Easy Money >>> FOREX

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT

JAPAN:

-March convenience store sales down 1.4 pct yr-on-yr

-Toyota president says Japan automaker not interested in buying Chrysler

-Daiei yr to Feb net profit 41.3 bln yen vs 413.2 bln

-Daiei yr to Feb opg profit rises 8.5 pct after loss-making outlets shut

-Fuji Heavy now sees FY parent-level loss for tax reasons

-Goldman Sachs to buy 18.07 pct stake in Japan’s Usen for 25 bln yen

SOUTH KOREA:

-Daewoo Shipbuilding wins 1.66 bln usd orders this month

-SK Networks Q1 net profit 91.9 bln won vs 110.9 bln

-Samsung Electro-Mechanics net profit 1.1 bln won vs 26.8 bln

-Samsung Electro-Mechanics Q1 opg profit halved on handset price fall

HONG KONG:

-Hong Kong new private residential housing supply 58,000 units as of end-March

-China Netcom Q1 sales 21.03 bln yuan;adds 770,000 new customers

-China Mobile Q1 to March net profit 17.56 bln yuan, up 22.3 pct

-Lenovo Group sees 100 mln usd in savings from global job cuts

-China’s Tsingtao Brewery sees 12 pct beer sales volume growth this yr

-China Telecom Q1 net profit up 3.9 pct yr-on-yr

-Guangzhou R&F to issue 450 mln A-shrs in China

-Shanghai Industrial 2006 net profit 1.26 bln hkd vs 1.03 bln

-China’s Guangshen Railway 2006 net profit 771.51 mln yuan vs 646.96 mln - IAS

-Xinao Gas 2006 net profit 379.62 mln yuan vs 270.55 mln

-Guangnan (Holdings) 2006 net profit 121.32 mln hkd vs 175.76

-China Special Steel 2006 net profit 90.28 mln yuan vs 122.14 mln

-Panva Gas 2006 net loss 256.33 mln hkd vs profit 155.78 mln

-Panva Gas swings to 2006 loss on higher interest, opg costs

-Brilliance China 2006 net loss 398.42mln yuan vs loss 649.61mln

-Bank of East Asia in jv with Germany’s Union Asset Management

-China CITIC Bank prices Hong Kong IPO at 5.86 hkd; top of range - source

-CASH Retail buys 2 property devt projects in Beijing for 1.6 bln hkd

-China Properties 300 mln usd bond issue assigned ‘B+’ rating - S&P

-China Properties assigned ‘(P)B1′ rating - Moody’s

-China Resources Enterprise inks deal to sell HK petroleum ops; plans special div

-Lingbao Gold to acquire stake in Shaanxi Jiusheng Mining

-Pacific Andes Intl unit issues 93 mln usd of convertible bonds

-CLP Holdings Q1 to March electricity sales up 0.8 pct yr-on-yr

-Chinachem’s Nina Wang leaves wealth to personal feng shui consultant - lawyer

CHINA:

-China to remain largest broadband market - Bill Gates

-March wholesale prices up 4.2 pct yr-on-yr - central bank

-March trust schemes total 18; value 1.64 bln yuan - study

-China property prosperity index at 101.22, down 0.24 points yr-on-yr

-Ministry of Finance issues 30 bln yuan worth of 5-year bonds

-Wireless service to reach 69.1 pct of China’s population by 2011- Global Insight

