AsiaPulse News back issues from May 2006:
AUSTRALIAN NEWSPAPER HIGHLIGHTS - MAY 2, 2006.
May 03, 2006 ... SYDNEY, May 3 Asia Pulse - Highlights of today's newspapers: THE SYDNEY MORNING HERALD: - Two miners trapped in the Beaconsfield mine have been physically nourished, and had their spirits lifted by their impending rescue, but their sense of humour has been credited as ...
AUSTRALIAN BOND MARKET OPENS WEAKER - MAY 3, 2006.
May 03, 2006 ... SYDNEY, May 3 Asia Pulse - Australian bonds opened weaker today as traders remained cautious ahead of the release of the central bank's interest rate decision. At 0900 AEST the yield on the Commonwealth Government April 2015 bond was 5.750 per cent from 5.740 per cent at ...
FOREX - AUSTRALIAN DOLLAR OPENS FIRMER - MAY 3, 2006.
May 03, 2006 ... SYDNEY, May 3 Asia Pulse - The Australian dollar opened significantly higher today, supported by stronger commodity prices and a recovery in the euro. At 0700 AEST the local currency was trading at $US0.7616/20, well up from yesterday's close of 0.7558/63. In ...
STOCKS - BOMBAY BOURSE CLOSES FIRMER - MAY 2, 2006.
May 03, 2006 ... MUMBAI, May 2 Asia Pulse - A steady flow of robust corporate earnings, a firm Asian trend and indications of healthy GDP growth pushed the Bombay Stock Exchange benchmark sensex to a new closing peak of 12,218.78, a ...
FOREX - US DOLLAR ENDS WEAKER AGAINST RUPEE - MAY 2, 2006.
May 03, 2006 ... MUMBAI, May 2 Asia Pulse - The U S Dollar ended further cheaper against the rupee at Rs 44.8950 per dollar but the Pound remained dearer at Rs 82.37 per pound at ...
BOOK ON ORGANIZATION MANAGEMENT HELPS LARGE ORGANIZATIONS.
May 03, 2006 ... (Full text of a statement. Contact details follow below.) CHICAGO--(BUSINESS WIRE)--May 2, 2006--In the book, "Best Advice on Organization Management," executives of large organizations share their advice on Team building, Training, Tracking progress, Supervising, Encouraging ...
PEPSICO ANNOUNCES WEBCAST OF ANNUAL SHAREHOLDERS' MEETING.
May 03, 2006 ... (Full text of a statement. Contact details follow below.) PURCHASE, N.Y., May 2 /PRNewswire-AsiaNet/ -- PepsiCo (NYSE: PEP) today announced that its annual shareholders' meeting will be webcast live from Plano, Texas, over the Internet on Wednesday, May 3, at 9 AM ...
CONFERENCE EXPLORES 40 YEARS OF ENGLAND V. GERMANY FOOTBALL.
May 03, 2006 ... (Full text of a statement. Contact details follow below.) LEICESTER, England--(BUSINESS WIRE)--May 2, 2006--Ahead of the football world cup, eminent sports historians will be taking a look at rivalries between England and Germany in the 40 years since the 1966 English victory. ...
EMBRAER PRESENTS THE LINEAGE 1000 BUSINESS JET.
May 03, 2006 ... (Full text of a statement. Contact details follow below.) SAO JOSE DOS CAMPOS, May 2 /PRNewswire-AsiaNet/ -- Ultra-large Aircraft Is Company's Fourth Business Jet Offering Embraer (NYSE: ERJ) today introduced the Lineage 1000, an ultra-large business jet ...
SOUTH KOREAN NEWSPAPER HIGHLIGHTS - MAY 3, 2006.
May 03, 2006 ... SEOUL, May 3 Asia Pulse - Highlights of today's newspapers: VERNACULAR DAILIES: - Confusion surfaces over increasing proportion of high school grades in college entrance exam score (Kyunghyang Shinmun) - Lawmakers pass 6 bills within 28 minutes (Kukmin ...
AUSTRALIA'S SEEK LTD LIFTS EARNINGS GUIDANCE FOR FY06.
May 03, 2006 ... SYDNEY, May 3 Asia Pulse - Online employment operation Seek Ltd (ASX:SEK) has lifted its earnings guidance for the current financial year as the employment market remains strong. Seek today said it expects earnings before interest, tax, depreciation and amortisation (EBITDA) of ...
