In Wednesday's Asia papers

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

ASAHI SHIMBUN, Japan

Front page

Japan to export its nuclear expertise
An "all-star" public-private council will be created Thursday to provide Japanese expertise to countries planning to introduce nuclear power generation, officials said.

N. Korea faces new set of sanctions
The government on Tuesday approved new sanctions against North Korea to protest its nuclear test last month.

Business & Industry

No new updates.

CHINA DAILY, China

Front page

SCO leaders pledge concerted action
Leaders of the Shanghai Cooperation Organization (SCO) Tuesday pledged greater unity, increased economic cooperation and a firmer resolve to combat terrorism

China at the mercy of global hackers
China's lack of preparation against digital terrorism has left the country "extremely vulnerable".

Business & Industry

China may just 'miss' trade goal
China may miss its growth target for foreign trade this year due to shrinking overseas demand, although the economy has stabilized in the first half.

China, Russia to boost power trade
After oil and nuclear power, what will the next big thing be in terms of Sino-Russian energy cooperation? The answer might just lie in electricity trade.

TAIPEI TIMES, Taiwan

Front page

Cross-strait tax relief proposal triggers stalemate
The Democratic Progressive Party (DPP) said yesterday it opposed a proposal to allow Taiwanese businesses or individuals based in China to avoid paying taxes in Taiwan on income earned in China.

Tehran rules out annulment as protests grow
Iran’s top legislative body yesterday ruled out annulling a disputed presidential poll that has prompted the biggest street protests since the 1979 Islamic revolution, but said it was prepared for a partial recount.

Business & Industry

UBS forecasts gradual recovery
The local stock market will enter phases of corrections as the anticipated economic recovery will be slow and gradual, analysts at UBS Securities Pte Ltd said yesterday after wrapping up its two-day Taiwan Conference, with 260 company executives and investors participating.

Premier touts cross-strait cooperation
Premier Liu Chao-shiuan said yesterday the government’s plan to enhance cross-strait industrial cooperation would create a win-win scenario for both sides.

KOREA HERALD, South Korea

Front page

S. Korean leader rallies U.S. support for FTA enactment
South Korean President Lee Myung-bak tried to rally support in the U.S. Congress for ratification of the Korea-U.S. free trade agreement (FTA) Tuesday, shortly after he and his U.S. counterpart Barack Obama agreed to move the process forward, according to Yonhap News.

Lee, Obama warn against North
Presidents Lee Myung-bak and Barack Obama on Tuesday warned North Korea to abandon its nuclear programs or face serious consequences.

Business & Industry

Ssangyong strike drags on
Troubles at Ssangyong Motor Co. continue with little signs of being resolved.Yesterday, about 3,000 employees who survived the layoffs gathered outside the plant in Pyeongtaek, Gyeonggi Province to break the sit-in strike by workers that has stopped production for more than three weeks.

Korea may have hard time with tax shortfall
Korea is likely to struggle with large shortfalls in tax revenue next year, as tax cuts and an economic contraction this year are set to take a toll on government earnings, government sources said yesterday.

NEW STRAITS TIMES, Malaysia

Front page

Final warning for doctors to act on dengue cases
The Health Ministry is getting tough with doctors who have stubbornly refused to alert authorities to dengue cases.

Najib: No problem to unity talks
Prime Minister Datuk Seri Najib Razak said yesterday that he believed Pas was sincere in wanting to form a unity government with Umno as proposed by its president Datuk Seri Abdul Hadi Awang.

Business & Industry

KYM to sign RM300m medical hub deal soon
The medical complex project in Malacca is expected to see KYM back in the black as early as next year, says KYM group managing director

AirAsia X orders 10 A350s for US$2.2b
By buying the A350, AirAsia and AirAsia X have now got their strategy fixed all the way to 2020, says AirAsia Bhd group CEO

BUSINESS TIMES, Singapore

Front page

Japan: Tokyo stocks open lower
Japanese share prices opened lower on Wednesday, with the benchmark Nikkei-225 index falling 47.15 points or 0.48 per cent to 9,705.73 in the first minute of trading.

Obama to detail regulatory reform plan Wednesday
President Barack Obama will lay out his administration's much-anticipated plan to reform the US financial regulatory system at 12.50 ET (1550 GMT) on Wednesday, the White House said.

Business & Industry

UBS ups CapitaLand price target to $4.65
UBS on Wednesday raised its price target for Singapore's CapitaLand to $4.65 (US$3.19) from $3.20, citing a recovery in China's property sector.

Obama frets on debt, sees US unemployment rising
President Barack Obama said on Tuesday that worrying about the US government's finances 'keeps me awake at night' and the country needed to start planning now to tackle soaring deficits.

BANGKOK POST, Thailand

Front page

Rohingya crime lords
Three alleged people traffickers have been arrested on charges of arms dealing, passport forgery in the South - and suspected links to al-Qaeda.

Neighbourhood bully
OPINION Thailand again faces an influx of asylum seekers and the Burmese junta seeks to intimidate the weak.

Business & Industry

B19bn for Egat deferred
The government is expected to reschedule a 19-billion-baht debt repayment to the Electricity Generating Authority of Thailand (Egat) until after 2010 as fuel prices remain high.

US housing permits, starts rise
US housing construction starts and building permits rose more than expected in May after falling to record lows in April

JAKARTA POST, Indonesia

Front page

Obama wants new financial agency for consumers
Setting up a certain fight with big business, President Barack Obama is proposing a new regulatory agency to police lenders and protect consumers in credit, savings and other banking transactions.

Business & industry
No new updates.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
+44 20 8652 3214

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