AsiaPulse News back issues from May 2005:
INDIA, JAPAN TO LAUNCH HIGH-LEVEL STRATEGIC DIALOGUE.
May 02, 2005 ... NEW DELHI, May 2 Asia Pulse - Opening a new chapter in their ties, India and Japan have decided to launch a high-level strategic dialogue, upgrade economic links and enhance energy, security and defence cooperation. After wide-ranging talks on a host of issues, Prime Minister ...
INDO-JAPANESE FORUM LAUNCHED IN NEW DELHI.
May 02, 2005 ... NEW DELHI, May 2 Asia Pulse - Observing that the potential of Indo-Japanese ties had not been utilised fully, External Affairs Minister Natwar Singh today invited Foreign Direct Investment (FDI) from that country, pointing out that economic reforms here had thrown open significant ...
AIR INDIA'S LOW COST CARRIER MAKES FIRST FLIGHT.
May 02, 2005 ... ABU DHABI, May 2 Asia Pulse - The inaugural flight of Air India's first low-cost service 'Air India Express' landed here on Saturday carrying Civil Aviation Minister Praful Patel and Kerala Chief Minister Oommen Chandy. They were received by UAE Civil Aviation Minister Sheikh ...
ORISSA, POSCO CLOSE TO CLINCHING STEEL INVESTMENT DEAL.
May 02, 2005 ... NEW DELHI, May 2 Asia Pulse - After recent hiccups, Orissa government and South Korean giant Posco are "fine-tuning" a billion (Rs 550 billion) deal to setg up a steel plant in the state. This comes close on the heels of domestic major Essar and Murugappa group signing MOUs to ...
AIR INDIA EMBARKS ON BIGGEST EXPANSION PLAN YET.
May 02, 2005 ... THIRUVANTHAPURAM, May 2 Asia Pulse - Air India has embarked on it's biggest expansion plan yet, to meet the growing demands of travellers with the aim of providing best service with affordable cost, Union Civil Aviation Minister Praful Patel said. "The airline, as part of its ...
INDIA-JAPAN BUSINESS COMMUNITY SEEKS CLOSER ECONOMIC TIES.
May 02, 2005 ... NEW DELHI, May 2 Asia Pulse - The business community of Japan is interested in the strengthening of bilateral trade and economic relations between India and Japan as it has the potential unlock vast investment potential. This was stated by chairman of the Standing Committe of ...
RATE HIKE A PRE-EMPTIVE STEP: INDIAN RESERVE BANK CHIEF.
May 02, 2005 ... NEW DELHI, May 2 Asia Pulse -Y V Reddy, Governor of Reserve Bank of India (RBI), said the reverse repo rate has been hiked by 25 basis points to absorb any liquidity overhang in the market and contain inflation expectations. "The RBI does not want liquidity sloshing around, ...
INDIAN INFLATION REMAINS AT FOUR-MONTH HIGH OF 5.64 PCT.
May 02, 2005 ... NEW DELHI, May 2 Asia Pulse - Inflation continued to remain at four months high of 5.64 per cent during the week ended April 16 even as Finance and Petroleum Ministries are yet to find out ways to effect an imminent price hike in petro products. The point-to-point Wholesale ...
STOCKS - AUSTRALIAN INDEX OPENS STRONGER - MAY 2, 2005.
May 02, 2005 ... SYDNEY, May 2 Asia Pulse - The Australian sharemarket opened stronger today, regaining ground lost at the end of last week amid a strong lead from the US and base and precious metal gains. At 1015 AEST, the benchmark S&P/ASX200 index was back above the 4,000 mark, lifting 30.7 ...
STOCKS - TOKYO INDEX OPENS LOWER - MAY 2, 2005.
May 02, 2005 ... TOKYO, May 2 Asia Pulse - Tokyo shares opened lower Monday, with the Stock Exchange's benchmark Nikkei-225 ...
BOEING OFFICIAL SAYS AIR INDIA'S EVALUATION IS 'FAIR'.
May 02, 2005 ... THIRUVANTHAPURAM, May 2 Asia Pulse - Defending Air India's plans to go in for 50 Boeing aircraft as part of its expansion project, a top official of the American company said the airline was going to save considerable fuel and maintenance cost through its decision to buy B777 and B787 ...
