AsiaPulse News back issues from June 2004:
COMPUTEX TAIPEI 2004 TO BEGIN TODAY.
Jun 01, 2004 ... TAIPEI, June 1 Asia Pulse - Computex Taipei 2004, the second-largest Computer-related products exhibition in the world, is scheduled to be held at four halls of the Taipei World Trade Center and the International Conference Center in Taipei June 1-5. Although the venue has ...
TAIWAN TRADE MISSION SEEKS BUSINESS OPPORTUNITIES IN MOSCOW.
Jun 01, 2004 ... MOSCOW, June 1 Asia Pulse - A Taiwan trade mission to Eastern Europe arrived in Moscow Sunday to seek business opportunities and an opening up of markets for Taiwan products. The mission, organized by the Ministry of Economic Affairs, consists of representatives from various ...
TAIWAN'S TAINAN SCIENCE PARK HITS US$1.28 BLN IN MARCH-APRIL.
Jun 01, 2004 ... TAINAN, June 1 Asia Pulse - Business turnover of the Tainan Science-based Industrial Park (TSIP) in southern Taiwan hit a new high of NT$43.13 billion (US$1.28 billion) during the March-April period, the Southern Taiwan Science-based Industrial Park Administration announced Monday. ...
TAIWAN'S ECONOMY PROMISING: CEPD HEAD.
Jun 01, 2004 ... TAIPEI, June 1 Asia Pulse - Taiwan's economy is promising in light of its performance over the past five months, Council for Economic Planning and Development (CEPD) Chairman Hu Cheng-sheng said Monday. After attending an interpellation session at the Legislative Yuan, Hu told ...
TAIWAN GOVT BODY TO SPONSOR TRADE CONSULTING MEETING WITH INDIA.
Jun 01, 2004 ... KAOHSIUNG, June 1 Asia Pulse - The Export Processing Zone Administration (EPZA) under the Ministry of Economic Affairs is scheduled to host a trade consulting conference June 10 as part of its efforts to help boost Taiwan's trade and economic relations with India, an EPZA official ...
TAIWAN GOVT TO FURTHER SPEED UP REFORMS: PRESIDENT.
Jun 01, 2004 ... TAIPEI, June 1 Asia Pulse - President Chen Shui-bian assured foreign investors Monday that his administration will implement reform programs in the coming four years at a faster pace than in previous years. Speaking at a tea party he hosted for representatives of foreign ...
TAIWAN ECONOMICS MIN HEADS FOR APEC MEETING IN CHILE.
Jun 01, 2004 ... TAIPEI, June 1 Asia Pulse - Economics Minister Ho Mei-yueh left Monday for a ministerial meeting of the Asia Pacific Economic Cooperation (APEC) forum in Pucon, Chile. ...
AUSTRALIAN MANUFACTURING ACTIVITY WEAKER IN MAY: AIG.
Jun 01, 2004 ... SYDNEY, June 1 Asia Pulse - Manufacturing activity in Australia was weaker in May after a lack of traction in the performance of the sector, the Australian Industry Group said today. The PricewaterhouseCoopers Australian Performance of Manufacturing Index (PMI) shows a decline ...
AUSTRALIAN RESERVE BANK TO MEET TODAY, NO RATE RISE EXPECTED.
Jun 01, 2004 ... CANBERRA, June 1 Asia Pulse - The Reserve Bank board meets today with analysts confident it will hold fire on an interest rate rise despite strength in the economy. The board last lifted rates in December, and since then auction clearance rates have fallen while house prices ...
STOCKS - BSE CLOSES LOWER - MAY 31, 2004.
Jun 01, 2004 ... MUMBAI, May 31 Asia Pulse - Stocks recovered part of the losses after initial sharp setback and the sensex ended 76 points lower on Bombay Stock Exchange today on late shortcovering by operators and buying support from retailers. After a sharp fall of 170 points ...
CONFIDENCE OF AUSTRALIA'S FARMERS HITS 2 YEAR LOW.
Jun 01, 2004 ... MELBOURNE, June 1 Asia Pulse - Continued drought and low commodity prices have left Australian farmers feeling more gloomy than they have been in the past two years, according to a survey by agribusiness bank Rabobank Australia. The quarterly Rabobank Rural Confidence Survey ...
