AsiaPulse News back issues from July 2007:
MARKET AWAITS AGRICULTURAL BANK OF CHINA RESTRUCTURING PLAN.
Jul 02, 2007 ... BEIJING, July 2 Asia Pulse - China is still studying the restructuring of the Agricultural Bank of China, a top banking regulator said over the weekend in Shanghai. Reform procedures for the Beijing-based Agricultural Bank will follow steps taken by Industrial and Commercial ...
INDIA'S TANTIA CONSTRUCTIONS BETS BIG ON BANGLADESH.
Jul 02, 2007 ... MUMBAI, July 2 Asia Pulse - With a view to scaling up its global operations and enhance its margins, Tantia Constructions (BSE:532738) has accorded high priority to the Bangladesh market, where it is expecting two road projects soon. "We are looking for opportunities in ...
INTO ZERO NOX ZONE - COMBUSTION TECHNOLOGY OF MIURA.
Jul 02, 2007 ... (Full text of a statement. Contact details below.) MEDIA RELEASE PR26706 "Into Zero NOx Zone" - The Leading-Edge Combustion Technology of Miura MATSUYAMA, July 2 /Kyodo JBN-AsiaNet/-- MIURA Co., Ltd.(head office: Matsuyama City, Ehime Pref., Yuji Takahashi, President), the ...
STOCKS - SEOUL SHARES END SHARPLY HIGHER - JULY 2, 2007.
Jul 02, 2007 ... SEOUL, July 2 Asia Pulse - South Korean stocks closed sharply higher Monday as institutions snapped up brokerage and insurance issues such as Samsung Securities and Samsung Fire & Marine, analysts said. The local currency rose against the U.S. dollar. The benchmark Korea ...
SPANISH CO TO INVEST US$150 MLN IN CHINESE SILICON METAL PLANT.
Jul 02, 2007 ... CHENGDU, July 2 Asia Pulse - A Spanish company is planning to build a silicon metal plant with an investment of US$150 million in southwest China's Sichuan Province, a top company official said here Friday. The plant will turn out 150,000 tons of silicon metal annually, making ...
STOCKS - AUSTRALIAN INDEX ENDS LOWER - JULY 2, 2007.
Jul 02, 2007 ... SYDNEY, July 2 Asia Pulse - Australian stocks ended lower in a quiet day's trade today on mixed commodity prices and a lackluster lead from Wall Street. Retailers Woolworths and David Jones were stronger after the Coles Group board recommended its shareholders accept a ...
CHINA, PAKISTAN TO CUT BILATERAL TRADE TARIFFS.
Jul 02, 2007 ... BEIJING, July 2 Asia Pulse - China and Pakistan will start to cut or scrap tariffs on all products from July 1 to boost bilateral trade, said Wang Xinpei, spokesman of the Ministry of Commerce. The two-phase step is in accordance with a free trade agreement (FTA) signed by the ...
STOCKS - TOKYO SHARES END HIGHER - JULY 2, 2007.
Jul 02, 2007 ... TOKYO, July 2 Asia Pulse - Tokyo shares ended slightly higher Monday after a key central bank survey put business confidence at nearly a two-year high, dealers said. ...
BUSINESS IN ASIA TODAY - JULY 2, 2007.
Jul 02, 2007 ... Business in Asia on July 2, 2007. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities: WESFARMERS LAUNCHES $US18.8 BLN OFFER FOR COLES SYDNEY - Wesfarmers Group ...
PETROCHINA HIRES UBS SECURITIES FOR SHANGHAI STOCK SALE.
Jul 02, 2007 ... BEIJING, July 2 Asia Pulse - PetroChina Company Limited (PetroChina) (SEHK:0857) has hired UBS Securities Co. to help arrange its A share public offering in Shanghai this year, according to sources close to the deal. UBS Securities Co., the China venture of Europe's largest bank ...
S. KOREA'S H1 VEHICLE SALES RISE 8.1 PCT ON OVERSEAS DEMAND.(Financial report)
Jul 02, 2007 ... SEOUL, July 2 Asia Pulse - South Korean auto sales rose 8.1 per cent from a year ago in the first six months of this year as overseas demand boosted exports, according to figures released by the nation's five carmakers Monday. Overall six-month sales among the five automakers, ...
