AsiaPulse News articles from November 2007

AsiaPulse News archives from November 2007

STAGING CONNECTIONS ACQUIRES UK LIGHTING GROUP.
November 1, 2007... SYDNEY, Nov 1 Asia Pulse - Events services company, Staging Connections Group Limited (ASX:STG), has acquired the UK-based Essential Lighting Group Limited for $A17 million ($US15.84 million) in cash. It's also acquired a 30 per cent...

WESTPAC BANKING CORP POSTS 12.4PCT RISE IN YEAR NET PROFIT.
November 1, 2007... SYDNEY, Nov 1 Asia Pulse - Australia's Westpac Banking Corp (ASX:WBC) has reported a 12.4 per cent rise in annual profit and says that demand for credit will remain high amid ongoing robust economic conditions. Australia's fourth-largest...

FOREX - AUSTRALIAN DOLLAR OPENS HIGHER - NOV 1, 2007.
November 1, 2007... SYDNEY, Nov 1 Asia Pulse - The Australian dollar has opened above 93 US cents for the first time since 1984, surging to a 23-year high after the US central bank announced an interest rate cut. The domestic currency is tipped to overtake 94...

AUSTRALIAN MANUFACTURING ACTIVITY RISES SLIGHTLY IN OCTOBER.
November 1, 2007... SYDNEY, Nov 1 Asia Pulse - Australian manufacturing activity posted a modest gain in October to expand for the 17th consecutive month. The Australian Industry Group-PricewaterhouseCoopers Australian Performance of Manufacturing Index...

AUSTRALIAN BOND MARKET OPENS WEAKER - NOV 1, 2007.
November 1, 2007... SYDNEY, Nov 1 Asia Pulse - The Australian bond market opened weaker today, despite a US interest rate cut overnight, as stronger data in the US and Australia boosted risk sentiment. Heightened expectations of an Australian interest rate...

ANNUAL AUSTRALASIAN EDUCATION EXHIBITION TO BE HELD IN SEOUL.
November 1, 2007... (Full text of a statement. Contact details below.) Western Australia Comes to Seoul PERTH, Nov. 1 Medianet International-AsiaNet - The annual Australia & New Zealand Education Exhibition will take place on 3-4 November at the COEX...

IT GLOBE INDIA JOINS AGI INTERNATIONAL PARTNER PROGRAM.
November 1, 2007... (Full text of a statement. Contact details below) ITGlobe India Joins AGI's International Partner Program EXTON, Pa., Oct. 31 PRNewswire-AsiaNet - AGI, the developer of commercially available analysis software for the national security...

AUSTRALIAN NEWSPAPER HIGHLIGHTS - NOV 1, 2007.
November 1, 2007... SYDNEY, Nov 1 Asia Pulse - Highlights of today's newspapers: FINANCIAL REVIEW: - The Coalition's attempts to seize the initiative on health is derailed by a series of gaffes by Health Minister Tony Abbott. - Business credit growth...

INDONESIA'S TIN INGOT EXPORTS DOWN 41% IN FIRST 8 MONTHS.
November 1, 2007... JAKARTA, Nov 1 Asia Pulse - Indonesia's tin ingot exports in the first eight months of 2007 dropped by 41.66 per cent to 51,222 tons from the 87,800 tons in the same period last year, a Central Bureau of Statistics (BPS) report said. "The...

SUB-PRIME CRISIS IS NOT YET OVER :STANDARD CHARTERED BANK.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - Claiming that the sub-prime crisis in the mortgage market has not affected the bank, Standard Chartered Bank chairman Mervyn Davies on Wednesday said the crisis was not yet over and it would take few months to tide...

INDIAN CARBON MKT MAY DOUBLE TO US$10 BLN IN 2 YRS.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - The booming carbon credit business in the country is likely to double to US$10 billion in the next two years, experts said. "We estimate the carbon credit market in India to rise to US$10 billion in the next...

TAIWANESE FIRM JOINS WATER TECHNOLOGY EXPO IN ISRAEL.
November 1, 2007... TEL AVIV, Israel, Nov 1 Asia Pulse - A Taiwanese firm is among over 80 groups from 60 countries that are participating in a water technology exposition that kicked off Tuesday in the Israeli capital of Tel Aviv. The expo, which will run...