AUSTRALIA'S RESERVE BANK HIKES INTEREST RATES TO 5.75%.
May 03, 2006 ... SYDNEY, May 3 Asia Pulse - The Reserve Bank of Australia today lifted the official cash rate by 25 basis points to 5.75 per cent. This is the first time the central bank has raised interest rates ...
AUSTRALIA'S SERVICE SECTOR LIFTS IN APRIL: SURVEY.
May 03, 2006 ... SYDNEY, May 3 Asia Pulse - Activity in Australia's service sector picked up in April as consumer spending remained firm despite the recent rise in petrol prices, a survey found. The Australian Industry Group - Commonwealth Bank performance of services index (PSI) rose 4.7 points ...
AUSTRALIA'S CORPORATE EXPRESS REPORTS 6.4% RISE IN Q1 PROFIT.
May 03, 2006 ... SYDNEY, May 3 Asia Pulse - Office and business supplier Corporate Express Australia Ltd (ASX:CXP) expects to drive further growth with the launch of a new educational supply business. Corporate Express reported a 6.4 per cent rise in unaudited net profit to $A13.82 million ...
AUSTRALIA'S RESERVE BANK LIFTS OFFICIAL INTEREST RATES.
May 03, 2006 ... CANBERRA, May 3 Asia Pulse - The Reserve Bank has lifted official interest rates by a quarter of a percentage point to 5.75 per cent. With inflation hitting the top of the bank's target band of two per cent to three per cent, and signs of further price pressures across the ...
INDONESIA MOVES TO BOOST TRADE WITH MIDDLE EAST.
May 03, 2006 ... ABU DHABI, May 3 Asia Pulse - President Susilo Bambang Yudhoyono has asked Trade Minister Mari Elka Pangestu to immediately reactivate the Indonesian Trade Promotion Center (ITPC) in the Middle East in a bid to tap the regional market. "I have asked the trade minister to ...
RUPIAH'S EXCHANGE RATE SUITABLE FOR BUSINESS: BI GOVERNOR.
May 03, 2006 ... JAKARTA, May 3 Asia Pulse - The governor of Indonesia's central bank, Bank Indonesia (BI), Burhanuddin Abdullah said the rupiah's current exchange rate, ranging from Rp8,700 to 8,800 per US dollar is still fit for the businesspeople. "If the rupiah's exchange rate stands at ...
INDONESIA MULLS ACCELERATING DEBT REPAYMENTS TO IMF.
May 03, 2006 ... JAKARTA, May 3 Asia Pulse - Indonesia plans to speed up debt repayment to the International Monetary Fund (IMF) and Bank Indonesia is almost certain that Indonesia will be able to speed up the repayment of an about US$7.8 billion debt to the world body. Senior Deputy Governor of ...
S. KOREA'S FOREIGN RESERVES RISE IN APRIL.
May 03, 2006 ... SEOUL, May 3 Asia Pulse - South Korea's foreign exchange reserves rose for a second consecutive month in April as the weaker value of the U.S. dollar boosted the dollar-conversion value of non-dollar assets, the nation's central bank said Wednesday. According to the Bank of ...
SHRINKING SALARIES A HEADACHE FOR TAIWAN OFFICE WORKERS: POLL.
May 03, 2006 ... TAIPEI, May 3 Asia Pulse - Most of Taiwan's office workers have felt the pinch of a shrinking salary compared to their counterparts in neighboring countries, according to the results of a recent survey conducted by Cheers magazine. Compared to white-collar workers in Hong Kong, ...
STOCKS - AUSTRALIAN BOURSE OPENS WEAKER - MAY 3, 2006.
May 03, 2006 ... SYDNEY, May 3 Asia Pulse - The Australian stock market opened slightly lower this morning, dragged down by the central bank's decision to lift interest rates. However the losses on the local bourse were partially kept in check by gains in resources stocks following higher ...
THIRD TAIWAN-SPONSORED COMPUTER CENTER OPENS IN PHILIPPINES.
May 03, 2006 ... MANILA, May 3 Asia Pulse - A third computer learning center sponsored by the Taiwan government opened Tuesday in Manila. The E-Care Center for the physically challenged is one of the projects supported by Taiwan under the APEC Digital Opportunity Center (ADOC) initiative. ...
