AsiaPulse News articles from September 2001

AsiaPulse News archives from September 2001

INDIA'S UTI BANK TO OFFER 30-33% STAKE TO PRIVATE EQUITY FIRMS.
September 1, 2001... NEW DELHI, Sept 1 Asia Pulse - UTI Bank is planning to offer a 30-33 per cent stake to private equity players during this fiscal year. It has also kept its options open for the possible inclusion of a strategic partner or a merger with...

CITIBANK INDIA OFFERS NEW INSURANCE BENEFITS TO CARDHOLDERS.
September 1, 2001... NEW DELHI, Sept 1 Asia Pulse - CitiBank has announced its new "Citibank Suraksha" scheme, which offers twin insurance benefits to its card members - credit shield from Tata AIG and personal accident insurance from Royal Sundaram Alliance. ...

IRANIAN NEWSPAPER HIGHLIGHTS - SEPT 1, 2001.
September 1, 2001... TEHRAN, Sept 1 Asia Pulse - Highlights of today's newspapers: IRAN DAILY - Palestinian Leader Yasser Arafat urged a UN conference on racism Friday to "stand by us, to stand by justice, by international legitimacy which is now being...

AUSTRALIAN DEMAND FOR EXECUTIVES FALLS 25% IN 6 MONTHS.
September 2, 2001... SYDNEY, Sept 2 Asia Pulse - A sruvey has found a 25 per cent drop in demand for executives in the past six months as Australian firms have become nervous about a US recession and a looming federal election. Executive search firm EL...

PHILIPPINE GOVT ALLOCATES US$1.13 BLN ON CRITICAL INFRASTRUCTURE.
September 2, 2001... MANILA, Sept 2 Asia Pulse - The national government intends to spend P57.3-billion (US$1.13 billion) next year on building critical public infrastructure projects. Senate Majority Leader Loren Legarda said the amount, contained in the...

PHILIPPINES' EARNS US$1.99 BLN FROM 33 PROJECTS IN CLARK ECO ZONE.
September 2, 2001... CLARK SPECIAL ECONOMIC ZONE, Sept 2 Asia Pulse - The government has generated additional revenues of P101.6 billion (US$1.99 billion) from 33 new investment projects in this special economic zone during the first half of the year. The...

US ENVOY URGES INCREASED IP RIGHTS IN PHILIPPINES.
September 2, 2001... CEBU CITY, Sept 2 Asia Pulse - A senior US Embassy official warned the Philippines will not succeeded in its aim to become the information technology hub of Asia if it does not tighten its implementation of the Intellectual Property Rights...

PHILIPPINE PRESIDENT TO VISIT JAPAN ON SPEAKING ENGAGEMENT.
September 2, 2001... MANILA, Sept 2 Asia Pulse - President Gloria Macapagal-Arroyo today clarified that she will be going to Japan this September on a speaking engagement, not a state visit. In her regular press conference in Malacanang, the President said she...

FOREX - US DOLLAR UNCHANGED AGAINST RUPEE- SEP 3, 2001.
September 3, 2001... FOREX - US DOLLAR UNCHANGED AGAINST RUPEE- SEP 3, 2001 $all $in $stx pticloser MUMBAI, Sept 3 Asia Pulse - The U.S. Dollar ended unchanged against the rupee at Rs 47.1350/1400 per dollar but the pound sterling turned cheaper at Rs 68.62/64 per...

STOCKS - BSE CLOSES DOWN - SEP 3, 2001.
September 3, 2001... STOCKS - BSE CLOSES DOWN - SEP 3, 2001 $all $in $stx pticloser MUMBAI, Sep 3 Asia Pulse - Led by IT bellwether Infosys Tech, technology stocks lost further ground and pushed the sensex down by another 18 points at close in restricted activity...

STOCKS - DSE CLOSES UP - SEP 3, 2001.
September 3, 2001... STOCKS - DSE CLOSES UP - SEP 3, 2001 $all $in $stx pticloser NEW DELHI, Sep 3 Asia Pulse - A moderate recovery in Reliance Ind. and a few other old economy stock prices, pushed up the DSE index by 3.28 points at 845.64 in thin trading volumes...

