AsiaPulse News articles from May 2004

AsiaPulse News archives from May 2004

FOREX - AUSTRALIAN DOLLAR OPENS STRONGER - MAY 3, 2004.
May 3, 2004... SYDNEY, May 3 Asia Pulse - The Australian dollar opened stronger today, recovering from last week's lows, after the United States dollar fell slightly against the euro on Friday night. At 0700 AEST the local currency was trading at...

AUSTRALIAN NEWSPAPER HIGHLIGHTS - MAY 3, 2004.
May 3, 2004... SYDNEY, May 3 Asia Pulse - Highlights of today's newspapers: THE DAILY TELEGRAPH - The Australian engineer killed in Saudi Arabia was shot dead by Islamic terrorists who worked undercover with him; Brad Fittler to quit rugby league....

ORICA POSTS HIGHER 1H NET PROFIT OF $US87MLN.
May 3, 2004... SYDNEY, May 3 Asia Pulse - Orica, an Australian chemical and fertilizer company, has announced a first half net profit of $A122.2 million ($US87.97 million). The firm today said it expected earnings momentum to continue into the second...

AUSTRALIAN MANUFACTURING ACTIVITY HOLDS STEADY.
May 3, 2004... SYDNEY, May 3 Asia Pulse - Australian manufacturing activity for April has remained steady, due to improvements in food and beverages and continuing strong demand for commodities, an economic index showed. The Australian Industry (AI) Group...

WEAKER DEMAND CAUSES SLOWDOWN IN AUSTRALIAN 1Q GROWTH.
May 3, 2004... SYDNEY, May 3 Asia Pulse - A mild slowdown occurred in Australia's economic growth during the March quarter, according to new economic data. Weaker domestic demand offset by a further improvement in net exports were mainf actors. The...

NUMBER OF AUSTRALIAN BUILDING JOB VACANCIES FALLS.
May 3, 2004... MELBOURNE, May 2 Asia Pulse - The number of jobs advertised for the building and construction industry fell by more than 11 per cent in April. Fears of rising interest rates took their toll, the Olivier Recruitment Group said today. ...

AUSTRALIAN BOURSE FUTURE LINKED TO ASIA: CHAIRMAN.
May 3, 2004... MELBOURNE, May 3 Asia Pulse - The future of the Australian Stock Exchange Ltd (ASX:ASX) is linked more closely to Asia than the United States, and will remain vulnerable to direction in China, ASX chairman Maurice Newman has said. "For us...

AUSTRALIA TO EXPORT SEAFOOD TO DUBAI.
May 3, 2004... CANBERRA, May 3 Asia Pulse - Under a new project to boost Australian exports to Asia, Australian seafood will be gracing the plates of diners in Dubai's five-star hotels and restaurants. Agriculture Minister Warren Truss was in Dubai to...

AUSTRALIAN DRUG FIRM MAYNE ACQUIRES GERMAN FIRM.
May 3, 2004... SYDNEY, May 3 Asia Pulse - Mayne Group Ltd (ASX:MAY), an Australian pharmaceutical operation, has acquired for 25 million euro ($US29.95 million) German pharmaceutical manufacturing business Wasserburger Arzneimittelwerk Dr Madaus GmbH. ...

KOREAN AUTO FIRMS CUT DOMESTIC SALES TARGETS.
May 3, 2004... SEOUL, May 3 Asia Pulse - South Korean carmakers are revising down their domestic sales targets for 2004 due to slumping consumption, industry sources said Sunday. At the start of the year, No. 1 Hyundai Motor and four other companies set...

KOREA'S TRADE WITH CHILE JUMPS AFTER FREE TRADE PACT.
May 3, 2004... SEOUL, May 3 Asia Pulse - South Korea's trade with Chile has been rising fast since the implementation of a bilateral free trade agreement in April, officials said Sunday. South Korea's exports to Chile jumped 55.6 per cent on-year to...

S. KOREA'S APRIL EXPORTS HIT RECORD HIGH.
May 3, 2004... SEOUL, May 3 Asia Pulse - South Korea's exports in April jumped 38 per cent year-on-year to a record US$21.7 billion, extending the country's trade surplus for the 13th month in a row, new government figures show. The record exports...