FRANCE'S PUBLICIS TO ACQUIRE 51% STAKE IN INDIAN PR FIRM HANMER.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - French media communications firm Publicis Groupe will acquire 51 per cent stake in India's public relations consultancy company Hanmer and Partners (H&P) for an undisclosed sum. Following the acquisition, H&P...

INDIA'S DODSAL RESOURCES BAGS OIL & GAS BLOCK IN TANZANIA.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - India's Dodsal Resources has bagged an oil and gas exploration block in Tanzania. "Dodsal Hydrocarbons and Power (Tanzania) Pvt Ltd (a wholly-owned subsidiary of Dodsal Resources) has signed a Production...

TAIWAN HORTICULTURE EXPORTS SET TO TOP $US100MLN IN 2008.
November 1, 2007... TAIPEI, Nov 1 Asia Pulse - President Chen Shui-bian gave the thumbs-up to Taiwan's horticultural industry Wednesday, saying that with techniques continuing to advance, flower exports are expected to top US$100 million next year. Addressing...

TAIWAN STEELMAKERS TO TEAM UP ON GREENHOUSE GAS REDUCTION.
November 1, 2007... KAOHSIUNG, Nov 1 Asia Pulse - The China Steel Corp. [CSC) (TAIEX:2002) will hold a seminar Nov. 1-2 to allow people in the steelmaking industry to exchange technical expertise concerning the reduction of greenhouse gas emissions, a CSC...

CORBUS, RMSI IN NASSCOM'S LIST OF BEST INDIAN COS TO WORK FOR.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - Corbus India, RMSI and Hytech Professionals may be lesser known companies IT space compared to their peer group but they rank as the top three firms in Nasscom's 'Exciting Emerging Companies to Work for' list. ...

STOCKS - AUSTRALIAN SHARES OPEN HIGHER - NOV 1, 2007.
November 1, 2007... SYDNEY, Nov 1 Asia Pulse - An interest rate cut in the United States and climbing oil and metals prices have helped to push the Australian share market more than one per cent higher this morning. At 1015 AEST, the benchmark S&P/ASX200 index...

INDIA DETECTS FORBIDDEN CORPORATE, PAKISTANI MOBILE SIGNALS.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - Tbhe government has detected mobile signals of three Indian companies - Airtel (BSE:532454), BSNL and Aircel, and five Pakistani operators along the International Border (IB) in Jammu and Kashmir, where...

S. KOREAN NEWSPAPER HIGHLIGHTS - NOV 1, 2007.
November 1, 2007... SEOUL, Nov 1 Asia Pulse - Highlights of today's newspapers: VERNACULAR DAILIES -- Former Lee associate to be extradited from U.S. in mid-November (Kookmin Daily) -- Leading figures in S. Korean society have no ethics (Kyunghyang Shinmun)...

TAIWAN DROPS ONE NOTCH IN WEF GLOBAL COMPETITIVENESS SURVEY.
November 1, 2007... TAIPEI, Nov 1 Asia Pulse - Taiwan ranks 14th in the latest global competitiveness survey released by the Geneva-based World Economic Forum (WEF) Wednesday, one notch lower than its 2006 ranking. Among Asian countries, Taiwan ranks fifth in...

AUSTRALIA'S ADELAIDE AIRPORT POSTS US$4.5 MLN ANNUAL PROFIT.
November 1, 2007... ADELAIDE, Nov 1 Asia Pulse - Adelaide Airport posted a $A4.8 million ($US4.47 million) before tax profit in 2006/07 with a record number of passengers using it. The 6.3 million passengers who flew in or out of the airport in the 2006/07...

TAIWAN CABINET SETS UP PRICE STABLISATION MECHANISMS.
November 1, 2007... TAIPEI, Nov 1 Asia Pulse - Premier Chang Chun-hsiung put forward five contingency measures Wednesday, including setting up a price stabilization ad hoc task force, to cope with volatile inflation situations. At a regular Executive Yuan...

AUSTRALIA'S TELSTRA UPGRADES EARNINGS GUIDANCE.
November 1, 2007... SYDNEY, Nov 1 Asia Pulse - Telstra (ASX:TLS) has upgraded its earnings guidance for this year, as its transformation strategy to expand and upgrade its networks and systems begins to deliver results. Chief executive Sol Trujillo now sees...