OPEN - ASIA PULSE INTERNATIONAL - SEPT 3, 2001.
September 3, 2001... Good Morning. This is the Asia Pulse International service of business intelligence, news, tenders and expert commentary on the economies of Asia provided by Asia Pulse Pte Ltd (Asia Pulse). Asia Pulse reserves all rights including...

AUSTRALIAN NEWSPAPER HIGHLIGHTS - SEPT 3, 2001.
September 3, 2001... SYDNEY, Sept 3 Asia Pulse - Highlights of today's newspapers: THE DAILY TELEGRAPH: - Boat refugees to be send to Papua New Guinea aboard an Australian battle ship as early as today. - 11-year-old girl finds three cousins dead in...

FOREX - AUSTRALIAN DOLLAR DRIFTS LOWER - SEPT 3, 2001.
September 3, 2001... SYDNEY, Sept 3 Asia Pulse - The Australian dollar drifted off over the weekend with dealers looking for a consolidation ahead of possible further moves higher. At 0700 AEST the Australian dollar was trading at $US0.5278/83 from...

CROSSWAVE SETS NEW CHARGES FOR CARRIERS IN JAPAN.
September 3, 2001... (Full text of this release can be found at http://www.asianet.com.au) TOKYO, Aug. 31 PRNewswire Asia-AsiaNet - Crosswave Communications Inc. (Nasdaq: CWCI) ("Crosswave") will set new charges for users of the local access lines of the...

NORTH KOREA PROPOSES URGENT TQALKS WITH SOUTH.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - North Korea on has proposed an early resumption of talks with South Korea, making a turning point in the months-long stalled inter-Korean relations. Rim Dong-ok, vice-chairman of the committee for the peaceful...

US, JAPANESE AUTO SECTOR OFFICIALS TO VISIT SEOUL.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - U.S. and Japanese delegations will visit Seoul later this month and October, respectively, for consultation on purchasing domestic auto components, the Korea Trade-Investment Promotion Agency (KOTRA) said. The...

S KOREAN SMALL BUSINESS CORP TO SEND FEMALE TEAM TO JAPAN.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - The Small Business Corporation (SBC) has said it will send a 15-member female entrepreneur delegation to Japan today to open up new markets there. The delegation, headed by Kim Hyon-sook, vice chairperson of the...

SHINHAN BANK, SUBSIDIARIES LAUNCH FINANCIAL HOLDING CO.
September 3, 2001... SEOUL, Sep. 3 Asia Pulse - South Korea's Shinhan Bank and five other affiliated financial institutions launched a financial holding company here at the weekend. Prior to the launch ceremony, the Shinhan Financial Holding Co.'s board of...

SEOUL BANK TO CUT HOUSEHOLD LOAN INTEREST RATES.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - The Seoul Bank has said it will cut its household mortgage rate by three-quarters of a point to 9 percent per year, effective from Sept. 14. Borrowers will be free to select their interest payment schedule from...

HANVIT BANK OBTAINS NET BANKING CLEARANCE FROM UK.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - South Korea's Hanvit Bank has said it has obtained authentification concerning information security for its Internet banking system from the British Standards Institute (BSI). Hanvit said it is the first Korean...

FINLAND SET TO OFFER ENERGY TECHNOLOGY TO INDIA.
September 3, 2001... NEW DELHI, Sept 3 Asia Pulse - Finland has said it can offer specific technology to India for efficient energy production, transmission and end-use. "Finland can offer specific technology for energy efficiency in energy production,...

KOREAN NEWSPAPER HIGHLIGHTS - SEPT 3, 2001.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - Highlights of today's newspapers: DONG-A ILBO - North Korea offers to reopen talks with South Korea - Ruling coalition partners fail to narrow differences over no-confidence vote on unification minister...

EVEREADY INDIA SET TO RESTRUCTURE DEBTS.
September 3, 2001... KOLKATA, Sep 3 Asia Pulse - Eveready Industries India Limited (EIIL) has said it will restructure its debts and approach financial institutions and banks to reduce interest rates on various types of loans. "We will approach the...