AUSTRALIS AQUACULTURE GEARS UP TO SELL BARRAMUNDI TO US.
Jun 01, 2004 ... SYDNEY, June 1 Asia Pulse - Fish producer Australis Aquaculture Ltd is set to place fresh barramundi on the plates of US diners by exporting live fish in huge quantities to the A$55 billion (US$39 billion) American seafood market. Since March the company has been exporting South ...
INDIA'S MA FOI SET TO EMERGE AS LARGEST STAFFING PLAYER IN ASIA.
Jun 01, 2004 ... CHENNAI, June 1 Asia Pulse - Vedior NV, the world's third largest speciality staffing firm, has acquired a 76 per cent stake in the Chennai-based Ma Foi Management Consultants Ltd, which will help the latter in international staffing solutions, a top executive of the Dutch company said ...
S KOREAN CONSUMER PRICES DIP 0.1 PCT IN MAY FROM APRIL.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - South Korea's consumer prices dipped 0.1 per cent in May compared to the previous month, a government report said Tuesday. The National Statistical Office said the drop was the first in six months, though year-on-year figures jumped 3.3 per cent as a ...
OIL PRICES COULD RISE FURTHER, SAYS AUSTRALIAN PM.
Jun 01, 2004 ... CANBERRA, June 1 Asia Pulse - Prime Minister John Howard last night said he could not guarantee petrol prices would not rise higher. With oil prices climbing over the $US40 a barrel mark, petrol station prices have been stuck above the A$1 (US$0.74) a litre mark for the past ...
KOREAN NEWSPAPER HIGHLIGHTS - JUNE 1, 2004.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - Highlights of today's newspapers: KYUNGHYANG SHINMUN - 3-way labor talks revived KUKMIN DAILY - Roh propose reviving 3-way labor talks DONG-A ILBO - Public officials' financial irregularities ...
ALLIANCE SEMICONDUCTOR TO INVEST US$50 MLN IN INDIA IN 5 YRS.
Jun 01, 2004 ... BANGALORE, June 1 Asia Pulse - American fabless chip maker Alliance Semiconductor said Monday it would invest US$50 million over the next five years in its design centres in Bangalore and Hyderabad and double its workforce of 150 in three years. The US$28 million firm has ...
INDIA'S VSNL LAUNCHES OPERATIONS IN SRI LANKA.
Jun 01, 2004 ... MUMBAI, June 1 Asia Pulse - Telecom company VSNL (BSE:VSNL) has launched its voice and data services as well as the 'Tata Indicom' brand in Sri Lanka through its subsidiary VSNL Lanka Ltd (VLL). VLL has begun carrying of incoming and outgoing calls to and from Sri Lanka and the ...
FOREX - US DOLLAR SLIGHTLY CHEAPER AGAINST RUPEE - MAY 31, 2004.
Jun 01, 2004 ... MUMBAI, May 31 Asia Pulse - The US Dollar ended slightly cheaper against the Rupee at Rs 45.47 per dollar but the Pound Sterling turned mildly dearer at Rs 83.47 per pound ...
THAI NEWSPAPER HIGHLIGHTS - JUNE 1, 2004.
Jun 01, 2004 ... BANGKOK, June 1 Asia Pulse - Highlights of today's newspapers: THE BANGKOK POST: - Thailand recorded its first monthly current account deficit in two years, due to a trade deficit on rising energy costs and heavy profit repatriations by foreign businesses, according ...
GAIL INDIA TO INVEST MORE IN SHELL CNG EGYPT.
Jun 01, 2004 ... NEW DELHI, June 1 Asia Pulse - State-owned gas major GAIL (India) Ltd (BSE:GAIL) will invest US$203,000 more as equity in Shell Compressed Natural Gas Egypt (SCNGE) to fund capital expenditure in setting up more CNG stations in the African nation. SCNGE plans to construct five ...
STOCKS - AUSTRALIAN SHARES OPEN LOWER - JUNE 1, 2004.