FINLAND EAGER FOR JVs WITH INDIAN PAPER AND FOREST SECTORS.
May 02, 2005 ... CHENNAI, May 2 Asia Pulse - Finland said it was keen on collborations with Indian companies in paper and forestry, IT, biotech and energy sectors and targetting to double the bilateral trade in the next couple of years. "There is vast potential for co-operation exists in areas ...
INDIA-JAPAN BIZ COMMUNITY SEEKS CLOSER ECONOMIC COOPERATION.
May 02, 2005 ... NEW DELHI, May 2 Asia Pulse - The business community of Japan is all for strengthening bilateral trade and economic relations between India and Japan, which would unlock vast investment potential. This was stated by chairman Standing Committe of Japan Indo Business Cooperation ...
COMMITTEE CHAIRMAN URGES NO FDI IN INDIA'S RETAIL TRADE.
May 02, 2005 ... NEW DELHI, May 2 Asia Pulse - With a view to safeguard the interests of numerous retail traders across the country, Chairman, Committee on papers Laid on the Table, Hannan Mollah, has urged the Prime Minister not to allow Foreign Direct Investment in the sector. In his letter to ...
MOEA REGRETS U.S. INCLUSION OF TAIWAN IN 'SPECIAL 301' LIST.
May 02, 2005 ... TAIPEI, May 2 Asia Pulse - The Ministry of Economic Affairs (MOEA) expressed regrets Saturday over the U.S. inclusion of Taiwan in its "Special 301" blacklist of copyright violators. The U.S. Trade Representative (USTR) office released its 2005 "Special 301" report on the ...
PAKISTAN TO ABIDE BY WB NEUTRAL DECISION ON BAGLIHAR DAM: AZIZ.
May 02, 2005 ... ISLAMABAD, May 2 Asia Pulse - Ruling out any further discussion with India to resolve the Baglihar dam controversy, Pakistan has said that it would abide by the decision of the neutral expert of the World Bank on the issue. Close on the heels of the World Bank sending its ...
AUSTRALIAN FT PACT MORE LIKELY WITH CHINA THAN JAPAN: HOWARD.
May 02, 2005 ... CANBERRA, May 2 Asia Pulse - Prime Minister John Howard today conceded clinching a free trade agreement with China was more likely than with Japan. Mr Howard has just returned from a tour of Japan, China, Turkey and Greece. Australia and China agreed to start ...
CHINA'S TIGHT POWER AND COAL SUPPLY EASED.
May 02, 2005 ... BEIJING, May 2 Asia Pulse - China's tight power and coal supply has eased due to rising power installed capacity, according to an official of the China Coal industry Association. The situation has improved since the government has cleared irregular power projects and controlled ...
CHINA'S JIANGLING REPORTS RECORD VEHICLE SALES IN MARCH.
May 02, 2005 ... NANCHANG, May 2 Asia Pulse - Jiangling Motors Co Ltd in East China's Jiangxi Province reported sales of more than 9,000 motor vehicles in March this year, hitting an all-time high for monthly sales. Since 2004, the company has sped up the pace of placing new products on the ...
HINDUSTAN LEVER Q1 NET DOWN 15 PCT AT US$59.3 MLN.
May 02, 2005 ... MUMBAI, May 2 Asia Pulse - Hindustan Lever Ltd (BSE:500696) has posted a 15 per cent decline in net profit at Rs 2.59 billion (US$59.3 million) in the first quarter ended March 31, 2005, and decided to merge five of its subsidiaries with itself. The net profit stood at Rs 3.02 ...
TAIWAN CALLS FOR TALKS WITH CHINA OVER AGRICULTURAL ISSUES.
May 02, 2005 ... TAIPEI, May 2 Asia Pulse - Council of Agriculture (COA) Chairman Lee Chin-lung urged Beijing Saturday to open talks with Taipei on issues concerning the granting of tariff-free treatment for Taiwan's agricultural products to protect the interests of Taiwanese farmers. Lee was ...
CHINA TO LAUNCH DEVELOPMENT DRIVE FOR CENTRAL CHINA.
May 02, 2005 ... CHENGZHOU, May 2 Asia Pulse - China will implement a development strategy for Central China this year, another move of strategic importance following the western China development drive and the drive to invigorate Northeastern China in resolving regional disparities in development. ...
