AsiaPulse News articles from February 2001

AsiaPulse News archives from February 2001

AUSTRALIAN FINANCE/INFRASTRUCTURE STOCKS TO BENEFIT FROM RATE CUT.
February 1, 2001... BRISBANE, Feb 1 AAP - Financial and infrastructure stocks are expected to be among the Australian bourse's most resilient investments as central banks around the world move to cut interest rates, according to Macquarie Research Equities. ...

JAPAN GOVT TENDER - VENTILATOR (5).
February 1, 2001... ***** ASIA PULSE TENDER ***** NATIONAL SANATORIUM TSURUGA HOSPITAL TO PROCURE VENTILATOR The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1) Official in charge of...

JAPAN GOVT TENDER - VENTILATOR (11).
February 1, 2001... *** Asia Pulse Tender *** NATIONAL SANATORIUM SAISHUNSO HOSPITAL TO PROCURE VENTILATOR The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1) Official in charge of disbursement...

ADULTSHOP.COM RELEASES CASH FLOW STATEMENT FOR Q1 2000/2001.
February 1, 2001... (Full text of a statement. Contact details below.) PERTH, Jan 31 MediaNet International-AsiaNet - AdultShop.com Limited, Australia's first truly global adult 'e-tailer', today announced receipts from customers of AU$7.101 million for the...

BRIEFING - ASIA ECONOMIC NEWS - FEB 1, 2001.
February 1, 2001... An executive briefing on the economies of Asia for Feb 1, 2001, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities. PHILIPPINE PRESIDENT...

KOREAN CARMAKERS CAUGHT IN LABELING FALSE INFO ON ENGINE OUTPUT.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - The Construction and Transportation Ministry on Thursday ordered the country's three major automakers to correct their alleged practice of falsely labeling engine output for their car products. The ministry will...

JAPAN GOVT TENDER - VENTILATOR (6).
February 1, 2001... ***** ASIA PULSE TENDER ***** NATIONAL SANATORIUM HYOGO-CHUO HOSPITAL TO PROCURE VENTILATOR The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1) Official in charge of...

AUSTRALIA'S AMCOM TELECOM EXPECTS TO ACHIEVE FORECASTS.
February 1, 2001... SYDNEY, Feb 1 Asia Pulse - Amcom Telecommunications Ltd (ASX:AMM) has said it is confident of achieving its 2001 earnings forecasts despite posting a first half EBITDA (earnings before interest, tax, depreciation and amortisation) loss of...

PHILIPPINES/OTHER ASEAN NATIONS SHOULD ENGAGE A RISING CHINA: EXPERT.
February 1, 2001... MANILA, Feb 1 Asia Pulse - The rise of China as an economic and military power in the Asia Pacific region does not have to be a cause of alarm for the Philippines and other member-countries of the Association of Southeast Asian Nations (ASEAN)....

PETROCHINA FACES CHALLENGES OVER NEXT DECADE.
February 1, 2001... BEIJING, Feb 1 Asia Pulse - The China Oil and Gas Company Ltd (PetroChina) has pinpointed the following major challenges it will face over the next five to ten years: -- Business development. As one of the world's ten major oil...

PHILIPPINE AUTHORITY CONDUCTS REGIONAL ECONOMIC SURVEY.
February 1, 2001... ZAMBOANGA CITY, Feb 1 Asia Pulse - The National Economic and Development Authority (NEDA) regional office IX is currently conducting a Rapid Appriasal of the Regional Economy (RARE) survey in the region. NEDA Regional Information Officer...

AUSTRALIA'S CABCHARGE BUYS JV TAXI CIRCUITS IN SCOTLAND.
February 1, 2001... SYDNEY, Feb 1 Asia Pulse - Taxi payment service operator Cabcharge Ltd (ASX:CAB) has announced further expanded its Cabcharge system in Scotland with the joint venture acquisition of two taxi circuits in Edinburgh. Cabcharge's Singaporean...