INDO-JAPAN IT SUMMIT IN TOKYO TUESDAY.
September 3, 2001... NEW DELHI, Sep 3 Asia Pulse - Facilitating high-level interaction between Japan and India, an IT summit and IT eminent Persons's meet between the two nations will be held in Tokyo on September 4. Japan-India IT summit will be the first...

INDIAN UNI SIGNS DRUG RESEARCH CONTRACT WITH UK UNI.
September 3, 2001... CHENNAI, Sept 3 Asia Pulse - India's Anna University, located here in Chennai, and the University of Strathclyde, Glasgow, UK, have signed an MoU to pursue common research interests in drug discovery, pharmaceuticals and agrochemicals. The...

INDIA'S WILLIAMSON MAGOR & CO TO SEEK ROYALTY FROM EVEREADY.
September 3, 2001... KOLKATA, Sep 3 Asia Pulse - B M Khaitan Group company Williamson Magor & Co Limited (BSE:WILM) said today it would seek royalty charges from associate company Eveready Industries Ltd (BSE:ERDY) for using the company's logo on exported tea. ...

INDIA'S RANBAXY RECEIVES US FDA APPROVAL FOR LORAZEPAM TABLETS.
September 3, 2001... NEW DELHI, Sep 3 Asia Pulse - Ranbaxy Pharmaceuticals , a wholly owned subsidiary of Ranbaxy Laboratories (BSE:RANB), said Saturday it had received approval from the US Food and Drug Administration (FDA) for its Lorazepam tablets USP 0.5 mg,...

RIVAL CAMPS EXPRESS VARIED RESPONSES ON N.KOREAN PROPOSAL.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - The ruling and opposition camps on Sunday revealed different attitudes toward North Korea's proposal of an early resumption of the stalled inter-Korean talks made in the afternoon. Chong Wa Dae first welcomed the...

GOODMAN FIELDER SET TO REPORT FULL YEAR LOSS.
September 3, 2001... SYDNEY, Sept 3 Asia Pulse - Goodman Fielder Ltd (ASX: GMF), Australia's biggest food company, is set to report a full year loss this week, as it takes a one-off $A150 million ($US78.89 million) hit to cover restructuring costs. The food...

AUSTRALIA'S WOOLWORTHS SET TO CHALLENGE NEWCOMER PICK 'N PAY.
September 3, 2001... SYDNEY, Sept 3 Asia Pulse - Major grocery chain Woolworths Ltd (ASX: WOW) has issued a price challenge to new supermarket entrant Pick'n'Pay, and said Woolworths may even overtake market leader Coles Myer Ltd (ASX:CML) within two years. ...

STOCKS - KOREAN MARKET UP ON DOW JONES RISE- SEPT 3, 2001.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - Shares on the Korea Stock Exchange (KSE) edged upward in early morning trading Monday following a slight rise on Wall Street late last week. Construction issues fueled the climb, despite economic uncertainties...

ACCOUNTING SOFTWARE CO MYOB REPORTS 6MTH NET LOSS.
September 3, 2001... SYDNEY, Sept 3 Asia Pulse - Accounting software development company MYOB Ltd (ASX: MYO) expects to run at an operating loss of about $A1 million ($US525,900) for the 2001 year, the business said today. The firm this morning reported a...

KOREAN BIZ DEBT DOWN, BUT NUMBER OF TEETERING FIRMS GROWS.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - Listed companies generally improved their financial structure, but an increasing number of companies have debts reaching dangerous levels, according to the Korea Stock Exchange Monday. At the end of June,...

JAPANESE MORNING NEWSPAPER HIGHLIGHTS - SEPT 3, 2001.
September 3, 2001... TOKYO, Sept 3 Asia Pulse - Highlights of the morning edition of the Nihon Keizai Shimbun (Nikkei) today: - Govt Plans To Open 10,000 Nursing Homes Without Subsidies - Orix, Toppan Printing To Launch Online Nursing Care B2B - Govt...

[0] PAKISTAN NEWSPAPER HIGHLIGHTS - SEPT 3, 2001.
September 3, 2001... KARACHI, Highlights of today's newspapers: DAWN - Iraq accused of firing at Saudi forces - Palestinian leader escapes bid on life - Envoy to work with Indians in US - Political violence on the rise in Bangladesh THE...