AUSTRALIA'S NEWCREST EYES MERGER OPPORTUNITIES.
November 1, 2007... SYDNEY, Nov 1 Asia Pulse - Australian gold miner Newcrest Ltd (ASX:NCM) said it has been building up its capability to take on merger and acquisition opportunities. "In parallel to its ongoing commitment to grow through exploration, the...

INDIA'S DABUR GETS USFDA NOD FOR GENERIC DRUG IRINOTECAN.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - Oncology product manufacturer, Dabur Pharma Ltd (BSE:532545) on Wednesday said it has received the tentative approval of USFDA for the abbreviated new drug application (ANDA) to market the generic version of...

GSMA ANNOUNCES ASIA AWARDS NOMINEES.
November 1, 2007... (Full text of a statement. Contact details below.) MEDIA RELEASE PR28126 GSMA Announces Asia Awards Nominees LONDON, Oct. 31 /PRNewswire-AsiaNet/ -- - Winners to be announced at the Mobile Asia Congress in Macau The GSM...

EX AIRLINE BOSS WARNS CARRIERS ON FINANCIAL COMPLACENCY.
November 1, 2007... CANBERRA, Nov 1 Asia Pulse - Former airline chief Sir Rod Eddington has warned leading airlines not to be financially complacent. "The (aviation) industry has been cash flow negative... since the Wright Brothers," Sir Rod told an aviation...

IRAN, ITALY HOLD JOINT ECONOMIC SEMINAR.
November 1, 2007... ROME, Nov 1 Asia Pulse - Iran and Italy held a one-day economic seminar in Rome on Tuesday with an aim of introducing opportunities for expansion of mutual economic cooperation. In the seminar, Iranian Ambassador to Italy Abolfazl...

STOCKS - TOKYO SHARES OPEN HIGHER - NOV 1, 2007.
November 1, 2007... TOKYO, Nov 1 Asia Pulse - Tokyo shares opened higher on Thursday, with the benchmark Nikkei-225 index rising 77.25 points or 0.46 per cent to 16,814.88 in early trade. ASIA PULSE 01-11 1117

IRAN READY TO MEET BAHRAIN'S GAS NEEDS: ACTING FM.
November 1, 2007... TEHRAN, Nov 1 Asia Pulse - Acting Foreign Minister Ali-Reza Sheikh Attar said in Manama on Tuesday that Iran is ready to supply Bahrain with gas. Sheikh-Attar told Bahraini Foreign Minister Sheikh Khaled bin Ahmad bin Mohammed al-Khalifa...

THAI NEWSPAPER HIGHLIGHTS - NOV 1, 2007.
November 1, 2007... BANGKOK, Nov 1 Asia Pulse - Highlights of today's newspapers BANGKOK POST: - Economic growth picked up in the third quarter due to robust exports and a recovery in household consumption and private investment, according to the Bank of...

ONE BIDDER MAY OPT OUT OF STAKE SALE BY INDIA'S IFCI.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - IFCI Ltd (BSE:500106) on Wednesday said that one of the eight prospective bidders, who are in the race for 26 per cent stake in the financial institution, may opt out. "There are indications that one may drop...

LIMITED IMPACT ON TAIWAN ECONOMY EVEN IF OIL TOPS US$100: CEPD.
November 1, 2007... TAIPEI, Nov 1 Asia Pulse - Taiwan's economy would not be significantly impacted even if international oil prices surge to US$100 per barrel in November or December, Council for Economic Planning and Development (CEPD) Chairwoman Ho Mei-yueh...

ROH TO CONSIDER CONSTRUCTING NEW INT'L AIRPORT NEAR BUSAN.
November 1, 2007... SEOUL, Nov 1 Asia Pulse - South Korean President Roh Moo-hyun said Wednesday that his government will consider constructing a new international airport near Busan in the southeast to cope with the rapidly growing demand for air passenger and...

SOUTH KOREA'S GLOBAL COMPETITIVENESS RANKING SURGES IN 2007.
November 1, 2007... SEOUL, Nov 1 Asia Pulse - South Korea's global competitiveness ranking jumped 12 notches from last year to land in 11th place this year, spurred by improvements in corporate innovation, market efficiency and financial industry, a report by an...

