AsiaPulse News back issues from April 2002:
FOREX-NOTE.
Apr 01, 2002 ... FOREX-NOTE $all $in $stx pticloser MUMBAI, APR 1 Asia Pulse - Interbank Foreign ...
STOCKS - DSE CLOSES UP - APR 1, 2002.
Apr 01, 2002 ... STOCKS - DSE CLOSES UP - APR 1, 2002 $all $in $stx pticloser NEW DELHI, Apr 1 Asia Pulse - In an otherwise negligible trading, pharmaceutical giant Ranbaxy Laboratories rallied on the stock market today following fresh purchases by knowledgeable circles, pushing up the DSE index by 2.86 ...
STOCKS- BSE CLOSES UP - APR 1, 2002.
Apr 01, 2002 ... STOCKS- BSE CLOSES UP - APR 1, 2002 $all $in $stx pticloser MUMBAI, Apr 1 Asia Pulse - A sharp rally in shares of Public Sector Undertakings (PSUs) aided the depressed sensex to score impressive gains at close in an otherwise lacklustre activity on the Bombay Stock Exchange (BSE) today ...
OPEN - ASIA PULSE INTERNATIONAL - APRIL 1, 2002.
Apr 01, 2002 ... Good Morning. This is the Asia Pulse International service of business intelligence, news, tenders and expert commentary on the economies of Asia provided by Asia Pulse Pte Ltd (Asia Pulse). Asia Pulse reserves all rights including copyright in relation to services ...
INDONESIAN LEADER VISITS SAMSUNG ELECTRONICS FACTORY.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - Visiting Indonesian President Megawati Sukarnoputri on Sunday visited the Samsung Electronics Co.'s factory in Suwon, Gyeonggi Province. She also visited the truce village of Panmunjeom, near the demilitarized zone dividing the Korean Peninsula into ...
S KOREAN ENVIRONMENT MINISTRY TO LAUNCH AIR POLLUTION AGENCY.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The Environment Ministry will launch today (Monday) an agency to improve the air quality in Seoul and its surrounding areas, according to officials. "The corps (agency) will operate a committee to fine-tune differences on the issue among ...
KOREAN CO TO SUPPLY WEB CONFERENCING TO UTAH UNI.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - An Internet multimedia solution developer, the 4NB Co. (www.4nb.co.kr) has signed a contract to supply its web-conferencing system, MeetingTown-Business, to Utah State University, according to the company. MeetingTown-Business makes it possible to ...
BEST WESTERN KOREAN UNIT LAUNCHES CHINA HOTEL CONSULTING.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The Business Group for Hospitality (BgH) Inc., the Korean unit of the world's largest hotel chain, Best Western International, has launched a hotel consulting business in China. BgH, which arranged the grand opening ceremony of the ...
KOREAN AIR TO EXPAND WEEKLY SEOUL-HANOI FLIGHTS.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - Korean Air will double its weekly flights to Hanoi, Vietnam, from two to four from today (Monday) in an effort to accommodate increases in the numbers of passengers. Passenger numbers have risen due to a recent rush to set up businesses in the ...
US INSURANCE SERVICES CO CRAWFORDS OPENS OFFICE IN NZ.
Apr 01, 2002 ... (Full text of a statement. Contact details below.) ATLANTA, Ga., March 31 PRNewswire-FirstCall-AsiaNet - Crawford & Company International Inc. (NYSE: CRDA CRDB) has announced the opening of a new office in Auckland, New Zealand. Operating as Crawford & Company New ...
ARAB OIL CO TO INVEST $US900MLN IN HYUNDAI OIL REFINERY CO.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The United Arab Emirates (UAE) oil investment company IPIC is to invest US$900 million in the financially-pressed Hyundai Oil Refinery Co., according to Hyundai. The UAE government's wholly invested IPIC has agreed to provide $400 million in loans and ...
