In Thursday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page

Indicted JR West chief to quit post
Masao Yamazaki said Wednesday he will resign as president of West Japan Railway Co. (JR West), hours after prosecutors indicted him for professional negligence resulting in death for an April 2005 train derailment that killed 107 people.

Hello Work employee set on fire in street
NODA, Chiba Prefecture--A disgruntled, jobless woman allegedly doused a female staff member of a local Hello Work public job placement center here with flammable liquid and set her on fire Wednesday as she was walking to work.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

Tension remains in Urumqi after deadly riots
There was tension in the air in Urumqi Wednesday as President Hu cut short a G8 summit trip to rush home after riots.

Rio employees 'held for espionage'
Four employees of global mining giant Rio Tinto in Shanghai have been detained, apparently on suspicion of espionage and stealing state secrets.

Business & Industry

Repsol unit may sell stake to CNPC
China National Petroleum Corp, the country's largest oil company, could pay up to $14.5 billion for 75 percent of Spanish oil major Repsol's Argentine unit YPF, sources said.

Banks urged to be cautious in lending
Chinese banking regulators reiterated yesterday that banks should carefully control credit risks while extending loans to support economic growth.

TAIPEI TIMES, Taiwan

Front page

More than 100 generals in graft probe
A government report found at least 146 military officials involved in 34 cases of alleged promotion-buying and 21 procurement scandals, with 114 of the suspects in the highest tier of the country’s three-tier enlisted force structure.

Hu abandons G8 summit to deal with Xinjiang
Mobs wielding makeshift weapons roamed Urumqi, the capital of China’s Xinjiang region, yesterday despite a massive show of force by Chinese troops that brought some calm.

Business & Industry

CSBC forecasts steady revenues to 2013
The shipbuilder hopes to benefit from international regulations stipulating that oil companies use double-hulled ships, which are far less likely to result in oil spills

Q4 profit possible, says Chunghwa Picture Tubes Ltd
The company said flat panel sales had helped its total revenues reach a seven-month high last month of NT$4.48 billion

KOREA HERALD, South Korea

Front page

N. Korea suspected in cyber attack
The nation's spy agency yesterday pinpointed North Korea as the mastermind of the latest cyber attack on key administrative websites both here and in the United States.

Korea's first hybrid car debuts
Hyundai Motor Co. yesterday launched its first hybrid electric car Avante LPi Hybrid. The car was unveiled at a ceremony held at the Garden of Morning Calm arboretum in Gapyeong, Gyeonggi Province.

Business & Industry

Samsung veers into drug market
Samsung Electronics Co., the world's second-largest maker of chips and mobile phones, is entering the global bio-similar market together with local biotech firms backed by the government, officials said yesterday.

Over 10% of SMEs face restructuring
More than 10 percent of small and medium-sized companies currently under a creditor banks' risk assessment program are expected to be subjected to corporate restructuring.

NEW STRAITS TIMES, Malaysia

Front page

Youth rise to the Raleigh challenge
Listening to a friend's fond memories of working on community and environmental projects in Sabah convinced a 23-year-old Briton to take the same path.

CM checks on progress in interior
Chief Minister Datuk Seri Musa Aman spent the day yesterday checking on development projects in this interior district, about 130km from Kota Kinabalu.

Business & Industry

UEM Group mulls jobs in Vietnam, Cambodia
UEM Group Bhd has been offered huge projects in Vietnam and is also mulling whether to accept a contract to build a bridge in Phnom Penh, Cambodia.

Overseas interest in mega-Islamic bank set-up
Malaysia has had several enquiries and discussions on the process of submitting applications to set up mega-Islamic banks, says Bank Negara Malaysia governor

BUSINESS TIMES, Singapore

Front page

Japan: Nikkei falls on yen surge, exporters hit
Japan's Nikkei average fell 0.8 per cent on Thursday, with exporters hit after the yen surged to a 4-1/2-month high against the dollar the previous day on mounting doubts about the health of the global economy.

Malaysia: Shares open flat
Stocks started little changed on Thursday. The benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index dropped 1.0 point or 0.09 per cent to 1,064.47.

Business & Industry

Singapore: STI opens slightly higher
Stocks edged higher when the market opened on Thursday with the key Straits Times Index up 5.55 points or 0.25 per cent at 2,265.32.

S Korea BOK holds rates for 5th mth
South Korea's central bank on Thursday held interest rates steady for a fifth straight month at a record low of 2.00 per cent, as expected, amid signs of a nascent economic recovery and stable inflation.

BANGKOK POST, Thailand

Front page

School net upgrade
The education ministry sets out a plan to install a fibre optic network to boost internet speeds at schools, but cost 5.1 billion baht.

Regional battle
Thailand will push for an anti-drug trafficking treaty among the six members at next week's meeting of the Greater Mekong Sub-region.

Business & Industry

Savings bonds may pose challenges
Local banks expect heavy demand next week among retail investors for the government's new 50-billion-baht public savings bond issue.

G8 see economic danger signs
Fearful that the global economy is still in danger and backing away from pledges on global warming.

JAKARTA POST, Indonesia

Front page

US officials eye North Korea in cyber attack
U.S. authorities eyed North Korea on Wednesday as the origin of the widespread cyber attack that overwhelmed government Web sites in the United States and South Korea, although they warned it would be difficult definitely to identify the attackers quickly.

Business & industry
No new updates.

By: Staff Reporter
+44 20 8652 3214

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