-China Communist official on trial for corruption - Xinhua

-China Unicom end-March GSM mobile subscribers 109.16 mln vs 107.95 mln end-Feb

-Agricultural Devt Bank of China issues 12 bln yuan of 5-year bonds at 3.29 pct

-Shanghai commercial banks Q1 operating profit up 37.13 pct yr-on-yr - Xinhua

-Honda says 2007 China sales to increase to 400,000 units vs 323,469 in 2006

-Dongfeng Commerical Vehicle aims to hike sales by 9.66 pct in 2007

-Japan’s Toyota, China’s FAW to open new factory in Tianjin this wk

-Nanjing Auto says MG car exports to surpass China sales in 3 years

-China Huadian Corp Q1 power output 56.093 bln kwh, up 27.83 pct yr/yr - Xinhua

-Ping An Insurance Q1 premium income of 3 units 26.42 bln yuan

-China Life Insurance Q1 premium income 73.9 bln yuan

-Liuzhou Iron & Steel 2006 net profit 715.56 mln yuan vs 511.49 mln

-Guangshen Railway 2006 net profit 710.87 mln yuan vs 611.47 mln

-SP Power Q1 net profit 289.85 mln yuan vs 190.81 mln

-SP Power Q1 net profit rises 51.9 pct on higher output

-Liuzhou Iron & Steel Q1 net profit 215.76 mln yuan vs loss 60.48 mln

-Hisense Electric 2006 net profit 125.09 mln yuan vs 102.4 mln

-Hisense Electric 2006 net up 22 pct on more TV sales; sees 2007 up 20 pct

-Beijing Gehua CATV Network Q1 net profit 60.19 mln yuan vs 48.19 mln

-China Eastern Airlines 2006 net loss 2.78 bln yuan vs profit 60.47 mln - CAS

-China Eastern Airlines swings to net loss in 2006 on high jet fuel prices

-BOE Technology sees smaller Q1 loss

-Huaneng Group to invest 5.2 bln yuan in Tianjin gas project

-CATT sets up new company but says no plan to reconstruct Datang Telecom

-Dongfeng Nissan targets 50 pct sales increase this yr

-Simcere Pharmaceutical Group sets IPO price at 14.50 per ADS

-DaimlerChrysler unveils new models, to produce E-Class at Beijing jv

-Qiao Xing Universal Telephone subsidiary applies for NYSE IPO

-DaimlerChrysler unveils new models, to produce E-Class at Beijing jv

-Suntech Power joins Solar Energy Industries Association

-Tulip Mega Media aims NASDAQ listing by year end

-Moloon to list on Nasdaq in 2008

TAIWAN:

-Inotera Q1 unaudited parent net profit 3.88 bln twd vs 4.89 bln in Q4

-Inotera sees DRAM prices bottoming out in current Q2, recovering in Q3

-Inotera Q1 earnings fall as DRAM prices drop 24 pct qtr-on-qtr

-Taiwan Nanya Q1 unaudited parent net profit 3.26 bln twd vs Q4 audited 6.46 bln

-Nanya leaves 60 bln twd capex plan for 2007 unchanged

-Acer claims world’s third largest PC vendor rank

-EVA Airways plans to pay no dividend for 2006

-EVA Air reaches 14.92 bln twd lease-after-sale deal on 2 Boeing jets

-China Airlines in 5 bln twd sale and lease-back deal for A330-300 jet

-Chi Mei buys 2.04 bln twd worth of LCD machinery from Japan’s Nikon

-Powerchip buys facilities/machinery worth 3.74 bln yen from Nikon

-Evergreen Marine buys 1.14 bln twd containers from CIMC

SINGAPORE:

-DBS not cutting loan rates despite recent interbank rate drop

-Asia ex-Japan PC sales rise 18 pct yr-on-yr in Q1, led by Lenovo - IDC

-GuocoLand to raise funds from rights issue, convertible bonds

-Golden Agri to raise about 772 mln sgd via placement

-CapitaMall to buy further 72.8 pct of CapitaRetail for 290.3 mln sgd

-CapitaMall Trust Q1 DPU at 0.03 sgd, 6.8 pct above forecast

MALAYSIA:

-Mid-April forex reserves 89.5 bln usd vs 88.6 bln end-March

-Ringgit year-end target raised to 3.40 rgt from 3.45 - CIMB

-Ringgit to reach 3.25-3.30 rgt by end-March 2008 - K&N Kenanga

-Unisem to acquire Advanced Interconnect Tech for 70.25 mln usd

-DKSH to acquire Texchem Consumers for 16 mln rgt

-ABN Amro Malaysia to expand consumer banking operations

INDONESIA:

-April CPI may be lower vs March - Budiono

-Indonesia grants export licenses to 5 tin companies, including Timah, Koba

-Moderate quake hits Indonesia’s Sumatra

-Govt minister says key issues resolved over Rio Tinto’s nickel mine project

-Pertamina, Russia’s Lukoil ink joint oil exploration/production MOU

-World Bank’s IFC to lend 50 mln usd to Indonesia’s PGN - minister

-US gold miner Newmont confident of Indonesian pollution verdict

-US Feeport mine workers in Indonesia hold third-day protest over wages, benefits