MEGAWATI CALLS FOR MORE KOREAN INVESTMENT IN INDONESIA.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - Visiting Indonesian President Megawati Sukarnoputri has called for Korean economic circles to more invest in her country. At a luncheon meeting hosted by the four major economic groups, including the Federation of Korean Industries, Megawati also ...
CADPO SOFTWARE CONSULTING CO EXPANDS INTO ASIA PACIFIC.
Apr 01, 2002 ... (Full text of a statement. Contact details below.) WESTMINSTER, Colo., April 31 PRNewswire-Asianet - Cadpo (CAD Potential Inc.) has announced its expansion into the Asia Pacific region through a new company, Cadpo Asia Pte. Ltd. Cadpo provides the only global, ...
S KOREAN GOVT TO BOLSTER BOND MARKET.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The government has decided to improve transparency in the bond market before the end of June by introducing an electronic bond transaction system, strengthening the coordination of over-the-counter bond transactions and adopting other new measures. ...
S KOREAN IT TRADE GENERATES $1 BLN SURPLUS IN FEB.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - South Korea's information technology (IT) industry reaped a $US1.07 billion trade surplus in February, according to data from the Ministry of Information and Communications (MIC). The MIC report showed $3.06 billion in IT exports, down 13 percent ...
MEXICANA AIRLINES EXPANDS ROUTE NETWORK FROM TOKYO.
Apr 01, 2002 ... (The full text of this statement can be found at www.asianet.com.au. Contact details below.) MEXICO CITY, March 31 PRNewswire- AsiaNet - Mexicana announced that as of today it has begun a code-share network with Star Alliance partner, All Nippon Airways via Los ...
HYUNDAI, KIA MOTORS TO OPEN ASSEMBLY PLANTS IN CHINA.
Apr 01, 2002 ... NANJING, China, April 1 Asia Pulse - Hyundai Motor Corp., along with its sister company Kia Motors, is to produce small and mid-sized automobiles in China from October, under a strategic relationship with their Chinese counterparts, according to company sources. Under the ...
NEW SEA ROUTE TO FURTHER LINK SOUTH KOREAN, RUSSIAN PORTS.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - South Korean and Russian officials had agreed to consider promoting trade by linking the ports of Donghae, South Korea, and Nakhodka, Russia, at the first Korea-Far Eastern Siberia Subcommittee held March 27-29 in Vladivostok, the Ministry of Foreign Affairs and ...
S KOREAN GOVT TO CONDUCT SURVEY ON PRIVACY OF INFORMATION.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The Ministry of Information and Communication has said it will begin a survey today (Monday) of Internet shopping malls and other sites on adult content, education, finance and ticket sales to find out whether they are infringing privacy rights in the provision ...
S KOREAN GOVT TO SELL STAKE IN CHEJU BANK.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The South Korean government has decided to sell 51 percent of Cheju Bank shares held by the state-run Korea Deposit Insurance Corp. (KDIC) to the Shinhan Financial Holding Co. Government officials and scholars at a recent Public Fund Management ...
KOREAN GOV'T CALLS FOR EU TO HOLD BILATERAL TALKS ON WTO.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The South Korean government has requested that the European Union hold bilateral consultations, pursuant to the WTO's safeguard rule, the Ministry of Foreign Affairs and Trade said Friday. The talks are expected to be held in Brussels, Belgium in ...
KYONGNAM, KWANGJU BANKS SET TO MERGE WITH HANVIT.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - Woori Finance Holding said Friday that Kyongnam Bank and Kwangju Bank, both recipients of a public bailout, are to merge with the Hanvit Bank. A Woori source said a study on banking sector reorganization showed the need for such a merger. ...
HSBC TO OFFER FOREX SERVICES TO CHINESE BANK.
Apr 01, 2002 ... SHANGHAI, April 1 Asia Pulse - The Hongkong and Shanghai Banking Corporation (HSBC) had become the first overseas bank to offer foreign currency services to Chinese citizens and companies in Beijing, the bank said in a statement. It had also been given the green light by the ...