JAPAN GOVT TENDER - VENTILATOR (12).
February 1, 2001... *** Asia Pulse Tender *** NATIONAL KUMAMOTOMINAMI HOSPITAL TO PROCURE VENTILATOR The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1) Official in charge of disbursement of the...

CELLPHONE SUBSCRIBERS EXCEED LANDLINE USERS IN PHILIPPINES' CENTRAL VISAYAS.
February 1, 2001... CEBU CITY, Feb 1 Asia Pulse - The use of cellular phones that may have started out as a fad among teenagers, such use of the cellular phones is now becoming a big time business for telephone companies. As of December 2000, the number of...

INDIA'S SHAWWALLACE TO HIRE McKINSEY TO DRAFT GLOBAL PLAN.
February 1, 2001... KOLKATA, Feb 1 Asia Pulse - Liquor major Shaw Wallace & Company has announced plans to engage international consultancy firm McKinsey to help draft a global strategy. The executive director of the company, Komal Chhabria Wazir said while...

SHARES IN AUSTRALIA'S ONE.TEL DROP ON H1 LOSS.
February 1, 2001... SYDNEY, Feb 1 Asia Pulse - After it reported 65 per cent greater first half operating losses of $A129 million ($US70.38 million), shares in the Murdoch-Packer backed One.Tel Ltd (ASX:ONE) dropped another two cents. The junior telecom...

JAPAN GOVT TENDER - VENTILATOR (2).
February 1, 2001... ***** ASIA PULSE TENDER ***** NATIONAL OSAKA HOSPITAL TO PROCURE VENTILATOR The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1) Official in charge of disbursement of the...

CHINA TO SPEND US$4.23 BLN ON POWER GRID UPGRADES IN 2001d.
February 1, 2001... BEIJING, Feb 1 Asia Pulse - China's State Power Corporation will spend 35 billion yuan (US$4.23 billion) on building and transforming 241 urban power grids this year. It will build 85 per cent of its urban power grid projects, and complete...

SHANGHAI WAS CHINA'S TOP ELECTRICITY CONSUMER IN 2000.
February 1, 2001... BEIJING, Feb 1 Asia Pulse - Shanghai consumed the most electricity of any other region in the country in 2000, at 54.8 billion kwh, averaging 4,172 kilowatt-hours per capita. According to the latest statistics, the installed capacity of...

CHINA OPENS NEW PESTICIDE PREPARATION CENTREd.
February 1, 2001... BEIJING, Feb 1 Asia Pulse - The Chinese government has opened a state-level Pesticide Preparation Center in Southern China. One of the key state projects for the 1996-2000 period, the project is aimed at developing efficient, safe and...

JAPAN GOVT TENDER - VENTILATOR (7).
February 1, 2001... ***** ASIA PULSE TENDER ***** NATIONAL TOKUSHIMA HOSPITAL TO PROCURE VENTILATOR The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1) Official in charge of disbursement of the...

JAPAN GOVT TENDER - MONITORING SYSTEM (2).
February 1, 2001... *** Asia Pulse Tender *** MUSASHI HOSPITAL NATIONAL CENTER OF NEUROLOGY AND PSYCHIATRY TO PROCURE MONITORING SYSTEM The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1)...

S&P ASSIGNS 'A-' RATING TO SUN HUNG KAI PROPERTIES INSURANCE LTD.
February 1, 2001... HONG KONG, Feb 1 Asia Pulse - Standard & Poor's (S&P) today assigned its single-'A'-minus insurer financial strength rating to Sun Hung Kai Properties Insurance Ltd. (SHKPI), a wholly owned subsidiary of (A/Stable/--). The rating on SHKPI...

ASIA4SALE.COM AUCTION SUBSIDIARY TO HOLD LIVE TWO-DAY AUCTION.
February 1, 2001... (Full text of a statement. Contact details below.) DUBAI, UAE, Jan. 31 /PRNewswire Asia-AsiaNet/ -- Asia4Sale.com Inc.'s (OTC Bulletin Board: AFSI) heavy equipment auction subsidiary, World Wide Auctioneers Inc. (WWA), is preparing for...

