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HONG KONG NEWSPAPER HIGHLIGHTS - JULY 1, 2008.

AsiaPulse News

| July 01, 2008 | COPYRIGHT 2008 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

HONG KONG, July 1 Asia Pulse - Highlights of today's newspapers:

SOUTH CHINA MORNING POST:

- Mainland airlines have won regulatory approval to raise fuel surcharges by as much as 50 per cent, the first adjustment of the levy on domestic flights this year, after Beijing announced the biggest increase in jet fuel prices 10 days ago.

- Hong Kong investors yesterday closed the books on the worst first half in 14 years, with many bracing for further pain.

- People's Bank of China governor Zhou Xiaochuan says he cannot rule out raising interest rates to curb inflation.

- The next head of the Bank for International Settlements (BIS) should come from Asia, Hong Kong Monetary Authority chief Joseph Yam Chi-kwong said in Basel yesterday.

- China Eastern Airlines Corp, the country's third-largest carrier, expects passenger traffic to rebound in the fourth quarter after being hurt by natural disasters and inflation.

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