SINO-CANADIAN BIOSCIENCE CENTER ESTABLISHED IN XINJIANG.
Apr 01, 2002 ... URUMQI, April 1 Asia Pulse - A new lab studying the genetic modification of cattle was established on March 28 in northwest China's Xinjiang Uygur Autonomous Region. The Golden Cattle Bio-Technology Research Center is initiated by the Xinjiang Golden Cattle Biology Incorporated ...
KOREAN CONSUMER PRICES RISE 2.3 PCT DUE TO RISING TUITION FEES.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - Consumer prices rose 2.3 per cent in March compared with a year earlier, stabilizing at the two-percent level for three months in a row, the National Statistical Office (NSO) said Friday. The year-on-year consumer price hike rate was 2.6 per cent in ...
SINO-BRITISH ETHYLENE PLANT SET UP IN CHINA.
Apr 01, 2002 ... SHANGHAI, April 1 Asia Pulse - Construction of a Sino-British ethylene production plant with an annual output capacity of 900,000 tons and a total investment of US$2.75 billion began in the Shanghai Chemical Industrial Zone on March 28. This marked the beginning of the major ...
CHINA ALLOCATES US$1.1 BLN FOR TECHNICAL SUPPORT PROJECTS.
Apr 01, 2002 ... CHENGDU, April 1 Asia Pulse - China will set aside nine billion yuan (US$1.08 billion) for industrial and technical support projects this year, Xie Xuren, vice-minister of the State Economic and Trade Commission, said on March 28. The money will come from the proceeds of the 150 ...
CHINESE PREMIER CALLS FOR MORE KOREAN INVESTMENT.
Apr 01, 2002 ... BEIJING, April 1 Asia Pulse - Chinese Premier Zhu Rongji has said that China is encouraging entrepreneurs from the Republic of Korea (ROK) to invest more in China. At a meeting with South Korean participants in a Sino-ROK economic symposium in Beijing, Zhu said that business ...
CHINA, ASEAN TO HOLD MEETING ON FREE TRADE ZONE.
Apr 01, 2002 ... BEIJING, April 1 Asia Pulse - China and the ASEAN (Association of Southeast Asian Nations) will hold a senior officials' meeting in May this year to scrutinize preparations being made for talks on establishing a free trade zone, a senior official said in Beijing on March 28. ...
KOREAN NEWSPAPER HIGHLIGHTS - APRIL 1, 2002.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - Highlights of today's newspapers: DONG-A ILBO - Roh Moo-hyun leads MDP's South Gyeongsang, North Jeolla primaries - Israel-Palestine tension at worst point ever HANKYOREH SHINMUN - Presidential ...
CHAINCAST NETWORKS SECURES $US4MLN FINANCING.
Apr 01, 2002 ... (Full text of a statement. Contact details below.) SAN JOSE, Calif., April 1 PRNewswire-FirstCall-AsiaNet - ChainCast Networks, a pioneer of cost-effective streaming solutions for media groups, audio & video webcasters, Internet infrastructure companies, and corporate ...
KOREA'S FTC TO MONITOR MERGERS OF FOREIGN FIRMS.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The Fair Trade Commission said Monday that it will introduce regulations by year's end that will allow it to track mergers between foreign firms which could seriously impair relevant domestic industries. In a report to President Kim Dae-jung, FTC ...
CHINA TO INVESTIGATE DUMPING OF POLYVINYL CHLORIDE IMPORTS.
Apr 01, 2002 ... BEIJING, April 1 Asia Pulse - The Ministry of Foreign Trade and Economic Cooperation (MOFTEC) has launched an anti-dumping investigation into polyvinyl chloride imports from the United States, Japan, the Republic of Korea, Russia and Taiwan Province. MOFTEC will decide whether ...