TAIWAN SEMICONDUCTOR REPORTS 17PCT RISE IN NET INCOME.
May 3, 2004... (The full text of this statement can be found at www.asianetnews.net.) HSIN-CHU, April 30 Xinhua-PRNewswire-AsiaNet - The Taiwan Semiconductor Manufacturing Company, Ltd. said today that it expects 2004 will set new records for revenue and...

HUTCHISON WHAMPOA SET TO ORDER CELL PHONES FROM LG.
May 3, 2004... SEOUL, May 3 Asia Pulse - Hutchison Whampoa (HKSE:2528), Hong Kong's largest business group, is expected to buy about US$1 billion worth of mobile phones from LG Electronics Co. (KSE:066570), a senior government official said Sunday. ...

STOCKS - AUSTRALIAN INDEX SLIPS AT OPEN - MAY 3, 2004.
May 3, 2004... MELBOURNE, May 3 Asia Pulse - The Australian sharemarket slipped into negative territory, reflecting the weaker performance on Wall Street last Friday. By 1015 AEST the benchmark S&P/ASX 200 index was down by 18.4 points to 3382.4 and the...

CHUNGHWA TELECOM TAIWAN'S TOP PROFIT EARNER.
May 3, 2004... TAIPEI, May 3 Asia Pulse - The state-owned Chunghwa Telecom Co. was Taiwan's most lucrative company last year, earning NT$48.49 billion ($US1.45 billion) in net profits after tax, according to the results of a survey conducted by CommonWealth...

LONG-TERM OUTLOOK FOR TAIWAN BOURSE POSITIVE.
May 3, 2004... TAIPEI, May 3 Asia Pulse - The mid- and long-term outlook for Taiwan's stock market remains positive, despite the plunge in recent days which has sparked concerns among local investors, according to executives at foreign investment...

TAIWAN, JAPAN SIGN PACT TO INCREASE AIR TIES.
May 3, 2004... TAIPEI, May 3 Asia Pulse - Diplomatic authorities from Taiwan and Japan signed a pact Friday to increase the number of Japanese cities included in Taiwan-Japan bilateral weekly flight services, according to a report by the Ministry of Foreign...

STOCKS - KOREAN SHARES OPEN FIRMER - MAY 3, 2004.
May 3, 2004... SEOUL, May 3 Asia Pulse - The KOSPI opened at 863.03, up 0.19 points. (Yonhap) 03-05 1111

STOCKS - KOREA'S KOSDAQ OPENS WEAKER - MAY 3, 2004.
May 3, 2004... SEOUL, May 3 Asia Pulse - The KOSDAQ opened at 450.46, down 3.01 points. (Yonhap) 03-05 1113

KOREA MAKES LARGEST INTELLECTUAL PROPERTY PAYMENT.
May 3, 2004... SEOUL, May 3 Asia Pulse - South Korea paid over US$1 billion for the rights to use overseas intellectual properties in the first quarter this year, the highest figure ever on a quarterly basis, the Bank of Korea (BOK) said Monday. The...

FOREX - US DOLLAR BEGINS STRONGER VS KOREAN WON - MAY 3, 2004.
May 3, 2004... SEOUL, May 3 Asia Pulse - The US dollar opened at 1,175.00 won, up from 1173.30 won. (Yonhap) 03-05 1121

MONTHLY RISE IN S. KOREA'S CONSUMER PRICES HALTS IN APRIL.
May 3, 2004... SEOUL, May 3 Asia Pulse - Recent gains made in South Korea's consumer prices were halted at zero per cent in April compared to the month before as agricultural and public service charges declined, a government report said Monday. The...

PYONGYANG UNLIKELY TO BE ADMITTED TO ADB SOON: BANK PRESIDENT.
May 3, 2004... MANILA, May 3 Asia Pulse - North Korea is unlikely to join the Asian Development Bank (ADB) for the time being due to opposition from the United States and Japan, the bank's top official said Sunday. "North Korea wants to join the ADB, but...

OVERLAND TRANSPORT OF AID TO N. KOREA LIKELY THIS WEEK.
May 3, 2004... SEOUL, May 3 Asia Pulse - Construction equipment and building materials from South Korea for recuperation of the area affected by last week's train explosion in North Korea are likely to be sent by land this week, government officials said...

