In Friday's Asia papers

09 October 2009 02:00  [Source: ICIS news]

ASAHI SHIMBUN, Japan

Front page

Hatoyama now backtracking on Futenma relocation pledge
Prime Minister Yukio Hatoyama appears to be vacillating on his party's election pledge to consider relocating a major U.S. facility out of Okinawa Prefecture.

Tokyo trains paralyzed as typhoon churns up Honshu
Typhoon No. 18 tore through the eastern half of the main island of Honshu on Thursday, paralyzing transportation services in the Tokyo metropolitan area.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

Trade, climate top US-China agenda
The White House announced on Thursday that President Barack Obama's first trip to Asia as president will begin in Japan and take him to Singapore, China and the Republic of Korea.

108 stand accused in Urumqi riot
Accusations have been brought against 108 suspects allegedly involved in the riot in Urumqi in July, the capital of the Xinjiang Uygur autonomous region.

Business & Industry

US probe likely to 'harm' trade ties
A US government probe that could lead to anti-dumping levies of nearly 100 percent on imports of Chinese steel pipes could escalate trade disputes between the two countries, industry analysts said yesterday.

Eximbank in discussions to loan ENRC $876m
The Export-Import Bank of China was reportedly in talks to fund Kazakh metals producer Eurasian Natural Resources Corp (ENRC) on an $876-million project to enhance its production capacity.

TAIPEI TIMES, Taiwan

Front page

High Court hears Chen detention case
The Taiwan High Court yesterday held a second detention hearing on arguments from prosecutors and former president Chen Shui-bian’s lawyers to determine whether Chen should remain in detention. The hearing was continuing at press time.

US deficit to hit US$1.4tn this year: CBO
The US budget deficit is expected to hit a record US$1.4 trillion this year, some US$950 billion greater than the shortfall recorded last year, the Congressional Budget Office (CBO) said on Wednesday.

Business & Industry

Membership on Wretch site reaches 6.5 million
The firm’s founder said offering a better user interface and innovative services would be crucial as the nation’s Internet market shows signs of saturation

Developing economies top HSBC favorites
Brazil, India and China were favored investment targets, but Russia was not because it lacked domestic demand, the bank said

KOREA HERALD, South Korea

Front page

Lee-Hatoyama summit today
President Lee Myung-bak is to hold a summit with Japanese Prime Minister Yukio Hatoyama here today to discuss ways to advance bilateral ties and security issues in the region.

Yu urges closer 5-party coordination
Foreign Minister Yu Myung-hwan yesterday placed emphasis on the importance of close coordination between the remaining five members of the six-party talks aimed at ending North Korea's nuclear weapons program...

Business & Industry

Mass market electric cars due in 2011
The government plans to support local carmakers in developing core technologies for electric cars to speed up mass-production of the eco-friendly vehicles, officials said yesterday.

Exports likely to rebound in 4th quarter
Korea's exports are expected to rebound in the fourth quarter, driven by a rapid growth in shipments throughout Asia, a survey showed yesterday.

NEW STRAITS TIMES, Malaysia

Front page

AirAsia X sets aim on Orly next year
Budget long-haul carrier AirAsia X hopes to mount flights to France as early as next year, after receiving the nod to land in France.

Higher strategic profile in France for Malaysia
THE prime minister ended his visit here yesterday after raising Malaysia's strategic profile in France, winning concessions and bolstering the two countries' business partnerships.

Business & Industry

PTP plans to raise RM1.5b via sukuk issue
Pelabuhan Tanjung Pelepas Sdn Bhd (PTP) plans to raise some RM1.5 billion from the sale of government-guaranteed Islamic bonds, a source close to the company said.

Naza Auto to roll out entry-level Peugeot car
Naza Automotive Manufacturing Sdn Bhd (NAM) will roll out a new entry-level Peugeot car for the domestic and export markets by the third quarter of next year.

BUSINESS TIMES, Singapore

Front page

Australia's big jobs surge fuels rate fever
Australian employment surged past all expectations in September and the jobless rate dropped in what might be a surprisingly early turning point, adding to the case for more interest rate rises this year.

Fatter year ahead after blip in govt land sales
The government collected $7.3 billion from sales of state land in the year ended March 2009, $5.1 billion lower than the record $12.4 billion raked in the year before.

Business & Industry

One ad, but 500 apply for private bank job
With confidence returning to the financial markets, the private banking industry is recruiting with a vengeance. The high turnover though is not a good thing in terms of cost to the banks and service to clients.

Peter Lim wins libel suit on appeal
Former remisier Peter Lim has emerged victorious in the Singapore Court of Appeal in his defamation suit against Lin Jian Wei and Margaret Tung in a case stemming from the Raffles Town Club (RTC) fiasco.

BANGKOK POST, Thailand

Front page

Split on amendments
The opposition whip has signed on his Puea Thai Party for constitutional changes, but there are signs of rifts over charter change and a referendum.

US 'the real bad guy'
Developing countries and activists claim the United States is trying to "murder" the Kyoto Protocol by insisting poorer countries cut emissions.

Business & Industry

AirAsia boss blasts AoT fees as excessive
The lack of policies to attract budget tourists and to promote no-frills carriers is hampering the growth of Thailand's...

Toshiba to continue investing in Thailand
Toshiba Corporation of Japan insists it will continue its investment in Thailand, which is a candidate for an LED...

JAKARTA POST, Indonesia

Front page

UN extends NATO force in Afghanistan for a year
The Security Council voted Thursday to extend U.N. authorization for NATO's 70,000-strong force in Afghanistan for a year, emphasizing the importance of protecting civilians just as the U.S. and international commitment to the war is under review.

Business & industry
No new updates.

By: Staff Reporter
+44 20 8652 3214

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