TAIWAN'S POLICY ON CHINESE LABOR WON'T CHANGE: CHEN.
May 03, 2006 ... TAIPEI, May 3 Asia Pulse - President Chen Shui-bian said Tuesday that March's unemployment rate -- 3.87 per cent -- is the lowest in almost six years, and that the government will closely examine the issue of whether to allow the importation of Chinese labor into Taiwan. During ...
KOREAN WATCHDOG TO BOOST MONITORING OF BANKS' FOREIGN BORROWING.
May 03, 2006 ... SEOUL, May 3 Asia Pulse - South Korea's financial regulator said Wednesday that it will strengthen its monitoring of foreign borrowing by local banks in preparation for expected hikes in global interest rates. "We will check to see whether local banks are being vigilant ...
TAIWAN'S NEW VENTURE CAPITAL RISES 74% IN 2005.
May 03, 2006 ... TAIPEI, May 3 Asia Pulse - Taiwan's venture capital market saw new investment amounting to NT$26.6 billion (US$837 million) in 2005, up 74.2 per cent over the previous year, according to tallies released Tuesday by the Council for Economic Planning and Development (CEPD). CEPD ...
ISLAMABAD, TEHRAN FORGE TENTATIVE PRICE DEAL ON PIPED GAS.
May 03, 2006 ... KARACHI, May 3 Asia Pulse - Pakistan and Iran have reached an agreement about the basic principles of a pricing formula for gas from Iran. The two countries have also decided to work together on the Iran-Pakistan gas pipeline project, regardless whether India participates in it or not. ...
AMERICAN, S. KOREAN ENVOYS TO JOINTLY PROMOTE FTA DEAL IN U.S.
May 03, 2006 ... SEOUL/WASHINGTON, May 3 Asia Pulse - U.S. Ambassador to South Korea Alexander Vershbow said Wednesday he will begin a weeklong tour of seven American cities later in the day. His trip with South Korea's top envoy in Washington Lee Tae-sik, sponsored by the Korean Economic ...
WORLD BANK TO LEND US$216 MLN FOR KARNATKA MUNICIPAL REFORM.
May 03, 2006 ... NEW DELHI, May 3 Asia Pulse - The World Bank on Tuesday committed to provide a loan of nearly Rs 9.7 billion (US$216 million) for part-financing a Rs 13.95-billion Karnataka municipal reform project. World Bank Country Director Michael F Carter, Union Finance Ministry Joint ...
CHINA'S HUAWEI TO BID FOR BSNL GSM TENDER.
May 03, 2006 ... NEW DELHI, May 3 Asia Pulse - Undeterred by reneging of a CDMA contract with BSNL, Chinese telecom equipment vendor Huawei Technologies on Tuesday said it would bid for the mega BSNL cellular tender of 60 million GSM lines for which it is exploring partnerships with local partners. ...
US-BASED NEW BALANCE SHOE CO TO OPEN 50 RETAIL OUTLETS IN INDIA.
May 03, 2006 ... NEW DELHI, May 3 Asia Pulse - US footwear maker New Balance Athletic Shoe Inc, whose sports gear is available in India at Royal Sporting House and Shoppers Stop outlets, on Tuesday said it plans to open 50 exclusive outlets in the country by 2008. The company, which also plans ...
VIA OPENS INNOVATION CENTRE IN INDIA, TO PUSH SUB RS 10,000 PC.
May 03, 2006 ... NEW DELHI, May 3 Asia Pulse - Developer of silicon chip technologies and PC platform solutions VIA Technologies (TAIEX:2388) on Tuesday said it has opened a new innovation centre in Mumbai and plans to set up a team in India to give a push to a sub Rs 10,000 (US$223) personal computer. ...
RANBAXY TO LAUNCH SIMVASTATIN IN US AFTER USFDA NOD.
May 03, 2006 ... NEW DELHI, May 3 Asia Pulse - The country's leading drugmaker Ranbaxy Laboratories Ltd (BSE:500359) on Tuesday said it will launch its Simvastatin drug after it gets the final nod from USFDA, whose rejection of the company's claims for exclusive marketing rights was set aside by a US ...