SURGING GLOBAL CRUDE PRICES LIFT INDONESIA'S FOREX RESERVES.
November 1, 2007... JAKARTA, Nov 1 Asia Pulse - The current surge in global crude prices has had a positive impact on Indonesia's trade balance and foreign exchange reserves, a central bank (BI) official said. Foreign exchange reserves rose 2.6 per cent to...

SK ENERGY TO MERGE WITH AFFILIATE COMPANY NEXT YEAR.
November 1, 2007... SEOUL, Nov 1 Asia Pulse - SK Energy Co. (KSE:096770) said on Wednesday that it plans to merge with an affiliate oil company next year. The decision, reached at a board of directors meeting, is a follow-up to a September proposal to merge...

INDONESIAN GOVT SAYS IT WILL NOT RAISE SUBSIDIZED FUEL PRICES.
November 1, 2007... JAKARTA, Nov 1 Asia Pulse - Energy and Mineral Resources Minister Purnomo Yusgiantoro has assured that the Indonesian government will not raise the prices of subsidized fuel oils despite a surge in global crude prices. "So far, the...

CUPOLA PAKISTAN, DAEWOO TO OPEN KFC OUTLETS ON M-2 MOTORWAY.
November 1, 2007... LAHORE, Nov 1 Asia Pulse - Cupola Pakistan Limited and Daewoo Pakistan Motorway Service Limited here on Monday signed a strategic partnership to open KFC chains on the Lahore-Islamabad (M-2) Motorway. Cupola chief executive officer Rafiq...

US-EXIM BANK KEEN ON FINANCING MORE INDIAN PROJECTS.
November 1, 2007... MUMBAI, Nov 1 Asia Pulse - Export-Import bank of the USA, America's official export-credit agency, is keen on financing Indian companies to assist US-goods and services, a top EXIM official has said. "US-Exim can help in financing the sale...

20K OR NOT, STOCKS CHEAPER IN INDIA THAN CHINA.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - India has outsmarted China in getting its stock market benchmark surge past the 20,000-point milestone, but domestic stocks are still much cheaper than those in its rival emerging economy, indicating that foreign...

INDIAN APPAREL SUPPLIERS TO GAP DENY USE OF CHILD LABOUR.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - Indian suppliers to Gap, a US apparel retail chain, have informed the central government that they are not using child labour and their plants have been subjected to vigorous inspections by the overseas buyers. ...

CHINSURE INC DEBUTS ON NASDAQ.
November 1, 2007... BEIJING, Nov 1 Asia Pulse - Chinsure Inc (NASDAQ:CISG) will become China's first insurance broker to debut on the Nasdaq Wednesday, the China Securities Journal reported. Chinsure plans to issue 11.6 million American depositary shares...

NORWAY'S EDB PICKS UP 50.1% STAKE IN INDIA'S SPAN INFOTECH.
November 1, 2007... BANGALORE, Nov 1 Asia Pulse - Norwegian IT major EDB has acquired a 50.1 per cent stake in Bangalore-based SPAN Infotech India Pvt Ltd for US$3.8 million, the two companies said in a joint statement on Tuesday. EDB has over 4,600 employees...

INDIA'S TATA STEEL TO START WORK ON ORISSA PROJECT IN TWO MONTHS.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - Tata Steel (BSE:500470) is likely to start construction work on its greenfield steel project in Orissa within two months. "We have got necessary clearances. Work to rehabilitate more than 1,200 families have...

SHAREMARKET MAKES UP 30% OF CHINESE LISTED COS' JAN-SEPT PROFIT.(Financial report)
November 1, 2007... SHANGHAI, Nov 1 Asia Pulse - China's still bullish stock market contributed 170 billion yuan (US$22.75 billion) of investment profit to the country's listed companies in the first three quarters of the year, making up about 30 per cent of the...

CHINA'S BAOSTEEL SAYS NO CONCRETE ACQUISITION PLANS SO FAR.
November 1, 2007... SHANGHAI, Nov 1 Asia Pulse - Baosteel (SSX:600019) says it so far has no concrete acquisition plans though its plan of increasing capacity to 50 million ton per year by 2012 does entail mergers and acquisitions, a company official said on...

INDIAN FIRM HCL PARTNERS WITH MISYS TO PROVIDE BANKING SOLUTIONS.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - Software solutions provider HCL Technologies (BSE:532281) said it has entered into a partnership with global software firm Misys (FTSE: MSY) to jointly market the latter's banking products in India, Singapore and...