GEMALTO ROLLS OUT CAMPAIGN FOR THAI OPERATOR.
Jul 02, 2007 ... (Full text of a statement. Contact details below.) (BW)(GEMALTO)(GTO.PA) Gemalto Rolls Out Unprecedented Nationwide Over-The-Air Campaign for Thailand's Largest Mobile Operator, AIS AIS updates nearly 8 million subscribers' SIM cards across all of Thailand in record ...
AUSTRALIAN BONDS END FIRMER - JULY 2, 2007.
Jul 02, 2007 ... SYDNEY, July 2 Asia Pulse - The Australian bond market has closed firmer after a drop in US consumer spending and four failed car bomb attacks in the United Kingdom prompted a wave of safe haven buying. At 1630 AEST, the yield on the Commonwealth Government February 2017 bond ...
APEC MINISTERS TO MEET AMIDST CRITICAL PERIOD IN TRADE TALKS.
Jul 02, 2007 ... CANBERRA, July 2 Asia Pulse - Asia-Pacific trade ministers are meeting in Cairns this week in what is shaping up as a critical juncture in world trade talks. Trade Minister Warren Truss will this Thursday begin hosting a two-day meeting of trade ministers and senior officials ...
RIO TINTO SHIPS IRON ORE BLEND TO JAPAN.
Jul 02, 2007 ... MELBOURNE, July 2 Asia Pulse - Rio Tinto Ltd (ASX:RIO) has shipped the first of its Pilbara Blend (PB) iron ore, a product comprising a mix of existing Brockman and Marra Mamba iron ores mined from nine of its 11 operating Australian mines. On 22 June the first shipment of ...
STOCKS - PHILIPPINE SHARES FINISH FIRMER - JULY 2, 2007.
Jul 02, 2007 ... MANILA, July 2 Asia Pulse - Philippine shares firmed 0.72 per cent Monday, with financial stocks enjoying a good day, ...
BRIEFING - ASIA AVIATION - JULY 2, 2007.
Jul 02, 2007 ... An executive briefing on aviation for July 2, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. AIR FRANCE-KLM, CHINA SOUTHERN SET TO ESTABLISH CARGO JV ...
DONGWHA PHARMACEUTICAL SIGNS US$511MLN TECHNOLOGY EXPORT DEAL.
Jul 02, 2007 ... SEOUL, July 2 Asia Pulse - The Dongwha Pharmaceutical Co. said Monday it had signed a US$511 million deal with Procter & Gamble Pharmaceuticals Inc. (P&G) to export the technology for a drug that may be developed to treat osteoporosis. The deal calls for Dongwha to provide to ...
BRIEFING - ASIA ENERGY - JULY 2, 2007.
Jul 02, 2007 ... An executive briefing on energy for July 2, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. PETROCHINA HIRES UBS SECURITIES FOR SHANGHAI STOCK SALE BEIJING ...
SOUTH KOREA'S CONSUMER INFLATION ACCELERATES IN JUNE.
Jul 02, 2007 ... SEOUL, July 2 Asia Pulse - South Korea's consumer inflation accelerated in June because of global oil price hikes, a government report showed Monday. The consumer price index gained 2.5 per cent year-on-year in June, compared with a 2.3 per cent advance in May, the National ...
SOUTH KOREAN HOUSING PRICES RISE SLIGHTLY IN JUNE.
Jul 02, 2007 ... SEOUL, July 2 Asia Pulse - Housing prices in South Korea rose slightly in June from the previous month as home prices in redevelopment areas across the nation increased, data from the country's top lender showed Monday. South Korea's housing prices rose 0.1 per cent last month, ...
INDIA'S TCS, INFOSYS, WIPRO ACCOUNT FOR US$9 BLN EXPORT IN FY07.