STOCKS - JAKARTA SHARES END HIGHER - FEB 1, 2001.
February 1, 2001... JAKARTA, Feb 1 Asia Pulse - Share prices closed 1.17 per cent higher today, dealers said. Jakarta stock exchange composite index rose 4.967 points (+1.17 per cent) to close at 430.581, while LQ45 index edged up 1.367 points (+1.60 per...

INDONESIA'S PT ANEKA TAMBANG SAYS SALES UP 61.8 PCT IN 2000.
February 1, 2001... JAKARTA, Feb 1 Asia Pulse - Publicly listed state-owned mining company PT Aneka Tambang (Antam) chalked up a 61.8 per cent rise in total sales to Rp1.56 trillion (US$173.4 million) last year. Corporate secretary Dohar Siregar said its...

JAPAN GOVT TENDER - VENTILATOR (8).
February 1, 2001... ***** ASIA PULSE TENDER ***** NATIONAL EHIME HOSPITAL TO PROCURE VENTILATOR The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1) Official in charge of disbursement of the...

ASIAN MARKETS - SHARES CLOSE BROADLY LOWER - FEB 1, 2001.
February 1, 2001... A round-up of Asian stock markets for Feb 1, 2001, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. SYDNEY, Feb 1 Asia Pulse - Asian...

PHILIPPINES ADDRESSES WHAT TO DO WITH ESTRADA'S STOLEN WEALTH.
February 1, 2001... MANILA, Feb 1 Asia Pulse - Philippines Congress should pass new legislation on how to spend the estimated P15 billion (US$307.69 million) hidden by impeached President Estrada in 15 banks, said Rep. Ernesto Herrera (Lakas, Bohol). "Once...

JAPAN GOVT TENDER - X-RAY SYSTEM.
February 1, 2001... *** Asia Pulse Tender *** KOHNODAI HOSPITAL NATIONAL CENTER OF NEUROLOGY AND PSYCHIATRY TO PROCURE X-RAY SYSTEM AND OTHERS The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: ...

INDONESIAN AIRLINE COS FREE TO SET TARIFFS.
February 1, 2001... JAKARTA, Feb 1 Asia Pulse - Airline companies are free to set their own air transport fares for domestic flights as long as the make them public, said The Indonesian National Air Carrier Association (INACA). INACA secretary general Ridwan...

SINGTEL TO ENHANCE NETWORK DIVERSITY IN 300 BUILDINGS.
February 1, 2001... SINGAPORE, Feb 1 Asia Pulse - SingTel will spend S$30 million in a project to upgrade the network infrastructure in buildings located mainly within the Central Business District, Orchard Road and Science and Technology Parks. SingTel said...

JAPAN GOVT TENDER - VENTILATOR (3).
February 1, 2001... ***** ASIA PULSE TENDER ***** NATIONAL HIMEJI HOSPITAL TO PROCURE VENTILATOR The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1) Official in charge of disbursement of the...

JAPAN GOVT TENDER - VENTILATOR (9).
February 1, 2001... *** Asia Pulse Tender *** NATIONAL KUMAMOTO HOSPITAL TO PROCURE VENTILATOR The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1) Official in charge of disbursement of the...

PHILIPPINES NEGROS ORIENTAL SAW BUMPER CROPS IN 2000.
February 1, 2001... DUMAGUETE CITY, Feb 1 Asia Pulse - Negros Oriental province reaped bumper harvests of major staple and high value crops including palay, corn, mangos and cut flowers in 2000, said governor George P. Arnaiz . Arnaiz said that the positive...

STOCKS - DSE OPENS DOWN - FEB 1, 2001.
February 1, 2001... NEW DELHI, Feb 1 Asia Pulse - New Delhi share prices declined for the second straight session to open lower today after profit-taking and a decline in buying activity. Bucking the trend, cement stocks remained in positive territory on...