SHANGHAI GOLD EXCHANGE CUTS CHARGES TO BOOST TRADING.
November 1, 2007... SHANGHAI, Nov 1 Asia Pulse - Shanghai Gold Exchange announced on October 30 that it will cut commission charges on Au (T+D) trading to 0.04 per cent and that on other gold transaction contracts to 0.05 per cent to invigorate the market. ...

CHINA TO START WORK ON BEIJING-SHANGHAI HIGH-SPEED RAILWAY.
November 1, 2007... BEIJING, Nov 1 Asia Pulse - The State Council, China's cabinet, has set up a working group to lead construction of the Beijing-Shanghai high-speed railway, with vice premier Zeng Peiyan as its head, the State Council administrative office...

CHINA EXPECTS ANOTHER BUMPER HARVEST.
November 1, 2007... HARBIN, Nov 1 Asia Pulse - China is expecting grain output growth for the fourth consecutive year, an official with the State Grain Administration disclosed at a trade fair in Harbin on Tuesday. Attending the 2007 Heilongjiang Golden Autumn...

CHINA'S INSURANCE SECTOR GARNERS PREMIUM INCOME OF US$71 BLN.
November 1, 2007... BEIJING, Nov 1 Asia Pulse - Statistics released by the China Insurance Regulatory Commission on Tuesday show that in the first three quarters of 2007, China's insurance sector raked in a total premium income of 532.792 billion yuan (US$71.3...

CHINA'S LIQUIDITY MANAGEMENT SHOULD BE FLEXIBLE: CENTRAL BANKER.
November 1, 2007... BEIJING, Nov 1 Asia Pulse - China's liquidity management should be flexible enough to strike a subtle balance between reacting and overacting to crises, central bank governor Zhou Xiaochuan said on Tuesday at the 2007 Qinghua Global Management...

INDIA TO EXPORT RAW SUGAR TO KAZAKHSTAN.
November 1, 2007... NEW DELHI, Nov 1 Asia Pulse - India plans to export raw sugar to Kazakhstan as sugarcane growers and mills in the world's second-biggest producer of the sweetener face declining prices in the wake of record output. "Kazakhstan has...

RENAULT PRESIDENT GHOSN VISITS BAJAJ'S CHAKAN AUTO-PLANT.
November 1, 2007... MUMBAI, Nov 1 Asia Pulse - Exuding confidence on the success of the 'low-cost car' project with Bajaj (BSE:500490), Renault president and chief executive officer Carlos Ghosn has said the project will continue to advance in a favourable...

SOUTH KOREA'S HYNIX EYES CARBON DIOXIDE EMISSION TRADE MARKET.
November 1, 2007... SEOUL, Nov 1 Asia Pulse - Hynix Semiconductor Inc. (KSE:000660), the world's No. 2 computer memory-chip maker, said Thursday that it has signed a consulting deal with a local environment company to enter the burgeoning carbon dioxide emissions...

ADVISORY - PHILIPPINE STOCK EXCHANGE CLOSED - NOV 1, 2007.
November 1, 2007... MANILA, Nov 1 Asia Pulse - Please be advised that there will be no trading on the Philippine Stock Exchange today due to All Saints Day. ASIA PULSE 01-11 1206

JAPANESE NEWSPAPER HIGHLIGHTS - NOV 1, 2007.
November 1, 2007... TOKYO, Nov 1 Asia Pulse - Highlights of today's newspapers: NIKKEI NET: - Merger and acquisition advisory firm GCA Holdings Corp. (TSE:2126) will purchase U.S. investment bank Savvian LLC for an estimated 90 billion yen (US$779...

PHILIPPINE NEWSPAPER HIGHLIGHTS - NOV 1, 2007.
November 1, 2007... MANILA, Nov 1 Asia Pulse - Highlights of today's newspapers: MANILA TIMES: - The country's money supply grew at a slower pace for a fifth month in September, giving the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) more...

SOUTH KOREAN EXPORTS JUMP 24 PCT ON-YEAR IN OCTOBER.
November 1, 2007... SEOUL, Nov 1 Asia Pulse - South Korean exports climbed 24.2 percent on-year to US$34.7 billion in October fueled by strong overseas demand for general machinery, telecommunication equipment and autos, a government report showed Thursday. ...