INDIAN MINISTER: US CANNOT PRESSURIZE NEW DELHI ON GAS PIPELINE.
May 03, 2006 ... NEW DELHI, May 3 Asia Pulse - Minister of Oil and Natural Gas of India Murli Deora said here on Tuesday that the US cannot put any pressure on New Delhi on the US$7.4 billion Iran-Pakistan-India (IPI) gas pipeline project. Speaking to IRNA before his talks with Mohammad Hadi ...
STOCKS - SEOUL SHARES START HIGHER - MAY 3, 2006.
May 03, 2006 ... SEOUL, May 3 Asia Pulse - South Korean stocks opened higher Wednesday as an overnight gain in U.S. stocks bolstered the market. The benchmark Korea Composite Stock Price Index (KOSPI) rose 8.48 points, or 0.59 per cent, to 1,443.38 in the first 15 minutes of trading. ...
HONG KONG NEWSPAPER HIGHLIGHTS - MAY 3, 2006.
May 03, 2006 ... HONG KONG, May 3 Asia Pulse - Highlights of today's newspapers: SOUTH CHINA MORNING POST: - Businesses and their employees shelled out a record .29 billion in tax last fiscal year as Hong Kong's buoyant economy helped inflate corporate profits and boost wages. ...
KOREA EXCHANGE BANK'S Q1 PROFIT FALLS 8 PCT ON TAX PAYMENT.
May 03, 2006 ... SEOUL, May 3 Asia Pulse - Korea Exchange Bank (KSE:004940), a South Korean lender controlled by U.S.-based private fund Lone Star Funds, said Wednesday its net income for the first quarter fell 8 per cent from a year ago due to a payment of corporate income tax. First-quarter ...
INDIA ASKS US TO TIGHTEN IPR RULES.
May 03, 2006 ... NEW DELHI, May 3 Asia Pulse - Concerned over attempts to monopolise its traditional knowledge, India on Tuesday asked the United States to tighten its Intellectual Property Rights (IPR) regime and put in place proper disclosure norms for companies filing for patents. "The US ...
PAKISTAN VOWS TO GO AHEAD WITH IRAN PIPELINE IF INDIA STAYS AWAY.
May 03, 2006 ... ISLAMABAD, May 3 Asia Pulse - Pakistan and Iran are ready to develop the multi-billion gas pipeline bilaterally in case India stays away from the project, a Foreign Office spokesperson said on Tuesday. "If for some reasons India is not able to join the project then pipeline can ...
FOREX - US DOLLAR OPENS WEAKER AGAINST WON - MAY 3, 2006.
May 03, 2006 ... SEOUL, May 3 Asia Pulse - The U.S. dollar on Wednesday opened at 939.00 ...
S KOREA'S DACOM POSTS HIGHER Q1 EARNINGS ON BRISK BUSINESS.
May 03, 2006 ... SEOUL, May 3 Asia Pulse - Dacom Corp. (KSE:015940), South Korea's No. 2 fixed-line carrier, said Wednesday that its first quarter net profit more than doubled from a year earlier due to the brisk performances of its core businesses. Net income amounted to 31.62 billion won ...
S. KOREA'S WOORI BANK JOINS U.N. BUSINESS BODY.
May 03, 2006 ... SEOUL, May 3 Asia Pulse - Woori Bank, South Korea's second-largest lender, said Wednesday it has entered a group of businesses under the United Nations that have pledged to adopt socially responsible initiatives. The bank, which has filed for affiliation with the U.N. Global ...
S. KOREAN COMPUTER GAME FIRMS TO RELEASE PRODUCTS AT U.S. EXPO.
May 03, 2006 ... SEOUL, May 3 Asia Pulse - Major South Korean game developers said Wednesday that they will unveil a range of new products at a leading software fair to be held in the United States next week, as part of efforts to increase sales in the lucrative market. NCSoft Corp ....
TAIWAN STOCK INVESTORS MORE OPTIMISTIC: POLL.
May 03, 2006 ... TAIPEI, May 3 Asia Pulse - The index for local stock investors' mood jumped significantly from February to April due to the rising local bourse, according to survey results published Tuesday by Shih Hsin University. Along with a bullish stock market whose weighted index -- the ...
TAIWAN LEGISLATURE URGED TO PASS BILL TO PROTECT TAXPAYERS' INTEREST.