ADVISORY - PUBLIC HOLIDAYS IN JAPAN - MAY 3-5, 2004.
May 3, 2004... TOKYO, May 3 Asia Pulse - This is to advise subscribers that Japan's financial markets will be closed on May 3-5 for Golden Week Holidays. ASIA PULSE 03-05 1130

KOREA'S DLP TO REQUEST HALT TO SALE OF DAEWOO HEAVY INDUSTRIES.
May 3, 2004... SEOUL, May 3 Asia Pulse - South Korea's progressive Democratic Labor Party (DLP) plans to request the government Monday to suspend the sale of Daewoo Heavy Industries & Machinery Co. (KSE:42670), sources said Sunday. The Korea Asset...

MEXICO LUKEWARM ON POSSIBLE FTA WITH S. KOREA: MINISTER.
May 3, 2004... MEXICO CITY, May 3 Asia Pulse - A free trade agreement (FTA) between South Korea and Mexico is likely to be further delayed as the North American country has a lukewarm attitude toward Seoul's proposal on the bilateral pact, a visiting South...

KOREAN CARD FIRMS' DELINQUENCY RATE FALLS IN MARCH.
May 3, 2004... SEOUL, May 3 Asia Pulse - The delinquency rate at South Korea's seven credit card companies dropped nearly 3 per cent in March from the previous month thanks to their massive disposal of bad debts. The Financial Supervisory Service said...

DIVIDEND PAYMENTS ON DRS BY KOREAN FIRMS JUMP 25% IN 2003.
May 3, 2004... SEOUL, May 3 Asia Pulse - South Korean companies' payments of dividends on their overseas depositary receipts (DRs) surged 25 per cent in 2003 compared to the previous year, a securities custodian said. Twenty-three domestic companies paid...

N. KOREA, JAPAN MAY MEET BEFORE WORKING GROUP TALKS: REPORT.
May 3, 2004... TOKYO, May 3 Asia Pulse - The Japanese government plans to send a delegation to China soon for talks with North Korean officials over the communist state's abduction of Japanese citizens during the past few decades, a Japanese newspaper...

'CHINA SHOCK' SENDS TOP 10 GROUPS' MARKET VALUE TUMBLING ON KSE.
May 3, 2004... SEOUL, May 3 Asia Pulse - Stock prices of South Korea's top 10 groups took a beating last week from worries over a rate hike in China. The Korea Stock Exchange (KSE) said the total stock market capitalization of Samsung Group and nine other...

ONLY 3 OUT OF 10 KOREAN FIRMS AIM TO HIRE IN MAY, JUNE: SURVEY.
May 3, 2004... SEOUL, May 3 Asia Pulse - Only three out of every 10 South Korean firms plan to increase their workforces in May and June, a survey showed Sunday. The results indicate that the country's job market remains mired in a slump due to the...

S. KOREA'S WAGE LEVEL HIGHER THAN RIVALS IN 2003.
May 3, 2004... SEOUL, May 3 Asia Pulse - South Korea's wage level was much higher than those of Hong Kong and Taiwan in 2003, but it lagged far behind advanced countries' pay levels, the Bank of Korea said Sunday. Citing data by the International Labor...

KOREA'S SK CORP TO HOLD 1ST OVERSEAS IR SESSION OF THIS YR IN US.
May 3, 2004... SEOUL, May 3 Asia Pulse - SK Corp., South Korea's top refiner, said Sunday it will hold this year's first overseas investor relations session in the United States late this month. The road show will be held in New York and four other U.S....

MAJOR KOREAN NONLIFE INSURERS SET TO UP CAR INSURANCE PREMIUMS.
May 3, 2004... SEOUL, May 3 Asia Pulse - South Korea's major nonlife insurers plan to raise auto insurance premiums next month in desperate efforts to boost profits, industry sources said Sunday. The expected rate hike will come six months after the...

KOREAN NON-LIFE INSURERS PROFITS DROP 28% LAST YEAR.
May 3, 2004... SEOUL, May 3 Asia Pulse - Domestic non-life insurers saw their profits go down by an average of 28.2 per cent in fiscal 2003 ending in March this year, industry sources said Monday. South Korea's 11 property and casualty insurance firms...

