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BUSINESS IN ASIA TODAY - MARCH 1, 2005
BUSINESS IN ASIA TODAY - FEB 28, 2005
BRIEFING - ASIA ECONOMIC NEWS - FEB 28, 2005
THREE NUCLEAR GIANTS SUBMIT BIDS FOR 4 CHINESE REACTORS
BEIJING, March 1 Asia Pulse - Three global nuclear power
competitors, one of which will become a long-time player in
China's ambitious nuclear energy strategy, submitted their bids
to build four nuclear reactors in the country.
US-based Westinghouse, France's AREVA and Russia's
CHINESE FIRMS REAP US$18.4 BLN FROM SHARE MARKETS IN 2004
BEIJING, March 1 Asia Pulse - China's listed firms collected
a total of 151.1 billion yuan (US$18.4 billion) last year from
the country's share markets, up 15.3 billion yuan (US$1.85
billion) over the previous year, or up 11 per cent, the
National Bureau of Statistics said Monday.
ECONOMISTS HAIL INDIAN BUDGET AS DEVELOPMENT-ORIENTED
NEW DELHI, March 1 Asia Pulse - The Budget has largely been
hailed as development-oriented by conomists but they raised
doubts whether Government would be able to meet its tax revenue
target.
B B Bhattacharya of the IEG lauded P Chidambaram's Budget
CHINA'S TRANSPORT, TELECOM'S ADDED-VALUE UP 14.9% IN 2004
BEIJING, March 1 Asia Pulse - The added-value of China's
transport and telecom reached 777.7 billion yuan (US$94
billion) in 2004, up 14.9 per cent than 2003, according to a
report of the National Statistics Bureau released Monday.
The report said the turnover of transported goods reached
JAPAN'S CMK TO RAISE CAPACITIES IN CHINA
TOKYO, March 1 Asia Pulse - CMK Corp. (TSE:6958) plans to
spend up to 10 billion yen (US$95.5 million) on capital
investment in the year through March 2006, which will be a
20-30 per cent increase from the current fiscal year.
The majority of the investments will be made to boost
LIVEDOOR HAS CASH TO BUY TOP STAKE IN NIPPON BROADCASTING
TOKYO, March 1 Asia Pulse - Livedoor Co. (TSE:4753) is
apparently financially capable of boosting its interest in
Nippon Broadcasting System Inc. (TSE:4660) by nearly 20 per
cent, which would fulfill its goal of raising its total stake
in the radio broadcaster to more than 50 per cent.
MANILA-BATANGAS ROAD GETS PHILIPPINE GOVT FUNDING
BATANGAS CITY, March 1 Asia Pulse - President Gloria
Macapagal-Arroyo on Monday vowed to pursue and expedite the
construction of a new road from Manila to the port of Batangas
to spur the economy.
The President made the move to match the fresh P1.3-billion
S. KOREAN CARMAKERS LAUNCH AGGRESSIVE MARKETING IN EUROPE
SEOUL, March 1 Asia Pulse - South Korean auto firms are
launching aggressive marketing in Europe this year with the
introduction of new models and upgraded sales targets,
industrial sources said Tuesday.
Kia Motors Corp. (KSE:00270), South Korea's second-largest
AUSTRALIAN INFRA FUND GAINS US$158 MLN STAKE IN NEW AIRPORT FUND
MELBOURNE, March 1 Asia Pulse - Australian Infrastructure
Fund Ltd (AIF) (ASX:AIX) is looking to expand its investments
in international airports in Europe, North America and Asia
after acquiring a $A200 million ($US158.14 million) stake in
four airports through a new airport fund.
CHINA'S FOREX WATCHDOG TO SUPPORT FIRMS LOOKING TO "GO GLOBAL"
BEIJING, March 1 Asia Pulse - China's foreign exchange
regulator pledged yesterday to do more to support domestic
firms' overseas investment strategies.
The State Administration of Foreign Exchange (SAFE) said it
will launch a new classification system for the management of
AUSTRALIAN BEEF EXPORTERS TO FACE RENEWED COMPETITION
CANBERRA, March 1 Asia Pulse - Australia's beef producers
face tougher times as they lose market share in Japan to North
American exporters, the nation's chief commodities forecaster
said today.
The prediction is based on the assumed re-entry to Japan
AUSTRALIA'S GOLDEN CIRCLE SECURES FINANCIAL LIFELINE
BRISBANE, March 1 Asia Pulse - Battling Queensland fruit
processing icon Golden Circle has been offered a financial
lifeline.
Golden Circle has been labouring under a A$25 million
(US$19.7 million) loan from National Australia Bank (ASX:NAB),
QANTAS COY ON REDUNDANCY PLANS
SYDNEY, March 1 Asia Pulse - Qantas Airways (ASX:QAN) said
today there was no definitive figure for possible redundancies
as a result of its ongoing and extensive restructuring across
all areas of the company.
Chief executive Geoff Dixon said Qantas, like all airlines,
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