In Friday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page

Stocks fall, pessimism grows

Tokyo stocks fell for the seventh straight business day Thursday amid dampening sentiment about the prospect of an economic recovery.

4 held in elaborate passport scam

Police arrested four Chinese nationals in what is apparently the most sophisticated counterfeit ring for passport and alien registration cards to be uncovered in this country.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

Govt pledges to keep stability in Xinjiang

Top leaders have pledged to maintain stability in Xinjiang as a relative state of normalcy returned to this city of 2.3 million Thursday, five days after its bloodiest riot in six decades

1 killed, 336 injured in Yunnan quake

moderate earthquake rocked southwest China Thursday evening, killing one people, injuring at least 336 people and collapsing more than 18,000 homes, state media said.

Business & Industry

Smooth drive for luxury brands

Luxury sedan makers are suffering from shrinking sales in the West, but in China, sales continued to be robust in June and during the first half of the year.

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.

TAIPEI TIMES, Taiwan

Front page

Ma urges other parties to attend forum

President Ma Ying-jeou urged members of all political parties to attend this weekend’s forum between the Chinese Nationalist Party (KMT) and the Chinese Communist Party (CCP).

China vows to maintain stability

China’s top communist leaders vowed to maintain stability in the west of the country in their first public comments yesterday on the ethnic riots that killed more than 150 people, and accused overseas forces of orchestrating the violence.

Business & Industry

Namchow denies its oil is toxic

Namchow Chemical Industrial Co said yesterday it supplied only 20 percent of McDonald’s edible oil and that two separate tests confirmed the safety of its product after reports said it was the largest oil supplier to the fast-food chain.

Central government reviewing Formosa fund request: Yiin

The government said it would review a fund request from Formosa Plastics Group (FPG) but that it would not grant more than NT$20 billion (US$606 million).

KOREA HERALD, South Korea

Front page

Key Korean websites sustain renewed cyber attacks

South Korea on Thursday came under a third round of cyber attacks, with the nation's key government and private websites reporting temporary paralyses or severe access disruptions, government and industry officials said, according to Yonhap News.

Cyber attacks may originate from U.S.

Reports are split over the culprit behind the latest nationwide cyber attack, with some experts now fingering hackers in the United States.

Business & Industry

'Luxury marketing is more than a logo'

A growing number of Korean electronics firms and automakers have been working with foreign luxury brands to develop high-end products and enhance their brand image in the global market.

W3tr set aside for renewables

The country's nine state-run energy companies will invest a combined 3 trillion won ($2.3 billion) in building and developing renewable energy production facilities across the country by 2011.

NEW STRAITS TIMES, Malaysia

Front page

No extra school hours

The additional hours to be allotted to the teaching and learning of English will not involve extra school hours, Education director-general Tan Sri Alimuddin Mohd Dom said yesterday. Rather, the periods of some other subjects such as music would be shortened to accommodate the increase in English classes.

Najib: Good English still target

The national objective of enhancing the mastery of English among Malaysians remains unchanged and will "forever remain the same", Datuk Seri Najib Razak said yesterday. "Only this time, the methods vary," the prime minister said, adding that the government's policy on English remained untouched.

Business & Industry

Tan defends GBH bid, aims to protect value

Tan Sri Robert Tan Hua Choon has defended his bid to control Goh Ban Huat Bhd (GBH), saying the move would protect shareholder value and enhance the ceramic maker's prospects.

MPC in talks over plans for Wisma MPL

Sources say the Qatar Investment Authority is the party negotiating with Malaysia Pacific Corp for the building in the Golden Triangle of Kuala Lumpur

BUSINESS TIMES, Singapore

Front page

Bigger JEC Asia in Singapore this year

DESPITE global economic woes, the JEC Asia Composites Show is set to return bigger and better this year.

Govt clears air over tax on property gains

Has the market worked up a storm in a teacup over a suggested change to income tax laws on gains from property sales? Keen to quell rumours about an anti-speculation drive, the Ministry of Finance (MOF) clarified yesterday that the proposal is unlikely to lead to more individuals being taxed.

Business & Industry

Europe showing signs of stability

Economic reports and forecasts released on Wednesday suggested that the decline in European economic activity had stabilised, at least for now.

US scales back troubled-mortgage plan

For nearly a year, the question has vexed Washington and Wall Street: What do we do with all these impaired mortgage investments? The answer still, it seems, is wait and hope.

BANGKOK POST, Thailand

Front page

Cram schools shut down

Private tutorial schools across the country have been ordered closed for more than a fortnight to help curb the spread of type-A (H1N1) flu.

Thaksin goes island hopping to Fiji, Tonga

Ousted prime minister Thaksin Shinawatra flew to the Pacific islands this week, a Tongan government official says.

Business & Industry

Toyota set to go all-Thai

The new president of Toyota Motor Thailand (TMT) has outlined strategies to strengthen the company's capabilities, with a target of designing and producing Toyota cars entirely within Thailand in the next five years.

Indonesia poised for growth after Yudhoyono 'landslide'

Indonesian President Susilo Bambang Yudhoyono promised stronger economic growth Thursday, a day after apparently being re-elected in a landslide on the back of pledges to fight graft and poverty.

JAKARTA POST, Indonesia

Front page

Afghan blast kills 25, half of them children

A truck filled with explosives that police believe may have been destined for Kabul blew up on a highway, killing 25 people - more than half of them children walking to school.

G-8 climate talks divide rich and poor countries

The chasm between rich and poor on how to address climate change burst into the open at the G-8 summit Thursday, showing how difficult it will be to persuade the world to make lifestyle and economic sacrifices needed to save the planet from global warming.

Business & Industry

Market to respond positively to election results: Citi

The market will respond positively to quick count results showing that Susilo Bambang Yudhoyono and Boediono have won the election with 60 percent of the vote, Citi says.

Textile revitalization program a ‘success’

A program initiated by the Industry Ministry to help textile manufacturers revitalize their aging machines, and thus boosting their productivity, is almost fully booked, an official says.


By: Staff Reporter
+44 20 8652 3214



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