AsiaPulse News back issues from September 2003:
STOCKS - DSE TRADELESS - SEPTEMBER 1, 2003.
Sep 01, 2003 ... NEW DELHI, Sep 1 Asia Pulse - The Delhi Stock Exchange (DSE) remained tradeless on Monday with most of the market players executing their transactions on the other leading bourses for better liquidity, ...
STOCKS - BSE CLOSES UP - SEPTEMBER 1, 2003.
Sep 01, 2003 ... MUMBAI, Sep 1 Asia Pulse - Powered by consistent net purchases by foreign institutional investors, blue-chip stocks under the leadership of RIL, continued their rally to straight 5th session lifting the sensex past 4300-mark on Bombay stock exchange despite fairly good profit booking by ...
FOREX - US DOLLAR REMAINS SAME AGAINST RUPEE - SEPTEMBER 1, 2003.
Sep 01, 2003 ... MUMBAI, Sep 01 Asia Pulse - The U.S Dollar ended barely changed against the Rupee at Rs 45.8650 per dollar but the Pound Sterling turned lower at Rs 72.15 per pound at the ...
PAKISTAN NEWSPAPER HIGHLIGHTS - SEPT 1, 2003.
Sep 01, 2003 ... KARACHI, Sept 1 Asia Pulse - Highlights of today's newspapers: DAWN - Iraqis blame US, Saddam for Najaf car blast - Troops off to Turkey for joint exercises - Key round for Legal framework Order talks today - Canadian Foreign Minister ...
ASIAN MARKETS - SHARES CLOSE BROADLY HIGHER - SEPT 1, 2003.
Sep 01, 2003 ... A round-up of Asian stock markets for Sept 1, 2003 prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. SYDNEY, Sept 1 Asia Pulse - Asian share markets closed broadly higher ...
FOREX - AUSTRALIAN DOLLAR OPENS FIRMER - SEPT 1, 2003.
Sep 01, 2003 ... SYDNEY, Sept 1 Asia Pulse - The Australian dollar sprang into the new week in positive territory, firming against a broadly weaker United States dollar. At 0700 AEST the Australian dollar was trading at .6476/84 compared with Friday's close of 0.6442/48. The ...
AUSTRALIAN NEWSPAPER HIGHLIGHTS - SEPT 1, 2003.
Sep 01, 2003 ... SYDNEY, Sept 1 Asia Pulse - Highlights of today's newspapers: THE DAILY TELEGRAPH - Ex-prisoner awarded six-figure compensation sum after falling out of cell bunk. - Jemaah Islamiah's founding principles revealed in secret guidebook. - ...
S KOREA AIMS TO LURE FOREIGN R&D CENTERS.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - The Ministry of Science and Technology said it is encouraging world-class institutes and private companies to establish research and development centers in South Korea. The ministry recently signed a contract to set up a research and development center ...
KOREAN BOURSES SET TO CONTINUE BULLISHNESS.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - South Korea's stock markets are expected to continue their bullishness next week thanks to a rising trend on Wall Street and continued buying by foreign investors, analysts said. The Korea Composite Stock Price Index (KOSPI) closed this week at ...
S KOREA'S PHARMACEUTICAL TRADE DEFICIT NARROWS.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - South Korea's trade deficit in drug-related goods fell by 35 per cent annually to US$767 million in the first-half of this year, helped by the slowed import of low-cost Chinese medicines, a survey said. According to the report by the Korea ...
SOUTH KOREA LEADS WORLD IN ANNUAL WORKING HOURS: ILO.
Sep 01, 2003 ... GENEVA, Sept 1 Asia Pulse - South Koreans worked more hours than any other people on the globe in 2001, the International Labor Organization said. According to the organization's biennial report titled "Key Indicators of the Labor Market," Korea's workers logged an estimated ...
S KOREA TO STRENGTHEN TAXES ON REAL ESTATE OWNERS.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - The Home Affairs Ministry said it will announce a basic plan to strengthen taxes on excessive real estate holdings Monday afternoon. The plan has been forged through consultations among related ministries, including the Ministry of Finance and Economy, ...