N KOREA EXPRESSES INTENT TO MAINTAIN TALKS WITH SOUTH KOREAN PM.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - North Korean leader Kim Jong-il is known to have told Indonesian President Megawati Sukarnoputri during their talks that he has an intent to meet President Kim Dae-jung continuously, a government official said Sunday. "At the Saturday talks with ...
CHINA'S XI'AN SEES INCREASE IN MULTINATIONAL INVESTMENT.
Apr 01, 2002 ... BEIJING, April 1 Asia Pulse - An increasing number of the world's top 500 enterprises have established facilities in the Xi'an Economic and Technological Development Zone (XETDZ) in northwest China's Shaanxi Province. The multinationals choosing to set up branches in the zone ...
STOCKS - KOREAN SHARES OPEN LOWER - APRIL 1, 2002.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - Korean stocks got off to a sluggish start with most investors waiting to see if the market will regain the 900-point level it broke last Wednesday for the first time in two years or enter a protracted correction. The Korea Composite Stock Price Index ...
CHINA'S ICBC TO SET UP FOREIGN EXCHANGE BUSINESS FOR INDIVIDUALS.
Apr 01, 2002 ... BEIJING, April 1 Asia Pulse - The Industrial and Commercial Bank of China (ICBC) announced on March 28 that, ratified by the State Administration of Foreign Exchange, the bank will begin selling foreign exchange to individuals from April 1. A bank spokesman said that the new ...
NIPPON LIGHT METAL TO SPIN OFF TOYO ALUMINUM OPERATIONS.
Apr 01, 2002 ... TOKYO, April 1 Asia Pulse - Nippon Light Metal Co. (TSE:5701) said Friday that it will spin off its Toyo aluminum operating division, which produces aluminum foil and other products, and merge it with its aluminum sales subsidiary, Toyo Aluminium KK, on Oct. 1. As a result of a ...
KOREA'S POSCO TO INCREASE PRICES OF FOUR STEEL PRODUCTS.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - POSCO said Friday it will increase prices on some of its steel products by 20,000 won (US$15) per ton from May, creating concern over the move's effect on the prices of related products. From May 1, POSCO said the domestic prices of hot-coiled, ...
KOREAN PARTIES OK ROLLOVER BILL TO HELP STABILIZE FINANCIAL MKT.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The ruling and opposition parties have agreed to pass a bill in early April to allow the rollover of 4.5 trillion won (US$3.4 billion) of Korea Deposit Insurance Corp. (KDIC) bonds maturing by the end of the year, a Ministry of Finance and Economy official said ...
ASIAN AIRLINES GET 35% OF NEW LANDING SLOTS AT TOKYO AIRPORT.
Apr 01, 2002 ... TOKYO, April 1 Asia Pulse - Thirty-five per cent of new landing slots at the New Tokyo International Airport in Narita have been awarded to airlines from Asian countries, 36 per cent to domestic airlines, 21 per cent to U.S. carriers and 4 per cent to European airlines, the Ministry of ...
TOYOBO, FUJITSU TO LAUNCH JOINT GENE-ANALYSIS BUSINESS.
Apr 01, 2002 ... TOKYO, April 1 Asia Pulse - Toyobo Co. (TSE:3101), its subsidiary Toyobo Gene Analysis Co. and Fujitsu Ltd. (TSE:6702) in April will jointly launch a gene-analysis and research-support business aimed at developing pharmaceuticals, the companies said. The firms aim to meet ...
JAPAN WORKER PAY RISES 1.2% IN 2001: LABOR MINISTRY.
Apr 01, 2002 ... TOKYO, Apr 1 Asia Pulse - Average monthly pay for rank-and-file workers, including salaried workers, grew 1.2 per cent on the year in 2001 to 305,800 yen (US$2,303.70), as shown by preliminary figures released by the Ministry of Health, Labor and Welfare. Pay for male employees ...
JAPAN'S AIN PHARMACIEZ TO MERGE WITH DRUG STORE CHAIN.