S. KOREAN SHIPBUILDERS INVEST HEAVILY IN NEW-CONCEPT VESSELS.
May 3, 2004... SEOUL, May 3 Asia Pulse - Shipbuilders in South Korea are investing aggressively in the development of high-value-added niche models as a means to cope with an increasingly crowded market for conventional ships, industry analysts said today....

LG TELECOM LEADS GROWTH IN KOREA'S CELL-PHONE MARKET IN APRIL.
May 3, 2004... SEOUL, May 3 Asia Pulse - LG Telecom Ltd. (KOSDAQ:32640), South Korea's smallest mobile phone operator, gained market share from its biggest rival SK Telecom Co. (KSE:17670) in April as the number of mobile phone switchers increased, according...

SAMSUNG EXPANDS CELL-PHONE PARTS SHIPMENTS TO NOKIA, MOTOROLA.
May 3, 2004... SEOUL, May 3 Asia Pulse - South Korea's technology giants Samsung Electronics (KSE:05930) and Samsung SDI (KSE:06400) are expanding their shipments of cell-phone components to Nokia and Motorola, the world's No. 1 and No. 2 handset makers,...

MALAYSIAN NEWSPAPER HIGHLIGHTS - MAY 3, 2004.
May 3, 2004... KUALA LUMPUR, May 3 Asia Pulse - Highlights of today's newspapers: THE STAR: - IOI Properties Bhd sees its long-term exposure in the robust Puchong property market to be a strong growth factor for the group in the next eight years,...

BUSINESS WIRE ASIAN BRIEFING - APRIL 30, 2004.
May 3, 2004... A summary of Asian news releases for April 30, 2004, compiled by AsiaWire (http://www.asiawire.info), Asia Pacific Regional Reciprocal Office of Business Wire (http://www.businesswire.com), the global leader in news distribution. For full...

RESERVE BANK OF INDIA ISSUES GUIDELINES ON ACCOUNTING STANDARDS.
May 3, 2004... MUMBAI, May 3 Asia Pulse - The Reserve Bank of India has issued guidelines on accounting standards to be followed by banks for discontinuing operations and impaired assets. Merger or closure of branches of banks by transferring assets or...

AEROFLOT SELECTS SABRESONIC AS NEW GENERATION RESERVATION SOLUTION.
May 3, 2004... (Full text of statement. Contact details below.) SYDNEY, May 3 /MediaNet International-AsiaNet/ -- New advanced technology suite to propel state of travel in Russia Aeroflot Russian Airlines announced that it has signed a contract...

INDIA'S MMTC BOOKS RECORD TURNOVER.
May 3, 2004... NEW DELHI, May 3 Asia Pulse - State-owned Minerals and Metals Trading Corporation (MMTC) has exceeded Rs 100 billion (US$2.2 billion) in fiscal-year turnover for the first time since its inception, booking an on-year growth rate of 47 per cent....

CRANBERRIES SINGER WINS COURT CASE.
May 3, 2004... (Full text of statement. Contact details below.) DUBLIN, April 30 /PRNewswire-AsiaNet/ -- The Irish High Court awarded costs to the rock singer Dolores O'Riordan and husband Don Burton, in the failed lawsuit brought against the couple...

PEPSI-COLA AND FRITO-LAY RECEIVE SEC NOTIFICATION.
May 3, 2004... (Full text of statement. Contact details below.) PURCHASE, N.Y., April 30 /PRNewswire-AsiaNet/ -- PepsiCo announced today that its Pepsi-Cola and Frito-Lay divisions received notification from the staff of the U.S. Securities and...

NASDAQ COMMEMORATES CHINA'S INTERNATIONAL LABOR DAY.
May 3, 2004... (Full text of statement. Contact details below.) NEW YORK, April 30 /PRNewswire-AsiaNet/ -- What: NASDAQ will feature its Chinese listed companies on the MarketSite Tower in Times Square throughout Saturday, May 1, 2004 to commemorate...

NASDAQ COMMEMORATES JAPAN'S CONSTITUTION MEMORIAL DAY.
May 3, 2004... (Full text of statement. Contact details below.) NEW YORK, April 30 /PR Newswire-AsiaNet/ -- What: NASDAQ will feature most of its Japanese listed companies on the MarketSite Tower in Times Square throughout Monday, May 3, 2004 to...

