AsiaPulse News back issues from July 2004:
COVERALL CLEANING CONCEPTS LAUNCHES NEW KOREAN CENTRE.
Jul 01, 2004 ... (Full text of a statement. Contact details below.) FORT LAUDERDALE, Fla., July 1 PRNewswire-AsiaNet - Coverall Cleaning Concepts, a leader in the commercial cleaning industry, announced today the opening of a new master regional support center in Seoul, Korea. This ...
KOREAN NEWSPAPER HIGHLIGHTS - JULY 1, 2004.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - Highlights of today's newspapers: KYUNGHYANG SHINMUN: - Public Corporations to Abolish Restriction of Age and School Career in Employment KUKMIN DAILY: - Kim Sun-il's Funeral Leaves Forgiveness to Iraq ...
JAPAN'S ALOKA SIGNS DISTRIBUTION AGREEMENT WITH SONOSITE.
Jul 01, 2004 ... (Full text of a statement. Contact details below.) TOKYO, June 30 Kyodo JBN-AsiaNet - Aloka Co., Ltd., a leading Japanese manufacturer and distributor of ultrasound systems announced today that it has signed a distribution agreement for Japan with SonoSite, Inc. (Nasdaq:SONO), ...
STOCKS - BSE CLOSES DOWN - JUNE 30, 2004.
Jul 01, 2004 ... MUMBAI, July 1 Asia Pulse - After a strong start, the market ran out of steam and select heavyweights dropped sharply, pushing the sensex down by 46 points at close on Bombay Stock Exchange yesterday, on selling pressure by operators, as well as foreign institutional investors. ...
FOREX - US DOLLAR CHEAPER AGAINST RUPEE - JUNE 30, 2004.
Jul 01, 2004 ... MUMBAI, July 1 Asia Pulse - The US Dollar turned cheaper against the Rupee at Rs 46.06 per dollar and the Pound Sterling ended lower at Rs 83.28 per pound at the close of ...
HANJIN GROUP NET PROFIT FALLS 38PCT IN FISCAL 2003.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - The combined net profit of the Hanjin Group, South Korea's sixth largest conglomerate, decreased 38.16 per cent from the previous year to 266.4 billion won (US$230.45 million) in fiscal 2003. Hanjin, which closes its books on December 31, posted an ...
AUSTRALIAN MANUFACTURING SECTOR SLOWS IN JUNE.
Jul 01, 2004 ... SYDNEY, July 1 Asia Pulse - According to new results from a new business index, manufacturing activity in Australia eased in June as a result of slowing demand and rising costs. The latest Australian Industry Group-PricewaterhouseCoopers Australian Performance of Manufacturing ...
AUSTRALIAN PM INVITED TO MEETING OF SE ASIAN LEADERS IN LAOS.
Jul 01, 2004 ... JAKARTA, July 1 Asia Pulse - Australia has been invited to attend a summit of South-East Asian leaders in Laos later this year to discuss a possible free trade pact. Australian Foreign Minister Alexander Downer said tonight that the invitation for Australia's prime minister was ...
SUN MICROSYSTEMS INDIA TO SET UP BIOSCIENCES CENTRE.
Jul 01, 2004 ... KOLKATA, July 1 Asia Pulse - Sun Microsystems India Private Ltd (SMIPL), the wholly-owned subsidiary of US$11 billion Sun Microsystems Inc, US, has announced it is planning to focus on bioinformatics sector in India and to set up a competency centre (CoC) for bio-sciences in Hyderabad. ...
INDIAN CITY TO HOST INDO-UK ECO-TOURISM FORUM.
Jul 01, 2004 ... KOCHI, July 1 Asia Pulse - The South Indian port city of Kochi will host a three-day Indo-UK Conservation and Cultural Tourism colloquium from Thursday, July 1. Organised by the British Council and Department of Culture, Media and Sport, UK, the colloquium will bring together ...