Jul 02, 2007 ... NEW DELHI, July 2 Asia Pulse - Tata Consultancy Services (TCS) (BSE:532540), Infosys (BSE:500209)and Wipro (BSE:507685), the country's top three IT firms, accounted for about US$9 billion software exports during 2006-07, a Dataquest survey has said. The exports from top 10 IT ...
BRIEFING - ASIA HEALTH - JULY 2, 2007.
Jul 02, 2007 ... An executive briefing on Health for July 2, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. DONGWHA PHARMACEUTICAL SIGNS US$511MLN TECHNOLOGY EXPORT DEAL ...
BRIEFING - ASIA INFRASTRUCTURE - JULY 2, 2007.
Jul 02, 2007 ... An executive briefing on infrastructure for July 2, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. SPANISH CO TO INVEST US$150 MLN IN CHINESE SILICON METAL PLANT ...
WINNER OF AAF TENDER CONFUSED BY INDONESIAN GOVT STATEMENT.
Jul 02, 2007 ... JAKARTA, July 2 Asia Pulse - The winners of a tender to revitalize Asean Aceh Fertilizer (AAF) have been confused by the government offering the factory, which has stopped operation since 2003, to another investor. Industry Minister Fahmi Idris said last week Australia's ...
HYUNDAI MIPO WINS CONTRACTS WORTH US$900 MLN TO BUILD 15 SHIPS.
Jul 02, 2007 ... SEOUL, July 2 Asia Pulse - Hyundai Mipo Dockyard Co. (KSE:010620), a unit of the world's largest shipyard operator, said Monday that it has recently won deals valued at US$900 million to build 15 vessels, including four chemical carriers. Hyundai Mipo won US$4.43 billion of ...
MALAYSIA TO ASK MAS TO LOWER AGRI FREIGHT COSTS.
Jul 02, 2007 ... BIRMINGHAM, July 2 Asia Pulse - Malaysian Agriculture and Agro-based Industry Minister Muhyiddin Yassin will ask Malaysia Airlines (MAS) to consider a reasonable freight cost for Malaysian agricultural products as the government moves to introduce the goods to a wider international market ....
SK TELECOM OUTPACES RIVALS IN GAINING CUSTOMERS IN JUNE.
Jul 02, 2007 ... SEOUL, July 2 Asia Pulse - SK Telecom Co. (KSE:17670), South Korea's No. 1 mobile service provider, far outstripped its two rivals in attracting new customers last month, according to data released by each company on Monday. SK Telecom said in a statement that it gained a net ...
MALAYSIA'S FDI IN SOUTHERN COUNTRIES HITS US$4.8 BLN IN 2006.
Jul 02, 2007 ... KUALA LUMPUR, July 2 Asia Pulse - Malaysia's investment in South-South countries amounted to US$4.8 billion (RM17.6 billion) last year owing to brisk efforts by the government to encourage local firms to invest in developing nations, Minister of International Trade and Industry Rafidah ...
SET INDEX TIPPED TO BREAK 1,000 POINTS IN MID 2008.
Jul 02, 2007 ... BANGKOK, July 2 Asia Pulse - The Stock Exchange of Thailand (SET) composite index may sail past the 900 point level within the year and rise above the 1,000-point level in mid-2008, if the country's general election is held as planned and a democratic government is formed, said the ...
WESFARMERS MAKES BID FOR AUSTRALIAN RETAIL GIANT COLES.
Jul 02, 2007 ... SYDNEY, July 2 Asia Pulse - Wesfarmers Ltd (ASX:WES) is set to become the biggest retailer in Australia, after making a A$22 billion bid (US$18.8 billion) for Coles Group Ltd (ASX:CGJ), the largest takeover in Australian corporate history. Ending months of uncertainty, ...
OMRON MONITOR SPURS REVISED HYPERTENSION TREATMENT GUIDELINES.
Jul 02, 2007 ... (Full text of a statement. Contact details below.) MEDIA RELEASE PR26720 Omron(R) Non-Invasive Blood Pressure Monitor with Augmentation Index's Utility Spurs Revision of Hypertension Treatment Guidelines KYOTO, June 29 /KYODO JBN-AsiaNet/ -- HEM-9000AI Allows Central ...