DAEWOO CONSTRUCTION'S FIRST-QUARTER SALES TOP US$900 MLN.
May 3, 2004... SEOUL, May 3 Asia Pulse - Daewoo Engineering & Construction Co. (KSE:47040), South Korea's second-largest builder by capacity, said Monday it had 1.03 trillion won (US$900 million) in first-quarter sales because of highly profitable orders it...

THAI NEWSPAPER HIGHLIGHTS - MAY 3, 2004.
May 3, 2004... BANGKOK, May 3 Asia Pulse - Highlights of today's newspapers: THE BANGKOK POST: - Lying to get a job is more common than most people think. A recent survey by Reader's Digest of Asians' honesty showed that more than 40 per cent of...

STOCKS - SINGAPORE SHARES DOWN IN EARLY TRADE - MAY 3, 2004.
May 3, 2004... SINGAPORE, May 3 Asia Pulse - Singapore shares were lower in early trade, with the Straits Times Index down 5.24 points at 1836.79 at 10:30 a.m. ASIA PULSE 03-05 1248

US SEEKS TO DOWNPLAY OUTSOURCING.
May 3, 2004... NEW DELHI, May 3 Asia Pulse - The US on Friday sought to downplay the controversy regarding outsourcing and, with the US Presidential election results are unlikely to stop the flow of jobs to India and other developing countries where labour...

DAIMLERCHRYSLER PUTS OFF DECISION ON BREAKUP WITH HYUNDAI.
May 3, 2004... SEOUL, May 3 Asia Pulse - DaimlerChrysler's announcement of its breakup with Hyundai Motor Co. (KSE:05380), slated for Monday, has been postponed to next week, Hyundai officials said Monday. "DaimlerChrysler has delivered its decision to...

FANNIE MAE REDEMPTION.
May 3, 2004... (Full text of statement. Contact details below.) WASHINGTON, D.C., April 30 /PRNewswire-AsiaNet/ -- Fannie Mae (NYSE: FNM) will redeem the principal amount indicated of the following securities issues on the redemption date indicated...

STOCKS - MALAYSIAN SHARES DOWN IN EARLY TRADE - MAY 3, 2004.
May 3, 2004... KUALA LUMPUR, May 3 Asia Pulse - The Malaysian sharemarket was down 1.35 per cent in early trade due to profit taking. At 10:30 a.m., the Kuala Lumpur Stock Exchange Composite Index fell 11.51 points at 838.21. The broader Emas Index...

WB UN PROCUREMENT - INDIA, WATER SECTOR.
May 3, 2004... *** Asia Pulse Tender *** WORLD BANK UNITED NATIONS DEVELOPMENT BUSINESS SERVICE PROCUREMENTS - APRIL 2004 Country: India Project: MADHYA PRADESH WATER SECTOR RESTRUCTURING PROJECT Financing: World Bank Abstract:...

INTERNATIONAL BROADBAND INTERNET CONFERENCE OPENS IN SEOUL.
May 3, 2004... SEOUL, May 3 Asia Pulse - More than 1,200 industry representatives and technology experts from 65 countries gathered in the South Korean capital to share their views on the technical development of broadband Internet, the event's official...

PHILIPPINE NEWSPAPER HIGHLIGHTS - MAY 3, 2004.
May 3, 2004... MANILA, May 3 Asia Pulse - Highlights of today's newspapers: MANILA TIMES: - After offering banks the carrot, the Bangko Sentral ng Pilipinas is mulling the use of a soft stick to compel lenders to bring down the level of their...

ECONOMIC POLICY WON'T CHANGE VIS-A-VIS CHINA: KOREAN MINISTER.
May 3, 2004... SEOUL, May 3 Asia Pulse - The Chinese economy is expected to grow by 8 per cent, with domestic demand likely to remain robust, Finance and Economy Minister Lee Hun-jai said today. Speaking to reporters at the Gwacheon Government Complex,...

ADVISORY - PLSE IGNORE MALAYSIAN STOCK REPORT - KLSE CLOSED MAY 3, MAY 4 2004.
May 3, 2004... (May 3, 2004). It was transmitted in error. The Malaysian sharemarket is closed today (May 3, 2004) and tomorrow (May 4, 2004) for national holidays. Trading is expected to resume on May 5, 2004. ASIA PULSE 03-05 1309

TAIWANESE ECONOMIC PLANNER WANTS NEW FREE TRADE ZONE RULES.
May 3, 2004... TAIPEI, May 3 Asia Pulse - A top economic planner on Thursday urged the speedy revision of the regulations governing the management of the planned free trade harbor zone, saying that it will help upgrade its competitive edge. Ho Mei-yueh,...