May 03, 2006 ... TAIPEI, May 3 Asia Pulse - The Alliance of Fairness and Justice on Tuesday called on the nation's lawmakers to pass a bill that would "ensure human dignity" and a subsistence-level income for taxpayers. Chien Hsi-chieh, president of the organization also known as the ...
ADVISORY - JAPANESE STOCK EXCHANGE CLOSED - MAY 3-5, 2006.
May 03, 2006 ... TOKYO, May 3 Asia Pulse - Japan's stock exchange is closed from today until May 5 for the Golden ...
TAIWAN MANAGERS NOT OPTIMISTIC ABOUT DOMESTIC ECONOMY: SURVEY.
May 03, 2006 ... TAIPEI, May 3 Asia Pulse - Over half of Taiwan's CEOs responding to a recent survey are not optimistic about Taiwan's economic outlook and cross-Taiwan Strait relations are still their top concern when running a business, a CommonWealth magazine spokesman said Tuesday. The ...
TAIWAN SUPPORTS ESTABLISHMENT OF DOHA NEGOTIATION MODALITIES.
May 03, 2006 ... GENEVA, May 3 Asia Pulse - Taiwan gave its support Monday in a meeting of the World Trade Organization (WTO) to the establishment of the modalities in agricultural and non-agricultural market access (NAMA) talks in the Doha round of negotiations as soon as possible. Taiwan's ...
MARVELL INTRODUCES NEW PACKET PROCESSORS.
May 03, 2006 ... (Full text of a statement. Contact details follow below.) SUNNYVALE, Calif., May 2 /PRNewswire-AsiaNet/ -- Prestera(R) 98DX2x5 Solutions Enable Intelligent, Secure Service Delivery & Mobility for Converging Networks Marvell (Nasdaq: MRVL), the leader in ...
AUSTRALIA'S TRANSURBAN TO ACQUIRE US TOLLWAY CONCESSION.
May 03, 2006 ... MELBOURNE, May 3 Asia Pulse - Tollway operator Transurban Group (ASX:TCL) has agreed to acquire a 99-year concession on the Pocahontas Parkway in Virginia in the United States. Total upfront funding for the road is $A815 million ($US618.87 million), and Transurban will ...
ADB GENERAL MEETING TO FOCUS ON POVERTY, INFRASTRUCTURE.
May 03, 2006 ... HYDERABAD, May 3 Asia Pulse - Billed as the financial Olympics, the annual general meeting of the Asian Development Bank (ADB) will open here on Wednesday with a focus on the challenges facing Asia and tackling poverty through infrastructure-led growth. The 39th annual meet, ...
MALAYSIAN NEWSPAPER HIGHLIGHTS - MAY 3, 2006.
May 03, 2006 ... KUALA LUMPUR, May 3 Asia Pulse - Highlights of today's newspapers: BUSINESS TIMES: - Malaysia plans to review the tax structure of its offshore financial centre in Labuan as it seeks to compete with other established and up and coming offshore centres in the world. ...
PHILIPPINES URGES SPAIN TO VENTURE INTO ALTERNATIVE ENERGY.
May 03, 2006 ... MANILA, May 3 Asia Pulse - House Speaker Jose de Venecia and his delegation of four lawmakers have pushed for Spain's participation in the development of alternative sources of energy in the light of surging world prices of oil that are threatening the world economy. In ...
HONDA PHILIPPINES UNVEILS HYBRID CAR.
May 03, 2006 ... MANILA, May 3 Asia Pulse - President Gloria Macapagal-Arroyo saw for herself on Tuesday how the four-cylinder Honda Civic hybrid car works during a test drive of the new vehicle at the Kalayaan grounds of Malacaang. The President and Energy Secretary Raphael Lotilla, together ...
MAS WINS READER'S DIGEST "TRUSTED AIRLINE BRAND" AWARD.
May 03, 2006 ... KUALA LUMPUR, May 3 Asia Pulse - Malaysia Airlines (KLSE:3786) has won the Reader's Digest "Trusted Brand Platinium Award 2006" for the Airline Category. The national flag carrier has won the award for four consecutive years since 2003. The award was presented by ...
INDONESIAN NEWSPAPER HIGHLIGHTS - MAY 3 2006.