-Oto Multiartha to sell 700 bln rupiah worth of bonds in June

PHILIPPINES:

-JG Summit units Robinsons Land, Universal Robina declare cash div

-RCBC Q1 net profit up 158 pct at 828 mln pesos

-ATR KimEng to sell 80 mln shares at 2.60 pesos/share

AUSTRALIA & NEW ZEALAND:

-Australia March new vehicle sales up seasonally adj 1.0 pct mth-on-mth

-Airline Partners Australia’s acceptances for Qantas offer slip further

-Coal & Allied says Australian coal miners hampered by infrastructure constraints

INDIA

-Wipro Q4 net up 39 pct, beats forecast on higher fees, acquisitions

-Satyam Computer FY net up 39.8 pct on strong sales growth

xiaojing.jiang@xinhuafinance.com

jod/net

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

JAPAN:

-Jan current account surplus rises 49.8 pct, ahead of forecast

-Feb wholesale goods price index up 1.8 pct yr-on-yr

-Feb corporate failures down 2.9 pct from Jan - Teikoku

-Japan economy grew faster than initial estimate in Oct-Dec

-Japan revised Oct-Dec GDP - component breakdown

SOUTH KOREA:

-Samsung Heavy wins 583.1 bln won drillship order from Europe

-Sumitomo Mitsui, SKorea’s Kookmin agree to tie up in corporate banking

-Kookmin Bank not currently in talks to buy additional BII stake

HONG KONG:

-CITIC Pacific offers preferential shrs in unit CITIC 1616 ahead of IPO

-TOM Group to buy out unit TOM Online for 1.57 bln hkd

-Yue Yuen Feb opg revenue 259.77 mln usd

-Dynasty Fine Wines warns 2006 results to be affected by higher H2 cost

-China Mining unit buys 75.08 pct of Harbin Songjiang for 1.81 bln yuan

-CLP to inject Ho-Ping Power into jv OneEnergy

CHINA:

-China needs monetary policy transparency, but time needed central bank’s Zhou

-China central bank says aims to ensure healthy property market

-China central bank says to push forward market-oriented interest rate reform

-China needs to tighten monetary policy, cut excess liquidity - central bank

-China needs time to reduce trade surplus - central bank

-China yuan bonds to be unveiled soon in Hong Kong - central bank

-China to pursue gradual yuan reform in 2007, keep currency basically stable

-China’s postal reform to help use postal savings in rural sector - central bank

-Taiwan pro-independence moves hinder cooperation - China central bank chief

-China 2007 GDP seen easing to 9.6 pct, growth drivers more balanced - Lehman

-Trade penalties by US Congress would hurt US-China trade - commerce minister

-China says Doha Round trade talks at dead end due to US, EU

-China new oil pricing mechanism launched - state planner

-China not plundering Africa’s natural resources - Commerce Minister

-China may announce measures to deflate A-share market after NPC - Deutsche Bank

-Acquisition of China firms by foreigners welcome; needs regulation - minister

-China FAW Group sees 2007 sedan sales surpassing 1 mln units

-State Grid, Tibet government set up power joint venture

-ZTE orders 10 mln usd in telecom equipment from Comtech

-Laiwu Steel parent not aware of regulator rejecting Arcelor deal

TAIWAN:

-Shin Kong Financial Jan-Feb net profit 4.71 bln twd vs 6.52 bln

-Hua Nan Financial Feb net profit 717 mln twd vs 788 mln

-Taishin Financial Feb net profit 600 mln twd vs 1.17 bln

-CAL targets 2007 pretax profit over 2 bln twd vs over 300 mln

-Macronix reaches settlement with Spansion over lawsuit

-Mega declines comment on reported plan to sell Taiwan bank stake

-China Airlines targets 2007 pretax profit over 2 bln twd - co official

SINGAPORE:

-Brothers Group, CEH Shenyang to build homes in China

MALAYSIA:

-Maybank deposit rating raised to ‘A’ from ‘A-’ - Fitch

-Malaysian Resources Corp expects to seal a few land acquisitions by yr-end

-KLK, Glamour seeking resolution to LPF stake dispute

INDONESIA:

-Bimantara 2006 net profit 446 bln rupiah vs 136 bln

-Bimantara’s 2006 net profit up 228 pct on higher sales

-Matahari 2006 net profit 160.50 bln rupiah vs 222.66 bln rupiah

-Matahari 2006 net profit falls 28 pct on finance charges, forex loss

-Mobile-8 2006 net profit 35.16 bln rupiah vs loss 286.70 bln

-Apexindo Pratama increases offshore rigs to six

PHILIPPINES:

-Govt hopes to auction 200-MW power plant on March 30

-Ayala unit Cebu Property Ventures says 2006 net profit up 153 pct

AUSTRALIA & NEW ZEALAND:

-Australia Jan housing finance by volume rises 0.3 pct from Dec

-D&B Feb business survey shows improving sentiment

-Rio Tinto sees investment in new projects as substantially raising copper output

-Rio Tinto sees strong demand for products led by China as output response slow

-Suncorp-Metway proposes 1.17 bln aud entitlements issue

-Sims buys Californian electronics recycling business from Xstrata

-Macquarie Bank deputy chairman to retire

xiaojing.jiang@xinhuafinance.com

jod/zr

For more information and to contact AFX: www.afxnews.com and www.afxpress.com

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT

JAPAN:

-Quake hits southwestern Japan

-Nissan yr to March net profit 460.80 bln yen vs 518.05 bln

-Nissan Motor reports first drop in annual profits under Ghosn

-Nissan Motor to spend up to 25 bln yen to buy back own shares

-Nissan Motor delays medium-term goals after earnings fall

-JFE Holdings yr to March net profit 299.68 bln yen vs 325.99 bln

-JFE FY opg profit dips 2.6 pct on higher cost, but sees record earnings

-Denso’s FY net profit 205.2 bln yen vs 169.6 bln yen

-Denso FY net profit hits record on brisk car sales by parent Toyota

-Nomura Holdings year to March net profit 175.83 bln yen vs 304.33 bln

-Nintendo FY net profit 174.29 bln yen vs 98.38 bln yen

-Nintendo’s FY operating profit more than doubles on portable game sales

-Komatsu year to March 2007 net profit 164.64 bln yen vs 114.29 bln

-Toshiba’s FY net profit 137.43 bln yen vs 78.19 bln yen

-Toshiba FY net profit rises 76 pct to record high on brisk sales of PCs, chips

-Kobe Steel yr to March net profit 109.7 bln yen vs 84.5 bln

-Kyocera FY net profit 106.5 bln yen vs 69.7 bln yen

-Kyocera FY operating profit jumps 35.5 pct on demand for components

-Fujitsu yr to March net profit 102.4 bln yen vs 68.5 bln

-Fujitsu’s FY operating profit flat because of competition, lower HDD prices

-Nippon Oil year to March net profit 70.22 bln yen vs 166.51 bln

-Shiseido yr to March net profit 25.3 bln yen vs 14.4 bln

-Shiseido FY net up 75 pct on China sales, weak yen; sees further growth

-Yamaha Motor Q1 net profit 25.2 bln yen vs 28.1 bln

-Yamaha Motor Q1 opg profit hits record on brisk sales to Asia

-Mitsubishi Motors yr to March net profit 8.7 bln yen vs loss 92.2 bln

-Mitsubishi Motors returns to net profit on cost cuts, yen weakness

-Seiko Epson year to March net loss 7.09 bln yen vs loss 17.92 bln

-Victor Co of Japan year to March net loss 7.89 bln yen vs loss 30.61 bln

-Sony still intends to list financial unit, but has yet to decide how

-Sony ratings unaffected by plan to list financial unit - S&P

-Singapore govt orders 700,000 road-pricing devices from Mitsubishi Heavy

-Resona to issue 350 bln yen worth of preferred shares to Merrill Lynch

SOUTH KOREA:

-Current account swings to deficit in March on overseas dividends

-Hynix Semiconductor Q1 net profit 429 bln won vs 294 bln

-Hynix Semiconductor Q1 opg profit up 46 pct yr-on-yr on increased sales

-Hynix to start mass production at new wafer line in Q3 2008

-SK Telecom Q1 net profit 396.3 bln won vs 337.2 bln

-SK Telecom Q1 opg profit dips on rising costs; beats mkt consensus

-SK Telecom targets 50.5 pct market share by year-end

-SK Corp Q1 net profit 348.5 bln won vs 607.2 bln

-SK Corp Q1 opg profit up more than 40 pct on petrochem, lubricant ops

-POSCO to invest 282.8 bln won for capacity expansion

-POSCO to sell treasury shares to Hyundai Mipo

-Daewoo Engineering Q1 net profit 121.8 bln won vs 132.2 bln

-Daewoo Engineering Q1 opg profit up 7.2 pct on firm overseas revenue

-Daewoo Shipbuilding Q1 net profit 51.9 bln won vs loss 45 bln

-Korea Zinc Q1 net profit 116.4 bln won vs 64.2 bln

-CJ Corp Q1 net profit 26.4 bln won vs 79.3 bln

-Asiana Airlines Q1 net profit 12.1 bln won vs 37 bln

-Asiana Airlines Q1 opg profit more than doubles on intl flight demand

HONG KONG:

-March exports up 6.9 pct yr-on-yr by value vs up 11.6 pct in Feb

-China Treasure to change name to Opes Asia Development

-China CITIC Bank says Hong Kong IPO retail tranche 229 times oversubscribed

-PCCW declines comment on report chairman seeking fresh stake sale bid

-China Unicom Q1 net profit 1.96 bln yuan vs 1.39 bln

-China Unicom Q1 net profit up 41 pct on sales growth

-Beijing Capital Intl Airport 2006 net profit 1.09 bln yuan vs 908.51

-Capital Estate H1 to Jan net profit 206.85 mln hkd vs loss 1.58 mln

-Ajisen (China) 2006 net profit 113.37 mln yuan vs 48.95 mln

-Lijun Intl 2006 net profit 84.58 mln yuan vs 93.31 mln

-Luoyang Glass 2006 net profit 12.99 mln yuan vs 9.66 mln

-China Shipping Container Lines Q1 revenue up 23.9 pct on yr

-Heng Tai to take 80 pct stake in fresh produce services jv in Dalian

-Weichai Power to also list shares on Shenzhen exchange

-Stone Group to take 36.12 pct stake in China Cable Media

-Xteam Software to raise 142.87 mln hkd from share placement

-Govt to auction another Tuen Mun site on May 29

-COFCO Intl shares to trade under new name, China Foods, from Monday

CHINA:

-Economy ‘growing too fast,’ must be kept sustainable - economic planner

-China targets service sector share of GDP of 42.9 pct by end-2010 - state planner