ECONOMISTS PAINT BRIGHT PICTURE OF AUSTRALIAN GROWTH.
September 3, 2001... SYDNEY, Sept 3 Asia Pulse - Economists are painting a very bright picture of Australia's national growth in the June quarter. The growth was underpinned by consumer spending and retail sales. The AAP economic indicator for August shows...

HONG KONG NEWSPAPER HIGHLIGHTS - SEPT 3, 2001.
September 3, 2001... HONG KONG, Sept 3 Asia Pulse - Highlights of today's newspapers: THE SOUTH CHINA MORNING POST - A battle has broken out for Hong Kong's lucrative public-transport advertising market, with infotainment service provider Mobile Media...

NIKKEI WEEKLY HIGHLIGHTS - SEPT 3, 2001.
September 3, 2001... TOKYO, Sept 3 Asia Pulse - Major headlines from the September 3 issue of the Nikkei Weekly: FRONT: - Race is on to reap benefits of new pension system - Calls for action intensify as stocks sag, job cuts soar - Readers seeking...

HITACHI TO HALVE CHIP OUTLAYS, EXPAND STORAGE BUSINESS: CHIEF.
September 3, 2001... TOKYO, Sep 3 Asia Pulse - Hitachi Ltd. (TSE:6501) will rebuild itself through job cuts and lower capital spending, and by expanding its data storage business, company president Etsuhiko Shoyama told reporters. "We will aim to strengthen...

JAPAN'S DENTSU INC TO SPONSOR MARKETING RESEARCH IN CHINA.
September 3, 2001... BEIJING, Sept 3 Asia Pulse - Dentsu Inc. has said it will initiate a Japan-China Marketing Research Exchange Project with China's Education Ministry, Beijing University and five other major universities. The project will study advertising...

NATIONAL AUSTRALIA BANK FORESHADOWS US WRITEDOWN.
September 3, 2001... MELBOURNE, Sept 3 Asia Pulse - The National Australia Bank Ltd (ASX: NAB) has foreshadowed another big writedown on its US mortgage unit HomeSide Lending Inc - this time to the value of $US1.75 billion ($A3.05 billion). The bank has...

PRODUCTION FACILITIES OF TAIWAN'S IC FOUNDRIES LYING IDLE: CEPD.
September 3, 2001... TAIPEI, Sept 3 Asia Pulse - The production utility rate of Taiwan's semiconductor foundries this year is estimated at only 54 per cent of their manufacturing capability, as compared with 97 per cent last year, according to a report by the...

KOREA'S EXPORTS TO 10 LARGEST MARKETS SET TO FALL IN H2.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - The export outlook for the country's 10 largest overseas markets continues to grow grim in the second half, according to a report compiled by the Korea Trade-Investment Agency (KOTRA) Monday. The agency said...

PASMINCO FACES SALE OF THREE AUSTRALIAN SMELTERS.
September 3, 2001... SYDNEY, Sept 3 Asia Pulse - Pasminco Ltd (ASX: PAS), the embattled zinc group, is reportedly facing the sale or closure of its three Australian zinc and lead smelters. The Australian Financial Review reported today that Pasminco had...

TAIWAN'S INVESTMENT ENVIRONMENT NO. 5 GLOBALLY: BERI REPORT.
September 3, 2001... TAIPEI, Sept 3 Asia Pulse - The Ministry of Economic Affairs announced Friday that Business Environment Risk Intelligence (BERI) has again ranked Taiwan as the fifth best investment environment in the world in its most recent assessment report....

AUSTRALIAN MAGNESIUM CORP TO REVISE MINE FUNDING PACKAGE.
September 3, 2001... BRISBANE, Sept 3 Asia Pulse - An announcement has been delayed by the Australian Magnesium Corporation Ltd (ASX: ANM) on a revised funding package for its $A1.7 billion ($US894.03 million) Stanwell magnesium project in central Queensland. ...

HYNIX' FINANCIAL TROUBLES A LOSE-LOSE GAME: SECURITIES FIRMS.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - South Korea's financial markets are likely to face a setback regardless of whether Hynix Semiconductor Inc. creditors bail out the debt-ridden company or places it under court receivership, securities sources said...