THAI PM SAYS ELECTION DATE CANNOT BE FIXED YET.
Jul 02, 2007 ... BANGKOK, July 2 Asia Pulse - Thailand's interim Prime Minister Gen. Surayud Chulanont said here Sunday that it was still too early to fix the exact date of the general election, because the draft constitution must first be approved by referendum. If possible, the election will ...
FOREX - AUSTRALIAN DOLLAR ENDS FIRMER - JULY 2, 2007.
Jul 02, 2007 ... SYDNEY, July 2 Asia Pulse - The Australian dollar closed higher today, hitting fresh 18-year highs as the yen-funded carry trades continue to pump up the local currency. At 1700 AEST, the domestic unit was trading at US$0.8533/39, up from Friday's close of US$0.8501/07. ...
INDONESIA'S TELKOM ANNOUNCES DIVIDEND OF US$0.03 PER SHARE.
Jul 02, 2007 ... JAKARTA, July 2 Asia Pulse - State telecommunications operator PT Telkom Tbk. has decided to set aside 55 per cent of its 2006 profit amounting to Rp6.065 trillion (US$673 million) to pay dividends. In its general shareholders meeting here Friday, the company agreed to pay a ...
BSR AUSTRALIA BACK IN BLACK WITH US$1.2 MLN PROFIT.(Financial report)
Jul 02, 2007 ... MELBOURNE, July 2 Asia Pulse - BSR Australia, the parent company of Betta Electrical and Chandlers, is back in the black for the first time since its predecessor went into administration last year. The new parent company was formed by a consortium of Betta store franchisees, who ...
SOUTHERN CROSS LIKELY TO BE CARVED UP BY FAIRFAX, MACQUARIE.
Jul 02, 2007 ... SYDNEY, July 2 Asia Pulse - Southern Cross Broadcasting Australia Ltd (ASX:SBC) looks set to be carved up by Fairfax Media Ltd (ASX:FXJ) and Macquarie Media Group (ASX:MMG), after trading in the shares of all three companies was halted today ahead of an announcement. Southern ...
OPERATORS, VENDORS JOIN TO PROMOTE FEMTOCELL DEPLOYMENT.
Jul 02, 2007 ... (Full text of a statement. Contact details below.) Founding Members Include: Airvana, ip.access, NETGEAR, picoChip, RadioFrame, Tatara and Ubiquisys Technology Editors LONDON--(BUSINESS WIRE)--July 2, 2007--The Femto Forum launched today to support and ...
INDIA'S SUZLON EXTENDS WIND CAPACITY CONTRACT WITH US FIRM PPM.
Jul 02, 2007 ... MUMBAI, July 2 Asia Pulse - Wind power major Suzlon Energy (BSE:532667) on Friday said it has extended contract with the US-based PPM Energy for supply of additional 300 MW wind turbine capacity. The US-based step-down subsidiary of Suzlon Energy, Suzlon Wind Energy Corporation, ...
WEST TO GET A TASTE OF MCDONALD'S MCALOO TIKKI SOON.
Jul 02, 2007 ... NEW DELHI, July 2 Asia Pulse - Global fast food chain McDonald's, which entered India over a decade ago, plans to export dishes from its unique Indian menu to please the western palate, having tasted success in the Middle East market. The McAloo Tikki, a fried breaded potato and ...
GREAT WALL AUTO CO PLANS TO ENTER SEDAN CAR MARKET.
Jul 02, 2007 ... SHANGHAI, July 2 Asia Pulse - Great Wall Automobile Company (SEHK:2333), known as a SUV maker, will put its first sedan car GWPERI on the market in August this year if it gains a sedan car production license. Great Wall has invested about 3.6 billion yuan (US$473 million) in ...
MAGNESIUM, METAL OF FASTEST CONSUMPTION GROWTH IN CHINA.
Jul 02, 2007 ... CHONGQING, July 2 Asia Pulse - Magnesium has become a metal witnessing the fastest consumption growth in China and thus ranks the fifth major nonferrous metal after copper, aluminum, lead and zinc, said Kang Yi, chairman of the China Association of Nonferrous Metals Industry on June 29. ...
