expands incentives to attract FDI
The government will expand the value of cash grants for foreign businesses and temporarily remove the minimum investment requirements imposed on those wanting state subsidies, officials said yesterday.

NEW STRAITS TIMES, Malaysia

Front page

Press awards sponsorship continues
Despite the current economic downturn, the state government and Shell Malaysia are continuing with their support for the annual Kinabalu-Shell Press Awards.

Suspected car thieves nabbed
PASIR MAS: Police detained seven suspected car thieves and recovered three stolen vehicles in a month-long operation against car theft syndicates.

Business & Industry

Scomi closer to US$3b Bahrain monorail job
Scomi Engineering is about to start identifying the exact route of the monorail and stations as well as how the project will be financed.

Owners sell 9pc of Genting Singapore
A total of 853.8 million Genting Singapore shares were sold for S$615 million, sources say

BUSINESS TIMES, Singapore

Front page

Don't assume crisis over: BOE
The world should not assume that the worst of the global economic crisis is over, Bank of England monetary policy committee member David Blanchflower said in comments published on Thursday.

Panel to help Singapore economy chart new course
Faced with a structural shift in the world economy and an uncertain outlook that may force companies to lay off more workers, Singapore will need new long-term strategies for growth and development.

Business & Industry

HK: Stock market closed for holiday
Financial markets are shut on Thursday for the annual dragon boat festival holiday. Share trading will resume on Friday.

S Korea April c/a surplus clings near record high
South Korea's current account surplus slightly fell in April from a record high during the previous month as a rebound in the won increased overseas travel, central bank data showed on Thursday.

BANGKOK POST, Thailand

Front page

Porntiva's comeback
A peace treaty of sorts settled a Democrat-Bhumjaithai dispute. It lets the commerce minister pick a panel to sell high-value mortgaged farm produce stocks.

Surprise successor
Thaksin Shinawatra has approached ex-premier Chavalit Yongchaiyudh about becoming leader of the Puea Thai Party

Business & Industry

CP plans expansion in rubber industry
CP Group is strengthening its upstream rubber industry with plans to sell one million saplings of a newly developed rubber variety next year.

China to boost exports
China on Wednesday unveiled new measures to help export.

JAKARTA POST, Indonesia

Front page

No new updates.

Business & industry

No new updates.

By: Staff Reporter
+44 20 8652 3214

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