INDIA'S HINDUJAS GROUP WITHDRAWS FROM AIRLINE TUSSLE.
September 3, 2001... NEW DELHI, Sept 3 Asia Pulse - Without waiting for the government's verdict on qualification of its bids, Hindujas has withdrawn from the race to grab control of both Air India and Indian Airlines. "The government is prejudging the issue...

THAI NEWSPAPER HIGHLIGHTS - SEPT 3, 2001.
September 3, 2001... BANGKOK, Sept 3 Asia Pulse - Highlights of today's newspapers: THE BANGKOK POST - Thailand can expect to raise oil production by at least 10,000 barrels a day next year, with the increase coming from an offshore field that is being...

MALAYSIAN NEWSPAPER HIGHLIGHTS - SEPT 3, 2001.
September 3, 2001... KUALA LUMPUR, Sept 3 Asia Pulse - Highlights of today's newspapers: THE STAR - Like good news waiting to be told, the little-chronicled story of Taiwanese tech company Uchi Technologies Bhd is a nice tale at a difficult time. -...

TAIWAN MILITARY TO STRENGTHEN ELECTRONICS WARFARE CAPABILITIES.
September 3, 2001... TAIPEI, Sept 3 Asia Pulse - Administrative reports submitted Friday to the Legislative Yuan indicate that the government plans to increase spending on electronics and information warfare programs to strengthen the ability of the armed forces to...

AUSTRALIAN MINERS PESSIMISTIC ON YEAR OUTLOOK.
September 3, 2001... MELBOURNE, Sep 3 Asia Pulse - Australia's three biggest miners are pessimistic about the next 12 months, in light of the global economic downturn. Of the trio, the newly-merged BHP Billiton Ltd (ASX: BHP) is more confident about its...

TELSTRA BOSS LAMBASTS GLOBAL NEGATIVITY AGAINST TELCO STOCKS.
September 3, 2001... SYDNEY, Sept 3 Asia Pulse - Ziggy Switkowski, the Telstra (ASX: TLS) chief executive, has blamed his company's slashed shareprice on global negativity towards telecommunications stocks. Mr Switkowski said investors, who drove the company's...

JT MOBILE ISSUE TO BE TAKEN TO INDIAN CABINET SOON : MINISTER.
September 3, 2001... NEW DELHI, Sept 3 Asia Pulse - Federal Communications Minister Ram Vilas Paswan has said that DoT has received the final set of comments from the Attorney General on the issue of over Rs 5 billion (US$106 million) dues of JT Mobile which was...

AUSTRALIAN MANUFACTURERS SHOW OPTIMISM FOR FUTURE.
September 3, 2001... SYDNEY, Sept 3 Asia Pulse - An industry survey has found that NSW manufacturers are more optimistic about the future, despite being unable to escape a profit squeeze. The September quarter 2001 Survey of Manufacturing in NSW examined 418...

COMPAQ & ACADEMIA SINICA TO COOPERATE IN TAIWAN BIOTECH RESEARCH.
September 3, 2001... TAIPEI, Sept 3 Asia Pulse - Compaq Computer Inc. and Taiwan's Academia Sinica, the most reputable academic research institute in Taiwan, signed a cooperative memorandum Friday to engage in gene and biotechnology research in Taiwan. The...

CHINESE MOTORBIKE GROUP TO SET UP PRODUCTION UNIT IN PAKISTAN.
September 3, 2001... ISLAMABAD, Sept 3 Asia Pulse - Chongqing Yongda Group, a Chinese motorbike manufacturing giant, plans to invest US$200 million in Pakistan to set up an industrial unit. The group's decision has been formally conveyed to the government by...

AUSTRALIA'S EHYOU.COM SET TO BECOME CASH-FLOW POSITIVE THIS QTR.
September 3, 2001... SYDNEY, Sept 3 Asia Pulse - Application service provider ehyou.com Ltd (ASX: EHY) has said that it is likely to become operationally cash-flow positive this quarter as it announced its sixth acquisition in the web hosting market. The...

KOREAN FOREIGN EXCHANGE RESERVES TO SURPASS US$100 BLN IN SEPT.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - The Bank of Korea (BOK) today said the country's foreign exchange reserves are expected to reach more than US$100 billion during September, because South Korea has finished the repayment of loans from the...

