In Monday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page

Hatoyama plans to dilute power of bureaucrats
A government led by Minshuto (Democratic Party of Japan) will give politicians more say in policy decisions and dilute the longstanding power of bureaucrats, according to opposition leader Yukio Hatoyama's plan.

FTC to fine Japanese, South Korean firms
The Japan Fair Trade Commission plans to impose billions of yen in fines on cathode-ray tube production subsidiaries of Japanese and South Korean businesses for forming a price-fixing cartel, sources said.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

Deaths may climb in Urumqi, stability urged
Calm returned Sunday to China's riot-hit Urumqi where 184 people died in the bloody violence a week ago, though the official tally of dead could rise.

Clean energy to top Sino-US talks
US Energy Secretary Steven Chu and Commerce Secretary Gary Locke visit their ancestral homeland this week to achieve more cooperation on clean energy.

Business & Industry

Clean energy to be focus of Sino-US talks
Stronger Sino-US cooperation on clean energy will be the goal of two US officials who will be visiting China this week.

Airlines to merge; trading to resume
China Eastern Airlines on late Sunday announced that it will merge Shanghai Airlines through a shares swap and the two will resume stock trading on Monday.

TAIPEI TIMES, Taiwan

Front page

Ma starts KMT election campaign
President Ma Ying-jeou began his campaign for the Chinese Nationalist Party (KMT) chairman election, in which he is the sole candidate, by giving seven presentations in southern Taiwan yesterday.

Taipei forms MRT emergency response team
The Taipei City Government formed an emergency response team yesterday to handle problems on the MRT Muzha and Neihu lines, and said it would refuse to pay the NT$3 billion (US$90 million) balance it owes the line’s builder if it fails to help solve the system’s malfunctions.

Business & Industry

Job banks advise new job seekers to settle for less
Job banks say new college graduates should lower their expectations for salary and other benefits in their search for employment as firms cut costs and personnel to cope with the economic downturn.

Wistron offers model for success in adverse times
Eyeing the opportunities that closer economic cooperation with China represents, investors are favoring financial and property stocks, while losing their appetite for shares of tech companies, which are struggling amid the slump in demand.

KOREA HERALD, South Korea

Front page

Korea, EU set to announce FTA deal today
South Korea and the European Union have reached agreement on a proposed free trade deal, leaving only initialing and signing of the agreement before it can be submitted to their respective legislatures for ratification, a South Korean official said Monday, Yonhap News reported.

Korea, EU on brink of sealing free trade deal
Korea and the European Union will officially announce today landmark progress in free-trade agreement talks, most likely to confirm their intention to seal the deal within this month.

Business & Industry

Korea rushes to establish finance cyber security center
The Ministry of Strategy and Finance is moving to set up a cyber security center for financial and economic institutions within this year, earlier than its original plan for early next year, officials said yesterday. The move is in response to the recent cyber attacks on major government websites, the officials said.

Korea, EU set to announce FTA deal today
South Korea and the European Union have reached agreement on a proposed free trade deal, leaving only initialing and signing of the agreement before it can be submitted to their respective legislatures for ratification.

NEW STRAITS TIMES, Malaysia

Front page

Capital market to reflect liberalisation gains
THE effects of the liberalisation measures announced last week are likely to be reflected in the capital market next year, Deputy Finance Minister Datuk Chor Chee Heung said today.

RM150m to upgrade Sibu airport terminal
Visitors arriving at the Sibu Airport two years from now will enjoy a bigger, fully air-conditioned new terminal building and better facilities.

Business & Industry

Naza TTDI aims for the next level
Plans to float Naza TTDI Sdn Bhd remains in its keep-in-view file, but may well resurface as the developer makes strides towards a top spot in Malaysia's as well as region's property market.

Leaner UEM in the works, focus on 3 areas
The diversified Khazanah Nasional-owned company will focus on construction, property and expressways

BUSINESS TIMES, Singapore

Front page

Motorsports hub proposal hits bumps
Since the Request For Proposal (RFP) for the project was released on March 30, seven parties - both local and international consortia - have obtained the tender documents, said the Singapore Sports Council (SSC).

Local banks widen CSR push
The three local banks - among Singapore's largest companies - are embracing corporate social responsibility (CSR) as never before, though their efforts vary somewhat.

Business & Industry

Economic data, corporate report cards to set direction
The US stock market continued to stumble last week as investors increasingly lost confidence that the massive rebound in share price valuations in June, from the dire lows of early March, are justified by the pace of the economy's recovery.

US investors' sale of foreign stocks down sharply
The heavy selling in global stock markets that came in the wake of the credit crunch last September has slowed to almost a trickle - at least for American investors.

BANGKOK POST, Thailand

Front page

New tactic
The Public Health Ministry plans to ask mobile phone service providers to send short messages telling subscribers about flu outbreak.

Insurgents target women
Insurgents are adopting new tactics - by using iron pipes to kill victims - as they target more of women teachers who are defenceless.

Business & Industry

Abhisit: Rebound at least a year away
The Thai economy is likely to take more than a year to fully recover, Prime Minister Abhisit Vejjajiva said yesterday...

TOURISM CATCHES THE FLU
Six years after Sars severely affected China's tourism industry, a new virus is stalking the country's travel sector - but in a very different.

JAKARTA POST, Indonesia

Front page
No new updates.

Business & industry
No new updates.

By: Staff Reporter
+44 20 8652 3214

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