May 03, 2006 ... JAKARTA, May 3 Asia Pulse - Highlights of today's newspapers: KOMPAS - Incumbent Bagir Manan was almost unanimously reelected to keep the post of the Supreme Court chairman for at least two years before he reaches the retirement age of 67 despite corruption ...
SINGAPORE NEWSPAPER HIGHLIGHTS - MAY 3, 2006.
May 03, 2006 ... SINGAPORE, May 3 Asia Pulse hlt THE STRAITS TIMES: - Minister Mentor (MM) Lee expressed disappointment that Workers' Party chief Low Thia Khiang is still trying to "cover up, shield" Mr James Gomez, adding that the WP candidate is a "liability". - Gomez a ...
WORK IN HAND OF AUSTRALIA'S LEIGHTON SWELLS TO US$12 BLN.
May 03, 2006 ... MELBOURNE, May 3 Asia Pulse - Property development, engineering and contract mining group Leighton Holdings Ltd (ASX:LEI) had work in hand worth a record $A16 billion ($US12.15 billion) at the end of the third quarter. This represented a significant increase on the $A14.9 ...
STOCKS - AUSTRALIAN BOURSE HIGHER AT NOON - MAY 3, 2006.
May 03, 2006 ... SYDNEY, May 3 Asia Pulse - The Australian stock market was trading higher at noon, having recovering from a slow start after the decision by the central bank to lift interest rates. At 1200 AEST, the benchmark S&P/ASX 200 index was up 3.2 points to 5276.3, while the all ...
AUSTRALIAN NEW CAR SALES FALL IN APRIL.
May 03, 2006 ... ADELAIDE, May 3 Asia Pulse - Sales of new cars and trucks slumped 10 per cent in April, according to official figures released today. The Federal Chamber of Automotive Industries (FCAI) said 68,650 new vehicles were retailed last month compared to 76,487 in the same month last ...
JAPANESE NEWSPAPER HIGHLIGHTS - MAY 3, 2006.
May 03, 2006 ... TOKYO, May 3 Asia Pulse - Highlights of today's newspapers: NIKKEI NET: - Toyota Motor Corp. (TSE:7203) plans to sell about 10.3 million vehicles in 2010 on a parent-only basis, up about 3 million units from 2005, with sales expected to roughly double in Asia and jump ...
FOREX - AUSTRALIAN DOLLAR FIRMER AT NOON - MAY 3, 2006.
May 03, 2006 ... SYDNEY, May 3 Asia Pulse - The Australian dollar lifted more than one US cent at noon today after the central bank lifted interest rates for the first time in 14 months. At 1200 AEST the local currency was trading at $US0.7664/68, significantly higher than yesterday's close of ...
PHILIPPINE NEWSPAPER HIGHLIGHTS - MAY 3, 2006.
May 03, 2006 ... MANILA, May 3 Asia Pulse - Highlights of today's newspapers: MANILA TIMES: - The package of nonwage benefits announced by President Arroyo has failed to impress labor groups, who said the perks are too little, too late. - Key interest rates climbed at ...
INDIA TO HAVE MORE FAST-BREEDER REACTORS: TOP SCIENCE ADVISOR.
May 03, 2006 ... NEW DELHI, May 3 Asia Pulse - India has great potential in the field of nuclear energy and good efficiency in operating its nuclear power plants, said Dr R Chidambaram, Principal Scientific Advisor to the Indian government, suggesting expansion of the nuke agenda. Addressing ...
SAUDI'S ARAMCO INTERESTED IN BUILDING OIL REFINERY IN INDONESIA.
May 03, 2006 ... JAKARTA, May 3 Asia Pulse - Saudi oil company Aramco is interested in building an oil refinery with a capacity of 400,000 barrels a day in Indonesia in cooperation with Indonesia`s state-owned oil company Pertamina. Aramco disclosed its intention of building an oil refinery in ...
SAMSUNG ELECTRO DEVELOPS ENHANCED CERAMIC CONDENSER.
May 03, 2006 ... SEOUL, May 3 Asia Pulse - Samsung Electro-Mechanics Co. (KSE:005930), a South Korean electric component company, said Wednesday that it has developed a micro condenser whose electric nodes were made of copper to enhance conductivity. The copper-based multi-layer ceramic ...