AUSTRALIA'S PENFOLD PRINTING SINKS INTO THE RED.
September 3, 2001... SYDNEY, Sept 3 Asia Pulse - Australia's Penfold Printing Ltd (ASX: PPR) has posted a $A292,000 ($US153,562.8) full year net loss and is scrapping its final dividend payment. The company said a market slump in the second half wiped out its...

PORTS TO BE USED FOR TAIWAN STRAIT SHIPPING STILL UNDECIDED.
September 3, 2001... TAICHUNG City, Sept 3 Asia Pulse - A Cabinet official said Friday that it is still too early to react to speculation on whether Taichung Harbor in central Taiwan will be authorized as one of the Taiwan seaports to engage in direct shipping with...

PAKISTAN HOLDS JOINT BUSINESS DIALOGUE WITH JAPAN.
September 3, 2001... KARACHI, Sept 3 Asia Pulse - A day-long joint business dialogue between the Japanese and Pakistani businessmen was launched here today (Monday). Businessmen and corporate leaders of both countries will speak on subjects related to the...

INDONESIAN RUPIAH SET TO STRENGTHEN AGAIN: CENTRAL BANK GOV.
September 3, 2001... JAKARTA, Sept 3 Asia Pulse - Bank Indonesia Governor Syahril Sabirin has said that he is expecting the rupiah to strengthen again until a new equilibrium was achieved. "The opportunity for the rupiah to strengthen again is still open....

PAKISTAN'S NWFP PROVINCE FINALISES HYDRO POWER POLICY.
September 3, 2001... PESHAWAR, Sept 3 Asia Pulse - The NWFP government has finalized its own hydel power policy, inviting private sector to establish hydro-electric power stations to operate their own energy intensive industries to offset its inherent location...

GERMANY TO PROVIDE PAKISTAN WITH US$69.7 MILLION IN AID.
September 3, 2001... ISLAMABAD, Sept 3 Asia Pulse - The German government has decided to resume economic aid to Pakistan by offering new aid of DM 50 million and reactivating a previous loan of DM 100 million. This information was passed on to Finance Minister...

INDONESIAN INFLATION RATE LOWERS IN AUGUST.
September 3, 2001... JAKARTA, Sept 3 Asia Pulse - Indonesia posted a deflation rate of of 0.21 percent in August, sending the inflation rate in the first eight months of 2001 to 7.48 percent and the year-on-year inflation rate to 12.23 percent, the Central Bureau...

ADVISORY - PUBLIC HOLIDAY IN VIETNAM - SEPT 3, 2001.
September 3, 2001... This is to advise subscribers that there will be no service from Vietnam today, Monday Sept 3, due to the National Independence Day holiday. Service will resume on Sept 4.

PAKISTAN, SYRIA SIGN MOU ON RAILWAY, SHIPPING COOPERATION.
September 3, 2001... ISLAMABAD, Sept 3 Asia Pulse - Pakistan and Syria have signed a memorandum of understanding (MoU) to enhance mutual co-operation in railways and shipping sectors in Damascus. Minister for Communication Jawed Ashraf Qazi from Pakistan and...

INDONESIAN GOVT URGED TO EASE TIGHT MONETARY POLICY.
September 3, 2001... BANDAR LAMPUNG, Southern Sumatra, Sept 3 Asia Pulse - The chairman of the Indonesian Chamber of Commerce and Industry (KADIN), Aburizal Bakrie, has urged the government to ease tight monetary policy to boost the real sector, which has stagnated...

IMF REVISES PAKISTAN'S TAX REVENUE TARGET TO US$6.9 BILLION.
September 3, 2001... ISLAMABAD, Sept 3 Asia Pulse - The International Monetary Fund (IMF) has finally agreed to revise Pakistan's tax collection target from Rs457 billion to Rs444 billion (US$6.9 billion) for the current financial year. The government had...

NEW MANILA AIRPORT EXPRESSWAY APPROVED.
September 3, 2001... MANILA, Sept 3 Asia Pulse - The Philippines Investment Coordination Committee (ICC) Cabinet Committee has approved a new expressway to the Ninoy Aquino International Airport (NAIA) in Manila. The Manila International Airport Access...

