Asian economic and corporate news summary

Asian economic and corporate news summary

	Published : Mon, 29 Jan 2007 08:00 By : Agencies Print this Story

BEIJING (AFX) - A summary of Asian economic and corporate news at 0500 GMT

JAPAN:

-Dec consumer electronics domestic shipments up 4.0 pct year-on-year

-Nippon Paper April-Dec net profit 13.14 bln yen vs 10.17 bln

SOUTH KROEA:

-Arcelor-Mittal executive to conduct talks with SKorea's POSCO

HONG KONG:

-Capital Estate to issue 9.58 bln rights shrs to raise 249.2 mln hkd

-Shanghai Jin Jiang to inject 1.1 bln yuan into unit

-GFT Hldgs to place 850 mln shares at 0.04 hkd each, issue bonds

-Neo-China to acquire Tianjin City Yi Jia for 668 mln yuan

-Hanny to buy 124.5 mln hkd worth of China Star convertible bonds

-Jiuzhou Devt purchases Zhuhai tourist complex for 90.9 mln yuan

CHINA:

-Possibility of higher inflation 'is our concern' - China central bank's Wu

-Yuan to gradually become more flexible - central bank's Wu

-China wants 2007 GDP growth rate to slow - economic planning official

-2007 crude steel output seen up 10 pct on rural projects - Numis

-China to be engine of growth for mined materials, but copper in oversupply-Numis

-China wary of risks from international payment surplus - state newspaper

-End-Sept insurance assets at 4.2 pct of financial system assets

-China sets rules restricting sale of state-owned assets to foreigners

-China's power shortages should ease this year - economic planner

-B2C market to reach 18.83 bln yuan in 2010 - Analysys International

-Central bank to sell 3-yr debt on Thursdays

-Shanghai tests 4G mobile technology - state media

-China Southern Airlines says will return to profit in 2006

-Anhui Conch sees 2006 net profit up over 100 pct

-HK-listed China Shipping Devt signs iron ore transport deal with Baosteel

-Tsinghua Tongfang sees 2006 net profit up over 50 pct

-Hershey, SKorea's Lotte set up China JV

-China Unionpay 2006 overseas card issuance up 180 pct

-Harbin Electric says Nasdaq listing approved

-Tianjin TEDA plans 100 mln yuan fund to support service outsourcing

-Hudong Heavy to issue 400 mln new A-shares via private placement

-Amoi, Spreadtrum get official approval for TD-SCDMA project

-Weichai Power Ltd completes 900 mln yuan bond issue

-Guangzhou Hengda Real Estate to raise 500 mln usd

-99Bill, Ourgame in online gaming payment services tieup

-Focus Media to offer 6.66 mln American depositary shares

-Redbaby to seek listing by end-2008

TAIWAN:

-Chi Mei 400 mln usd investment in Ningbo LCD plant approved by China

MALAYSIA:

-Lingui's major shareholder says no plans to take co private

INDONESIA:

-Indonesia's outlook revised to 'positive'; 'BB-' ratings affirmed - Fitch

-Indonesia permits 5 firms to import 250,000 tons of sugar

PHILIPPINES:

-First Philippine Holdings plans 1 bln-peso bond float in February

-MacroAsia to take mining rights dispute to Supreme Court