In Tuesday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page

Outcome in Chiba new blow for Aso
The victory Sunday of an opposition-backed candidate in Chiba's mayoral election spells more bad news for Prime Minister Taro Aso as he contemplates the timing of a Lower House election.

Outcome in Chiba new blow for Aso
The victory Sunday of an opposition-backed candidate in Chiba's mayoral election spells more bad news for Prime Minister Taro Aso as he contemplates the timing of a Lower House election.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

Building mutual trust, brick by BRIC
China expects to strengthen mutual strategic trust and coordinate its standpoint over the financial crisis when leaders of the four BRIC nations meet in Yekaterinburg, Russia.

Foreign investment freefall eases
Foreign direct investment (FDI) has been in decline for eight months, but the size of the fall in May was smaller than the one in April.

Business & Industry

Dilemma of saving all too well
Chinese have long been renowned as for their ability to live within their means, avoid debt and save money, so a daunting challenge for officials and economic planners is now how further prise open consumer wallets.

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.

TAIPEI TIMES, Taiwan

Front page

Legislators slam former minister
Legislators across party lines yesterday criticized former minister of agriculture Paul Sun after he was found to have served as a counselor for government-affiliated organizations in China.

Thousands join banned rally to support Mousavi
Tens of thousands of supporters of Iran’s defeated presidential candidate Mir Hossein Mousavi gathered in downtown Tehran yesterday, defying an Interior Ministry ban.

Business & Industry

TAIEX drops as China fever sputters
Share prices closed down 3.45 percent yesterday as institutional investors continued unloading large-cap high-tech stocks and judged that a rally prompted by improved ties with China had overvalued earnings prospects, dealers said.

Sollink set to ship new handset displays
Sollink Inc, a display manufacturing subsidiary of electronic component maker Cheng Uei Precision Industry Co (Foxlink), said yesterday it would soon make its first shipment of next-­generation handset displays using Qualcomm Inc technologies.

KOREA HERALD, South Korea

Front page

Lee, Clinton vow to denuclearize N.K.
South Korean President Lee Myung-bak and his U.S. counterpart Barack Obama will agree on steps that will take the alliance to the next stage -- a comprehensive, strategic partnership, U.S. Secretary of State Hillary Clinton noted Monday in a meeting with the visiting South Korean head of state, according to Yonhap News.

Lee says FTA will benefit both Korea, U.S.
South Korean President Lee Myung-bak urged the United States Monday to quickly ratify a free trade agreement (FTA) signed between the countries nearly two years ago, saying the FTA will significantly benefit both countries while strengthening the half-century alliance between the two, according to Yonhap News.

Business & Industry

Corporate jets taking off in Korea
A growing number of Korean conglomerates are purchasing private jets, despite pressure to cut costs. Although corporate jets are expensive, the time-saving, flexibility and confidentiality they offer justify the cost, company officials claim.

Uncertainties shroud Q3 economic outlook
Growing uncertainties over the movement of the exchange rate and oil prices are making it hard for economists and corporate executives to predict where the Korean economy will go in the third quarter, experts said yesterday.

NEW STRAITS TIMES, Malaysia

Front page

Grazing rights stay, DO tells villagers
Villagers in Kota Belud need not fear that their rights to a 432ha grazing reserve in Kuala Pintasan will be lost in the development of a RM70 million agropolitan project slated to begin this year.

Cops nip bid to revive 'federal military force'
Attempts to revive a former paramilitary movement which was busted in 2003, were thwarted in Taman Gombak Jaya yesterday when police rounded up 36 new recruits.

Business & Industry

Scomi eyes US$2.5b monorail job in Brazil
Scomi Engineering is banking on its excellent delivery time track record to win the tender for the first phase, which will open in the middle of next month.

Retail scene to hot up
A new Malaysian company, whose hiring plans indicate a sizeable operation being drawn up, is expected to enter the RM65 billion retail scene soon.

BUSINESS TIMES, Singapore

Front page

Japan: Tokyo stocks open lower
Japanese share prices opened lower on Tuesday, with the benchmark Nikkei-225 index falling 125.27 points or 1.25 per cent to 9,914.40 in the first minute of trading.

UBS upgrades SingTel to Buy, raises target price
UBS raised its recommendation on Singapore Telecommunications (SingTel) to 'buy' from 'neutral', citing a positive outlook from its subsidiaries in India and Indonesia.

Business & Industry

Citigroup says TARP hurts ability to keep talent
Citigroup Inc's chairman said on Monday the bank may find it harder to retain and attract top employees while the bank is holding on to federal bailout money.

US judge bars AIG bailout, bonuses from trial
The US government bailout of AIG and controversial bonuses paid by the insurer cannot be brought up during the trial of the company's lawsuit involving former CEO Maurice 'Hank' Greenberg, a judge ruled on Monday.

BANGKOK POST, Thailand

Front page

B400 bln loan sails through
The House passed the bill to borrow 400 billion baht late Monday night, by a count of 248 for, 128 against, three abstentions and 17 refusing to vote.

Atrocity was 'revenge'
The death of a 53-year-old rubber tapper, decapitated and his body burnt, was called retaliation by southern insurgents who claimed responsibility.

Business & Industry

US regulatory system boost
President Barack Obama's administration is to unveil a plan to bolster the US financial regulatory system

Boeing, Airbus lift gloom at air show
Airbus announced its first big deal of the year and Boeing saw better times ahead, despite the dire climate for the aviation industry

JAKARTA POST, Indonesia

Front page
No new updates.

By: Staff Reporter
+44 20 8652 3214

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