FOREX - DOLLAR ADVANCES AGAINST WON AT OPEN - SEPT 3, 2001.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - The U.S. dollar rebounded to the 1,280 won level early Monday as it gained ground against the yen in overseas trading. The greenback opened at 1,280.50 and was traded at 1,280 won as of 10:37 a.m., up slightly...

PAKISTAN EXPORTS 724,000 TONS OF WHEAT DURING 2001.
September 3, 2001... KARACHI, Sept 3 Asia Pulse - Pakistan's Commerce minister Abdul Razak Dawood said that Pakistan exported more than 724,000 tons of wheat in the current year, and was aiming to export another 300,000 tons in the remaining months. Addressing...

JAPAN GOVT TENDER - CONSTRUCTION WORK.
September 3, 2001... *** Asia Pulse Tender *** ********************************** MINISTRY OF LAND, INFRASTRUCTURE AND TRANSPORT INVITES BIDS FOR CONSTRUCTION WORK **************************************** The following is a procurement...

PYCN TO LAUNCH EXHIBITION HALL FOR KOREAN IT FIRMS IN L.A.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - Pycn (www.pycn.co.kr), a South Korean marketing body and sales agency for information technology (IT) firms, said Monday it plans to open an exhibition hall for South Korean digital home appliance firms in Los Angeles...

JAPAN GOVT TENDER - HEAVY OIL.
September 3, 2001... *** Asia Pulse Tender *** *************************** JAPAN METEOROLOGICAL AGENCY TO PROCURE HEAVY OIL *************************** The following is a procurement notice published in the Kanpo Japanese government gazette...

JAPAN GOVT TENDER - SODIUM CHLORIDE (1).
September 3, 2001... *** ASIA PULSE TENDER *** JAPAN HIGHWAY PUBLIC CORP TO PROCURE SODIUM CHLORIDE The following is a procurement notice published in the Kanpo Japanese government gazette on Aug 17: (1) Official in charge of disbursement of the...

PAKISTAN'S ECNEC APPROVES US$857.3 MLN IN PROJECTS.
September 3, 2001... ISLAMABAD, Sept 3 Asia Pulse - The Executive Committee of the National Economic Council (Ecnec) has approved 12 development projects worth Rs54.7 billion (US$857.3 million). This includes projects such as the raising of the Mangla Dam and...

BRAZILIAN ECONOMIC DELEGATION DUE IN IRAN.
September 3, 2001... NEW YORK, Sept 3 Asia Pulse - A Brazilian economic delegation, headed by its deputy minister of foreign affairs for economic and foreign trade, is to visit Iran in the near future. The delegation consists of representatives from some 50...

KOREA'S HYNIX NEEDS US$625.5 MLN IN FUNDING TO SURVIVE.
September 3, 2001... SEOUL, Sept 3 Asia Pulse - Hynix Semiconductor Co. needs to receive about 800 billion won (US$625.5 million) in fresh funds every year after freezing payments on principal costs and interest if the ailing semiconductor maker is to survive. ...

INDONESIA TO CEASE RECAPITALISING TROUBLED BANKS: C. BANK.
September 3, 2001... SURABAYA, East Java, Sept 3 Asia Pulse - Bank Indonesia Senior Deputy Governor Anwar Nasution said the government will in the future no longer recapitalize ailing banks as it has done so far. "The government's past policy to recapitalize...

IRAN, SYRIA ESTABLISH COUNCIL OF TRADESMEN.
September 3, 2001... DAMASCUS, Sept 3 Asia Pulse - A council made up of Iranian and Syrian tradesmen, with the aim of organizing trade and promoting investments, has been established. The head of Iran's Chamber of Commerce, Industries and Mines, Ali-Naqi...

JAPAN GOVT TENDER - REPAIR WORK.
September 3, 2001... EHIME SOCIAL INSURANCE BUREAU INVITES BIDS FOR REPAIR WORK The following is a procurement notice published in the Kanpo Japanese government gazette on Aug 30: (1) Official in charge of disbursement of the procuring entity :...