Apr 01, 2002 ... TOKYO, April 1 Asia Pulse - Ain Pharmaciez Inc. (TSE:9627) said Friday that it will merge with Imagawa Yakuhin, a drugstore chain based in Ibaraki Prefecture, effective Nov. 1. The move is expected to result in a company that will have revenue exceeding industry leader Kraft ...
KOREAN FIRM JOINS MALAYSIA'S SATELLITE DEVELOPMENT PROJECT.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - A local satellite firm said Friday that it has joined a satellite development project pushed for by Malaysia. SaTReCi Co. said that it is involved in a joint project to develop an Earth observation satellite with Astronautic Technology, the lead ...
VIETNAM'S COFFEE OUTPUT DECREASES IN 2001-2002 CROP.
Apr 01, 2002 ... HANOI, April 1 Asia Pulse - Vietnam's coffee output in the 2001-2002 crop will decrease by 600,000 tonnes, the Vietnam Coffee and Cacao Association forecast. The steady decline in coffee prices over the past two years has caused many coffee growers to develop other farm produce ....
S KOREA'S CHIP-MAKING EQUIPMENT MAKERS SPEED UP CHINA ENTRY.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - South Korea's chip-making equipment makers are stepping up their advance into the Chinese market, taking advantage of a steep rise in demand for semiconductors in China and its low production costs, industry sources said Monday. K.C.Tech Co, which ...
KOREA'S INTERNATIONAL FLIGHTS TO SURGE AHEAD OF WORLD CUP.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The number of international flights is expected to jump ahead of the opening of the 2002 FIFA World Cup finals, the Ministry of Construction and Transportation said Friday. Korean Air, Asiana Airlines and 45 foreign carriers will expand weekly service ...
VIETNAM LICENSES 101 FOREIGN-INVESTED PROJECTS IN Q1.
Apr 01, 2002 ... HANOI, April 1 Asia Pulse - Vietnam licensed an 101 foreign-invested projects with a combined registered capital of US$215 million in the first quarter of this year. Southern provinces remained attractive places for foreign investors. Ho Chi Minh City drew the largest number of ...
FOREX - KOREAN WON OPENS HIGHER - APRIL 1, 2002.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The Korean won was higher against the U.S. dollar early Monday. The greenback opened higher at 1,326 won but continued to fall to 1,324.70 won as of 10:27 a.m., down 1.20 won from Friday's close of 1,325.90 won. The dollar's strength ...
PFIZER WINS TRADEMARK INFRINGEMENT SUIT AGAINST JAPAN'S YASUIDO.
Apr 01, 2002 ... TOKYO, April 1 Asia Pulse - The Tokyo District Court on Tuesday ruled in favor of Pfizer Pharmaceuticals Inc. in a trademark violation lawsuit filed by the Japanese subsidiary of Pfizer Inc. of the U.S. against Yasuido International, Pfizer Pharmaceuticals officials said. The ...
JAPAN'S CONSTRUCTION MACHINERY SHIPMENTS FALL 17.7% IN FEBRUARY.
Apr 01, 2002 ... TOKYO, April 1 Asia Pulse - Construction machinery shipments fell 17.7 per cent year-on-year in February to 89.2 billion yen (US$672 billion), the 17th straight month of decline, according to figures released by the Japan Construction Equipment Manufacturers Association. The ...
PAKISTAN SEAFOOD EXPORTS SLIDE 12 PCT.
Apr 01, 2002 ... KARACHI, April 1 Asia Pulse - Pakistan's seafood exports has declined 12 per cent in the first eight months of current fiscal year as a result of September 11, exporters say. Official figures put the July-February 2002 seafood export at US$88 million compared to US$100 million ...
JAPAN'S USHIO DEVELOPS COMPACT UV IRRADIATION GEAR FOR CHINA.
Apr 01, 2002 ... TOKYO, April 1 Asia Pulse - Ushio Inc. (TSE:6925) has developed ultraviolet irradiation equipment that is about 30 per cent smaller than products available to date and offers low power consumption. It plans to market the SP-7 in China, where there is a growing market for the ...