CHINA NOT ONLY MARKET FOR TAIWAN AGRICULTURAL PRODUCTS: COA.
May 02, 2005 ... TAIPEI, May 2 Asia Pulse - Taiwan's agricultural products are targeted at the whole world for exports and China is not the only market, the head of the Cabinet-level Council of Agriculture (COA) pointed out Friday. COA Chairman Lee Chin-lung made the remarks in the wake of a ...
TAIWAN STRESSES TOLERANCE, TRANSPARENCY IN NEW TRADE TALKS.
May 02, 2005 ... GENEVA, May 2 Asia Pulse - Taiwan has joined South Korea and Thailand Thursday to simultaneously emphasize the importance of "tolerance and transparency" in the multilateral Doha Round Trade Negotiations. Speaking at a meeting of the World Trade Organization's (WTO's) Trade ...
CHINA RAISES ITS ELECTRICITY RATE.
May 02, 2005 ... BEIJING, May 2 Asia Pulse - The State Development and Reform Commission (SDRC) has announced that China will raise its electricity rate by 0.0252 yuan per kWh on average starting from May 1. However it will not include electricity for use in agriculture, small and midsize ...
TAIWAN DELEGATION TO HEAD FOR ASIAN BANK MEETING IN ISTANBUL.
May 02, 2005 ... TAIPEI, May 2 Asia Pulse - Central Bank of China Governor Perng Fai-nan will head a 13-member delegation to attend the 38th annual meeting of the Asia Development Bank (ADB) board of governors May 4-6 in Istanbul, Turkey. Deputy Minister of Finance Chen Shu and Taiwan's ...
GAS DISTRIBUTION NETWORK COMMISSIONED FOR OMAN'S RAYSUT.
May 02, 2005 ... MUSCAT, May 2 Asia Pulse - In line with the government's economic plans for diversification and establishing an industrial base in different parts of the Sultanate, Oman Gas Company, the country's main distribution operator, has recently commissioned a gas distribution network at Raysut ...
FREE SUPPLY CHAIN SEMINAR TO TEACH BEST PROCUREMENT PRACTICES.
May 02, 2005 ... (Full text of a statement. Contact details below) DALLAS, Texas, May 2 /PRNewswire-AsiaNet/ - Quadrem Chief Technology Officer and Australia Vice President Ian Hollingworth will offer a free seminar on procurement best practices during the SMART Supply Chain conference. ...
CHINA'S MANZHOULI RAILWAY CUSTOMS RESUMES NEWSPRINT IMPORTS.
May 02, 2005 ... HOHHOT, May 2 Asia Pulse - Imports of newsprint on the Manzhouli Railway Customs have resumed after their suspension in 1999, with a load of 794,300 tons of newsprint imported by the Wuifenhe City Dapeng Economic and Trade Co Ltd recently passing the Manzhouli Railway Customs in northeast ...
AUSTRALIAN MANUFACTURING GROWTH FALTERS IN APRIL.
May 02, 2005 ... SYDNEY, May 2 Asia Pulse - Australian manufacturing growth recorded its lowest April reading in three years as production fell sharply and exports continued to weaken, new figures show. The Australian Industry Group-PricewaterhouseCoopers Australian performance of manufacturing ...
MORE CHINESE TAKE UP MEDICAL INSURANCE IN Q1.
May 02, 2005 ... BEIJING, May 2 Asia Pulse - China's coverage of medical insurance reached 127.08 million people by the end of March of this year, an increase of 3.04 million over the end of last year, according to Hu Xiaoyi, a spokesperson of the Ministry of Labor and Social Security. Hu said ...
INDIA'S SEBI KEEPING CLOSE WATCH ON RIL SCRIPS.
May 02, 2005 ... MUMBAI, May 2 Asia Pulse - The Securities and Exchange Board of India (SEBI) is keeping close watch on scrips of Reliance Industries Ltd (RIL) (NSI:RELI) in the light of allegations made by Anil Ambani about a breach of corporate governance norms in RIL. "SEBI keeps everything ...
CHINA LOWERS EXPORT REBATE RATE ON STEEL PRODUCTS.
