Jul
02

Asia Pacific News – Philippine ex-President Corazon Aquino ‘very ill’ (Muzi)

Philippine ex-President Corazon Aquino ‘very ill’ (Muzi)
MANILA, Philippines – Cancer-stricken former Philippine President Corazon Aquino has been admitted to a hospital in serious condition, her spokeswoman said Wednesday.

China’s corporate debt sales overtake Japan (Financial Times)
Chinese companies have for the first time issued more corporate bonds than their Japanese counterparts over the past year, marking another milestone in the development of China’s capital markets.

SCENARIOS-Likely comments from Indonesia c.bank on rates,economy (Reuters via Yahoo! Asia News)
By Gde Anugrah Arka

Taiwan Greater China Fund Announces Completion of Semi-Annual Repurchase (Marketwire)
NEW YORK, NY–(Marketwire – July 2, 2009) – The Taiwan Greater China Fund ( NYSE : TFC ), a diversified closed-end registered investment company listed on the New York Stock Exchange (the “Fund”), announced today that it has completed the repurchase of shares of its common stock in connection with the semi-annual repurchase offer that expired on June 12, 2009. The repurchase price per share was …

Aussie Declines As Australia’s Trade Deficit Widens In May (INO News)
(RTTNews) – Thursday morning in Asia, the Aussie fell against its major counterparts after a report showed that Australia’s trade deficit widened in May as exports continued to decline, signaling economic growth may slow. The Aussie thus plunged to a 3-day low against the Canadian dollar.

Japan PM Says N Korea Missile Firings ‘Provocative Act’-Media (Nasdaq)
TOKYO (AFP)–Japan’s Prime Minister Taro Aso on Thursday called North Korea’s latest firings of short-range missiles a “provocative act,” the Jiji news agency reported.

Credit Suisse Picks Globe, Robinsons to Beat Philippines Index (Bloomberg)
July 2 (Bloomberg) — Globe Telecom Inc. and Robinsons Land Corp. may rise five times faster than the Philippine benchmark index as phone operators weather an economic slowdown and low interest rates spur home demand, Credit Suisse Group AG said.

Australia records 10th swine flu-related death (AP via Yahoo! Singapore News)
Australia recorded its 10th death linked to swine flu Thursday, while Chinese officials ruled that a woman with H1N1 who died was not killed by the virus.

TAIWAN: ‘China Daily’ appeals ban (AsiaMedia)
The China Daily has filed an appeal after the Government Information Office (GIO) decided to revoke the English-language paper’s Taiwan publication license, which was due to be renewed on Tuesday, an official said.

Taiwan allows Chinese investments (UPI)
TAIPEI, Taiwan, July 2 (UPI) — Communist China, ever since its founding in 1949, has never given up its sovereign claim on Taiwan, but the island nation’s new president has sought to put relations between the two countries on a more even keel since taking office in May 2008.

Top Chinese diplomat visits four nations for Korean nuclear issue (People’s Daily)
Chinese Vice Foreign Minister Wu Dawei left Thursday for a four-nation tour to discuss the Korean nuclear crisis, according to foreign ministry spokesman Qin Gang. The four nations include Russia, U.S., Japan and the Republic of Korea(ROK). “He will exchange views with the relevant sides on the Korean nuclear issue and the situation in northeast Asia,” Qin told a regular press conference. He …