In Friday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page

Attempted LDP coup left in limbo
A push by disgruntled Liberal Democratic Party members on Thursday to overthrow unpopular Prime Minister Taro Aso was plunged into disarray after lawmakers questioned the legitimacy of signatures collected for a meeting on the matter.

Attempted LDP coup left in limbo
A push by disgruntled Liberal Democratic Party members on Thursday to overthrow unpopular Prime Minister Taro Aso was plunged into disarray after lawmakers questioned the legitimacy of signatures collected for a meeting on the matter.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

9,000 officials guilty of graft in 1st half
The Supreme People's Procuratorate revealed Thursday that more than 9,000 officials were found guilty of corruption in the first six months of the year.

Iraqi: My days in China as a Muslim
As an Iraqi Muslim who has visited China, I was so shocked and sad when I read reports of the July 5 violence in Xinjiang.

Business & Industry

Talks on iron ore rate cuts continuing
Talks between China's steel industry and international iron ore suppliers to settle the final price of ore for the 2009-10 contract year were still ongoing, an industry association said even as it admitted that some steel mills had agreed to a 33-percent cut from last year's price.

China leads world toward economic recovery
China's economic growth rate shot up in the second quarter fueled by government spending and bank lending, boosting hopes that the biggest emerging economy will lead the way out of the worst global downturn since the 1930s.

TAIPEI TIMES, Taiwan

Front page

World Games light up Kaohsiung
Intermittent rain showers beforehand and a boycott by the Chinese team failed to dampen the enthusiasm of the crowd last night as the Eighth World Games got off to a spectacular start at the main stadium in Kaohsiung City.

Agencies give inconsistent answers on Uighur’s status
The government issued contradictory messages yesterday as two agencies disagreed on whether Dolkun Isa, secretary-general of the World Uyghur Congress (WUC), is welcome to visit Taiwan.

Business & Industry

Shin Kong Life to keep stake in TFCC
Shin Kong Life Insurance said yesterday it would not sell its stake in Taipei Financial Center Corp (TFCC), which owns Taipei 101, a day after Ting Hsin International Group acquired more shares in TFCC.

Net worth of local life insurers drops dramatically
Taiwanese life insurers saw their net worth plunge last year, the Financial Supervisory Commission (FSC) said yesterday.

KOREA HERALD, South Korea

Front page

U.N. issues new sanctions against North Korea
The United Nations Security Council has imposed a travel ban on and frozen the assets of five North Korean officials for their involvement in the North's nuclear and ballistic missile programs, informed sources here said Thursday, according to Yonhap News.

Builders win $3.9b order from UAE
Korea's Hyundai Engineering, GS Engineering and Hyundai Heavy Industries have won a combined $3.9 billion order to construct gas facilities in the Habshan region of the United Arab Emirates, the companies said yesterday.

Business & Industry

True Korean luxury brands yet to emerge
This is the last of a four-part series on Korean companies' efforts to foster premium brands and strategies to promote marketing of high-end products.

LG Display boosts hopes for tech recovery
LG Display, the world's No. 2 maker of flat screens, reported a bigger-than-expected profit in the second quarter, reinforcing hopes of a tech sector recovery.

NEW STRAITS TIMES, Malaysia

Front page

Making Kuala Kangsar an oasis of knowledge
For almost 200 years, this town has been known as the royal enclave. But now, the Sultan of Perak Sultan Azlan Shah has set his sights on turning it into something far more interesting and vibrant.

DPM: Policy decision final, but fine-tuning will go on
The government's decision to revert to Bahasa Malaysia for the teaching of Science and Mathematics is final, said Deputy Prime Minister Tan Sri Muhyiddin Yassin.

Business & Industry

MIER: Economy may need extra RM8b boost
The additional requirement may push Malaysia's fiscal deficit to more then 8 per cent of the gross domestic product, says a think tank

Exporters yet to fully tap FTA potential
The number of Malaysian companies taking advantage of perks from regional and bilateral FTAs (free trade agreements) is still low even though it is growing, a senior minister said.

BUSINESS TIMES, Singapore

Front page

CAI takes stake in Indian airport venture
In its first investment since corporatisation, Changi Airport Group's international arm, Changi Airports International (CAI), has inked a deal to take a 26 per cent stake in Bengal Aerotropolis Projects Ltd (BAPL).

MAS to look at how FIs pay staff, manage risks
The Monetary Authority of Singapore will review how the boards of banks and life insurers here manage risks and set pay policies, MAS managing director Heng Swee Keat said yesterday. This is to strengthen the corporate governance of financial firms.

Business & Industry

JPMorgan beats expectations with 36% Q2 earnings surge
JPMorgan Chase & Co said investment banking and trading drove a larger-than-expected 36 per cent jump in quarterly profit despite a surge in credit card and loan losses that could worsen.

Robust Q2 puts China on track for 8% growth
China looks set to hit its full-year growth target of 8 per cent after a surprisingly strong second quarter notable for a surge in investment driven by powerful fiscal and monetary stimulus.

BANGKOK POST, Thailand

Front page

Police station under siege
About 200 red-shirts surround a police station in Chiang Mai at night to demand the release of a broadcaster who carried a gun at the airport.

EC rules against 13 Democrats
The Election Commission finds that 13 of 28 Democrats violated the charter by holding shares in businesses prohibited by the charter.

Business & Industry

China's economy grows 7.9%
In a stunning turnaround for the Asian powerhouse that offered some hope for the rest of the world.

Bold tax cuts may fire up eco-cars
Manufacturers of eco-cars may be awarded a two-year tariff reduction of as much as 90% on imported parts,

JAKARTA POST, Indonesia

Front page

UN panel issues new sanctions against North Korea
The U.N. imposed new sanctions Thursday against five North Korean officials, four companies and a state agency, and banned imports of two weapons-making materials, in a rare unified push by the world's powers to thwart Pyongyang's nuclear ambitions.

Business & industry
No new updates.

By: Staff Reporter
+44 20 8652 3214

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