May 02, 2005 ... BEIJING, May 2 Asia Pulse - China will lower the export rebate rate on a number of steel products to 11 per cent starting from May 1, 2005, according to a circular issued jointly by the Ministry of Finance and the State Administration of Taxation. These steel products are under ...
CHINA'S PHARMACEUTICAL INDUSTRY REPORTS RISES IN COSTS.
May 02, 2005 ... BEIJING, May 2 Asia Pulse - China's pharmaceutical industry generated an industrial added value of 138.839 billion yuan (US$16.7 billion) in 2004, growing by 16.92 per cent year on year and the annual sales revenue reached 347.6 billion yuan, up 17.44 per cent year on year. ...
DIARY - 3RD CHINA INT'L SOFTWARE FAIR SCHEDULED FOR JUNE 23-26.
May 02, 2005 ... BEIJING, May 2 Asia Pulse - The third China International Software and Information Services Trade Fair will be held in Dalian, a coastal city in northeast Liaoning Province, from June 23 to 26 this year. It is the sole state-class software trade fair and also the largest of its ...
CHINA'S ANGANG WINS RIGHT TO ENTER WORLD OIL PIPE MARKET.
May 02, 2005 ... SHENYANG, May 2 Asia Pulse - Angang New Iron and Steel Company, a main steel maker based in northeast China's Liaoning Province, said on April 29 that it has passed the certification examination by ...
INDIA UNFAZED BY ANNAN'S VIEW , SAYS DEBATE ON VETO OPEN.
May 02, 2005 ... NEW DELHI, May 2 Asia Pulse - Unfazed by the views expressed by UN Secretary General Kofi Annan, India Friday asserted that the debate on the issue of veto for new Security Council members was still "open" and that a decision on the matter will not be taken by the Security Council but the ...
AUDITED ACCOUNTS SUBMITTED TO RIL: RELIANCE ENERGY.
May 02, 2005 ... NEW DELHI, May 2 Asia Pulse - Rejecting the contention of parent company Reliance Industries, headed by Mukesh Ambani, Reliance Energy (NSI:RLEN) informed the group's flagship company that it had "duly submitted the audited accounts" for 2004-05. Responding to a letter sent by ...
CHINA TO RESHUFFLE TEN CENTRAL ENTERPRISES.
May 02, 2005 ... BEIJING, May 2 Asia Pulse - With the approval of the State Council, ten central enterprises in China will be reshuffled, after which the number of central enterprises in which the State Assets Supervision and Administration Commission (SASAC) executes the responsibilities of investor will ...
INDIA DEFENDS STANCE ON BAGLIHAR DAM ISSUE.
May 02, 2005 ... NEW DELHI, May 2 Asia Pulse - India, which saw no justification in Pakistan's move to seek World Bank intervention on the Baglihar dam issue, said it intends to "cooperate fully" with the world body in the selection of a neutral expert. "We have consistently declared that India ...
BUSH FAVOURS CHINA USING NEW TECH TO REDUCE ENERGY DEMAND.
May 02, 2005 ... WASHINGTON, May 2 Asia Pulse - Stressing the importance of reducing US dependence on foreign sources of energy, President George W Bush has said one of the ways to achieve that goal was by helping growing consumers such as India and China use energy more efficiently and reduce demand for ...
CHINESE REGULATOR SEEKS TO SOLVE SHARE STRUCTURE PROBLEM.
May 02, 2005 ... BEIJING, May 2 Asia Pulse - China Securities Regulatory Commission, the regulator of the securities industry, declared on April 29 the start of the pilot work to solve the separate share structure problem of Chinese listed companies, the biggest headache restraining the development of the ...
BUSINESS WIRE DAILY SUMMARY - APRIL 29, 2005.
May 02, 2005 ... A summary of news releases for April 29, 2005, compiled by Business Wire, the global leader in news distribution. To view any of these news release on Business Wire's website, please go to www.businesswire.com. 1) Category Code: Health AORTECH INTERNATIONAL PLC NEXT ...
AIR INDIA TERMS AIRBUS DEMAND FOR PROBE AS "OUTRAGEOUS".
May 02, 2005 ... ABU DHABI, May 2 Asia Pulse - Taking exception to Airbus' demand for a probe into its decision to acquire 50 Boeing aircraft, Air India (AI) Saturday described the French company's stance on the issue as "outrageous." The Airbus company had no right to complain about the ...