STOCKS - BSE OPENS LOWER - FEB 1, 2001.
February 1, 2001... MUMBAI, Feb 1 Asia Pulse - Share prices on the Bombay Stock Exchange (BSE) opened weaker this morning to mixed selling and speculative buying in early trade. The BSE Sensitive Index opened down at 4303.13 as against yesterday's close of...

S KOREAN CAR SALES DOWN IN JANUARY.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - The domestic sales of cars declined for the sixth straight month in January due to fewer working days and economic slow down, industry sources said Thursday. The four major carmakers -- Hyundai, Kia,...

NEW PHILIPPINES PRESIDENT ISSUES DIRECTIVES ON HOUSING NEEDS.
February 1, 2001... MANILA, Feb 1 Asia Pulse - Newly inaugurated President Gloria Macapagal Arroyo has address the housing crisis in the country with series of new directives. During her first public consultation with the poor at the National Government...

AUSTRALIA'S OPSM RESHUFFLES MANAGEMENT TEAM.
February 1, 2001... SYDNEY, Feb 1 Asia Pulse - Optical health and safety group OPSM Protector Ltd (ASX:OPS) today announced a reshuffle of its management team, promoting chief financial officer Alan Boyle to chief information officer. Former Pfizer Inc...

LUZON EXPORTERS TO OPEN OUTLETS IN CEBU.
February 1, 2001... CEBU CITY, Feb 1 Asia Pulse - After a successful product testing here, two Luzon-based manufacturing companies have decided to establish their presence in the area. Likas Burdang Lumbang and MERR-C Embroideries, two of the 80 exhibitors at...

JAPAN GOVT TENDER - VENTILATOR (4).
February 1, 2001... ***** ASIA PULSE TENDER ***** NATIONAL KOBE HOSPITAL TO PROCURE VENTILATOR The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1) Official in charge of disbursement of the...

CHINA TO INVEST US$4.8 BLN IN EXPRESSWAYS IN FUJIAN.
February 1, 2001... FUZHOU, Feb 1 Asia Pulse - Fujian Province in east China plans to spend more than 40 billion yuan (US$4.84 billion) in building expressways in the 2001-2005 period. Earmarked for this year will be 6.5 billion yuan. Upon completion, the...

JAPAN GOVT TENDER - VENTILATOR (10).
February 1, 2001... *** Asia Pulse Tender *** KAWATANA NATIONAL HOSPITAL TO PROCURE VENTILATOR The following is a procurement notice published in the Kanpo Japanese government gazette on Jan 18: (1) Official in charge of disbursement of the...

KOREAN AIR REPORTS DROP IN ORDINARY PROFIT DESPITE SALES GROWTH.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - Korean Air said Thursday that its sales revenues last year rose 15.4 percent to 726.7 billion won (US$577 million). Its net and ordinary profits, however, fell 278 percent and 515 percent, resulting in a net loss...

PHILIPPINE NEWSPAPER HIGHLIGHTS - FEB 1, 2001.
February 1, 2001... MANILA, Feb 1 Asia Pulse - Highlights of today's newspapers: MALAYA - The dramatic but peaceful transition of governments changed business outlook from pessimistic to optimistic within a short span of one week according to a survey...

INNODATA PHILIPPINES PASSES QUALITY SYSTEMS AUDIT.
February 1, 2001... CEBU CITY, Feb 1 Asia Pulse - Innodata Philippines Inc-Cebu (Ipic) has passed an audit of its quality control system to by the SGS last week and will retain valid status. In a statement, Cherry Remoquillo, assistant vice president and head...

CONTACT WORLD OPENS US$6 MLN CALL CENTRE IN THE PHILIPPINES.
February 1, 2001... MANILA, Feb 1 Asia Pulse - New Philippines-Australian joint venture Contact World has officially opened its Manila operations at Wynsum Corporate Plaza in Pasig City. Contact World, a new concept in teleservices and call center...

MERGED SK MERCHANT BANKS ALLOWED TO DO WRAP ACCOUNT BUSINESS.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - The Financial Supervisory Service has said it will grant voluntarily-merged merchant banks permission to combine managed investments into wrap accounts if desired. Wrap accounts allow investors to spread their...

