In Monday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page
No new updates.

Business & Industry
No new updates.

CHINA DAILY, China

Front page

Economy, security top SCO summit agenda
The global economic slowdown and regional security are high on the agenda of the annual summit of the Shanghai Cooperation Organization (SCO), which opens today in Yekaterinburg, Russia.

Sub, sonar collision 'inadvertent'
It is highly likely the recent collision of a Chinese submarine and a sonar array towed by a US warship in the South China Sea was due to misjudgment of distance.

Business & Industry

Economy, security top SCO agenda
The global economic slowdown and regional security are high on the agenda of the annual summit of the Shanghai Cooperation Organization (SCO), which opens today in Yekaterinburg, Russia.

Ping An to buy stake in Shenzhen Development Bank
China Ping An Insurance (Group), the nation's second largest insurer, said late Friday that it planned to buy stake worth up to a combined 22 billion yuan ($3.2 billion) in Shenzhen Development Bank.

TAIPEI TIMES, Taiwan

Front page

Official defends foundation reshuffle
The Presidential Office official yesterday denied that an upcoming personnel reshuffle at the Taiwan Foundation for Democracy (TFD) was politically motivated.

DPP begins bid to collect signatures for referendum
The Democratic Progressive Party (DPP) yesterday commenced its bid to collect 100,000 signatures in the first stage of a plan to call a referendum on the government’s planned economic cooperation framework agreement (ECFA) with China.

Business & Industry

IMF bond plan shows US woes
The IMF’s plan to issue bonds for the first time has attracted several large emerging countries looking to diversify investments to the detriment of the dollar, whose luster is dimming under the mushrooming US budget deficit.

Emerging economic giants to hold summit
Economists say the grouping of Brazil, Russia, India and China is not likely to produce a new currency to counter the dominance of the US dollar anytime soon

KOREA HERALD, South Korea

Front page

Efforts underway to find missing people in Yemen
South Korea is in close cooperation with Germany and Britain to locate their citizens presumed to have been kidnapped by a group of insurgents in Yemen, officials here said Monday, Yonhap News reported.

President calls for 5-way talks
President Lee Myung-bak said he wants a new approach towards the stalled six-party talks on North Korea's nuclear program and he plans to discuss some ideas during his upcoming summit with U.S. President Barack Obama.

Business & Industry

More corporate assets up for sale
More conglomerate-owned assets are being put up for sale, as a creditor-driven campaign to restructure Korea's major business groups intensifies.

Gaeseong companies decide to wait and see
A group of South Korean companies running production lines in the apartment-type factory in Gaeseong in North Korea vowed yesterday not to withdraw from the joint industrial complex for the time being.

NEW STRAITS TIMES, Malaysia

Front page

MB: Local contractors must get share of jobs
The Pahang government wants local contractors to be given jobs in the multi-billion ringgit interstate water project to channel water from Pahang to Selangor.

NGOs' input for Perak govt policies
With people-centred policies uppermost on his agenda, Datuk Seri Dr Zambry Abdul Kadir has invited non-governmental organisations (NGOs) in the state to work together with him to brainstorm on the details.

Business & Industry

Handal to strengthen market grip
Malaysian cranemaker Handal Resources is planning to enter Sabah and Sarawak markets and then Thailand, Vietnam, Myanmar, China and Indonesia.

PHBB in talks to buy prime KL land for RM250m
The deal to acquire the Railway Asset Corp-owned commercial land by Pelaburan Hartanah Bumiputera Bhd has yet to be done despite news about it three years ago.

BUSINESS TIMES, Singapore

Front page

M'sia: Shares rise 0.3%
Malaysian share prices opened higher on Monday morning with the key Kuala Lumpur Composite Index up 3.66 points, or 0.34 per cent, at 1,093.81.

Japan: Nikkei edges lower, tech and oil shares weak
Japan's Nikkei stock average edged down 0.4 per cent on Monday, with tech shares such as Advantest Corp down in the wake of losses by their US peers and oil-linked shares weaker after crude prices ebbed.

Business & Industry

Test awaits Obama this week on financial reforms
The Obama administration on Wednesday will unveil its long-awaited plan to tighten US financial regulation, marking a test of its resolve to seize political opportunity and face down powerful interests.

British businesses say no economic growth until 2010
The British economy is stabilising but growth will not return until the beginning of 2010, and then it will still be slow, the country's leading business lobby group said on Monday.

BANGKOK POST, Thailand

Front page

No witch-hunt
The Lands Department says it does not intend to try to track down illegal use of Thai nominees on behalf of foreigners.

Flu toll passes 150
The number of confirmed cases of type-A (H1N1) influenza has reached 150 after another 44 infections were reported on Sunday.

Business & Industry

Korn offers help to foreign SMEs
Finance Minister Korn Chatikavanij reassured Japanese companies operating in Thailand that the government is co-operating with the Japanese government to ease their liquidity problems.

Inheritance tax dropped
Finance Minister Korn Chatikavanij sees "no reason to implement the tax" now - a major reversal of his promise a few weeks ago.

JAKARTA POST, Indonesia

Front page
No new updates.

By: Staff Reporter
+44 20 8652 3214

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