Jun 01, 2004 ... SYDNEY, June 1 Asia Pulse - The Australian stock market drifted off fractionally at the open today without a lead from the holidaying United States market. At 1015 AEST the benchmark S&P/ASX 200 index was 1.6 points lower at 3458.8 and the all ordinaries index moved down 0.2 ...
6 N. KOREAN ESCAPEES REPORTEDLY ENTER GERMAN SCHOOL IN BEIJING.
Jun 01, 2004 ... BEIJING, June 1 Asia Pulse - Six people claiming to be North Korean defectors made their way into a German government-run school in Beijing today and confronted Chinese police, one of the six people said. They entered the school by scaling its wall at around 5:20 a.m. this ...
AUDI TO ENTER INDIAN LUXURY CAR MARKET.
Jun 01, 2004 ... MUMBAI, June 1 Asia Pulse - German carmaker Audi said it would enter the Indian luxury car market through dealer network and had plans to sell about 1000 vehicles in the next five years. The company had concluded two dealership agreements in Mumbai and Delhi and the car would be ...
UK-BASED HOWDEN INSURANCE BROKERS FORAYS INTO INDIA.
Jun 01, 2004 ... NEW DELHI, June 1 Asia Pulse - Howden Insurance Brokers, which is accredited to world's leading insurer Llyods, started its Indian operations Monday after getting an Insurance Regulatory and Development Authority (IRDA) licence. Howden, which will be based in Mumbai, will ...
VIJAYA BANK PLANS TO FORAY IN UK, UAE, HONG KONG AND CHINA.
Jun 01, 2004 ... NEW DELHI, June 1 Asia Pulse - State-owned Vijaya Bank (BSE:VJBK) is planning to open a full-fledged branch in Hong Kong and representative offices in the UK, the UAE, China and three other Asian countries. "In order to make a foray into international markets and widen the ...
AUSTRALIA'S WOODSIDE WINS APPROVAL FOR FIRST OFFSHORE PROJECT.
Jun 01, 2004 ... PERTH, June 1 Asia Pulse - Australia's second-largest oil and gas producer Woodside Petroleum Ltd (ASX:WPL) will be pumping oil in West Africa by March 2006 after yesterday giving development approval for its majority-owned Chinguetti project. The $US600 million ($A842 million) ...
NETHERLAND'S STAR DIAMOND GROUP GETS NOD TO SET UP JV IN INDIA.
Jun 01, 2004 ... NEW DELHI, June 1 Asia Pulse - The Foreign Investment Promotion Board (FIPB) is believed to have cleared a proposal by Netherlands-based Star Diamond group to set up a joint venture in India to undertake diamond business. Initially, Star Diamond group Holding BV proposed to set ...
IRAN, UKRAINE INK MOU ON AUTO MANUFACTURING INDUSTRY.
Jun 01, 2004 ... TEHRAN, June 1 Asia Pulse - The Islamic Republic of Iran and Ukraine signed a memorandum of understanding (MoU) on auto manufacturing during the fourth meeting of their Joint Economic Commission held in Kiev on May 26-27, it was announced on Sunday. According to the Public ...
INDIA'S RELIANCE ENERGY PLANS TO BUY BACK SHARES.
Jun 01, 2004 ... MUMBAI, June 1 Asia Pulse - Reliance Energy Ltd (BSE:RLEN) is planning to buyback part of its equity shares from the market. The board would consider a proposal to buyback shares at its meeting scheduled on June 9, REL said in a release here today. The promoter group, ...
S KOREAN LABOR, MANAGEMENT, GOV'T AGREE TO REOPEN DIALOGUE.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - The commission of labor, management and government on Monday agreed to create a conference of leaders of the respective organizations in order to normalize its operation, which has been crippled since one of the nation's two umbrella trade unions withdrew from ...
AUSTRALIA'S MILLER'S RETAIL REVISES DOWN EARNINGS EXPECTATIONS.
Jun 01, 2004 ... SYDNEY, June 1 Asia Pulse - Miller's Retail Ltd (ASX:MRL) advised today that it has revised downwards its expectations of earnings before interest, tax and amortisation (EBITA) for the year ending 30 June 2004. EBITA on trading performance for the year ended June 30, 2004 is ...