S KOREAN GROUPS TO ANNOUNCE STEPS ON FIVE-DAY WORKWEEK.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - The nation's five leading business organizations said they would jointly discuss follow-up steps to cope with the recently-approved five-day workweek system and other pending economic issues. According to the Korean Employers Federation (KEF), the ...
AIG, NEWBRIDGE CAPITAL TO INVEST $US600 MLN IN HANARO.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - Troubled broadband Internet operator Hanaro Telecom (KOSDAQ:33630) said it had reached an agreement with the consortium of American International Group (AIG) and Newbridge Capital to obtain syndicated loans worth million. "We have agreed with the ...
KOREA EXCHANGE BANK APPOINTS NEW DIRECTORS.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - The Korea Exchange Bank (KSE:04940) has appointed seven new outside directors, including five recommended by Lone Star, a U.S. investment fund which recently became the bank's largest shareholder. The five outside directors from Lone Star include John ...
TREND MICRO COMPLETES SHARE BUYBACK.
Sep 01, 2003 ... (Full text of a statement. Contact details below.) TOKYO, Sept 1 XFNHK - Trend Micro (TSE: 4704; Nasdaq: TMIC), a worldwide leader in network antivirus and Internet content security, today announced the results of share buyback pursuant to Article 210 of the Japanese ...
AIR PRODUCTS TAKES OVER ASHLAND FIRM FOR $US300MLN.
Sep 01, 2003 ... (Full text of a statement. Contact details below.) LEHIGH VALLEY, Pa., Sept 1 PRNewswire-FirstCall-AsiaNet - Air Products (NYSE: APD) - a globally diversified gases and chemicals company, and a leading materials and services solution provider to the semiconductor industry - ...
HANARO TELECOM TO OFFLOAD 39.1PCT STAKE FOR $US500MLN.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - The board of directors of Hanaro Telecom Inc (KOSDAQ:33630) have voted to turn over 39.1 per cent of the company's share to the AIG-Newbridge consortium for US$500 million. The cash investment proposal by the consortium will make it the largest ...
INTEL TO OPEN RESEARCH, DEVELOPMENT CENTRE IN S KOREA.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - U.S. computer chip giant Intel is set to open a high-tech research and development center by the end of this year in South Korea to boost its technology development capacity. Intel chief executive officer Craig Barrett, who visited Seoul as part of a ...
N. KOREA CLAIMS BEIJING TALKS WERE 'USELESS'.
Sep 01, 2003 ... PYONGYANG, Sept 1 Asia Pulse - Calling the just-ended six-way talks in Beijing "useless," North Korea reiterated Saturday that it has no choice but to increase its nuclear power. "(The six-way talks) reinforced the belief that we have no other option but to continue to ...
KOGAS RECEIVES OVERSEAS DIVIDENDS OF $US20MLN 1H 2003.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - The Korea Gas Corporation (KOGAS) (KSE:36340) said it has received dividends of 24.6 billion won (US$20.86 million) from overseas liquefied natural gas (LNG) project investment in the first half of this year. KOGAS obtained dividends of 19 billion won ...
INDIA, AUSTRALIA SIGN MOU ON TELECOMS.
Sep 01, 2003 ... MELBOURNE, Sept 1 Asia Pulse - Taking their bilateral relationship forward, India and Australia on Friday signed an agreement in the field of telecommunication with India's External Affairs Minister Yashwant Sinha saying that New Delhi is turning "a new leaf" in its relationship with ...
INDIA SAYS TRIPS AND PUBLIC HEALTH A HUMANITARIAN ISSUE.
Sep 01, 2003 ... NEW DELHI, Sept 1 Asia Pulse - India on Friday said TRIPS (trade-related intellectual property rights) and Public Health were not commercial but humanitarian issues which should be resolved in a manner that ensures availability of cheap medicines to poorer nations. "We will go ...
BEIJING CRACKS DOWN ON PUBLISHINGPIRACY.
Sep 01, 2003 ... (Full text of a statement. Contact details below.) LONDON, Sept 1 PRNewswire-AsiaNet - Frederick Warne & Co., a subsidiary of Penguin Books Limited, welcomes the decision from the Beijing Xicheng District Administration of Industry and Commerce's ruling to protect and assert ...