LG ELECTRONICS TO START SELLING DIGITAL CAMERAS IN 3RD QUARTER.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - LG Electronics Inc., (KSE:066570), South Korea's second-largest electronics maker, said Thursday it has decided to sell digital cameras in the third quarter of this year, hoping to increase its consumer business. The decision is expected to intensify a ...
INDIA'S ROYAL ENFIELD LAUNCHES BULLET SIXTY-5 BIKE IN US MARKET.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - Royal Enfield has launched its international model 'Bullet Sixty-5' in the United States, its second-biggest export market. The latest offering, sporting a retro classic styling, carries a 500cc, 4-stroke single cylinder engine with 5-speed gearbox ...
INDIA'S CBT DEFERS DECISION ON EMPLOYEE PROVIDENT FUND RATES.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - The Central Boad of Trustees (CBT) of Employees Provident Fund (EPF), the largest social security system for employees in the country, today deferred to July 13 a decision on interest to be paid for its 30 million subscribers this year awaiting outcome of the ...
INDIA'S TATA GROUP TO OPEN TAJ RESORT IN MAURITIUS.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - Armed with a Rs 6.5 billion fund ($US141.3 million) for acquisitions, the Tata group's Indian Hotels Company said today it would open a Taj exotica resort in Mauritius. It would also open a luxury serviced apartment block in Mumbai and a Taj hotel ...
OVERSEAS EQUITY IN INDIA'S ING VYSYA LIFE BREACHES 26% LIMIT.
Jul 01, 2004 ... CHENNAI, July 1 Asia Pulse - Though foreign equity in private insurance company ING Vysya Life had breached the permitted 26 per cent limit, its CEO and managing director Frank Koster Wednesday maintained that the company was strictly adhering to the insurance laws. ...
STOCKS - AUSTRALIAN INDEX OPENS FLAT - JULY 1, 2004.
Jul 01, 2004 ... SYDNEY, July 1 Asia Pulse - The Australian sharemarket opened virtually flat this morning, with only gains or losses in the major stocks such as resources, banks and News Corp. United States markets shifted higher overnight after US interest rates went up for the first time in ...
CHENNAI FIRM LAUNCHES 'ARCHIMEDES' SOFTWARE.
Jul 01, 2004 ... CHENNAI, July 1 Asia Pulse - Archimedes Tech Law Pvt Ltd, a Chennai-based company, has launched 'Archimedes', a software package aimed at chartered accountants, company secretaries and lawyers. "Those grappling with the voluminous Companies Act, 1956, regulations, notifications ...
TAIWAN OUTPUT OF DIGITAL CAMERAS GROWS AMID FALLING PROFIT.
Jul 01, 2004 ... TAIPEI, July 1 Asia Pulse - Taiwan's production of digital cameras will rise to 20.5 million for 2004, an increase of about 20 percent over the 2003 level of 17.2 million, according to estimates released Wednesday by the Topology Research Institute (TRI). The growth can be ...
STOCKS - TOKYO SHARES OPENS HIGHER - JULY 1, 2004.
Jul 01, 2004 ... TOKYO, July 1 Asia Pulse - Share prices in Tokyo opened 0.67 per cent higher Thursday, with the benchmark ...
PRESIDENT PAINTS ROSY PICTURE OF TAIWAN'S ECONOMY.
Jul 01, 2004 ... TAOYUAN, northern Taiwan, July 1 Asia Pulse - President Chen Shui-bian painted a rosy picture of Taiwan's economy Wednesday, saying that it has been dynamically expanding, with the annual growth expected to top 5.4 percent for 2004. Addressing a ceremony marking the inauguration ...
S. KOREAN MANUFACTURERS' CONFIDENCE FALLS FOR 2 MONTHS IN ROW.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - South Korean manufacturing companies' business sentiment in June fell two months in a row due to a slump in domestic demand, the country's central bank said Thursday. During the reported month, the business survey index (BSI) for the manufacturing ...
NEW NANOTECHNOLOGY RESEARCH FACILITY OPENS IN TAIWAN.