PAKISTAN, UK DISCUSS STRENGTHENING OF TRADE TIES.
Apr 01, 2002 ... ISLAMABAD, April 1 Asia Pulse - Pakistan's chairman of the Board of Investment, Waseem Haqie, held a meeting with the Chief Executive of the UK Trade Department, Sir David Wright, to discuss further strengthening of trade relations between the two countries and briefed him on investment ...
INDONESIAN NEWSPAPER HIGHLIGHTS - APRIL 1, 2002.
Apr 01, 2002 ... JAKARTA, April 1 Asia Pulse - Highlights from today's newspapers: THE JAKARTA POST - The government is set to issue a new ministerial decree this week that bans existing Voice over Internet Protocol (VoIP) operators from continuing their services and gives the ...
VIETNAMESE NEWSPAPER HIGHLIGHTS - APRIL 1, 2002.
Apr 01, 2002 ... HANOI, April 1 Asia Pulse - Highlights of today's newspapers: NHAN DAN: - During a meeting held here yesterday with 327 young entrepreneurs representing thousands of young business people across the country, Prime Minister Phan Van Khai praised young Vietnamese ...
KOREA'S HANARO CALLS OFF MERGER TALKS WITH THRUNET.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - Hanaro Telecom in a Monday disclosure said that it has suspended merger talks with Thrunet, citing the sale of Thrunet's exclusive circuit business to SK Telecom. Hanaro said that Thrunet offered to sell other assets, including its Internet operations ...
CHINESE NEWSPAPER HIGHLIGHTS - APRIL 1, 2002.
Apr 01, 2002 ... BEIJING, April 1 Asia Pulse - Highlights of today's newspapers: PEOPLE'S DAILY - Collection of designs for two large sports facilities for the 2008 Olympic Games, to be hosted by the Chinese capital, will start April 2, according to a news conference held Sunday in ...
APARTMENT PRICES IN SEOUL POST STEEP RISE.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The total sum of apartment prices in Seoul increased close to 50 trillion won (US$37.75 billion) for a year, a real estate research company said Monday. The results came from a survey conducted by NeoNet Inc. on apartment prices that covered 2,447 ...
KOREA'S TRIGEM SEES RISE IN Q1 SALES UP 14.5 PCT.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - Trigem Computer said Monday that its first quarter PC sales reached 869,500 units, up 14.5 per cent year-on-year. Domestic sales totaled 190,000 units, down some 3,000 ...
KOREAN GOVT EYES SELLING OFF KT STOCKS IN FOUR DIFFERENT WAYS.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - The government plans to sell off its 28.37 per cent stake or 88.57 million shares, in KT Corp. by adopting four different methods, with the telecom carrier's planned privatization just three months away, government officials said Monday. The four ...
S KOREAN PRESIDENT VIEWS MEGAWATI'S MISSION AS SUCCESSFUL.
Apr 01, 2002 ... SEOUL, April 1 Asia Pulse - Indonesian president Megawati Sukarnoputri visit to North and South Korea was successful, said South Korean President Kim Dae Jung, and may help resume the two countries' stalled dialogue on peace. Kim Dae Yung made the remarks during a state banguet ...
VIETNAM CASHEW INDUSTRY TO BOOST EXPORTS.
Apr 01, 2002 ... HANOI, April 1 Asia Pulse - The Vietnam Cashew Association (VNCA) reports the sector has targeted an export mark of 40,000 tonnes this year, a 2000 tonne increase over last year. The majority of the increase is expected to come from traditional importers. The United ...
ELECTRONIC RESEARCH CENTER SET UP IN SHANGHAI.
Apr 01, 2002 ... SHANGHAI, April 1 Asia Pulse - An electronic research institute affiliated to the Shanghai General Electronics Group (SGEG) was established on March 29. The institute is expected to become one rivaling the research organs of global giants such as IBM, Bell and Sony, which have ...