INTEL INTRODUCES LOW POWER MOBILE PC MICROPROCESSORS IN INDIA.
February 1, 2001... NEW DELHI, Feb 1 Asia Pulse - Intel Corporation has launched its new range of ultra-low power mobile PC microprocessors, designed for minimal power consumption and extended battery life for the mobile Personal Computers (PCs). "The new...

STOCKS - US DOLLAR DROPS TO 1,256.7 WON - FEB 1, 2001.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - The US dollar slipped below the 1,258-won support level to close lower against the won today. The dollar began the day at 1,259.50 won and finished the day at 1,256.70 won, down from 1,259 won at Wednesday's close....

HK'S FAR EAST CONSORTIUM COMPLETES ACQUISTION OF TWO HOTELS.
February 1, 2001... HONG KONG, Feb 1 Asia Pulse - Locally listed Far East Consortium International Limited (SEHK:0035) said it has completed the agreements made on October 24, 2000 relating to the acqusition of two hotels in Hong Kong. The company paid HK$338...

KOLAND HEAD TO VISIT N KOREA MID-FEB FOR INTER-KOREAN PROJECT.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - Kim Yong-chae, president of Korea Land Corp. (KOLAND), said Thursday he plans to visit Pyongyang in mid-February to sign a basic agreement with North Korea on the development of the projected industrial complex in the...

AUSTRALIA'S SDS CORP SIGNS DEAL WITH US CO HALLIBURTON.
February 1, 2001... PERTH, Feb 1 Asia Pulse - SDS Corporation Ltd (ASX:SDS) has sealed a dealer agreement for the distribution of its fluid hammer with American company, Halliburton Energy Services Inc, a business unit of New York-listed Halliburton Company Inc....

BUSINESS IN ASIA TODAY - FEB 1, 2001.
February 1, 2001... Business in Asia on Feb 1, 2001. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities: DROPPING DREAMCAST TO GENERATE LOSS OF US$687...

FOREX - AUSTRALIAN DOLLAR CLOSES UP - FEB 1, 2001.
February 1, 2001... SYDNEY, Feb 1 Asia Pulse - The Australian dollar closed higher today after the United States currency fell in reponse to an interest rate cut there. And Australian bond prices hit their highest levels in nearly two years, on fresh market...

FOREX - DOLLAR DOWN AT 116.25-116.28 YEN - FEB 1, 2001.
February 1, 2001... TOKYO, Feb 1 Asia Pulse - The U.S. dollar traded at 116.25-116.28 yen as of 5 p.m. Thursday, down 0.11.

JAPAN'S KDDI TO LOWER LONG-DISTANCE CALL RATES BY 20 PCT.
February 1, 2001... TOKYO, Feb 1 Asia Pulse - In a bid to compete with rival carriers, DDI Corp. (9433), known as KDDI, will lower inter-prefectural rates for calls to destinations over 60km away by up to 20 per cent from March 1, the company said. The...

JAPAN'S REVISED GDP EXPECTED TO SHOW NEGATIVE GROWTH.
February 1, 2001... TOKYO, Feb 1 Asia Pulse - The Cabinet Office said Thursday it will release on Feb. 8 revised gross domestic product figures for the July-September quarter. A preliminary report released in December showed that real GDP grew 1.0 per...

KOREAN GOVT INCREASES BUDGET FOR INVESTMENT IN SPACE TECHNOLOGY.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - The government decided Thursday to increase its budget for space technology investment to 128.5 billion won (US$101.9 million), up 56 percent from last year, the Planning and Budget Ministry said. The government...

FUTURE OF MITSUBISHI MOTORS AUSTRALIA MAY BE DECIDED NEXT FEW WEEKS.
February 1, 2001... ADELAIDE, Feb 1 Asia Pulse - The manufacturing future of Mitsubishi Motors Australia Ltd (MMAL) could be decided over the next few weeks. The giant DaimlerChrysler automotive group, which now controls Mitsubishi in Japan, plans to outline...