-Wen reiterates that energy saving tops govt agenda

-Govt to cut export tax rebates on items with high energy input - state planner

-EXIM Bank in talks with central govt about capital injection - official

-Govt to order foreign stock markets’ local reps to report on Chinese cos

-China real estate regulations need more consistency, clarity - US Chamber

-2007 land for construction quota capped at last year’s level - ministry

-China needs to update information technology strategy - World Bank

-Shanghai Stock Exchange raises upper bid limit to 900 pct from 200 pct

-WTO cases against China do not point to trade war - US Treasury attache

-China CITIC Bank raises 13.06 bln yuan from Shanghai IPO, 27.62 bln hkd from HK

-Beiqi Foton Motor targets 2007 sales of 20.1 bln yuan

-HK-listed CNOOC Q1 revenue down 10.9 pct at 14.85 bln yuan

-CNOOC, Texas American Resources sign production-sharing contract

-Baosteel Q1 net profit profit 3.68 bln yuan vs 1.43 bln

-Baosteel Q1 net profit up 156 pct; sees H1 net rising over 50 pct yr-on-yr

-Shanxi Taigang Stainless Q1 net profit 1.23 bln yuan vs 142.54 mln

-Hong Yuan Securities Q1 net profit 309.66 mln yuan vs 7.4 mln

-Hong Yuan Securities Q1 net profit rises sharply amid brisk stock market

-Pingdingshan Coal Q1 net profit 230.85 mln yuan

-Shenzhen Energy Q1 net profit 202.15 mln yuan vs 135.67 mln

-Panzhihua New Steel Q1 net profit 193.7 mln yuan vs 202.32 mln

-Shenzhen Chiwan Wharf Q1 net profit 142.39 mln yuan vs 151.38 mln

-Jiangling Motors Q1 net profit 139.73 mln yuan vs 224.19 mln

-Jiangling Motors Q1 net down 38 pct on falling prices, slower sales

-Nanjing Panda 2006 net profit 89.15 mln yuan vs 89.7 mln - CAS

-Nanjing Panda Q1 net profit 15.28 mln yuan vs 12.5 mln

-Konka Group Q1 net profit 25.49 mln yuan vs 25.05 mln

-Guangdong Expressway Q1 net profit 140.72 mln yuan vs 108.25 mln

-Hisense Electric Q1 net profit profit 50.1 mln yuan vs 40.9 mln

-Lucky Film Q1 net profit 3.58 mln yuan vs 3.10 mln

-Maanshan Iron & Steel Q1 net profit up 79.53 pct on higher prices

-China Shipping Container Q1 revenue up 23.9 pct

-China International Marine Containers Q1 net profit up 11.8 pct on strong sales

-AsiaInfo Q1 net income up sharply on telecom software revenue

-Generali China Life Insurance raises capital to 1.9 bln yuan from 1.3 bln

-Chalco to debut in Shanghai on April 30, two units to be delisted

-The9 SUN game hits 400,000 concurrent users in beta testing

-DVN Holdings secures 600 mln yuan digital TV project in Changzhou, China

-US-based GeoEye in geospatial service tie-up with China’s East-Dawn

-Achievo in vendor service agreement with CA for China clients

-Amoi Electronics, Microsoft tie up for 3G Smartphone development

-Winner Medical sets up jv in Jordan

-Ford’s China engine JV starts production

-Terra Nostra jv in 41 mln usd stainless steel supply deal in China

-METASwarm to open China sales, technical support office in Beijing

TAIWAN:

-Premier wants to see hike in minimum wage take effect July 1

-Govt says report it is mulling Singapore model on forex reserves management not true

-Corning to invest 129 mln usd in large-size capability for its Taiwan plant

-TSMC Q1 unaudited consolidated net profit 18.84 bln twd vs 27.91 bln Q4

-TSMC Q1 net profit falls as clients continue inventory clearance

-TSMC leaves intact 2007 capex at 2.6-2.8 bln usd

-TSMC sees Q2 consolidated sales 73-75 bln twd vs 64.90 bln in Q1

-TSMC sees sustainable recovery over remainder of the year

-Quanta Computer 2006 parent net profit 12.91 bln twd vs 10.90 bln

-Quanta Computer Q1 parent net profit 3.40 bln twd vs 4.19 bln in Q4

-Taiwan Mobile Q1 parent net profit 3.81 bln twd vs 3.10 bln

-Chi Mei Optoelectronics Q1 parent net loss 1.104 bln twd vs profit 436 mln

-Chi Mei Optoelectronics sees Q2 shipments up 15-20 pct vs Q1

-China Steel, Brazil’s CVRD sign 10-year iron ore procurement contract

-Yulon Nissan Q1 parent net profit 478.87 mln twd vs 1.05 bln

-Sampo 2006 parent net loss 4.10 bln twd vs loss 5.46 bln

-BenQ plans private placement of up to 700 mln new shares

-Tatung gains 293.25 mln twd on sale of Supermicro shares for 369.38 mln

SINGAPORE:

-March manufacturing output down 2.9 pct yr-on-yr; within forecast

-Govt to call for 730 mln sgd of new infocomm tenders in this FY

-Keppel Corp Q1 net profit 252 mln sgd vs 170 mln

-Keppel Corp Q1 net profit up 48 pct yr-on-yr; upbeat outlook

-STATS ChipPAC Q1 net profit 17.05 mln usd vs 12.02 mln

-STATS ChipPAC Q1 net profit rises 42 pct yr-on-yr; within target

-Ascott Group Q1 net profit 9.70 mln sgd vs 42.32 mln

-Ascott Group launches 300-500 mln usd China fund

-CapitaLand signs MOU to take stake in Russian property developer

-City Developments, Capitaland to launch JV condo at 680 sgd psf

-China Yuanbang launches Singapore IPO of 150 mln shares at 0.40 sgd each

-MDR in advanced talks with potential investor

-JEL Corp near to making strategic investment

INDONESIA:

-Retail space seen up 36 pct over the next two years - Procon Indah

-Bank Danamon Q1 net profit 482 bln rupiah vs 251 bln

-Fajar Surya Wisesa Q1 net profit 2.46 bln rupiah vs 66.70 bln

-Bank Lippo sees 2007 loan growth above 20 pct

-Excelcomindo shareholders approve 2006 dividend of 67 bln rupiah

PHILIPPINES:

