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BRIEFING - ASIA BANKING - JAN 1, 2002.

AsiaPulse News

| January 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

An executive briefing on banking for Jan 1, 2002, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

TAIWAN TO FURTHER OPEN MARKET TO CHINESE GOODS, CAPITAL: MAC

TAIPEI - The Mainland Affairs Council (MAC) said Monday that it will allow the domestic market to be further opened to mainland Chinese products and capital upon its entry into the WTO.

With Taiwan becoming the WTO's 144th member state today, the MAC, Taiwan's top mainland policy-making government agency, said it will further adjust the current policy to take into account the new situation between the two sides of the Taiwan Strait, an MAC spokesman said.

INVESTOR WITHDRAWAL FORCES INDIAN GOVT HAND IN POWER SECTOR

NEW DELHI - Shaken by withdrawal of global investors one by one in the absence of commercialisation of State Electricity Boards (SEBs), the federal government has been forced to commit to investing in the power sector from 2001 onwards, virtually reversing decade long policy of promoting private participation.

"We have discounted any private investment and have targeted 50,000 mw capacity addition during the Tenth Plan period," says Federal Power Minister Suresh Prabhu on the future of power sector in the country, adding commercial viability of SEBs and implementation of reforms alone could bring back private investors, both domestic and foreign.

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Source: HighBeam Research, BRIEFING - ASIA BANKING - JAN 1, 2002.

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