In Tuesday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page

Terrified of being seen alone, students eat in toilets

While ghost stories and myths abound in schools, the one about a notice banning the consumption of food in university toilets is more sad than scary.

Minshuto set for big win in Tokyo?

Voter preference for the main opposition Minshuto (Democratic Party of Japan) is far stronger than for the ruling Liberal Democratic Party in the Tokyo metropolitan assembly election to be held Sunday, an Asahi Shimbun poll shows.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

Fiat JV among 9 deals inked with Italy

Italy's Fiat and China's Guangzhou Automobile Group will launch a multi-billion yuan joint venture to produce Fiat cars in Changsha, Hunan province, it was announced Monday.

Order restored in Urumqi after carnage kills 156

Several hundred rioters were under arrest in the Xinjiang Uygur autonomous region Monday after at least 156 people were killed and about 1,080 others injured in riots that erupted in the capital on Sunday night, officials said Monday.

Business & Industry

Bank of China transacts first cross-border yuan settlement

The Bank of China (BOC), China's largest foreign exchange bank, announced Monday that it had transacted the first cross-border yuan trade settlement deal Monday.

China postal revenue up 13% to $11.2b in H1

China's postal revenue rose 13.1 percent year on year in the first half of this year to an estimated 76.5 billion yuan ($11.2 billion), according to China's State Post Bureau.

TAIPEI TIMES, Taiwan

Front page

Xinjiang riot claims 140 lives: Beijing

Violent street battles killed at least 140 people and injured 828 others in the deadliest ethnic unrest to hit China’s western Xinjiang region in decades and officials said yesterday that the death toll was expected to rise.

China proposed inviting DPP to forum, KMT says

The Chinese Nationalist Party (KMT) welcomes other political parties to participate in the upcoming forum between the KMT and the Chinese Communist Party (CCP), a KMT official said yesterday.

Business & Industry

Inflation drops by 40-year record

The Consumer Price Index dropped by 1.97 percent year-on-year last month because of a high base caused by record fuel costs last year

Green Energy to postpone plant

Taiwan’s biggest solar panel maker will delay by two quarters construction of a wafer-cutting plant after it was affected by the financial turmoil

KOREA HERALD, South Korea

Front page

UNSC condemns N.K. missiles

The United Nations Security Council on Monday condemned North Korea's recent firing of seven ballistic missiles on U.S. Independence Day as a violation of U.N. resolutions as well as a threat to regional and international security.

Seoul gets tough on fuel economy

The government yesterday announced a national program to reduce carbon emissions and raise the fuel-economy of new cars starting in 2012 in an effort to combat global warming and energy shortage problems.

Business & Industry

Tycoons donate to society, with some reasons

President Lee Myung-bak finally followed through with his promise to donate most of his personal wealth to society yesterday.

Samsung sees strong rebound in Q2 profit

Samsung Electronics said yesterday its operating profit is expected to surge up to 2.6 trillion won ($2.05 billion) in the current quarter despite the global economic slump.

NEW STRAITS TIMES, Malaysia

Front page

‘No’ to caning by Sessions Court judge

The High Court ruled yesterday that a judge cannot play the role of executioner and set aside the caning sentence imposed on an armed robber.

Abdullah: Najib able to meet challenges

Former prime minister Tun Abdullah Ahmad Badawi is confident that his successor, Datuk Seri Najib Razak, will take the country to greater heights.

Business & Industry

BRDB bullish on Mieco but welcomes suitors

Mieco is an attractive bride, but Bandar Raya Developments, as a parent, is very choosy of prospective suitors for Mieco, says Mieco chairman

New index debuts amid fresh economic worries

The new FTSE Bursa Malaysia KLCI (FBMKLCI), which replaced the old benchmark yesterday, closed 0.6 per cent down as renewed concern over the global economy prompted investors to take profit from earlier gains.

BUSINESS TIMES, Singapore

Front page

Insurers urged to re-think health policies

AGAINST the backdrop of an ageing population, insurance companies should re-examine their underwriting practice for health policies.

India's populist budget punctures growth hopes

India said yesterday that its fiscal deficit would blow out to the biggest level in 16 years as it boosts spending to support the slowing economy, disappointing investors who dumped stocks and bonds.

Business & Industry

G-8 faces calls for its abolition amid global financial crisis

The Group of Eight industrialised powers, ineffectual in the face of the worldwide finance crisis, is slowly losing its grip on the global economy and now faces calls for its abolition.

Big push for pact on climate change

Leaders of the world's established and emerging economic powerhouses will be under pressure at this week's G-8 summit to give a badly-needed jolt to the quest for a new global climate pact.

BANGKOK POST, Thailand

Front page

No more panda cub displays

Chiang Mai Zoo has decided not to extend the visiting period for a close look at the baby panda during the long holiday.

Defiant Kasit stands his ground

Foreign Minister Kasit Piromya is vowing not to give up his seat in cabinet and will fight the charges brought against him in connection with the Suvarnabhumi airport closure last year by yellow shirt protesters.

Business & Industry

SRT revamp seen as vital

The existing structure of the State Railway of Thailand must change if it is to manage the massive new investment programmes planned by the government for the country's rail system in the future, according to Areepong Bhoocha-oom, the director-general of the State Enterprise Policy Office.

US judge approves GM bankruptcy plan

General Motors won approval from a bankruptcy judge late Sunday to sell its best assets to a new automaker in which the US government will hold a majority stake.

JAKARTA POST, Indonesia

Front page

China arrests 1,434 after deadly Xinjiang riots

Police have arrested 1,434 suspects in connection with the worst ethnic violence in decades in China's western Xinjiang region, which killed at least 156 people, state media reported Tuesday.

UN Council condemns North Korea missiles

The U.N. Security Council condemned North Korea's recent missile tests Monday, following the country's firing of seven ballistic missiles over the weekend on U.S. Independence Day, the reclusive country's biggest display of missile firepower in three years.

Business & Industry

No new updates.

By: Staff Reporter
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