S KOREAN GOVT TO OFFER TAX BREAKS TO FIRMS RETAINING WORKERS.
May 3, 2004... SEOUL, May 3 Asia Pulse - The government will offer tax breaks in the form of deductions for companies that opt for job sharing instead of laying off excess workers, the Ministry of Finance and Economy said Monday. The ministry's Tax and...

S. KOREAN ASSET TRUST MANAGEMENT TO INCLUDE PATENTS, COPYRIGHTS.
May 3, 2004... SEOUL, May 3 Asia Pulse - The government will expand the scope of the current asset trust management system to include patents and copyrights, the Ministry of Finance and Economy said today. The measures, to be included in a...

CITIGROUP ACQUIRES KORAM BANK.
May 3, 2004... SEOUL, May 3 Asia Pulse - Citigroup, the world's biggest financial service company, said Friday it has succeeded in its bid to take over KorAm Bank (KSE:016830), South Korea's seventh-largest lender. The U.S. financial giant secured 97.5...

CHAIRMAN OF S KOREA'S ULTRA CONSTRUCTION DIES OF ILLNESS.
May 3, 2004... SEOUL, May 3 Asia Pulse - Kang Seog-hwan, chairman of Ultra Construction & Engineering Co. (KSE:004320), a mid-sized South Korean construction firm, died of an illness Sunday. He was 58. Kang started a construction company in California in...

SOFT LANDING FOR CHINESE ECONOMY GOOD FOR TAIWAN: OFFICIAL.
May 3, 2004... TAIPEI, May 3 Asia Pulse - A soft landing for the mainland Chinese economy would be beneficial for the rest of the world, including Taiwan, which relies heavily on mainland China for its exports, a government official said Thursday. Ho...

TAIWAN COMPETITIVE IN TELE-HOME CARE MARKET: ITRI.
May 3, 2004... TAIPEI, May 3 Asia Pulse - With the popularity of medical care institutions and advanced information technology, Taiwan is quite competitive in the tele-home care market, a section chief of the Industrial Technology Research Institute said...

INDIA'S BAJAJ AUTO BOOKS 19% ON-YR RISE IN APRIL 2-WHEELER SALES.
May 3, 2004... MUMBAI, May 3 Asia Pulse - Bajaj Auto Ltd (BSE:BJAT) has clocked 19 per cent growth in two wheeler sales in April 2004, selling 105,247 units as compared to 88,749 units in April 2003. The company recorded a 22 per cent rise in two and...

ANALYSIS - CAN PHILIPPINE ECONOMY ABSORB ANOTHER WAGE HIKE?
May 3, 2004... MANILA, May 3 Asia Pulse - Since the Republic Act 6727 or the Wage Rationalization Act took effect in July 1989, the classic positions of the workers and the employers have not changed. The workers are demanding for a wage hike almost every...

INDIA'S LIC HINTS AT RISING INTEREST RATES.
May 3, 2004... NEW DELHI, May 3 Asia Pulse - Ahead of the Reserve Bank of India's (RBI) slack season credit and monetary policy, Life Insurance Corporation of India, one of the biggest players in the financial sector, Saturday said there were expectations...

INDIAN CELL PHONE USERS TO PAY HIGHER ROAMING FEES.
May 3, 2004... NEW DELHI, May 3 Asia Pulse - Millions of regular mobile users will have to shell out Rs 1.50 (US$0.03) more for each minute of usage of roaming facilities from Saturday, following hike in roaming charges by Airtel and some other companies. ...

INDIA'S FOREX RESERVES GROW BY US$287 MLN IN APRIL.
May 3, 2004... MUMBAI, May 3 Asia Pulse - India's foreign exchange reserves rose by US$287 million to reach US $117.87 billion for the week ended April 23. Foreign currency assets surged ahead by US$291 million to US$112.39 billion, according to the...