-Central bank sees forex reserves at 25.5-26.0 bln usd by year-end

-Central bank sees April inflation at 2.0-2.7 pct

-Govt to resume auction of one-year T-bills next week

-Aboitiz Equity says power unit’s IPO to raise 8.4 bln pesos

-National Reinsurance to list 2.29 bln shares tomorrow

-UnionBank prices stock rights offer at 59.00 pesos/share

-Napocor eyes 500 mln usd in loans this year

THAILAND:

-Siam Cement Q1 net profit 8.21 bln baht, down 14 pct yr-on-yr

AUSTRALIA & NEW ZEALAND:

-NZealand central bank raises official cash rate 25 bps to quell strong demand

-Australia’s Westpac Feb leading index up 5.7 pct yr-on-yr vs 4.9 pct rise in Jan

-ANZ Banking Group H1 net profit 2.102 bln aud vs 1.811 bln

-ANZ Banking Group H1 net profit rises 16 pct on strong lending

-ANZ eyes Asia for future growth after record H1 profit

-Qantas Airways acquires 30 pct stake in Vietnam’s Pacific Airlines

-Toll says new infrastructure company Asciano to seek offshore growth

-Zinifex 9 mths to March output down 8 pct yr-on-yr

-AXA Asia Pacific funds under management exceed 100 bln aud

-Tabcorp says has not been approached for potential takeover

-QBE Insurance issues 550 mln usd in perpetual preferred shares

-Babcock & Brown Wind Partners to acquire wind farms in Europe

-Summit maintains support for Paladin’s offer despite Areva stake

INDIA:

-Decision on Vodafone deal likely tomorrow - official

xiaojing.jiang@xinhuafinance.com

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT:

JAPAN:

-Jan core machinery orders up 3.9 pct from Dec, beats forecast

-Japan, Australia to begin free trade talks in April

-Aeon, Daiei form alliance to create country’s largest retail group

-Osaka bourse to decide independently on listing status of Nikko Cordial

-GE Consumer Finance to close 273 personal loan business branches

SOUTH KOREA:

-Sumitomo Mitsui, SKorea’s Kookmin Bank to tie up in corporate banking

-POSCO to supply steel sheet to DaimlerChrysler

HONG KONG:

-Hutchison Telecom shareholders approve India unit sale

-Panva Gas rating raised to ‘BB+’ from ‘BB’ - S&P

-Dragonair pilots protest over armed guards on China flights

-Zijin Mining 2006 net profit 1.70 bln yuan vs 703.64 mln

-Zijin Mining 2006 net up 142 pct on high commodity prices, output hike

-Zijin Mining seeks to raise 6.3 bln yuan via Shanghai listing

-Orient Overseas Intl 2006 net profit 580.60 mln usd vs 650.85 mln

-Phoenix Satellite 2006 net profit 212.39 mln hkd vs 181.48 mln

-Hang Fung Gold sells 472-kilo gold display carriage for 74.99 mln hkd

-Agile Property to buy property project in Shanghai for 1.753 bln yuan

-Road King to lend 600 mln hkd to unit Sunco A Group

-Govt stops sale of Armenian bottled water brand after US ban

CHINA:

-China new tax law to be implemented from Jan 2008 if passed by parliament

-China to set up forex investment agency controlled by cabinet

-China hopes to implement fuel tax as soon as possible, says finance minister

-China may hike interest rates in Q2 - Standard Chartered

-China becomes the world’s biggest integrated circuit market - Xinhua

-Central bank issues 101 bln yuan in 3-yr special bank bills

-China second-tier logistics hubs show potential - Jones Lang LaSalle

-China Feb passenger vehicle sales up 20.55 pct at 417,700 units - Xinhua

-China steel firms to be hit with export tax rebate adjustment soon - Shougang

-China steelmakers to see little impact from Indian iron ore price hike- Shougang