Jul 01, 2004 ... TAIPEI, July 1 Asia Pulse - A nanotechnology research facility at National Nano Device Laboratories in Hsinchu City was inaugurated Wednesday. The facility is located in the Hsinchu Science-based Industrial Park. Chou Ching-yang, director of the National System Chip ...
S. KOREA'S CONSUMER PRICES UNCHANGED FROM MAY IN JUNE.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - South Korea's consumer prices remained unchanged from May in June as the drop in agricultural prices offset gains made in industrial goods and service charges, a government report said Thursday. The National Statistical Office (NSO) also said that ...
STOCKS - KOSDAQ BEGINS FIRMER - JULY 1, 2004.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - The KOSDAQ opened at ...
INDIA'S AUTOMATED WORKFLOW LAUNCHES BPO SOFTWARE.
Jul 01, 2004 ... BANGALORE, July 1 Asia Pulse - Industry-specific business process management (BPM) solutions provider Automated Workflow Private Ltd (AWPL) Wednesday announced the launch of BPO.Sphere, a "complete" BPM solution designed to meet the process automation requirments of Business Process ...
FOREX - US DOLLAR BEGINS WEAKER VS WON - JULY 1, 2004.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - The US dollar opened at 1152.00 won, ...
INDIAN PORTS, SHIPS COMPLY WITH ISPS CODE.
Jul 01, 2004 ... MUMBAI, July 1 Asia Pulse - India's 12 major ports and 33 minor ports have complied with all guidelines laid down by the International Maritime Organisation (IMO) for implementation of International Ship and Port Facility Security (ISPS) code, which becomes effective across the world from ...
INDIA'S HAL BAGS GOLD SHIELD, CERTIFICATE FOR EXCELLENCE.
Jul 01, 2004 ... BANGALORE, July 1 Asia Pulse - State-owned Hindustan Aeronautics Ltd (HAL) has received the Indian Institution of Industrial Engineering's "Enterprise Excellence Award" and Gold Shield in the Manufacturing Group (Engineering) for financial and operational strength for the year 2002-03. ...
INDIAN TRADE DIRECTORATE NOTIFIES NORMS FOR 59 EXPORT ITEMS.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - The Directorate General of Foreign Trade of the federal government has notified additional input-output norms for 59 new export items. The DGFT also notified corrections and deletions in the Standard Input-Output Norms for 83 existing export items ....
CYBERNET APPRISED AT SEI-CMMI LEVEL FOR CHENNAI DEV'T CENTRE.
Jul 01, 2004 ... CHENNAI, July 1 Asia Pulse - Cybernet Software Systems (CSS) Inc., a US-based software services provider, today said it has been assessed at Level 4 of the Capability Maturity Model Integration (CMMI) for software engineering for its offshore development centre in Chennai. "We ...
NEW INDIAN COMPANIES ACT WILL ENSURE SMOOTH MONITORING: MINISTER.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - The federal government said it has decided to fix the time frame of six months for finalising the liquidation process of the defunct companies and also bring down the number of Clauses to 300 from the current 796 under the new Companies Act. The ...
INDIAN ELECTRONICS, COMPUTER EXPORT BODY WANTS GOVT HELP TO STAY.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - The Electronics and Computer Export Promotion Council has asked the government to continue the Duty Entitlement Passbook Scheme (DEPB) licence and fiscal incentives, as they existed in 2000, to sustain the growing exports from the country. "Fiscal ...
INDIA'S INDAL TO BOOST CAPACITIES OF SMELTER, ALUMINA REFINERY.
Jul 01, 2004 ... KOLKATA, July 1 Asia Pulse - Buoyed by positive industry outlook, aluminium maker Indian Aluminium Company Ltd (Indal) (BSE:IALM), a subsidiary of A V Birla group flagship company Hindalco, will raise capacities at Hirakud smelter and alumina refinery at Muri in Orissa. Sources ...