CHINA'S ADJUSTMENT OF EXPORT REBATES SEEN TO HURT LIGHT INDUSTRY.
Jul 02, 2007 ... BEIJING, July 2 Asia Pulse - The new export rebates policy will have a profound impact on China's light industry, especially on low value-added industry, experts say. China is a big exporter of furniture, is made at low costs. However, with the increase in labor costs, raw ...
CAPGEMINI REJECTS RUMOURS OF INFOSYS BID.
Jul 02, 2007 ... NEW DELHI, July 2 Asia Pulse - European software and consultancy services company Capgemini yesterday rejected speculation of an approach by India's Infosys Technologies as "rumour and market speculation". "We do not comment on market rumour or speculation," a spokesperson of ...
STOCKS - AUSTRALIAN SHARES END LOWER - JULY 2, 2007.
Jul 02, 2007 ... Repeating to correct value of takeover. SYDNEY, July 2 Asia Pulse - Australian stocks ended lower as choppy commodity prices took a toll on the resources sector, but local retailers gained on the recommendation by Coles' (ASX:CGJ) board of a A$22 billion (US$18.8 billion) ...
TERRITORY RESOURCES SHARES SLUMP 15 PCT IN AUSTRALIA.
Jul 02, 2007 ... PERTH, July 2 Asia Pulse - Shares in Territory Resources Ltd (ASX:TTY) have slumped more than 15 per cent, as the market provided its verdict on the iron ore miner's tilt for manganese producer Consolidated Minerals Ltd (ASX:CSM). Territory shares, which have been in a trading ...
INDONESIA'S FOREX RESERVES JUMP TO RECORD US$51.9 BLN IN JUNE.
Jul 02, 2007 ... JAKARTA, July 2 Asia Pulse - Indonesia's foreign exchange reserves reached an unprecedented level of US$51.9 billion in the month ended on June 30, 2007, a central bank official said. "The figure is the highest ever reached," Deputy Bank Indonesia ...
AUST'S INDEPENDENT GROCERS CALL FOR STRONGER TRADE PRACTICES ACT.
Jul 02, 2007 ... SYDNEY, July 2 Asia Pulse - The Trade Practices Act must be strengthened to combat the dominance of Coles Group Ltd (ASX:CGJ) and Woolworths Ltd (ASX:WOW), which has created one of the most concentrated grocery markets in the western world, say Australia's independent grocers. ...
STOCKS - SHANGHAI SHARES CLOSE HIGHER - JULY 2, 2007.
Jul 02, 2007 ... SHANGHAI, July 2 Asia Pulse - Shanghai shares rose 0.41 per cent Monday in a volatile day of trading, with power and steel firms leading the ...
FOREX - US DOLLAR WEAKER AGAINST YEN - JULY 2, 2007.
Jul 02, 2007 ... TOKYO, July 2 Asia Pulse - The U.S. dollar was trading at 122.59-122.60 ...
CAMPAIGN AGAINST ILLEGAL SOFTWARE VENDORS UNDERWAY IN SHARJAH.
Jul 02, 2007 ... DUBAI, July 2 Asia Pulse - Joint anti-piracy entrapment operations have resulted in the arrest of three illegal traders and confiscation of various counterfeit items during separate raids launched earlier this month in Sharjah. The raids were initiated by Microsoft, as a Business Software ...
FOREX - US DOLLAR WEAKER VS SINGAPORE DOLLAR - JULY 2, 2007.
Jul 02, 2007 ... SINGAPORE, July 2 Asia Pulse - The US dollar was trading at 1.5264 Singapore dollars at 4.33 p.m ....
FOREX - US DOLLAR WEAKER AGAINST BAHT - JULY 2, 2007.
Jul 02, 2007 ... BANGKOK, July 2 Asia Pulse - The US dollar was trading at 31.715 baht at 4.24 p.m ....
PAKISTAN NEWSPAPER HIGHLIGHTS - JULY 2, 2007.
