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HONG KONG, June 1 Asia Pulse - Highlights of today's newspapers:
SOUTH CHINA MORNING POST:
- The much-heralded bus fare adjustment mechanism is under fire for failing to deliver on promised fare discounts.
- A subsidiary of Citic Group yesterday paid 128.3 million yuan for a military theme park in Shenzhen that includes the decommissioned Soviet-era aircraft carrier Minsk.
- A new funding body should be set up next year to support major performing arts groups, according to an advisory report to be sent to the government this month.
THE STANDARD:
- The Hong Kong stock market looks set to fall today after global markets were hit by soft consumer confidence data in the United States due to the rising oil price, while ...
Source: HighBeam Research, HONG KONG NEWSPAPER HIGHLIGHTS - JUNE 1, 2006.