STOCKS - KOREAN SHARES UP AFTER U.S. RATE RISE - JULY 1, 2004.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - South Korean stocks rose slightly Thursday morning after the U.S. Federal Reserve implemented its first interest rate hike in four years on Wednesday. In the first 15 minutes of trading, the Korea Composite Stock Price Index (KOSPI) edged up 2.73 ...
INDIA'S PARKSON GROUP JOINS RUSSIAN FIRM FOR HYDEL PROJECTS.
Jul 01, 2004 ... KOCHI, July 1 Asia Pulse - The Kerala government has given approval for starting eight hydro-electric projects, of which four have been allotted to a consortium of companies comprising Parkson Group of Kochi, Gidroenergoprom and Interural of Russia. The government had identified ...
INDIA'S ECONOMIC GROWTH AT 8.2% IN 2003-04.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - Driven by 7.3 per cent growth in the manufacturing sector and over 9 per cent in agriculture, economic growth more than doubled at 8.2 per cent in 2003-04 compared to 4 per cent in the previous year. Barring mining, construction and financial ...
S. KOREA'S RICE SELF-SUFFICIENCY TO HIT 8-YEAR LOW THIS YEAR.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - South Korea's self-sufficiency in rice is forecast to fall to 93.1 per cent this year, the lowest in eight years, reflecting last year's bad crop and South Koreans' shift in diet, according to a government report Thursday. The report, presented to the ...
INDIA FOR PROBE AGAINST NARROW FABRIC IMPORTS FROM CHINA, TAIWAN.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - India has initiated anti-dumping investigations against imports of narrow woven fabrics from China and Taiwan. The period of investigation for the inquiry would be January 1, 2003 to December 31, 2003. India's Directorate General of ...
PRASAR BHARTI STRIKES DEAL WITH ESPN-STAR SPORTS FOR ASIA CUP.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - State-owned broadcaster Prasar Bharti has struck a deal with ESPN-Star Sports for sharing the terrestrial rights for the forthcoming Asia Cup cricket tournament, featuring India, Pakistan and Sri Lanka among others. Cricket lovers across the ...
MANY MID-SUMMER INT'L FLIGHTS OF S. KOREA'S AIRLINES ALREADY FULL.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - Most mid-summer international flights of South Korea's airlines are already fully booked as people prepare for overseas vacations, industry sources said Thursday. "As many people try to go abroad for vacation, most international tickets were sold out ...
S. KOREA TO SLAP ANTI-DUMPING TARIFFS ON BATTERIES, STEEL BARS.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - South Korea decided Thursday to impose anti-dumping tariffs on imports of primary lithium batteries from the United States and Japan as well as those of stainless steel bars from Japan and two other countries. The Korean Trade Commission (KTC) said ...
HONG KONG NEWSPAPER HIGHLIGHTS - JULY 1, 2004.
Jul 01, 2004 ... HONG KONG, July 1 Asia Pulse - Highlights of today's newspapers: SOUTH CHINA MORNING POST: - The government has pledged to pay more attention to views from the middle class, the chief secretary said yesterday. - Four men painted as the key figures in Hong ...
HOLOGRAMS, SEALS TO PREVENT SELLING OF FAKE LIQUOR IN KOREA: NTS.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - South Korea's whiskey breweries are introducing holograms and tin seals to prevent the selling of fake products on the market, the government said Thursday. The National Tax Service (NTS) said the measures are part of an all-out effort to root out the ...
INDIAN MINISTER TO LEAD DELEGATION TO APT MEET ON BROADBAND, ICT.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - Federal IT and Communications Minister Dayanidhi Maran will lead a delegation to the Asia Pacific Telecommunity conference in Bangkok which is scheduled to discuss broadband and ICT development in member countries. The two-day ministerial ...
INDIA IMPORTS 50,000 TONNES OF BRAZILIAN RAW SUGAR.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - Raw sugar imports are not restricted to mills in south India or coastal areas alone, with one factory in Uttar Pradesh importing 50,000 tonnes from Brazil. The imported raw sugar can be downloaded in the domestic market as there is a 18-month ...