KIA'S CARNIVAL SELECTED AS NATIONAL CAR IN MALAYSIA.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - Asia Pulse - Malaysia has chosen Kia Motors' minivan Carnival as its national car in the multi-purpose vehicle sector and begun its mass production, a company official said Friday. On Thursday, a ceremony to mark the debut of Carnival was held in ...
STOCKS - KOREAN INDEX OPENS BULLISH - SEPT 1, 2003.
Sep 01, 2003 ... SEOUL, Sept. 1 Asia Pulse - South Korean stocks got off to a strong start early Monday on last week's strong end of the Wall Street. The Korea Composite Stock Price Index (KOSPI), or the barometer of the main ...
STOCKS - AUSTRALIAN STOCKS OPEN HIGHER - SEPT 1, 2003.
Sep 01, 2003 ... SYDNEY, Sept 1 Asia Pulse - The Australian stock market pushed higher at the open today, aided by gains in popular blue chips. The benchmark S&P/ASX 200 index gained 11.4 points to 3211.1 while the all ordinaries index climbed 12.0 points to 3214.9 by 1015 AEST. Most ...
INDIA'S CII SENDS HEALTHCARE MISSION TO UK FROM SEPT 1-5.
Sep 01, 2003 ... NEW DELHI, Sept 1 Asia Pulse Asia Pulse - In a bid to further the dialogue between the UK Healthcare Mission and the domestic healthcare industry and discuss technological transfer and collaboration, an Indian healthcare mission would visit the UK during September 1-5 under the leadership ...
WEEKLY BSE REVIEW, WEEK ENDING AUG 30, 2003.
Sep 01, 2003 ... MUMBAI, Aug 30 Asia Pulse - The sensex overcame severe negative impact of Monday's twin bomb-blasts and rebounded from the low of 3943 to end the week with another 2.90 per cent gain in sustained bull run on the Bombay Stock Exchange here. The BSE Barometer advanced by 119.61 ...
INDIA'S FOREIGN CURRENCY RESERVES RISE BY $148 MLN.
Sep 01, 2003 ... MUMBAI, Sept 1 Asia Pulse - India's foreign exchange reserves rose by $148 million at $85,563 million, a record high level, during the week ended August 22. The foreign currency assets increased by $147 million at ,932 million in the period under review, according to Reserve ...
WEEKLY DSE REVIEW, WEEK ENDING AUG 29, 2003.
Sep 01, 2003 ... NEW DELHI, Aug 30 Asia Pulse - The Delhi Stock Exchange (DSE) remained tradeless for the week ending August 29 as most of the market participants executed transactions on the country's other bourses. Marketmen said member brokers, retail investors and financial institutions ...
INDIA TO SIGN PACT WITH SOUTH AFRICAN CUSTOMS UNION.
Sep 01, 2003 ... KOLKATA, Aug 30 Asia Pulse - India would sign a framework agreement with South African Customs Union in October this year to chart out the steps required to boost trade between the signatory countries of South Africa, Namibia, Botswana, Swaziland and Lesotho, India's Junior Minister for ...
SINO-INDIA TRADE UP BY 37.5% to $4.94 BLN IN 2002.
Sep 01, 2003 ... KOLKATA, Sept 1 Asia Pulse - Trade between India and China, as per Chinese statistics, for the period January to December 2002 reached US$4.94 billion, an increase of 37.50 per cent over the same period of 2001. The statistics made available by Indian Chamber of Commerce at a ...
STOCKS - TOKYO INDEX OPENS HIGHER - SEPT 1, 2003.
Sep 01, 2003 ... TOKYO, Sept 1 Asia Pulse - Stocks in Tokyo have opened higher Monday by 0.54 per cent, with the ...
INDIA SAYS IT IS OPPOSED TO NEW WTO TRADE ISSUES.
