In Thursday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page

Report: Worst is past for economy
The government on Wednesday effectively declared that the economy has bottomed out, citing signs of recovery in industrial production and exports.

Sizing up a tall order for harvest
A farmhand gazes at stalks of "rawan-buki," a type of giant butterbur, being harvested at the Nagai Nojo farm in Ashoro, Hokkaido.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

US move 'will secure China investment'
A sweeping plan for the US financial regulation unveiled Wednesday is said to offer better protection to China's investments there.

Green Dam developers face lawsuit
Chinese developers of a controversial software to filter pornography may face legal action from the US makers of a similar Internet filter

Business & Industry

US reform 'will secure Chinese investment'
A sweeping plan for financial regulation unveiled late last night (Beijing time) by US President Barack Obama will offer better protection to China's investments in that country, Chinese experts said yesterday.

'China crucial to world's recovery'
London and Beijing should work closely together as the world fights its way out of the economic downturn, said the UK's top financial regulator.

TAIPEI TIMES, Taiwan

Front page

Future is up to the people, Ma aide says
The Presidential Office reiterated yesterday that the 23 million people of Taiwan would have the final say on the nation’s future after President Ma Ying-jeou told CommonWealth magazine he had not ruled out unification with China.

Opposition chief challenges Iran with rally call
Iranian opposition leader Mir Hossein Mousavi issued a direct challenge yesterday to the country’s supreme leader and cleric-led system, calling for a mass rally to protest disputed election results and violence against his followers.

Business & Industry

MRT boosts Neihu housing value
The planned launch of the MRT Neihu Line in Taipei City early next month has resulted in a rise of as much as 25 percent in the price of luxury homes and villas there, realtors said yesterday.

Taiwan may get developed status
Morgan Stanley Capital International Inc’s (MSCI) decision to place Taiwan under review for a possible upgrade to a developed market was warmly received by government officials and stock analysts, who expect the reclassification to further galvanize the local bourse.

KOREA HERALD, South Korea

Front page

'Korea-U.S. ties key to peninsula security'
Enhanced Seoul-Washington solidarity is the cornerstone of international efforts to thwart North Korea's nuclear brinkmanship, President Lee Myung-bak said on Tuesday

Geo-political risks to spur Washington toward FTA passage
The affirmed conviction between Korean President Lee Myung-bak and his U.S. counterpart Barack Obama on Tuesday to expedite the approval of the bilateral free-trade agreement suggests the possibility of a timely breakthrough, a high-ranking official at Seoul's Trade Ministry said yesterday.

Business & Industry

IT fair a battleground for major firms
Korean electronics and telecom giants jostled for attention at Korea's biggest IT show in Seoul yesterday, showcasing a wide range of their latest products.

Minister vows to improve business climate
Finance Minister Yoon Jeung-hyun said yesterday the government would unveil measures next month to improve Korea's business environment to spur corporate investment.

NEW STRAITS TIMES, Malaysia

Front page

Completion of highway delayed
The completion of the East Coast Highway's 11th phase will be delayed by at least a year after one of its contractors pulled out of the project, Menteri Besar Datuk Ahmad Said said yesterday.

Malaysian drug mule held at Sydney airport
A Malaysian woman, 26, has been held on suspicion of smuggling drugs into Australia last week.

Business & Industry

Scomi tipped to bag Saudi project
Scomi Engineering will know by end-July if it has secured the US$1 billion monorail project in Riyadh, Saudi Arabia

Deal with Dubai developer collapses
Property developer UEM Land Bhd's (5148) plan to sell 17.4ha of land to one of Dubai's largest private developers for RM396.5 million has fallen through.

BUSINESS TIMES, Singapore

Front page

S'pore: Shares open flat
Singapore stocks opened almost unchanged on Thursday morning with the key Straits Times Index up 0.30 of a point at 2,271.75 on volume of 148.3 million shares.

Intel to rebrand some chips, phase out 'Centrino'
Intel Corp plans to phase out some of its brands, including the 'Centrino' for computers, to focus on fewer top names as the chip maker expands into new markets such as mobile devices.

Business & Industry

Japan manufacturers grow less gloomy: Reuters Tankan
Japanese manufacturers have grown much less pessimistic over the last month, a Reuters poll showed on Thursday, although consumer reluctance to spend has reinforced concern that the recovery from a deep recession will be long and slow.

Many large banks repay US govt bailout funds
Ten of the largest US banks said on Wednesday they repaid more than US$68 billion of taxpayer bailout funds, as they race to extract themselves from government restrictions on pay for top executives.

BANGKOK POST, Thailand

Front page

Terror link downplayed
The government is being cautious about reports that three detained Rohingya had helped terrorists and the southern insurgency movement.

Abhist has no gut
The prime minister submitted to an informal medical checkup, and proved he was more fit than fat - unlike most MPs and senators.

Business & Industry

US consumer prices edge up in May
After holding steady in April, underscoring weak demand amid the prolonged recession.

Emerging giants issue dollar warning
Leaders from the world's top emerging economic powers have delivered a warning to the domination of the US dollar

JAKARTA POST, Indonesia

Front page

Autopsies suggest Air France jet broke up in sky
Autopsies have revealed fractures in the legs, hips and arms of Air France disaster victims, injuries that - along with the large pieces of wreckage pulled from the Atlantic - strongly suggest the plane broke up in the air, experts said Wednesday.

Business & industry
No new updates.

By: Staff Reporter
+44 20 8652 3214

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