INDIA MAY EXTEND LPG, KEROSENE SUBSIDIES BY TWO YEARS.
Jun 01, 2004 ... NEW DELHI, June 1 Asia Pulse - The government is likely to extend by two more years subsidies on LPG and kerosene while asking the state-run oil firms to bear part of the Rs 140 billion (US$3.07 billion) under-recoveries due to unchanged prices despite a rise in the cost of raw material. ...
AUSTRALIA'S RAMELIUS IDENTIFIES GOLD AT BLACK CAT PIT.
Jun 01, 2004 ... MELBOURNE, June 1 Asia Pulse - South Australian company Ramelius Resources Ltd (ASX:RMS) has identified extended gold mineralisation near its Black Cat open pit operation at Coolgardie in Western Australia. Previous drilling by Ramelius at Black Cat has identified an inferred ...
AUSTRALIA'S DRAGON EXPECTS 1ST GOLD POUR AT SWEDISH MINE IN Q4.
Jun 01, 2004 ... MELBOURNE, June 1 Asia Pulse - Perth-based miner Dragon Mining NL (ASX:DRA) yesterday said it expected to pour the first gold at its Swedish Svartliden Project in the September 2004 quarter. Dragon said construction had passed the half-way mark revealing a significant increase ...
BIDDING WAR FOR AUSTRALIA'S NOVUS SET TO CONTINUE.
Jun 01, 2004 ... SYDNEY, June 1 Asia Pulse - The bidding war for Novus Petroleum Ltd (ASX:NVS) looks set to reignite this week with Sunov Petroleum foreshadowing an update on its commitment to taking over the Australian oil and gas company. In a fourth supplementary bidders statement, Sunov ...
AUSTRALIA'S SEVEN NETWORK SEES RATINGS SLUMP.
Jun 01, 2004 ... SYDNEY, June 1 Asia Pulse - Media buyers and marketers are doubtful about the ability of Kerry Stokes' Seven Network Ltd (ASX:SEV) to lift its performance after figures revealed it had slumped in the 2004 ratings, The Australian Financial Review reported today. Seven's share of ...
ING OFFICE FUND BUYS SYDNEY OFFICE BLOCK FOR US$66 MLN.
Jun 01, 2004 ... SYDNEY, June 1 Asia Pulse - ING Office Fund has bought the 24-story AGL building in North Sydney for A$92.5 million (US$66 million), according to the Australian Financial Review. The off-market transaction happened just before the NSW vendor duty on investment sales began today ....
WORLD'S BIGGEST LIQUID CRYSTAL MAKER TO BOOST SUPPLIES TO ASIA.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - Merck KGaA, the world's biggest liquid crystal manufacturer, plans to invest 30 million euros (US$36.61 million) in Asia to meet the burgeoning liquid crystal demand in the region, industry sources said today. In a press conference held on May 24 in ...
S. KOREAN STEELMAKERS IMPLEMENT 1ST PRICE CUT THIS YEAR.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - South Korean steelmakers will implement their first price cut this year, following a string of recent price hikes in line with rising global prices for raw materials. POSCO said today it is to lower the domestic price for its 300 series stainless steel ...
S. KOREAN CONSUMER PRICES UP 3.3% Y-O-Y IN MAY.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - South Korea's consumer prices dipped 0.1 per cent in May compared to the previous month, while moving up 3.3 per cent on the year, a government report said today. The National Statistical Office (NSO) said the month-on-month drop was the first in half ...
S. KOREAN SMES INCREASE OVERSEAS INVESTMENT BY 56%.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - Small and medium companies in South Korea increased overseas investment by 55.9 per cent from the previous year to US$608 million as of the end of April this year, the state-run Export Import Bank said today. The total was less than the US$662 million ...
IMAGES OF ANNA KOURNIKOVA AT TRANSAT 2004 YACHT RACE.
Jun 01, 2004 ... (Full text of a statement, contact details below) PLYMOUTH, England, May 31 /Photopress-AsiaNet/ -- Caption for Image 1 Tennis star Anna Kournikova takes a sailing lesson from solo yachts woman Ellen MacArthur at the single handed Transat yacht race, May ...