FIRST FOREIGN LEASING COMPANY SETTLES IN TIANJIN.
May 02, 2005 ... TIANJIN, May 2 Asia Pulse - ElectroRent of the United States has settled in the Tianjin Development Zone after more than one year of inspection of Chinas investment environment and market. It is the first wholly foreign-owned leasing company since the new leasing regulations ...
TIGER TELEMATICS' GIZMONDO CONFIRMS RETAIL PRESENCE IN FRANCE.
May 02, 2005 ... (Full text of a statement. Contact details below) LONDON, April 29 /PRNewswire-AsiaNet/ - Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (OTC: TGTL, OTC: TGTL.PK), can confirm the new multi-entertainment handheld will be stocked by over 700 ...
IRAN NEEDS TO FURTHER INTEGRATE IN WORLD ECONOMY: OFFICIAL.
May 02, 2005 ... SHIRAZ, May 2 Asia Pulse - Deputy president and head of Management and Plan Organization (MPO) said here Saturday that Iran has suitable grounds for integrating in the world economy but needs to reform its domestic economic structure. Speaking at the seminar on Iran and ...
CASIO ENTERPRISE PDA GETS SYSTEM SOFTWARE SUPPORT FROM BSQUARE.
May 02, 2005 ... (Full text of a statement. Contact details below) BELLEVUE, Wash.--(BUSINESS WIRE)--April 29, 2005--BSQUARE (Nasdaq:BSQR), a leading provider of smart device solutions, today announced that it was engaged by Casio Computer Co., Ltd., to perform Windows(R) Mobile engineering and ...
EXXONMOBIL TECHNOLOGY TO SLASH SUBSEA WELL INTERVENTION COSTS.
May 02, 2005 ... (Full text of a statement. Contact details below) IRVING, Texas--(BUSINESS WIRE)--April 29, 2005--Exxon Mobil Corporation (NYSE:XOM) announced today that it has developed a new technology that significantly reduces the cost and time of downhole logging, acidizing and other ...
CHINA, PAKISTAN FTA TO BE FINALISED SOON: FINANCE ADVISOR.
May 02, 2005 ... ISLAMABAD, May 2 Asia Pulse - Finance Advisor to Prime Minister Dr Salman Shah on Thursday said free trade arrangement (FTA) between Pakistan and China would be finalised soon. Talking with PTV he said, "We are working on free trade arrangement with China as it will open huge market for ...
HONG KONG NEWSPAPER HIGHLIGHTS - MAY 2, 2005.
May 02, 2005 ... HONG KONG, May 2 Asia Pulse - Highlights of today's newspapers: SOUTH CHINA MORNING POST: - Transport officials are warning of severe cross-harbour traffic congestion tomorrow - the first working day after the Eastern Harbour Tunnel toll rise. - The ...
PROSPECTS OF TRADE BETWEEN THAILAND, ISLAMIC WORLD DISCUSSED.
May 02, 2005 ... KARACHI, May 2 Asia Pulse - Pakistan can be used as gateway by Thailand to strengthen its trade and economic ties with Islamic world by carrying out joint ventures with entrepreneurs of Pakistan and other Islamic countries, participants of a meeting observed on April 28. The luncheon ...
WORLD BANK APPROVES US$100 MLN LOAN FOR CHINESE HIGHWAY.
May 02, 2005 ... HOHHOT, May 2 Asia Pulse - The board of the World Bank has approved a loan of US$100 million for the construction of a first-grade highway project in Inner Mongolia, north China, the Communications Department of the regional government said. The loan will secure nearly one third ...
OMAN SIGNS HEADS OF AGREEMENT WITH OCCCIDENTAL PETROLEUM.
May 02, 2005 ... MUSCAT, May 2 Asia Pulse - The Ministry of Oil and Gas announced Saturday that it signed a heads of agreement with Occidental Petroleum Corporation and Mubadala Development Company governing the development of the Mukhaizna heavy oil field under a new production sharing agreement. ...
CHINA'S DATANG GRP ISSUES US$362 MLN IN CORPORATE BONDS.
May 02, 2005 ... BEIJING, May 2 Asia Pulse - The China Datang Group (CDG) has issued corporate bonds with a nominal value of three billion yuan (US$362 million), with the funds to be used to expand financing channels, optimize debt structure and reduce capital cost. The Industrial and Commercial ...