Sep 01, 2003 ... NEW DELHI, Sept 1 Asia Pulse - India on Friday said it will oppose tooth and nail any attempt to bring in new issues like investment into the work programme of WTO at the Cancun Ministerial in September. "We are not willing to bend. We will stand still even at the risk of ...
MALAYSIAN NEWSPAPER HIGHLIGHTS - SEPT 1, 2003.
Sep 01, 2003 ... KUALA LUMPUR, Sept 1 Asia Pulse - Highlights of today's newspapers: THE STAR: - Two years after putting its liberalisation plan in action, LPI Capital Bhd through its wholly-owned subsidiary London & Pacific Insurance Co Bhd (LonPac) is beginning to see the results ...
HOME APPLIANCE MAKERS COMPETING TO DEVELOP 'GREEN TECHNOLOGY'.
Sep 01, 2003 ... SEOUL, Sept 1 Asia Pulse - South Korea's major electric home appliance makers are endeavoring to outdo each other in applying "green" technology, or environment-friendly technology, to their new products. The nation's "big three" -- Samsung Electronics Co. (KSE:05930), LG ...
TOKYO WANTS TO STEP UP INVESTMENT IN INDONESIA.
Sep 01, 2003 ... BANJARMASIN, S. Kalimantan, Sept 1 Asia Pulse - Tokyo wants Japanese businessmen to step up investment in Indonesia in a bid to boost economic ties between the two nations, a Japanese official said here Thursday. "We always encourage our private businessmen to invest in ...
GEN-PROBE FILES SHELF REGISTRATION STATEMENT.
Sep 01, 2003 ... (Full text of statement. Contact details below.) SAN DIEGO, Calif., Aug 30 PRNewswire-FirstCall-AsiaNet - Gen-Probe Incorporated (Nasdaq: GPRO) today announced that it has filed a Form S-3 shelf registration statement with the Securities and Exchange Commission. Upon being ...
INDIA'S BETA GROUP TO SET UP PLANTS IN NEPAL, DUBAI.
Sep 01, 2003 ... CHENNAI, Sept 1 Asia Pulse - Beta Group, the Rs 20,000 million (US$436 million) multi-national company engaged in food processing, is planning to put up two units in Nepal and Dubai in a year or two to take care of the markets in their neighbourhood, a top executive of the Beta group, said ...
TAIWAN'S WTO RESEARCH CENTER TO BE INAUGURATED SEPT. 8.
Sep 01, 2003 ... TAIPEI, Sept 1 Asia Pulse - Taiwan will inaugurate a World Trade Organization (WTO) research center Sept. 8 to draft various initiatives to be presented to the world trade regulatory body, Cabinet sources said Saturday. The new think tank will be managed by the Chung-Hua ...
KAOHSIUNG MAYOR BEGINS SIX-DAY JAPAN VISIT.
Sep 01, 2003 ... KAOHSIUNG, Southern Taiwan, Sept 1 Asia Pulse - Kaohsiung Mayor Frank Hsieh will fly to Japan at the head of a trade and tourism promotion mission today for a six-day visit. Speaking at a press conference held on Sunday afternoon, Hsieh said that his upcoming trip is aimed at ...
ANGLOGOLD POSTS 18 PCT FALL IN FIRST HALF PROFIT.
Sep 01, 2003 ... PERTH, Sept 1 Asia Pulse - AngloGold Ltd (ASX:AGG) has reported an 18 per cent fall in interim first half profit to million. In its report for the six months to June 30, 2003, released Friday, the company said profit was down despite a 20 per cent increase in revenues to $US ...
FOREIGN FIRMS: DEREGULATION VITAL FOR INVESTMENT IN TAIWAN.
Sep 01, 2003 ... TAIPEI, Sept 1 Asia Pulse - International corporations investing in Taiwan suggest that transparency and simple laws and regulations are vital to the improvement of Taiwan's investment environment. Nearly half of the foreign companies in Taiwan answering a questionnaire on the ...
INDONESIA'S TELKOM TOLD TO RECONSIDER HYDROPOWER PLANTS IN JAVA.
Sep 01, 2003 ... JAKARTA, Sept 1 Asia Pulse - State-run electricity company PT PLN has been told to reconsider its plan to build hydropower plants (PLTA) in Java because they could face complicated problems during the dry season. "In the future, we will ask PLN to reconsider its plan to build ...
