In Tuesday's Asia papers

01 September 2009 02:00  [Source: ICIS news]


Front page

Hatoyama gets to work on transition
Yukio Hatoyama set about the transition process Monday to oversee the departure of the Liberal Democratic Party from power following his party's stunning election outcome Sunday.

LDP looks for leader after Aso resigns
Still reeling at the magnitude of their defeat in Sunday's Lower House election, Liberal Democratic Party members on Monday began preparations to appoint a new party president to replace Taro Aso.

Business & Industry

No new updates.


Front page

Oil drops nearly 4% on China economy fears
Oil prices fell nearly 4 percent to below $70 a barrel on Monday as fear of a curb in Chinese bank lending dented optimism about the pace of economic recovery and a potential rebound in global energy demand.

Turkey vows to enhance ties with China
Turkey's government has vowed it firmly adheres to the one-China policy and will not allow anyone in Turkey to sabotage China's sovereignty and territorial integrity.

Business & Industry

Chinese shares plunge 6.74%, driven by weak energy shares
Chinese equities plunged 6.74 percent Monday, driven by lower coal miners and oil refinery shares.

Early signs of recovery in heartland
Less than a year after being in the eye of an economic storm, China's manufacturing heartland might at last be showing some signs of recovery.


Front page

China to boycott Deaflympics ceremony
China will not attend the opening ceremony of the Summer Deaflympics in Taipei, the organizer said yesterday, hinting that it had something to do with the visit of the Dalai Lama.

Dalai Lama tours areas hit hard by Typhoon Morakot
The Dalai Lama visited Siaolin Village (小林) in Jiasian Township (甲仙), Kaohsiung County, yesterday on the first full day of his five-day trip, where he hugged survivors of Typhoon Morakot and prayed for its victims.

Business & Industry

Evergreen posts third quarterly loss

Industry insiders say that shipping companies commissioned too many new ships in the recent boom years, which are now causing oversupply

Macronix mulls expansion plan on high demand

Big demand for memory chips used mainly in handheld devices and games consoles fueled robust demand for Macronix’s advanced chips


Front page

Democrats to steer Japan toward talks with N.K.
A widely predicted landslide victory of the Democratic Party of Japan is expected to steer Japan towards initiating active dialogue with North Korea, but a substantial shift in Tokyo's North Korean policies remains to be seen.

Reshuffle buttresses Lee's reform push
President Lee Myung-bak yesterday replaced four top aides in a secretariat reshuffle aimed at enhancing policy coordination, publicity and relations...

Business & Industry

G20 to discuss short-term exit plans in Pittsburgh
Finance Minister Yoon Jeung-hyun said yesterday the 20 leading and emerging countries are expected to discuss short-term measures on when and how to phase out fiscal and monetary expansionary policies at the upcoming Group of 20 summit slated for Sept. 24-25 in Pittsburgh.

Deutsche Bank sees 'triple U' recovery
The world economy will see a "triple U-shaped recovery" wherein there will be three downward plunges before the global economy finally recovers, a senior Deutsche Bank economist said in Seoul yesterday.


Front page

Taking over leadership not on Liow's mind
MCA vice-president Datuk Seri Liow Tiong Lai said it has never crossed his mind to take over the party's leadership.

'State planned to hold talks'
The Selangor government had already planned for a dialogue session with the Section 23 residents over the temple relocation issue but some groups jumped the gun and started protesting.

Business & Industry

'Identify strengths to be competitive'
Malaysia, in its quest for a new economic model to chart future growth, needs to determine its own strengths.

Q2 earnings signal better times ahead
A better second half is expected as far as earnings are concerned, though overall earnings for the year are still likely to be lower than last year's, says OSK research head


Front page

CIMB a contender in retail banking ring
In Singapore, where CIMB Bank Singapore stands a David amongst the local Goliaths of retail banking, the Malaysian banking group is carefully loading its slingshot and taking aim.

Another round of trimming for development charge rates
The government has again trimmed development charge (DC) rates for some sites - though the cuts on average are smaller than those made six months ago.

Business & Industry

New spin on Piquet's crash in S'pore F1
Hell hath no fury like a woman scorned - or, it seems, a struggling F1 driver unceremoniously dumped by his team.

MediaRing surges on Indian tycoon's buy
MediaRing's share price surged 44.4 per cent yesterday, following news of Spice Global's purchase of a significant stake in the local internet telephony company for about $60 million.


Front page

ISA ready when needed
The government is ending Internal Security Act rule in Bangkok, but it is keeping the emergency law handy to use again against a red shirt rally.

Better drug laws, please
The UN Office on Drugs and Crime is urging Thailand and Laos to get at the big-shots who control trafficking and transnational organised crime.

Business & Industry

Many farmers feel forced to sell their land because of debts, while others are just tired of the hard physical labour.

Export growth to resume in fourth quarter
Thailand's export decline has bottomed out, with single-digit growth foreseen in the fourth quarter.


Front page

Dalai Lama calls on Taiwn to safeguard democracy
The Dalai Lama exhorted Taiwan to safeguard its democracy, interspersing prayers for the victims of Typhoon Morakot with a challenge to Communist China.

Barcelona buys defense, Madrid keeps Van der Vaart
European champion Barcelona strengthened its defense and Real Madrid thinned its out while hanging on to Netherlands midfielder Rafael Van der Vaart as the transfer deadline closed at midnight on Monday.

Business & industry
No new updates.

By: Staff Reporter
+44 20 8652 3214

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