PAKISTANI PRODUCTS EXHIBITION HELD IN TAJIKISTAN.
May 02, 2005 ... LAHORE, May 2 Asia Pulse - A Three-day 'Made in Pakistan' exhibition arranged by the Lahore Chamber of Commerce and Industry (LCCI) has been held, with a large number of people from Uzbekistan, Kyrgyzstan and Tajikistan visiting the stalls displaying products of as many as 38 Pakistani ...
GILLETTE TO WEBCAST FIRST-QUARTER RESULTS CONFERENCE CALL.
May 02, 2005 ... (Full text of a statement. Contact details below) BOSTON--(BUSINESS WIRE)--April 29, 2005--The Gillette Company (NYSE:G) will webcast live a conference call with securities analysts and representatives of the media on Thursday, May 5, 2005, beginning at 8:30 a.m. (ET). ...
RIYADH TO HOST 7TH IRAN-SAUDI JOINT ECONOMIC COMMISSION SESSION.
May 02, 2005 ... RIYADH, May 2 Asia Pulse - The 7th Iran-Saudi Arabia Joint Economic Commission Session will be held here on May 16-17, it was announced here Sunday. Iran`s Commerce Minister Mohammad Shariatmadari and Saudi Minister of Commerce and Industry Hashim A. Yamani will preside over the ...
2 NAT'L ORGANIZATIONS TO BE ON SALE IN 6 MONTHS: PAKISTANI MIN.
May 02, 2005 ... LAHORE, May 2 Asia Pulse - Federal Minister for Privatization and Investment Dr Abdul Hafeez Sheikh on April 28 said that the Pak-Arab Fertilizer Ltd (PAFL), National Refinery Ltd and Carrier Telephone Industries (CTI) would be privatized during the next six months. Talking to ...
LAUREL NETWORKS DELIVERS ``DROP-IN'' IP VIDEO ROUTING SOLUTION.
May 02, 2005 ... (Full text of a statement. Contact details below) PITTSBURGH--(BUSINESS WIRE)--May 2, 2005--Laurel Networks(R), Inc. today announced its new "drop-in" IP Video Routing Solution(TM) designed to meet the needs of DSL access providers who want to offer video services. Based on ...
ANALYSIS - PHILIPPINES FACES AGEING AIR FORCE, NAVY.
May 02, 2005 ... MANILA, May 2 Asia Pulse - It is ironic that for the Philippines which is facing a two-pronged insurgency - the longest running in Asia - and lately the war on terror, is the most ill-equipped, particularly its Air Force and Navy whose assets are mostly 50 years old or older. ...
FOREIGN NGOS HAMPERING MINING OPS IN PHILIPPINES FACE ARREST.
May 02, 2005 ... MANILA, May 2 Asia Pulse - Department of Environment and Natural Resources (DENR) Secretary Michael Defensor on Friday warned members of foreign non-government organizations (NGOs) will be arrested if they unduly hamper mining operations in the Philippines. "I will order this if ...
WOMEN'S FORUM EXPRESSES CONCERN LETTER TO SECRETARY LEAVITT.
May 02, 2005 ... (Full text of a statement. Contact details below) WASHINGTON, April 29 /PRNewswire-AsiaNet/ - The Independent Women's Forum today announces that it has sent a letter to Health and Human Services Secretary Mike Leavitt expressing serious concerns about United Nations policies ...
MALAYSIAN NEWSPAPER HIGHLIGHTS - MAY 2, 2005.
May 02, 2005 ... KUALA LUMPUR, May 2 Asia Pulse - Highlights of today's newspapers: BUSINESS TIMES - Property developer Meda Inc Bhd is converting its two prime properties into real estate investment trust (REIT) instruments this year. - AT least 12 hotels will be ready ...
JAPANESE NEWSPAPER HIGHLIGHTS - MAY 2, 2005.
May 02, 2005 ... TOKYO, May 2 Asia Pulse - Highlights of today's newspapers: NIKKEI NET: - Bandai Co. (TSE:7967) and Namco Ltd. (TSE:752) plan to integrate operations as early as autumn to create the second-largest toy-game business group in Japan. - The Financial Services ...