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In Monday's Asia papers

06 July 2009 02:00  [Source: ICIS news]

ASAHI SHIMBUN, Japan

Front page

Amazon slapped with 14 billion yen tax bill

An affiliate of online retailer Amazon owes 14 billion yen in back taxes and penalties after failing to report income in Japan, according to Japanese tax authorities.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

Hu's Italian job to bolster bonds

President Hu Jintao arrived here on Sunday to start his official visit to Italy. He will also attend the meeting between the leaders of the Group of Eight (G8) major industrial nations and five main developing economies from July 8-10.

Civilians, police officer killed in NW China unrest

The unrest in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, has led to the death of "a number of civilians and one armed police officer" on Sunday, sources with the regional government said early Monday.

Business & Industry

Economist: China's imports decline not due to protectionism

The decline in China's imports has nothing to do with trade protectionism, but is a result of the country's falling exports due to shrinking overseas orders amid the global economic slowdown, a senior economist told the 2009 Global Think Tank Forum on Saturday.

CNOOC to hike natural gas production

China National Offshore Oil Corp (CNOOC) has selected two major coal-to-gas projects which are expected to help increase the company's gas production to 10 billion cubic meters in the next five years, Fu Chengyu, president of the company, told chinadaily.com.cn Saturday in Beijing.

TAIPEI TIMES, Taiwan

Front page

Ortega apologizes to Ma over banquet

Taiwan will not recall its ambassador to Nicaragua after President Daniel Ortega, apologized to President Ma Ying-jeou for his absence at a state banquet held on Friday for Ma, a senior foreign affairs official in Taipei said yesterday.

New apple rules anger consumers

Activists accused the government of caving in to US pressure to relax standards on admissible amounts of the toxic pesticide endosulfan on apples

Business & Industry

LCD panel makers set to hike prices

Despite rising demand in emerging markets, the world’s two biggest buyers of TVs, the US and Europe, are showing new signs of a slowdown

ANALYSIS: Experts divided on political impact of GPA on Taiwan

With Taiwan set to become a signatory to the WTO Government Procurement Agreement (GPA), which will give local businesses access to global government procurement, experts said the move would also pose great challenges to the country politically and economically.

KOREA HERALD, South Korea

Front page

N.K. missiles fired in show of defiance

South Korea's military was on high alert yesterday after North Korea launched seven ballistic missiles on Saturday in a show of firepower which earned international criticism.

Missile launches draw global condemnation

North Korea's launching of seven ballistic missiles Saturday drew global expressions of condemnation and concern.

Business & Industry

Market opening pressures farmers to modernize

He has become known as the man without a suit and tie who follows the wishes of President Lee Myung-bak. The president had thought the casual look to be more fitting for the nation's minister for food, agriculture, forestry and fisheries to reflect the government's commitment to working hand-in-hand with farmers to modernize the sector.

Household saving in a freefall

Korea is likely to see its household saving rate drop below that of the United States this year and by next year become the OECD's lowest level, data showed yesterday.

NEW STRAITS TIMES, Malaysia

Front page

Ananda behind Magpies bid

Billionaire T. Ananda Krishnan has been identified by British newspapers as the man fronting a RM500 million bid for English Championship side Newcastle United.

Business & Industry

Felda eyes more overseas estates

The government-owned agency has received offers from Colombia, Brunei, Myanmar and Africa to open estates in these countries

Healthier food and drinks with palm oil vitamins

Fancy a cholesterol-lowering McDonald's cheeseburger? How about Coca-Cola packed with antioxidants to boost your immune system?

BUSINESS TIMES, Singapore

Front page

Emerging markets take record share of world equity

Developing countries' share of worldwide equity value climbed to a record as the fastest-growing economies lured investors amid the first global recession since World War II.

More local companies head to UK

MORE local companies are now investing in the UK, with a jump in the number of new foreign direct investment (FDI) projects from Singapore.

Business & Industry

French job market may get worse: Adecco

There is no sign of stabilisation in France's job market and it may suddenly get worse, the head of the French operations of Adecco, the world's largest staffing agency, said on Saturday.

Funds are moving away from investment banks

DISENCHANTED hedge funds and other major traders and institutions are shifting business away from previously dominant investment bank prime brokers. The global change around is significant.

BANGKOK POST, Thailand

Front page

Flu infections jump by 231 in single day

More than 200 people tested positive for influenza type-A (H1N1) yesterday - the highest infection increase in a single day in two months.

Kasit under pressure to give up portfolio

Supporters of former prime minister Thaksin Shinawatra are upping the pressure on Foreign Minister Kasit Piromya to step down as he faces police charges over his role in the blockade of Suvarnabhumi airport.

Business & Industry

PM favours using WTO framework

The government is preparing to revise existing bilateral free trade pacts and will pursue more talks under the World Trade Organisation framework because it would produce greater benefits, says Prime Minister Abhisit Vejjajiva.

JAKARTA POST, Indonesia

Front page

Observers: Palin resignation cuts losses in Alaska

Ever since Alaska Gov. Sarah Palin, the former Republican vice presidential candidate, returned from the campaign trail many Alaskans felt her heart wasn't in the job.

Kalla, Mega demand repair to voter roll

Presidential candidates Jusuf Kalla and Megawati Soekarnoputri met at Muhammadiyah headquarters here on Sunday evening and demanded that the General Election Commission (KPU) immediately repair the troubled electoral roll.

Business & Industry

Indonesia gives deadline to BlackBerry producer

The government has set a deadline for Canada-based Research In Motion (RIM) to set up local after-sales service outlets for BlackBerry by July 16, or else, the government would ban the importation of new BlackBerry products.

Garuda to fly to Europe next year

National carrier Garuda Indonesia plans to fly Europe in the first half of next year, following an early indication that the European Commission will lift its flight ban on Garuda and three other Indonesian carriers.


By: Staff Reporter
+44 20 8652 3214

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Barbara Ortner looks at the off-beat and unusual side of chemical industry life.

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