LASERSOFT RELEASES SILVERFAST DCPRO FOR HIGH-END DIGITAL CAMERAS.
Sep 01, 2003 ... (Full text of statement. Contact details below.) KIEL, Aug 29 PRNewswire-AsiaNet - Unique Virtual Light Table Features Integrate Versatile Picture Organisation with Powerful Image Enhancement tools LaserSoft Imaging AG, the developer of SilverFast Professional ...
CHALLENGER GROUP TO BUY ZURICH ARM FOR $US85MLN.
Sep 01, 2003 ... SYDNEY, Sept 1 Asia Pulse - Zurich Capital Markets' Australian Principal Finance business is to be bought for $A133 million ($US85.78 million) by the Challenger Financial Services Group (ASX:CFG). The Kerry Packer-backed Challenger group today said the deal will allow Challenger ...
TAIWAN AEROSPACE MISSION VISITS DALLAS.
Sep 01, 2003 ... DALLAS, Sept 1 Asia Pulse - A Taiwan aerospace mission, led by Industrial Development Bureau Director General C. Y. Chen, arrived here Sunday to promote cooperation between the aerospace industries of the United States and Taiwan. The 20-member mission will be composed of ...
METALDYNE GETS LOI FROM HYUNDAI TO SUPPLY CONNECTING RODS.
Sep 01, 2003 ... (Full text of statement. Contact details below.) PLYMOUTH, Mich., Aug. 29 PRNewswire-AsiaNet - Metaldyne announced today that Hyundai has awarded the company a contract to supply finished machined and assembled powder metal forged connecting rods for a future engine program. ...
INDUSTRY DISCUSSES LISTING OF O'SEAS TAIWANESE COMPANIES ON TSE.
Sep 01, 2003 ... TAIPEI, Sept 1 Asia Pulse - By allowing international corporations invested by Taiwanese businessmen overseas to become listed on the Taiwan Stock Exchange, the government will help Taiwanese businessmen abroad to have a new channel to raise capital, which will advance Taiwan's position as ...
TAIWAN'S ECONOMY SHOULD BE GLOBALIZED: PRESIDENT CHEN.
Sep 01, 2003 ... TAIPEI, Sept 1 Asia Pulse - President Chen Shui-bian said that liberalization and globalization are the two principles for Taiwan's future economic development. Speaking at a meeting with members of his economic advisory panel held at the Presidential Office, Chen said that ...
TAIWAN'S MOTC TO STUDY CHINESE HARBOR FACILITIES.
Sep 01, 2003 ... TAIPEI, Sept 1 Asia Pulse - The Ministry of Transportation and Communications (MOTC) has budgeted NT$78,000 (US$2,260) to send an official to mainland China to study its harbor facilities next year. The MOTC said in the budget plan that, in tandem with the government's plan to ...
TAIWAN'S GOV'T BUDGETS US$4.91 BLN FOR NATIONAL DEVELOPMENT PLAN.
Sep 01, 2003 ... TAIPEI, Sept 1 Asia Pulse - The administration has budgeted NT$168.4 billion (US$4.91 billion) for the national development plan in fiscal 2004. Under the administration's 2004 budget submitted to the Legislative Yuan Friday, NT$94.2 billion has been budgeted for public ...
HONG KONG NEWSPAPER HIGHLIGHTS - SEPT 1, 2003.
Sep 01, 2003 ... HONG KONG, Sept 1 Asia Pulse - Highlights of today's newspapers: THE STANDARD: - ``The worst is over,'' Jockey Club chief executive Lawrence Wong declared yesterday after the new racing season started with a 16 per cent increase in turnover. - High-end ...
NGO URGES INDONESIA TO REJECT WTO AGREEMENTS.
Sep 01, 2003 ... JAKARTA, Sept 1 Asia Pulse - The Indonesian government should cooperate with other developing countries in rejecting World Trade Organization (WTO) agreements, the Institute for Global Justice (IKG) said. Bonnie Setiawan, executive director of IKG, said here Thursday the ...