THE THINNER THE BETTER FOR GLASS USED IN ELECTRONIC APPLICATIONS.
Jun 01, 2004 ... (Full text of a statement, contact details below) MAINZ, May 28 /PRNewswire-AsiaNet/ -- Touch panels, image sensor packaging, IR-cut filters -- extremely thin flat glass is particularly suitable for many demanding electronic applications, whether in the expanding markets for ...
PHOENIX & OSA TECHNOLOGIES DELIVER IPMI COMPATIBLE PRODUCTS.
Jun 01, 2004 ... (Full text of a statement, contact details below) MILPITAS, Calif. and Taiwan, May 31 /PRNewswire-FirstCall-AsiaNet/ -- Phoenix Technologies Ltd (Nasdaq: PTEC) and OSA Technologies, a subsidiary of Avocent Corporation, will deliver Intelligent Platform Management Interface ...
OPPERBAS HOLDING IN BREAKTHROUGH CLINICAL STUDY.
Jun 01, 2004 ... (Full text of a statement, contact details below) BRUSSELS & STOCKHOLM, June 1 /PRNewswire-AsiaNet/ -- Opperbas Holding B.V. is conducting a phase II clinical trial using its proprietary PEGylated liposomes to prolong the half-life and hemostatic efficacy of recombinant factor ...
NEWBRIDGE SET TO TAKE US$145 MLN STAKE IN CHINA'S SHENZHEN BANK.
Jun 01, 2004 ... SYDNEY, June 1 Asia Pulse - Newbridge Capital Ltd. is set to become the first foreign investor to win control of a Chinese lender, after agreeing to buy a 1.2 billion yuan (US$145 million) stake in Shenzhen Development Bank Co., the smallest of China's five publicly traded lenders. ...
S. KOREA LAUNCHES 'BIO ORGAN' TASK FORCE.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - South Korea set up a task force Tuesday to promote the development of replacement organ production, one of the country's 10 next-generation growth engines, the agriculture ministry said. The government will invest 60.5 billion won (US$51.9 million) to ...
FOREIGN TECH GIANTS' S. KOREAN UNITS SEE EARNINGS TUMBLE IN 2003.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - South Korean affiliates of foreign high-tech giants saw their earnings slump more than 40 per cent last year due to weak private consumption and corporate spending here, a Seoul-based technology research house said in an annual survey Tuesday. The ...
MINITAB RELEASES KOREAN VERSION OF STATISTICAL WINDOWS SOFTWARE.
Jun 01, 2004 ... (Full text of a statement, contact details below) STATE COLLEGE, Pa., June 1 /PRNewswire-AsiaNet/ -- Minitab Inc. today announced it will begin shipping MINITAB Korean Release 14 for Windows, a fully translated, Korean language version of MINITAB 14 - the company's powerful ...
STOCKS - TOKYO SHARES OPEN HIGHER - JUNE 1, 2004.
Jun 01, 2004 ... TOKYO, June 1 Asia Pulse - Japanese share prices rose 0.38 per cent this morning on increased dealer interest, although concerns about crude oil prices continued ...
S. KOREAN FIRMS TAPPING INTO RUSSIA'S CONSTRUCTION MARKET.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - Many South Korean construction firms are making inroads into Russia, whose booming economy in recent years has put it in need of more infrastructure, local industry sources said Tuesday. Russia, which has the world's largest reserve of natural gas and ...
KOREAN GOV'T TO REVIEW EXTRA BUDGET.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - The government will review a supplementary budget option that is to focus on stabilizing the livelihood of ordinary people and small and medium enterprises (SMEs), sources at the Ministry of Finance and Economy said Tuesday. Insiders said Finance and ...
S. KOREA, U.S. KICK OFF TRADE TALKS.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - South Korea and the United States opened two days of quarterly consultative talks on pending bilateral trade issues in Washington, D.C., the foreign ministry said Tuesday. At the talks, the second such meeting this year, South Korea is to ask for the ...
STOCKS - AUSTRALIAN SHARES LOWER AT NOON - JUNE 1, 2004.
