In Monday's Asia papers

08 June 2009 02:00  [Source: ICIS news]

ASAHI SHIMBUN, Japan

Front page

Japan to cut emissions by 7% by 2020
Prime Minister Taro Aso will commit Japan to a reduction in greenhouse gas emissions of 7 percent from 1990 levels by 2020, or 14 percent from 2005 levels, in an announcement as early as Wednesday, sources have revealed

Riches from the rubble
Partly damaged and crumpled 10,000 yen notes are laid out on the floor at a police station in Kitagata, Gifu Prefecture, on Saturday.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

Sino-US-Japan talks to focus on key issues
The world's three largest economies - the US, Japan and China - are expected to hold unprecedented trilateral talks next month to find solutions to issues of common interest.

US airlines go slow on China routes
The United States carriers delay or reduce routes between the US and China as recession takes its toll on travel.

Business & Industry

Seeking grassroots jobs encouraged
Chinese Premier Wen Jiabao has urged the country's college students to find grassroots jobs in less developed regions as the economic downturn increases pressures in employment market.

Mainland tourists pack bags for DPRK
A travel agency took its first group of 24 travelers from Shanghai to the Democratic People's Republic of Korea (DPRK) after the Chinese government formally awarded it destination status late last year.

TAIPEI TIMES, Taiwan

Front page

Ma plans ocean affairs ministry
President Ma Ying-jeou said yesterday the government will draw up a two-stage plan to establish a ministry of oceanic affairs to oversee all maritime and fishery matters.

Wu hedges on KMT chairmanship
Chinese Nationalist Party (KMT) Chairman Wu Poh-hsiung was noncommittal yesterday on whether he would seek re-relection, but asked the public not to think he has been pushed aside if he chooses not to run.

Business & Industry

Chinese TV group places big orders
During a week-long visit, the group representing the nine leading Chinese TV manufacturers examined the wares of Taiwan’s major flat-panel makers

FEATURE : ULV technology figures prominently at Computex
Slim, energy-efficient notebooks took center stage at the trade show. Shipments are expected to reach between 8 million and 10 million units this year

KOREA HERALD, South Korea

Front page

Written nuclear pledge bolsters alliance with U.S.
The latest agreement between the United States and South Korea to document Washington's extended provision of its nuclear umbrella over Seoul is seen as further steps to bolster the alliance in the face of continued North Korean threats.

Q2 earnings add to optimism of recovery
Korean companies are projected to report a sharp improvement in their second-quarter earnings, adding to optimism on an earlier than expected economic recovery.

Business & Industry

Daewoo vying for Indonesia sub contract
Daewoo International Corp., a major Korean trading company, said yesterday it was bidding to export two submarines to the Indonesian navy this year. The company is pushing to boost its arms sales. If Daewoo succeeds in clinching the deal - which could be valued at $1.2 billion - it would be the first time that Korea will have sold submarines to a foreign country.

Money changing hands at slowest pace
The speed at which money changes hands in Korea fell to the lowest level on record in the first quarter of this year, indicating subdued economic activity despite efforts to revitalize the slowing economy.

NEW STRAITS TIMES, Malaysia

Front page

Party stickers for polling day cars
The Election Commission (EC) will limit the number of party vehicles ferrying voters to polling centres on the day of the Manik Urai by-election.

Angler overcomes setbacks to land a whopper
Some welfare homes and orphanages in Cheras, Kuala Lumpur, are in for a small windfall, thanks to Fadhil Abdul Ghani.

Business & Industry

HSBC remains bullish
There is no significant rise in bad loans so far, and HSBC does not expect to cut staff, says chief executive officer Irene M Dorner.

PK helps manage bad loans worth RM1b
45 people have exited from the debt programme, with RM4.8 million loans managed by the Credit Counselling and Debt Management Agency

BUSINESS TIMES, Singapore

Front page

M'sia: Shares edge up 0.3%
Malaysian shares started the week steady with the key Kuala Lumpur Composite Index up 3.41 points, or 0.32 per cent, at 1,078.91.

JAL plans 10% capacity cut: CEO
Asia's largest carrier, Japan Airlines (JAL) plans to reduce capacity on its international routes by 10 per cent for fiscal year 2010, its head said on Monday.

Business & Industry

Japan Apr current account surplus falls 54.5%
Japan's current account surplus fell 54.5 per cent in April from a year earlier, data showed on Monday, as exports remained depressed and income gains from investment sagged.

CapitaLand gets US$3.7b credit lines from China banks
CapitaLand, Southeast Asia's biggest developer, said on Monday it has arranged for credit lines of up to 25 billion yuan (US$3.7 billion) from two major Chinese banks to fund its China projects.

BANGKOK POST, Thailand

Front page

Basic instinct
One highway policeman has seized more than a tonne of drugs, through nothing more than careful observation and common sense.

Carradine family upset
The family of the late actor David Carradine have launched strong anti-Thailand criticism, touched off by the death of the TV and movie star.

Business & Industry

Russia slams IMF reform delay
Developed nations are dragging their feet over reforms of IMF, where Moscow wants to have a greater say

Rio decision 'not a political move'
Rio Tinto's decision saved the Australian government from having to make a politically sensitive decision

JAKARTA POST, Indonesia

Front page

15 more bodies found in Atlantic Air France crash
Search ships methodically worked through a "sea of debris" from a doomed Air France jet Sunday, recovering 15 more bodies near the spot where the Airbus A330 is believed to have gone down a week ago.

By: Staff Reporter
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