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Archive for July 31st, 2010

Economic fears dent sentiment

31-Jul-2010 Intellasia | Business Times | Reuters | AFP | Bloomberg | AP | 2:59 PM

Fears of a slowdown in the US and poor economic data out of Japan pushed Asian markets lower yesterday July 30, with traders cashing in recent gains. TOKYO: Strong corporate [...]
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Taiwan’s CPC makes large gas discovery

31-Jul-2010 Intellasia | Wall Street Journal | 7:01 AM

Taiwan government-owned refiner CPC Corp. said Thursday it has made a “large” natural gas discovery at well No. 145 in Miaoli, northwestern Taiwan, estimating the [...]
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Taiwan Formosa says restarting 1 CDU at refinery

31-Jul-2010 Intellasia | Reuters | 7:01 AM

Taiwan’s Formosa Petrochemical Corp (6505.TW: Quote) is restarting one of three crude distillation units (CDUs) on Thursday, with low output to be expected on Friday, a [...]
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Laos gold diggers cause mercury contamination

31-Jul-2010 Intellasia | DPA | 7:01 AM

Independent gold miners are contaminating the air and water in Laos with the mercury used for extracting the precious metal, a news report said Thursday. The state-run daily [...]
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Thailand to sign Burma natural gas purchase deal

31-Jul-2010 Intellasia | Reuters | 7:01 AM

Thailand will sign on Friday an agreement to buy natural gas from the Zawtika field at the offshore Block M9 in the Gulf of Martaban in Myanmar from late 2013, Energy [...]
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PTTEP to sign gas deal with Burma

31-Jul-2010 Intellasia | Bangkok Post | 7:01 AM

PTT Exploration and Production Plc (PTTEP) will on Friday sign an agreement to purchase natural gas from M9 or Zawtika Field with Myanmar Oil and Gas Enterprise (MOGE), the [...]
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China denies forced technology transfer charge

31-Jul-2010 Intellasia | AFP | 7:01 AM

Beijing on Thursday denied charges by a US business group that its technology transfer rules for foreign firms constitute “theft” on a massive scale, and defended [...]
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GM bullish on Thailand in ‘booming’ Southeast Asia

31-Jul-2010 Intellasia | Reuters | 7:01 AM

General Motors Co [GM.UL] believes vehicle sales in Thailand could rise to more than 700,000 units this year as the economy proves resilient to recent political unrest and [...]
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Singapore fund Target Asset to wind down operations

31-Jul-2010 Intellasia | Reuters | 7:01 AM

Target Asset Management, one of Singapore’s most successful boutique fund managers, will wind down its operations as founder and chief investment officer Teng Ngiek [...]
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Apple iPod Nano may pose fire hazard, says Japan

31-Jul-2010 Intellasia | AFP | 7:01 AM

Japan’s industry ministry has ordered Apple to report on measures it will take regarding cases of its iPod Nano music player overheating and catching fire, an official [...]
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Indonesia’s United Tractors posts flat H1 net profit

31-Jul-2010 Intellasia | Reuters | 7:01 AM

PT United Tractors Indonesia’s biggest heavy equipment provider, posted a 0.8 percent rise in its first half 2010 net profit on Thursday, as revenues climbed but costs [...]
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N Korea, China sign new economic cooperation accord

31-Jul-2010 Intellasia | AFP | 7:01 AM

North Korea signed a new accord on economic and technical cooperation with China on Thursday, state media said as the impoverished communist country struggles to recharge its [...]
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Singapore central bank sees rising prices, moderating growth

31-Jul-2010 Intellasia | Reuters | 7:01 AM

Singapore’s economic growth will moderate in the second half of 2010 while prices will rise faster, the central bank said on Thursday, while making clear it remained [...]
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Malaysia sells 3.5b ringgit govt bonds, yield 3.732pct

31-Jul-2010 Intellasia | Reuters | 7:01 AM

Malaysia has sold 3.5 billion ringgit of government bonds due in 2017 at an average yield of 3.732 percent, the central bank said on Thursday. The bid to cover ratio was 2.42 [...]
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Google changes tune, search still working in China

31-Jul-2010 Intellasia | AP | 7:01 AM

Google Inc. triggered a false alarm Thursday by posting a notice that its search engine and several other services had been cut off from mainland China – a key market [...]
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