INDIAN GOVT TO RAISE US$2 BLN NEXT WEEK.
May 3, 2004... NEW DELHI, May 3 Asia Pulse - The Indian government is to raise Rs 60 billion (US$1.5 billion) through 12-year floating rate bonds and another Rs 30 billion through 24-year bonds next week. The floating rate bonds will carry a coupon rate...

CHINA CHECKS INVESTMENT PROJECTS.
May 3, 2004... BEIJING, May 3 Asia Pulse - Almost all kinds of investment projects in China including those of steel, aluminum and cement production as well as office building, golf course, urban railway, exhibition center and shopping mall construction are...

RESERVE BANK OF INDIA COMMITTEE CLEARS 80 ECB PROPOSALS IN MARCH.
May 3, 2004... MUMBAI, May 3 Asia Pulse - A Reserve Bank of India-empowered committee has cleared 80 external commercial borrowings (ECB) proposals aggregating over US$760 million, including that of the Indian Railway Finance Corporation and IDBI, in March....

STOCKS - AUSTRALIAN INDEX SOFTER TO NOON - MAY 3, 2004.
May 3, 2004... BRISBANE, May 3 Asia Pulse - The Australian share market was in negative territory at noon, following the downward trend set in the United States on Friday. By 1205 AEST, the benchmark S&P/ASX 200 index was down by 21.2 points to 3379.6...

JAPAN GOVT TENDER - COMPUTER HARDWARE.
May 3, 2004... *** ASIA PULSE TENDER *** SUPREME COURT, TOKYO TO PROCURE SETS OF HARDWARE AND OTHER RELATED DEVICES FOR AN ON-LINE COMPUTER SYSTEM FOR PAYMENT ORDERS AT SUMMARY COURTS The following procurement notice appeared in the Kanpo Japanese...

PAKISTAN COMMISSION MAY RAISE SIZE OF IPO OF PPL, KOT ADDU POWER.
May 3, 2004... KARACHI, May 3 Asia Pulse - The Privatization Commission is considering the proposal to increase the percentage of shares for the upcoming Initial Public Offering (IPO) of Pakistan Petroleum Limited (PPL) and Kot Addu Power Company (Kapco) to...

WB UN PROCUREMENT - AFGHANISTAN, PUBLIC ADMINISTRATION.
May 3, 2004... *** Asia Pulse Tender *** WORLD BANK UNITED NATIONS DEVELOPMENT BUSINESS SERVICE PROCUREMENTS - APRIL 2004 Country: Afghanistan Project: SECOND EMERGENCY PUBLIC ADMINISTRATION PROJECT Financing: World Bank Abstract:...

JAPAN GOVT TENDER - COMMUNICATION EQUIPMENT, SNOW PLOUGHS.
May 3, 2004... *** ASIA PULSE TENDER *** MINISTRY OF LAND, INFRASTRUCTURE AND TRANSPORT, HOKKAIDO TO PROCURE COMMUNICATION, DIGITAL TERMINAL EQUIPMENT AND SNOW PLOUGHS The following procurement notice appeared in the Kanpo Japanese government gazette...

WB UN PROCUREMENT - INDIA, HEALTH.
May 3, 2004... *** Asia Pulse Tender *** WORLD BANK UNITED NATIONS DEVELOPMENT BUSINESS SERVICE PROCUREMENTS - APRIL 2004 Country: India Project: MAHARASHTRA HEALTH SYSTEM DEVELOPMENT PROJECT Financing: World Bank Abstract:...

WB UN PROCUREMENT - INDIA, ROAD NETWORK.
May 3, 2004... *** Asia Pulse Tender *** WORLD BANK UNITED NATIONS DEVELOPMENT BUSINESS SERVICE PROCUREMENTS - APRIL 2004 Country: India Project: MUMBAI-URBAN TRANSPORT PROJECT Financing: World Bank Abstract: ROAD NETWORK...

WB UN PROCUREMENT - INDIA, HEALTH SYSTEM.
May 3, 2004... *** Asia Pulse Tender *** WORLD BANK UNITED NATIONS DEVELOPMENT BUSINESS SERVICE PROCUREMENTS - APRIL 2004 Country: India Project: MAHARASHTRA HEALTH SYSTEM DEVELOPMENT PROJECT Financing: World Bank Abstract: SUPPLY...