S KOREA'S TRADE SURPLUS HITS US$320 MLN IN JANUARY.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - The trade surplus in South Korea reached an estimated US$320 million in January, up $750 million on the year before, according to the Commerce, Industry and Energy Ministry. Exports increased 5 per cent in January...

BRIEFING - ASIA INFRASTRUCTURE - FEB 1, 2001.
February 1, 2001... An executive briefing on infrastructure for Feb 1, 2001, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. INDONESIAN CERAMIC CO...

BRIEFING - ASIA INSURANCE - FEB 1, 2001.
February 1, 2001... An executive briefing on insurance for Feb 1, 2001, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. AUSTRALIA'S NRMA TO LAUNCH ONLINE...

CHINA-SOUTHEAST ASIA CABLE TO CARRY COMMERCIAL TRAFFIC FEB 1, 2001.
February 1, 2001... SINGAPORE, Feb 1 Asia Pulse - SingTel and five other regional telecommunications carriers have built the first overland cable linking China, Vietnam, Laos, Thailand, Malaysia and Singapore. The China-Southeast Asia Cable spanning 7,000 km...

AUSTRALIAN DERIVATIVES EXCHANGE TO START TRADING OPTIONS.
February 1, 2001... SYDNEY, Feb 1 Asia Pulse - The new Australian Derivatives Exchange (ADX) will start trading options on its three initial futures contracts Friday as part of efforts to build liquidity. The contracts are the three month interest rates, five...

S KOREAN GOVT TO KEEP PUSHING PUBLIC SECTOR REFORMS.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - The South Korean government would persist in its efforts to reform the public sector after the conclusion of its first wave by the end of this month, said Planning and Budget Minister Jeon Yun-churl. Speaking at a...

PROFILE - INDONESIA'S PT RAMAYANA LESTARI SENTOSA TBK (FEB 2001).
February 1, 2001... ******************************************************** A PROFILE OF INDONESIA'S PT RAMAYANA LESTARI SENTOSA TBK PREPARED BY ASIA PULSE ANALYSTS (UPDATED FEB 2001) ******************************************************** ...

DEPOSITS UP 0.7 PCT IN HK IN DECEMBER.
February 1, 2001... HONG KONG, Feb 1 Asia Pulse - Total deposits rose by 0.7 per cent across-the-board in December, with Hong Kong dollar, US dollar and non-US dollar foreign currency deposits all increasing, the Hong Kong Monetary Authority (HKMA) said. Hong...

AUSTRALIAN LAMB PRODUCTION DROPS IN DECEMBER.
February 1, 2001... CANBERRA, Feb 1 Asia Pulse - Around 1.5 million lambs were slaughtered in Australia in December, down 100,000 from the previous month to make the fifth consecutive monthly drop in production, according to new figures from the Australian Bureau...

STOCKS - JAKARTA SHARES DOWN AT NOON - FEB 1, 2001.
February 1, 2001... JAKARTA, Feb 1 Asia Pulse - Share prices closed the morning session 0.49 per cent lower, dealers said. The Jakarta Stock Exchange composite index droped 2.092 points (-0.49 per cent) to close at 423.522, while LQ45 index edged down 0.282...

AUSTRALIAN MILK CONSUMERS NOT BENEFITTING FROM DEREGULATION:AMPA.
February 1, 2001... CANBERRA, Feb 1 Asia Pulse - Consumers had yet to see significantly cheaper milk prices from the dairy deregulation that has ripped $A2 billion ($US1.09 billion) out of regional Australia, the Australian Milk Producers Association (AMPA) said....

CREDITOR BANKS TO BACK UP HYUNDAI CONSTRUCTION'S OVERSEAS WORK.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - The government is in the process of providing guarantees to back up Hyundai Engineering and Construction Co.'s overseas projects, a high-ranking official of the Financial Supervisory Commission said Thursday. He...

