In Tuesday's Asia papers

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

Front page

Nishikawa returned as Japan Post head
The brouhaha over the president of Japan Post Holdings Co. that led to the resignation of a Cabinet minister ended in typical conservative Japanese business fashion Monday when the re-appointment of Yoshifumi Nishikawa was approved at a shareholders' meeting.

For 1st time, firms vie for highway work
For the first time in Japan's corruption-tainted, money-wasting highway industry, competition has arisen over an expressway construction and management project.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

US embassy gets own air monitoring system
The US embassy in Beijing has set up its own air monitoring station out of concern for the health of its staff

Official: Moderate quake jolts Sichuan
A moderate earthquake occured in the early hours of Tuesday in the same part of China that was devastated by a quake last year.

Business & Industry

Chinese shares hit one-year high, driven by heavy weights
Chinese equities rose to one-year high on Monday, driven by heavy weights. Total turnover expanded to 205.88 billion yuan ($30.7 billion) from 196.76 billion yuan on the previous trading day.

Analysts: Stock rally sustainable
A 50 percent rebound in the stock market in the first half of 2009 has set in motion momentum for the remainder of the year, despite undoubted occasional fluctuations, according to industry analysts.

TAIPEI TIMES, Taiwan

Front page

Honduras under curfew following coup
Honduran interim leader Roberto Micheletti imposed a nationwide 48-hour curfew after the army ousted elected President Manuel Zelaya and sent him into exile.

Ties with Honduras unchanged: Presidential Office
Ties between Taiwan and Honduras will not be affected despite the last-minute cancellation of President Ma Ying-jeou’s scheduled trip to the nation’s Central American ally, the Presidential Office said yesterday

Business & Industry

Sony to tap into Taiwan’s programming know-how
Sony Computer Entertainment Asia (SCEA) signed a memorandum of understanding with six local gaming developers yesterday to produce a wide array of digital content for its PlayStation 3 (PS3) and PlayStation Portable (PSP) products.

PEMGroup’s Pang was paid US$83.1 million
Danny Pang , the Private Equity Management Group Inc financier who the US government claims defrauded Taiwanese investors, was paid US$83.1 million in fees and loans from 2004 to this year, court filings showed.

KOREA HERALD, South Korea

Front page

Lee pledges not to push canal project
President Lee Myung-bak said yesterday he will not push a plan to build a cross-country canal, denying accusations that an upcoming work to renovate the four major rivers is a prelude to the controversial project.

Hagwon a hot investment option
Korea's private education market appears to be weathering the economic storm unscathed, with listed companies enjoying a 14-fold increase in stock value since the beginning of the previous administration, industry experts said yesterday.

Business & Industry

Stock price of Daewoo E&C key issue for Kumho Asiana Group
Kumho Asiana Group's decision to sell Daewoo Engineering and Construction, the country's largest builder, is meant to overcome the liquidity shortage the group has suffered from recently.

Standard Chartered poised for leap in Korea
Braving the uncertainties in the local and global financial markets, Standard Chartered Bank is taking a deeper dive into the Korean market, which it entered with the purchase of a local mortgage lender four years ago.

NEW STRAITS TIMES, Malaysia

Front page

PM to announce key measures to free up economy today
The prime minister will announce key measures today to scale back the foreign investment committee and further free up the economy to compete in a changed global environment.

School's RM66,000 lifeline for patients
Children in need of help will always find support from Garden International School.

Business & Industry

Hap Seng bids for half of Menara Citibank
The plantations and property group is believed to have offered RM800 per sq ft to RM900 per sq ft for the building

Felda listing still on the cards
The long-awaited listing of the Federal Land Development Authority (Felda), the world's largest plantations owner and manager, is still on the cards, Prime Minister Datuk Seri Najib Razak says.

BUSINESS TIMES, Singapore

Front page

M'sia: Shares open 0.3% up

Malaysian stock prices opened slightly higher on Tuesday morning following a rise in US stocks overnight.

Stanford remains in jail pending bail decision

Texan cricket mogul and billionaire financier Allen Stanford must remain in jail until at least Tuesday while a judge considers whether he should be released on bail.

Business & Industry

GM steps up talks on rival Opel deal

US auto giant General Motors has stepped up talks with RHJ International over a rival deal to sell its European units and could sign a memorandum of understanding this week, a report said on Tuesday.

Bharti Airtel says not working on sweetening deal

The Chairman of India's Bharti Airtel said on Monday the group was not working on sweetening the deal for Africa's biggest mobile operator MTN Group, but did not rule it out.

BANGKOK POST, Thailand

Front page

3G? Maybe next year
Thailand looks set to be the last Asian country with third generation mobile phone service, after another one-year licence delay.

Third death stirs fears
A military trainee has died, raising concern about the severity of the A(H1N1) influenza which authorities insist is a rather mild flu.

Business & Industry

Japanese industrial output rises
Japan's industrial output rose for a third straight month, matching the fastest pace in 56 years

Jaguar, Land Rover enter Indian market
India's Tata Motors announced the entry of luxury British marques Jaguar and Land Rover into India

JAKARTA POST, Indonesia

Front page

Jackson doc's lawyer: Long delay calling for help
It took up to a half-hour for paramedics to be called to Michael Jackson's home after the singer was found stricken in the bedroom of his rented mansion, an attorney for the firm representing the pop icon's doctor said Monday.

Train derails, explodes in Italy
A freight train has derailed just outside a station in an Italian town and two cars filled with gas have exploded, killing at least one person and injuring dozens.

Business & industry
No new updates.

By: Staff Reporter
+44 20 8652 3214

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