INDONESIA'S PERTAMINA RAISES PRICE OF OILS FOR INDUSTRY.
November 1, 2007... JAKARTA, Nov 1 Asia Pulse - State-owned Indonesian oil company PT Pertamina will raise the price of non-subsidized oils for industry by between 2.9 and 6.4 per cent as of November 1. Under the decree of the company's director of marketing...

INSTITUTIONAL INVESTORS DIVIDED ON RAMPANT CHINESE STOCK INDEX.
November 1, 2007... SHANGHAI, Nov 1 Asia Pulse - As China's stock index remains at a "worryingly" high level, institutional investors' attitudes towards what positions they should maintain in the immediate future are becoming increasingly divided. As shown by...

JPMORGAN, CHEMOIL SIGN MEMORANDUM OF UNDERSTANDING.(Company overview)
November 1, 2007... (Full text of a statement. Contact details below.) (BW)(NY-JPMORGAN)(JPM) JPMorgan and Chemoil Sign Memorandum of Understanding Energy Editors SINGAPORE & NEW YORK (BUSINESS WIRE) Oct 31, 2007 - JPMorgan and Chemoil Energy Limited...

BANK OF CHINA POSTS 40% LEAP IN PROFITS IN FIRST NINE MONTHS.(Financial report)
November 1, 2007... BEIJING, Nov 1 Asia Pulse - The Bank of China (BOC) (SEHK:3988, SSX:601988), one of the country's "Big Four" state-owned commercial banks, said its after-tax profits rose by 40 per cent to 45.5 billion yuan (US$6.1 billion) in the first nine...

CHINA'S CRUDE STEEL OUTPUT SEEN TO REACH 480 MLN TONS IN 2007.
November 1, 2007... BEIJING, Nov 1 Asia Pulse - China Iron & Steel Association (CISA) forecasted that China's crude steel output in 2007 would reach 480 million tons, up 14 per cent compared with the previous year. Luo Bingsheng, executive vice chairman of the...

CHINA'S CURRENT ACCOUNT SURPLUS HITS US$162.9 BLN IN FIRST HALF.
November 1, 2007... BEIJING, Nov 1 Asia Pulse - China's current account surplus hit US$162.9 billion in the first half, up from about US$90 billion in the same period of last year, the State Administration of Foreign Exchange (SAFE) announced on Wednesday. ...

AUST CO. FLIGHT CENTRE EYES OVERSEAS EXPANSION VIA ACQUISITIONS.
November 1, 2007... SYDNEY, Nov 1 Asia Pulse - Travel agency network Flight Centre Ltd (ASX:FLT) says last year's momentum had continued into this financial year and that it expected to hit its target of 15 per cent growth in full year pre-tax profit. ...

CHINA TO RAISE PRICE OF GASOLINE, DIESEL OIL, AVIATION KEROSENE.
November 1, 2007... BEIJING, Nov 1 Asia Pulse - China will raise the prices of gasoline, diesel oil and aviation kerosene by 500 yuan (US$67) per ton, almost a 10 per cent rise, starting from November 1, the country's top economic planner announced on Wednesday....

PAKISTAN'S ECONOMIC REFORMS ARE SIGNIFICANT: WORLD BANK.
November 1, 2007... ISLAMABAD, Nov 1 Asia Pulse - The World Bank President Robert Zoellick said Pakistan's achievements in the economic sector are significant and the reforms process must continue, even after the elections. He was addressing a joint news...

PAKISTAN INTL. AIRLINES LAUNCHES REVENUE MANAGEMENT SYSTEM.
November 1, 2007... Karachi, Nov 1 Asia Pulse - Pakistan International Airlines (PIA), keeping abreast with the latest technological changes has announced the formal launch of a specialized automated Revenue Management System (RMS) to manage fares offered to...

CHINA'S LISTED COMPANIES SEE PROFITS SOAR 64 PCT IN JAN-SEPT.
November 1, 2007... BEIJING, Nov 1 Asia Pulse - The combined net profits of China's listed companies leapt 64.18 per cent year-on-year in the first three quarters of 2007, China Securities Journal, a newspaper run by Xinhua News Agency, reported on Wednesday. ...

SECOND PHASE OF PAKISTAN'S GWADAR PORT TO BE COMPLETED BY 2010.
November 1, 2007... QUETTA, Nov 1 Asia Pulse - Work on the second and final phase of Sino-Pak deep sea port at Gwadar in Pakistan, along the Arabian Sea, is expected to be completed by 2010 at an estimated cost of US$840 million, officials sources told PPI here....