Jun 01, 2004 ... SYDNEY, June 1 Asia Pulse - The Australian share market sagged marginally at noon today, subdued by lack of leads from New York and London. "We're obviously down across the board with the market lacking a lead from overseas," Kylie Harding from ABN Amro Morgans said. ...
PRELIMINARY CONTRACT SIGNED FOR SALE OF KOREA'S HANBO IRON.
Jun 01, 2004 ... SEOUL, June 1 Asia Pulse - A preliminary contract was signed Tuesday to sell Hanbo Iron & Steel Co., a troubled steelmaker which contributed partly to South Korea's 1997-98 foreign exchange crisis. Lead manager Samil PriceWaterhouseCoopers said it sealed a memorandum of ...
FOREX - AUSTRALIAN DOLLAR SLIGHTLY LOWER AT NOON - JUNE 1, 2004.
Jun 01, 2004 ... SYDNEY, June 1 Asia Pulse - The Australian dollar waned slightly this morning to be weaker at noon, with the local market largely shrugging off key local economic data. At 1200 AEST the local currency was trading at $US0.7136/41, compared with 0.7144/49 at yesterday's close. ...
PHILIPPINE NEWSPAPER HIGHLIGHTS - JUNE 1, 2004.
Jun 01, 2004 ... MANILA, June 1 Asia Pulse - Highlights of today's newspapers: THE MANILA TIMES: - The Department of Agriculture has rejected the plea of local meat processors to lift Administrative Order No. 39 or the veterinary quarantine clearance as a requirement on meat ...
SINGAPORE NEWSPAPER HIGHLIGHTS - JUNE 1, 2004.
Jun 01, 2004 ... SINGAPORE, June 1 Asia Pulse - Highlights of today's newspapers: THE STRAITS TIMES - IN A precedent-setting move, People's Action Party (PAP) Members of Parliament have given their unanimous support of the ministers' choice of Deputy Prime Minister Lee Hsien Loong as ...
STOCKS - SINGAPORE SHARES LOWER IN EARLY TRADE - JUNE 1, 2004.
Jun 01, 2004 ... SINGAPORE, June 1 Asia Pulse - The Singapore share market was lower in early trade, with the Straits Times Index down 0.30 points to 1788.36. The market fell due to profit taking in ...
JAPANESE NEWSPAPER HIGHLIGHTS - JUNE 1, 2004.
Jun 01, 2004 ... TOKYO, June 1 Asia Pulse - Highlights of today's newspapers: NIKKEI NET - The number of workers on regular payrolls in Japan rose 0.4 percent in April from a year earlier to 42.86 million for the first increase in six years against the backdrop of the economic ...
STOCKS - MALAYSIAN SHARES HIGHER IN EARLY TRADE - JUNE 1, 2004.
Jun 01, 2004 ... KUALA LUMPUR, June 1 Asia Pulse - The Malaysian share market was higher in early trade, with the Kuala Lumpur Stock Exchange Composite Index up 2.33 points to 813 at 10.42 a.m. The market rose due to bargain hunting in selected ...
INDONESIAN GOVT TO RAISE TAX REVENUE TARGET IN 2005.
Jun 01, 2004 ... JAKARTA, June 1 Asia Pulse - The Indonesian government's tax revenue target in the 2005 state budget will be increased to Rp27.6 trillion from Rp20.9 trillion in the previous year's budget, Director General of Taxes Hadi Purnomo said. The 2005 figure would not include income tax ...
MALAYSIAN NEWSPAPER HIGHLIGHTS - JUNE 1, 2004.
Jun 01, 2004 ... KUALA LUMPUR, June 1 Asia Pulse - Highlights of today's newspapers: THE STAR - YTL Power International Bhd agreed yesterday to acquire a 35 per cent stake and loan stocks in the second largest independent power producer (IPP) in Indonesia in a deal valued at ...
INDONESIAN NEWSPAPER HIGHLIGHTS - JUNE 1, 2004.
Jun 01, 2004 ... JAKARTA, June 1 Asia Pulse - Highlights of today's newspaper: KOMPAS - Military chief Gen. Endriartono Sutarto said the three retired army generals' stepping forward to become presidential and vice presidential candidates is part of democracy the nation is set to ...