BEIJING (AFX) - A summary of Asian economic and corporate news at 0500 GMT:
JAPAN:
-Oct-Dec non-financial firms' capital investment up 9.5 pct year-on-year
-Toshiba considering investment in flash memory production, but no decision yet
-Mizuho Financial says to issue preferred shares to boost capital
SOUTH KOREA:
-President heads to Africa
HONG KONG:
-Brilliance China sees 2005 results hurt by overcapacity, competition
-Xinao Gas says controlling shareholder to place co shares
-Hung Hing aims to raise 750 mln hkd from bond issue
-Nine Dragons Paper exercises IPO over-allotment
CHINA:
-Govt needs to widen yuan-dollar band to 0.5-1 pct - govt advisor
-Govt won't cut dollar forex reserves - central bank head
-Govt not yet ready to launch fuel tax - Xinhua
-Xinjiang region to invest 10 bln yuan in highways this year - Xinhua
-Nanjing to invest 21.1 bln yuan in service industry this year - Xinhua
-Govt to maintain 5 pct limit on direct stock investments by insurers
-Bird flu death leads to Hong Kong import ban
-Shenzhen Chiwan Wharf Feb cargo turnover up 17.6 pct year-on-year
-Sinopec privatization of four Chinese-listed units approved by CSRC
-Jiangxi Copper offers 1.8 shares per 10 tradable shares held
-Jiangsu Expressway offers 2.5 shares per 10 tradable A-shares held
-Jiangxi Expressway to buy 3.88 bln yuan of assets from parent
-FAW Car offers 3 shares per 10 tradable shares held
-Huaneng Power, FAW Car, 44 other firms launch state-share reforms
-Shenzhen Chiwan to invest 1.15 bln yuan in Guangdong port
-Hefei Meiling appoints Sichuan Changhong executive as president
TAIWAN:
-Central bank to auction 40 bln twd, 364-day certificates of deposit
-UMC March 3 buy-back of 32 mln shares at average 19.63 twd
-Taiwan Mobile gains 124.70 mln twd on Chunghwa Telecom shares sale
-Chinatrust, units accumulate 13.91 pct stake in Mega Financial
SINGAPORE:
-Australia's Toll to buy Singapore SembCorp Logistics for 1.70-1.80 sgd/share
-SembCorp Industries may distribute some proceeds from SembLog sale
MALAYSIA:
-SMR Technologies public tranche oversubscribed 108.79 times - MIH
-Bursa Malaysia sells Penang property for 4.4 mln rgt; gains 200,000 rgt
-Cement Industries of Malaysia in talks with VICAT, others but no decision yet
-Melewar Industrial Group unit gets 10.50 mln rgt contract
-Kosmo Technology to distribute Fiat light commercial vehicles
INDONESIA:
-Indosat foreign currency rating affirmed at 'Ba3' - Moody's
-Govt 2 bln usd bond issue rated 'B+' - S&P
-Govt wants Pertamina to chair Cepu block management committee
PHILIPPINES:
-Jan budget deficit 15.4 bln pesos, smaller than target
-President says Jan budget deficit target 20.9 bln pesos
-Taxman exceeds February collection target
-Metrobank's 125 mln-usd capital issue gets 'CCC+' rating - S&P
-PLDT chairman acquires additional 1,050 shares of company
THAILAND:
-PM defiant amid mounting pressure for his resignation
AUSTRALIA:
-ANZ Feb job ads up 0.5 pct from Jan, up 20.0 pct year-on-year
-ANZ sees Asia as 'base for growth' beyond 2010
-John Fairfax 6 months to Dec net profit 119.9 mln aud vs 135.1 mln aud
-John Fairfax H1 profit slips, mixed start to H2
-PBL acquires Macau casino sub-concession for 900 mln usd
-Metcash sees Foodland assets generating 80-90 mln aud EBIT
-Toll extends offer for Patrick Corp in case of regulatory approval
xiaojing.jiang@xinhuafinance.com
jod/jm
© 2006 AFX News
