In Tuesday's Asia papers

11 August 2009 02:00  [Source: ICIS news]


Front page

Typhoon brings heavy toll to western Japan
Typhoon No. 9 pummeled large areas of Japan on Monday, leading to at least 13 deaths in the country's west, mostly the result of flooding caused by heavy rains

Business & Industry
No new updates.


Front page

Typhoon Morakot kills 6 in East China
Typhoon Morakot has left six people dead and three others missing on the Chinese mainland after Sunday's powerful landing in East China.

Plane back to Urumqi after threat
A China-bound Afghan plane diverted to Kandahar Sunday night after a bomb threat finally arrived at Urumqi, its scheduled destination, late last night.

Business & Industry

Guidelines for wages cautioned
Despite signs of economic recovery, millions of workers face wage cuts and freezes under new salary guidelines.

Bureau to control mapping and surveys
Authorities in Guangdong are cracking down on illegal surveying and mapping to better regulate the geographic information industry in the southern province.


Front page

Twenty-three dead in wake of Morakot
At least 23 people were confirmed dead, 32 injured and 56 confirmed missing in the wake of Typhoon Morakot, the Central Disaster Emergency Operation Center said yesterday.

Hundreds missing after Xiaolin mudslides
Hundreds of residents of Xiaolin Village, Kaohsiung County, were still missing yesterday after landslides caused by Typhoon Morakot devastated the area.

Business & Industry

Joint cloud computing center planned
Software giant Microsoft Corp yesterday joined hands with the Executive Yuan’s Networked Communications Program (NCP) to co-develop Asia’s first cloud computing center in National Chiao Tung University in Hsinchu and tap into local engineering talent.

Chi Mei posts strongest revenues in nine months
Chi Mei Optoelectronics Co, the nation’s second-­biggest liquid-crystal-display (LCD) panel maker, yesterday posted its strongest monthly revenues in nine months as recovering demand boosted panel prices.


Front page

Hyundai chief visits Pyongyang
Hyundai Group chairwoman Hyun Jeong-eun headed for Pyongyang yesterday to discuss "current issues" amid expectations of a breakthrough in the de facto hostage situation and the sluggish inter-Korean business. "Chairwoman Hyun's three-day visit to Pyongyang is for business," said Chun Hae-sung, spokesperson of the Unification Ministry which approves South Koreans' visits across the inter-Korean border.

Manufacturing growth hits 36-year high in Q2
Korea's manufacturing sector expanded the most in almost 36 years in the second quarter of this year, driving the country's faster-than-expected economic recovery, central bank data showed yesterday.

Business & Industry

Time to invigorate green drive
Ever since President Lee Myung-bak laid out the green strategy as a vision for the nation's future growth on Aug. 15 Liberation Day last year, not only the central government but businesses, local government and small communities have started to embrace the low-carbon policy - believing that the drive will help reduce dependence on fossil fuels and slow global warming.

Ex-Woori head may face disgrace
Controversy is brewing over the Korea Deposit Insurance Corp's move to take disciplinary actions against former CEOs of Woori Bank for massive losses the lender incurred from derivatives investments in the latest financial market meltdown.


Front page

Priority for Bumis, says Muhyiddin
In giving this assurance, Deputy Prime Minister Tan Sri Muhyiddin Yassin ticked off those who had accused the government of abandoning the Bumiputeras.

Resort first to first guests’ temperatures
Orient Star Resort may be the first resort in the country to set up a temperature-testing counter to contain the deadly influenza A (H1N1) pandemic Resort manager Vincent Ee said the move was a “proactive step taken by the management to assist the government to check the spread of H1N1 and also make guests feel comfortable and reassured that they have been checked”.

Business & Industry

Emas brand to raise bond market visibility
Bank Negara Malaysia has always encouraged the government to sell new global bonds and will from now use Malaysia's own brand known as "Emas", or gold, bonds and sukuks.

PM: Need for capital flow surveillance system
Unhindered global capital flows have proven to be 'destabilising' not only for small open economies, but also for large ones, says Najib


Front page

GDP may grow up to 1.8% in Q3: survey
Business confidence is on the mend. All indicators of the latest BT-UniSIM Business Climate Survey trended upward in Q2. And, the survey's results predict that Singapore's GDP will stage a turnaround with growth of up to 1.8 per cent in the third quarter.

Directors should know when to go
Sharp criticisms of multiple directorships surfaced again at last week's NUS-BT roundtable discussion, with some industry players pushing for guidelines to state what is too many.

Business & Industry

Nikkei surges to highest level since October
Tokyo stock prices hit a 10-month high yesterday as a 144 per cent jump in the Japanese current account surplus for the month of June, coupled with a continuing decline in the value of the yen, raised hopes that the world's second largest economy could enjoy continuing recovery in its key export sector.

Guaranteed bonuses return to Wall St as pay review starts
A guaranteed bonus might strike many people as a contradiction in terms. But on Wall Street, banks have become so eager to lure and keep top deal-makers and traders that they are reviving the practice of offering ironclad, multi-million-dollar payouts - guaranteed, no matter how an employee performs.


Front page

Jam the spam
The three top mobile phone operators are joining forces to try to block an estimated nine million unwanted text messages a day to Thailand customers.

The fight to be top cop
Senior police generals are angry - or say they are, because Prime Minister Abhisit Vejjajiva seems to be trying to affect the annual reshuffle.

Business & Industry

Samrit has been struggling in his career and asked for advice. "What could cause them to have different opinions from you?"

Certification will help organic sector
The government is looking into mutual recognition and accreditation programmes for organic agricultural products..


Front page

Q2 GDP jumps revised 20.7 percent
Singapore revised slightly higher its economic growth in the second quarter, but warned U.S. consumption must pick up to sustain the recovery

Business & industry
No new updates.

By: Staff Reporter
+44 20 8652 3214

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