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Article: BUSINESS IN ASIA TODAY - AUG 12, 2008.

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AsiaPulse News
Article date:
August 12, 2008
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Business in Asia on Aug 12, 2008. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

TOKYU LAND EARMARKS US$4.5 BLN FOR TOKYO URBAN RENEWAL THROUGH FY10

TOKYO - With foreign funds winding down their property investments in Japan, Tokyu Land Corp. (TSE:8815) will go on the offensive by spending as much as 500 billion yen (US$4.55 billion) through fiscal 2010 on urban renewal projects, The Nikkei learned Monday. The Tokyo developer is setting its sights mainly on Tokyo's Shibuya, Chiyoda, Chuo and Minato wards as well as other big cities, including ...

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