In Monday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page

Aso, Lee seek resumption of six-party talks
Prime Minister Taro Aso and visiting South Korean President Lee Myung Bak agreed Sunday to pursue the resumption of the stalled six-party talks on the denuclearization of North Korea by holding talks excluding the hermit state among the other five nations.

'Muneo' stages comeback as people's politician
He was once demonized as the greedy villain of Japanese politics. In just a few years, however, lawmaker Muneo Suzuki has completed one of the most remarkable comebacks to the public stage, where he now portrays himself as a champion of the downtrodden.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

Anger and tears over collapse of building
Zhou Xuejun, 60, burst into tears and demanded a refund for her residential unit, which she says is unsafe after a nearby building collapsed.

Three killed in train collision
Two passenger trains collided in central China at 2:34 am Monday, leaving at least three people dead and 60 injured.

Business & Industry

China's SOEs see smaller profit decline in first 5 months"
China's State-owned enterprises (SOE) administered by the central government saw smaller decline in profit as the stimulus package had positive effects on their performances.

China's top legislature adopts revision to statistics law
China's top legislature adopted Saturday a revision to the Law on Statistics, which is intended to prevent the falsification of official data.

TAIPEI TIMES, Taiwan

Front page

Public wants ECFA referendum: Tsai
Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen said yesterday that the party’s drive to reach the first benchmark for its proposed referendum on a planned economic cooperation framework agreement (ECFA) with China was going very well, without specifying how many of the 80,000 signatures needed had been collected.

Tehran detains eight staff from British embassy
Authorities in Tehran have detained eight local British embassy staff, Iranian media said yesterday, underscoring the hardline leadership’s effort to blame post-election unrest on foreign powers, not popular anger.

Business & Industry

Stimulus losing punch: analysts
Few things come as a surprise to investors these days, analysts said, leading to subtle market responses to talk of recovery or warming ties with China

Retail investors flock back to Taiwanese market: Citi
The improved relationship across the Taiwan Strait since President Ma Ying-jeou took office last May has drawn capital inflows into the local bourse that market watchers said symbolize the return of retail investors at the expense of foreign investors.

KOREA HERALD, South Korea

Front page

Lee, Aso push 5-way talks on N.K.
South Korea and Japan yesterday called on China to strictly enforce sanctions on Pyongyang and join proposed five-nation talks aimed at coordinating a response to its nuclear threat. President Lee Myung-bak and Prime Minister Taro Aso also agreed to speed up negotiations for a free trade agreement and enhance industrial cooperation between the two leading Asian economies.

Royal tombs make World Heritage list
The World Heritage Committee added Korea's 40 ancient royal tombs of the Joseon Dynasty (1392-1910) to the World Heritage list in its 33rd session in Seville, Spain, on Saturday.

Business & Industry

Big bets pay off for LG Display
LG Display, which was established in 1995, grew quickly, becoming the No. 2 player in the global LCD panel market in 1999. Its growth has been driven by the company's aggressive investments during bad times, company officials said.

Job market likely to worsen in Q3
The Korean economy is expected to suffer a loss of jobs in the third quarter, as the corporate sector is set to start laying off workers in earnest to shore up balance sheets, experts warned yesterday.

NEW STRAITS TIMES, Malaysia

Front page

Rayer: I've always stood by them
Seri Delima assemblyman R.S.N. Rayer said he had always fought for villagers of Kampung Lorong Buah Pala and stood by their cause.

Prove them wrong, MP tells state govt
Prove there was no hanky-panky in the land transaction involving Kampung Lorong Buah Pala, state Parti Keadilan Rakyat Youth chief Yusmadi Yusoff tells the Penang state government.

Business & Industry

Kee tipped to be Port Klang Authority GM
Chartered accountant Kee Lian Yong will also be appointed as non-executive director of Port Klang Free Zone Sdn Bhd, the manager and marketer of the free zone.

Investments in Malaysian hotels plunge
However, there are signs of foreign investors returning to the Malaysian hotel market, says a real estate agent

BUSINESS TIMES, Singapore

Front page

S'pore: Shares open 0.3% up
Singapore stocks started the week steady with the key Strait Times Index up 6.06 points or 0.26 per cent at 2,324.01 on volume of 93.5 million shares.

China, Brazil working on trade FX deal: central banks"
China and Brazil are working on a currency arrangement to allow exporters and importers to settle deals in their local currencies, bypassing the US dollar, the countries' central banks said on Sunday.

Business & Industry

Obama could mull 2nd US stimulus if needed: adviser
President Barack Obama could discuss a second stimulus package to boost the economy if needed, but at the moment no more new money looks necessary, a top White House adviser said on Sunday.

GM accepts product liability in bid to clear sale
General Motors Corp (GM) has agreed to accept liability for future product defects as one of several concessions offered in a bid to win court approval for a quick sale from bankruptcy.

BANGKOK POST, Thailand http://www.bangkokpost.net/

Front page

Flu coverup denied
The government says it is not downplaying the severity of the outbreak, but the opposition says it is hiding and censoring information.

Famed temple at risk
The iconic Doi Suthep pagoda at Chiang Mai is on such unstable ground that it could collapse in heavy rain or a moderate earthquake, engineers say.

Business & Industry

True takes shopping site to Southeast Asia market
True Corp is broadening its online shopping website service into seven countries in Southeast Asia.

EQUITIES GAIN MOMENTUM
Amid ongoing market fluctuations, investors should take an overweight position on equities, marking a shift away from fixed-income assets.

JAKARTA POST, Indonesia

Front page

Three demonstrations scheduled for Jakarta
Jakarta is to see three demonstrations on Monday, with possible traffic disruptions expected in the targeted areas.

Japan industrial output up 5.9 percent in May
Japan's factory output rose for the third straight month in May, the government said Monday, as brighter prospects for a recovery in demand encouraged manufacturers in the world's No. 2 economy.

Business & industry
No new updates.

By: Staff Reporter
+44 20 8652 3214

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