INDIA'S NTPC HOPES TO RAISE UP TO US$434 MLN FROM AUGUST IPO.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - State-owned thermal power generator National Thermal Power Corporation (NTPC) is likely to hit the market with a maiden public offer for shares in the first week of August, targeting to raise up to Rs 20 billion (US$434 million). NTPC is hoping to ...
INDIA'S ASHOK LEYLAND TO SET UP BUS & TRUCK PLANT IN IRAN.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - The Hinduja Group flagship firm Ashok Leyland (BSE:ASOK) is planning to set up a multi-million dollar plant in Iran for assembling compressed natural gas (CNG) trucks and buses. The company is talking to state-owned gas firm GAIL (India) Ltd ...
S. KOREA ADOPTS 24-HR CONSUMER PROTECTION MONITORING SYSTEM.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - South Korea has adopted a 24-hour consumer monitoring system to enhance safety checks and reduce the time for responding to harmful products or bad services, government officials said Thursday. The measures, which go into effect as of July, connect the ...
METALINK STRENGTHENS OPERATIONS IN JAPAN.
Jul 01, 2004 ... (Full text of a statement. Contact details below) TOKYO and YAKUM, Israel, July 1 /PRNewswire-AsiaNet/ - Metalink Ltd. (Nasdaq: MTLK), a global provider and developer of high performance wireline and wireless broadband communication silicon solutions, announced the appointment ...
METALINK START SHIPMENT OF 100 MBPS VDSLPLUS TECH TO JAPAN.
Jul 01, 2004 ... (Full text of a statement. Contact details below) YAKUM, Israel, July 1 /PRNewswire-AsiaNet/ -- Metalink Ltd. (Nasdaq: MTLK), a global provider and developer of high performance wireline and wireless broadband communication silicon solutions, announced it has shipped over 30,000 ...
SANDOZ TO STRENGTHEN DANISH MARKET POSITION AND NORDIC OPS.
Jul 01, 2004 ... (Full text of a statement. Contact details below) VIENNA, Austria, June 30/PR Newswire-AsiaNet/ - Sandoz today announced the acquisition of Durascan, the generic subsidiary of Astra Zeneca in Denmark, in a transaction aimed at claiming the number two position in the Danish ...
INDIA'S CBT DEFERS DECISION ON EPF RATE.
Jul 01, 2004 ... NEW DELHI, July 1 Asia Pulse - The Central Board of Trustees deferred the decision on the interest rate for 30 million subscribers of employees provident fund (EPF). The next meeting of CBT, chaired by federal Labour Minister Sis Ram Ola, will be held on July 13 after the ...
PAKISTAN NEWSPAPER HIGHLIGHTS - JUNE 30, 2004.
Jul 01, 2004 ... KARACHI, June 30 Asia Pulse - Highlights of today's newspapers: DAWN - Saddam to be handed over to Iraq Government today - Musharraf briefed on Dehli talks - US soldier executed in Baghdad - Rockets fired in Israeli town during ...
PAKISTAN'S GDP MAY GROW BY 6.6 PER CENT IN 2004/05: SBP.
Jul 01, 2004 ... KARACHI, July 1 Asia Pulse - State Bank of Pakistan (SBP) said Pakistan could achieve 6.6 per cent economic growth for the fiscal 2004/05 (July-June) against 6.4 per cent in 2003/04. The economy was originally targeted to grow by 5.3 per cent in 2003/04, after expanding 5.1 per ...
MALAYSIAN NEWSPAPER HIGHLIGHTS - JULY 1, 2004.
Jul 01, 2004 ... KUALA LUMPUR, July 1 Asia Pulse - Highlights of today's newspapers: THE STAR: - Petroliam Nasional Bhd (Petronas) has strengthened its position as Asia's largest oil and gas firm as well as the biggest and most profitable Malaysian company after reporting its best ...
SINGAPORE NEWSPAPER HIGHLIGHTS - JULY 1, 2004.