Jul 02, 2007 ... KARACHI, July 2 Asia Pulse - Highlights of today's newspapers: DAWN: - Over two million severely hit: Balochistan death toll 100; 15 districts affected; Loss estimated at Rs10 billion (US$166 million); Relief operations continue - Thousands of villagers ...
COUNTERFEITING AND PIRACY COST ARAB COUNTRIES US$50 BLN ANNUALLY.
Jul 02, 2007 ... DUBAI, July 2 Asia Pulse - A landmark agreement paving the way for the first Arab Consumer and Brand Protection Forum was signed today between Arab League and Hemaya Universal at the Jeddah Chamber of Commerce and Industry headquarters. With the volume of commercial fraud ...
AUSTRALIA'S TRAVEL.COM.AU TO BUY 25 PCT IN LASTMINUTE.
Jul 02, 2007 ... SYDNEY, July 2 Asia Pulse - Online travel agent travel.com.au (ASX:TVL) will spend $A4.75 million ($US4.04 million) buying the 25.1 per cent stake in lastminute.com.au Australia Ltd it does not already own, taking full control of the company. Half the purchase price will be paid ...
CHINESE WATCHDOG ANNOUNCES NEW STANDARD FOR LIGHT VEHICLES.
Jul 02, 2007 ... BEIJING, July 2 Asia Pulse - China's State Administration for Environmental Protection (SAEP) has announced recently that starting from July 1 of this year, the country will start implementing the national third-stage restriction on pollutant discharge by motor vehicles (hereafter referred ...
TAIWAN SEEKS TO HELP MITIGATE IMPACT OF WAGE HIKE ON SMEs.
Jul 02, 2007 ... TAIPEI, July 2 Asia Pulse - The Council of Labour Affairs (CLA) has worked out five measures to help mitigate the impact on small and medium-sized enterprises (SMEs) of the 9.09 per cent minimum wage hike, which went into effect Sunday. Premier Chang Chun-hsiung announced ...
CHINA'S AFTER-SALES AUTO MARKET SEEN TO EXCEED US$39 BLN BY 2010.
Jul 02, 2007 ... CHANGCHUN, July 2 Asia Pulse - The market value of China's after-sales service for motor vehicles is expected to reach more than 300 billion yuan US$39.4 billion) by 2010, said an official at a forum on development of auto after-sales market held in Changchun, capital city of northeast ...
CHINA'S EXPORT PRICE OF LEATHER PRODUCTS RISES.
Jul 02, 2007 ... BEIJING, July 2 Asia Pulse - China's leather products export price will rise as a result of the cancellation of export rebate tax, the rise of labor cost and raw materials price and the appreciation of RMB, experts predicted. Statistics showed that China exported US$7.12 billion worth of ...
STOCKS - TAIPEI BOURSE ENDS FIRMER - JULY 2, 2007.
Jul 02, 2007 ... TAIPEI, July 2 Asia Pulse - Taiwanese share prices ended 0.63 per cent firmer Monday, driven by gains in real estate and building ...
BRIEFING - ASIA AGRIBUSINESS - JULY 2, 2007.
Jul 02, 2007 ... An executive briefing on agribusiness for July 2, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. MALAYSIA TO ASK MAS TO LOWER AGRI FREIGHT COSTS ...
BRIEFING - ASIA AUTOMOTIVE - JULY 2, 2007.
Jul 02, 2007 ... An executive briefing on the automotive industry for July 2, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. CHINA'S AFTER-SALES AUTO MARKET SEEN TO EXCEED US$39 BLN ...
BRIEFING - ASIA BANKING - JULY 2, 2007.
Jul 02, 2007 ... An executive briefing on banking for July 2, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. MARKET AWAITS AGRICULTURAL BANK OF CHINA RESTRUCTURING PLAN ...
BRIEFING - ASIA ELECTRONICS - JULY 2, 2007.
Jul 02, 2007 ... An executive briefing on electronics for July 2, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. BSR AUSTRALIA BACK IN BLACK WITH US$1.2 MLN PROFIT ...