BANK EXECUTIVES OPTIMISTIC ABOUT TAIWAN'S ECONOMIC PROSPECTS.
Sep 01, 2003 ... TAIPEI, Sept 1 Asia Pulse - Economic recoveries in the United States and Japan will help stimulate Taiwan's economy and Taiwan will benefit from positive economic developments in mainland China, regional executives of two international banks said. Cheng Cheng-mou, vice president ...
KADIN SAYS TRADE BETWEEN INDONESIA AND OIC STILL LOW.
Sep 01, 2003 ... PEKANBARU, Riau, Sept 1 Asia Pulse - The volume of trade between Indonesia and Organization of Islamic Conference (OIC) member countries continues to be relatively low at about three per cent of total trade, according to the Indonesian Chamber of Commerce and Industry (Kadin). ...
PAKISTAN'S PICIC TO MERGE WITH ITS BANK, FLOAT FUNDS.
Sep 01, 2003 ... KARACHI, Sept 1 Asia Pulse - Pakistan Industrial Credit Investment Corporation (Picic) in due course of time will merge with its commercial bank, and plans to launch innovative financial tools including Islamic, Pension and Real Estate Funds and Modarabas to become a full-fledge 'Financial ...
O/S TAIWAN-FUNDED COMPANIES SHOULD BE ALLOWED TO INVEST IN TSE.
Sep 01, 2003 ... TAIPEI, Sept 1 Asia Pulse - To replace Hong Kong as a capital-raising center in Asia, the government should allow foreign-based Taiwan companies to apply for listing on the Taiwan Stock Exchange (TSE), according to a report presented recently by a presidential economic advisory panel. ...
KARACHI STOCK EXCHANGE-100 INDEX RECOMPOSED.
Sep 01, 2003 ... KARACHI, Sept 1 Asia Pulse - The Karachi Stock Exchange (KSE) has recomposed its 100 companies index which will now capture around 83.84 per cent of the market capitalisation effective from September 15. The governing board of directors of the Karachi Stock Exchange (Guarantee) ...
FAMILIES OF CHINA AIRLINES CRASH VICTIMS SUE BOEING IN US COURT.
Sep 01, 2003 ... TAIPEI, Sept 1 Asia Pulse - Two family members of victims of the 2002 air crash of a China Airlines (CAL) plane filed a suit for damages against the airplane's United States builder, Boeing, in a Los Angeles court. Attorney Steven Archer said his two Taiwan clients, Chung ...
TELSTRA VENTURES IN HONG KONG HIT AUSTRALIAN BOTTOM LINE.
Sep 01, 2003 ... SYDNEY, Sept 1 Asia Pulse - Australia's largest telco, Telstra Corp Ltd (ASX:TLS), took a $A965 million ($US622.42 million) hit in the first half after writing down the value of its 50 per cent stake in cable joint venture Reach Ltd, a partnership with Pacific Century CyberWorks Ltd ...
TAIWAN GOV'T MULLS NEW PROJECTS TO SECURE ECONOMIC GROWTH.
Sep 01, 2003 ... TAIPEI, Sept 1 Asia Pulse - Following the impact of two major events in the international community in the first half of this year, the government has being working on a new public works project worth billions of dollars to help maintain Taiwan's economic growth in the coming years, ...
PROFILE - AUSTRALIA'S INBOUND TOURISM INDUSTRY (SEPT 2003).
Sep 01, 2003 ... *********************************************** A PROFILE OF AUSTRALIA'S INBOUND TOURISM INDUSTRY PREPARED BY ASIA PULSE ANALYSTS (UPDATED SEPT 2003) *********************************************** OVERVIEW: Australia's A$17 billion ...
PAKISTAN AND CHINA TO SIGN PACT FOR METAL MINING.
Sep 01, 2003 ... QUETTA, Sept 1 Asia Pulse - After successful maintenance and operation of gold-copper project at Saindak, Chagai district, it is hoped that Pakistan and China would soon sign a pact for the second metal mining in Balochistan. Sources said this here on Friday and added that negotiations in ...