INDONESIA'S COMPUTER DISTRIBUTOR POSTS INCREASE IN PROFIT.
February 1, 2001... JAKARTA, Feb 1 Asia Pulse - Last year a net profit of Rp40.2 billion (US$4.44 million) was reported by Computer distributor PT Multipolar. This was a rise of 308 per cent from the year before. Company president Ketut Budi Wijaya said the...

STOCKS - KOREAN SHARES CLOSE LOWER - FEB 1, 2001.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - Share prices on the Korea Stock Exchange closed lower Thursday despite the U.S. Federal Reserve's action to cut a key interest rate. The Korea Composite Stock Price Index (KOSPI) shed 5.61 points, or 0.91 percent,...

PHILIPPINE PRESIDENT TOLD COUNTRY REGAINS INVESTORS' CONFIDENCE.
February 1, 2001... MANILA, Feb 1 Asia Pulse - President Gloria Macapagal-Arroyo was informed Wednesday by former President Fidel V. Ramos that her assumption to the presidency has raised investors' confidence in the Philippines. In a courtesy call in...

CHEIL JEDANG'S LYSINE EXPORTS TO EUROPE TO INCREASE SHARPLY.
February 1, 2001... SEOUL, Feb 1 Asia Pulse - Cheil Jedang stands to benefit greatly from mad cow disease fears in Europe, because the scare has greatly increased demands for its animal growth catalyst, Lysine. The company said Thursday the price of the...

S&P MAKES CHANGES TO AUSTRALIAN BOURSE'S S&P/ASX INDICES.
February 1, 2001... SYDNEY, Feb 1 Asia Pulse - Standard & Poor's announced two changes to its S&P/ASX indices today effective from the close of business on February 7. Australian Hospital Care Ltd will be removed from the S&P/ASX 300 and Share Price Indices...

FOUR INDONESIAN BANKS HAVE CAPITAL ADEQUACY RATIO BELOW LIMIT.
February 1, 2001... JAKARTA, Feb 1 Asia Pulse - There are four Indonesian banks having capital adequacy ratio (CAR) below the minimum limit of 4 per cent for this year, a senior official of Bank Indonesia, said Director for Supervision Siti Fajriah said the...

AUSTRALIA'S HERON TO SUPPLY NICKEL HYDEROXIDE TO WMC REFINERY.
February 1, 2001... PERTH, Feb 1 Asia Pulse - Preliminary discussions have begun between Heron Resources Ltd (ASX:HRR) and WMC Ltd (ASX:WMC) concerning the supply of a nickel hydroxide product to WMC Ltd's Kwinana nickel refinery. The Kwinana refinery...

AUSTRALIA'S AMADEUS TO DEVELOP PROJECTS WITH HONEYWELL.
February 1, 2001... PERTH, Feb 1 Asia Pulse - A strategic alliance has been formed between Amadeus Petroleum NL (ASX:AMU) and New York-listed Honeywell Industrial Controls to jointly evaluate and develop energy-related projects in Western Australia. The deal...

AUSTRALIA'S TRYSOFT SHARES FALL 15 %.
February 1, 2001... BRISBANE, Feb 1 Asia Pulse - After revealing it would post significantly lower profits for the first half of the year, shares in information services group Trysoft Corp Ltd fell nearly 15 per cent. The company said that based on management...

INDONESIAN BANK SETS HIGHER PROFIT TARGET FOR 2001.
February 1, 2001... JAKARTA, Feb 1 Asia Pulse - Bank Central Asia (BCA) has set a new profit target of Rp1.85 trillion (US$205.5 million) this year, up from its last year's profit of Rp1.66 trillion. B.E Setijoso, the president of the bank, now controlled by...

SHAW WALLACE TO HIRE MCKINSEY TO DRAW UP GLOBAL STRATEGY.
February 1, 2001... KOLKATA (Eastern Metropolis), Feb 1 Asia Pulse - Liquor major Shaw Wallace & Company will hire renowned international consultancy firm McKinsey to chalk out a global strategy, the executive director of the company, Komal Chhabria Wazir, said...