TIME RIGHT FOR CHINESE BANKS TO EXPLORE SE ASIA MARKET: BANKER.
November 1, 2007... NANNING, Nov 1 Asia Pulse - It is time for Chinese banks to start launching businesses in Southeast Asia, given the fact that China's domestic banking sector was getting ready for the opening-up ASEAN market, a senior banker said at a business...

CHINESE CABINET APPROVES DRAFT LAW ON FOOD SAFETY.
November 1, 2007... BEIJING, Nov 1 Asia Pulse - In the wake of headline food scandals, China's cabinet on Wednesday approved in principle a draft law on food safety to address "weak points" in food production, processing, delivery, storage and sales. "Food...

PAKISTAN'S COMMERCIAL BANKS SEE PROFITS FIRM 15 PCT JAN-SEPT.
November 1, 2007... KARACHI, Nov 1 Asia Pulse - The financial results of Pakistan's listed commercial banks for January-September 2007, excluding the National Bank, showed a 15 per cent growth in overall profit. The State Bank in its annual report said the...

ALMOST 30% OF CHINA'S UNIVERSITY GRADUATES YET TO FIND WORK.
November 1, 2007... BEIJING, Nov 1 Asia Pulse - Almost 30 per cent of this year's university graduates had failed to find a job by the end of September, a spokesman for the Chinese Ministry of Education said Wednesday. Five million students graduated this...

KANG-KOREA ALCOHOL NOMINEES DEFEATED AT DONG-A PHARMA EGM.
November 1, 2007... (Full text of a statement. Contact details below.) (BW)(DONG-A-PHARMACEUTICAL)(KSE:000640) Kang-Korea Alcohol Nominees Overwhelmingly Defeated at Dong-A Pharmaceutical (KSE:000640) EGM Pharmaceutical Writers/Business Editors SEOUL,...

NUMBER OF BEIJING PUBLIC TRANSPORT COMMUTERS OVERTAKES CAR USERS.
November 1, 2007... BEIJING, Nov 1 Asia Pulse - Commuters using public transport now outnumber those using private cars, according to the Beijing Municipal Committee of Communications. The latest figures from the committee on Wednesday show 34.5 per cent...

INDIA'S SATYAM TO OPERATE & SUPPORT SWISS CO'S GLOBAL SAP SYSTEM.
November 1, 2007... HYDERABAD, Nov 1 Asia Pulse - IT major Satyam Computer Services Ltd (BSE:500376) has announced that Basel, Switzerland-based Ciba Speciality Chemicals has selected Satyam to help operate a single, global SAP system to support its business...

PAKISTAN TELECOMMUNICATIONS CO POSTS US$237 MLN REVENUE Q1.(Financial report)
November 1, 2007... ISLAMABAD, Nov 1 Asia Pulse - Pakistan Telecommunication Company Ltd (PTCL) Tuesday claimed that it has earned total revenue of Rs 14.4 billion (US$237 million), showing a robust performance, in the first quarter of the current fiscal. A...

TATA CO. TRIL FORMS JV WITH JAFZA FOR 7 LOGISTIC PARKS IN INDIA.
November 1, 2007... MUMBAI, Nov 1 Asia Pulse - Tata Sons wholly-owned subsidiary Tata Realty and Infrastructure (TRIL) has entered into an equal joint venture partnership with Dubai-based Jafza International to set up seven logistics parks in India. Economic...

STOCKS - MALAYSIAN SHARES HIGHER IN EARLY TRADE - NOV 1, 2007.
November 1, 2007... KUALA LUMPUR, Nov 1 Asia Pulse - The Malaysian sharemarket was up 0.6 per cent in early trade, with the Kuala Lumpur Stock Exchange Composite Index rising 8.53 points at 1,422.18 at 9:32 a.m. ASIA PULSE 01-11 1303

STOCKS - SINGAPORE SHARES UP IN EARLY TRADE - NOV 1, 2007.
November 1, 2007... SINGAPORE, Nov 1 Asia Pulse - Singapore shares were higher in early trade, with the Straits Times Index up 33.63 points at 3,839.33 at 10:04 a.m. ASIA PULSE 01-11 1306