Jul 01, 2004 ... SINGAPORE, July 1 Asia Pulse - Highlights of today's newspapers: THE STRAITS TIMES - WHEN 300,000 homes plunged into darkness on Tuesday night, it was the fifth time that the same thing had gone wrong with the gas supply from Indonesia to Singapore. - BY ...
JAPANESE NEWSPAPER HIGHLIGHTS - JULY 1, 2004.
Jul 01, 2004 ... TOKYO, July 1 Asia Pulse - Highlights of today's newspapers: NIKKEI NET - Japanese companies are the most upbeat about business conditions since the country's land-and-stock-price bubble burst more than a dozen years ago, according to the Bank of Japan's latest tankan ...
AUSTRALIAN FOREIGN AFFAIRS MINISTER TO ATTEND ASEAN MEET.
Jul 01, 2004 ... JAKARTA, July 1 Asia Pulse - Australian Foreign Affairs Minister Alexander Downer is scheduled to visit Jakarta from June 30 to July 2 to attend the ASEAN Regional Forum (ARF) and the ASEAN Post-Ministerial Conference (PMC), a press statement from the Australian embassy here said ...
DIALOG DESIGNATES INFORMATION PROFESSIONALS FROM AUSTRALIA, SINGAPORE AS INFOSTARS.
Jul 01, 2004 ... (Full text of statement. Contact details below.) SYDNEY, June 30 /newsaktuell-AsiaNet/ -- SYDNEY - Dialog, a Thomson (NYSE: TOC; TSX: TOC) business and a leading worldwide provider of online-based information services and integrated information solutions, today said ...
INDONESIAN PRESIDENT WANTS CLOSER LINKS WITHIN ASEAN.
Jul 01, 2004 ... JAKARTA, July 1 Asia Pulse - President Megawati Soekarnoputri called on ASEAN member countries to cultivate a "we feeling" among themselves, so that they could become a peaceful, stable and prosperous community that was also capable of helping to settle disputes among countries in and ...
US RATE HIKE TO BOOST S KOREA'S EXPORTS, BUT HAS LONG-TERM RISKS.
Jul 01, 2004 ... SEOUL, July 1 Asia Pulse - The increase in the U.S. interest rate, which signals a recovery in the world's largest economy, is good news for South Korea, where growth is largely led by exports, local analysts said Thursday. However, the benefit would be short-lived if the rate ...
INDONESIA'S PT INDOSAT SETS AMBITIOUS SUBSCRIBER TARGET.
Jul 01, 2004 ... JAKARTA, July 1 Asia Pulse - PT Indosat has set a target of at least nine million cellular phone subscribers by the end of this year, following its success to secure three million subscribers in Jabotabek (Jakarta-Bogor-Tangerang-Bekasi) area early in June 2004, an executive of the company ...
EUROPEAN ELECTORAL MONITORING TEAM VISITS INDONESIA.
Jul 01, 2004 ... JAKARTA, July 1 Asia Pulse - A team from the European Union General Election Monitoring Mission (EUEOM) met with Indonesian Constitutional Court Chairman Prof Dr Jimly Asshiddique to observe the activities of the court. The team includes EUEOM chairman Glyn Ford, and deputies ...
MARKET INTELLIGENCE AVAILABLE FOR CHINA'S AUTO, FINANCE AND INSURANCE SECTORS.
Jul 01, 2004 ... (Full text of statement. Contact details below.) SYDNEY, July 1 /MediaNet International-AsiaNet/ -- With the growth of the Chinese automotive market and the associated growth in finance and insurance together with the increasing sophistication of Chinese business, ...
STOCKS - MALAYSIAN SHARES UP IN EARLY TRADE - JULY 1, 2004.
Jul 01, 2004 ... KUALA LUMPUR, July 1 Asia Pulse - The Malaysian sharemarket was up 0.33 per cent in early trade due to bargain hunting. At 10:43 a.m., the Kuala Lumpur Stock Exchange Composite Index rose 2.71 points at 822.57. The broader Emas ...