-Shougang seeks more overseas acquisitions - chairman

-Goodrich to supply wheels, brakes for Shanghai Airline Dreamliners

-Xinjiang Bayi Steel 2006 net profit 157.42 mln yuan vs 245.18 mln

-Sichuan Swellfun 2006 net profit 100.87 mln yuan vs 77.81 mln

-Linktone Q4 net profit falls sharply on revenue drop, marketing costs

-eLong Q4 net loss 1.8 mln yuan on forex losses

-COSCO to boost crude oil carrying capacity to 8 mln dwt by 2010

-Agricultural Development Bank sells 10 bln yuan worth of bonds

-PetroChina sees investment in Xinjiang surpassing 30 bln yuan

-Yum! Brands China says food additive does no harm to human health

-Shanghai World Expo Land Holding issues 4 bln yuan worth of bonds

-China Yangtze Power to issue 1.5 bln yuan worth of 1-yr bills on March 14

-Shougang to shut down 4.0-mln-ton low-end mills by year-end

-Shanghai Auto Corp not planning list in HK or buy Chrysler - Xinhua

-Baotou Steel plans to issue up to 2 bln yuan short-term bonds

-Baosteel eyes auto steel sector expansion in 2007 - chairman

-Kelamayi field adds 78.32 mln tons of proven oil reserves in 2006

-CNPC seen regaining oil exploration rights to Iraq’s al-Ahdab field

-China Oilfield Services gets contract from Philippine PNOC-EDC

-Chinese regulator approves plans for Caofeidian steel production center

-China appoints HSBC primary dealer for open market operations

TAIWAN:

-Nanya sees Q1 sales down 16-18 pct vs Q4 on 30 pct drop in avg selling price

-Hon Hai Feb parent sales 71.59 bln twd vs 50.58 bln

-TSMC Feb consolidated sales 20.95 bln twd vs 21.39 bln in Jan

-China Airlines Feb parent sales 9.24 bln twd vs 8.34 bln

-Innolux Feb parent sales 8.27 bln twd vs 7.46 bln

-Yang Ming Marine Feb parent sales 8.21 bln twd vs 6.62 bln

-ASE Inc Feb consolidated sales 6.52 bln twd vs 7.85 bln

-Cathay Financial Jan-Feb net profit 5.68 bln twd, up 17.27 pct yr-on-yr

-Nanya Technology Feb parent sales 5.57 bln twd vs 4.84 bln

-Nanya may begin construction of new 12-inch-wafer plant in H2

-Inotera Feb parent sales 3.90 bln twd vs 2.89 bln

-Tatung Feb parent sales 2.68 bln twd vs 2.25 bln

-Taiwan Cement Feb parent sales 1.87 bln twd vs 1.80 bln

-Yulon Motor Feb parent sales 1.729 bln twd vs 1.730 bln

-China Motor Feb parent sales 1.67 bln twd vs 2.65 bln

-Mega Financial Feb net profit 1.34 bln twd vs 1.07 bln in Jan

-Taiwan Mobile Feb net profit 1.24 bln twd, unchanged from Jan

-Far EasTone Feb pretax profit 1.09 bln twd vs 1.23 bln in Jan

-First Financial Feb net profit 872 mln twd vs 991 mln in Jan

-Taiwan Glass Feb parent sales 866.79 mln twd vs 942.97 mln

-China Devt Financial Feb net profit 606 mln twd vs 429 mln

-Fubon Financial Feb net profit 447 mln twd vs 792 mln in Jan

-China Steel to raise Q2 domestic basic prices by avg 3.24 pct

-Fubon Financial 2006 net profit down 21 pct on consumer banking scare

-Cathay Life to buy real estate for up to 3.87 bln twd

-Shin Kong expects to establish Beijing life insurance JV this year

-Uni-President seeks stakes in Nissin Hualong, Hebei Hualong Group Paper

-Uni-President sets AGM for June 28

MALAYSIA:

-Malaysian insurance sector relative strength seen positive - Fitch

-EPF says to cut stake in RHB Capital to 40 pct from 75 pct

-EPF sees 5-6 pct return on investment from RHB in 5 yrs

-EPF says to maintain RHB Capital’s listing status

-EPF says more than one strategic partner needed

-EPF says will buy out Khazanah’s stake in RHB Bank

-EPF says will not manage RHB’s operations after deal is completed

-Kuwait Finance House hopes to cooperate with Utama, EPF in RHB deal

-Thai AirAsia management in talks to buy Asia Aviation’s 50 pct stake in airline

-Perodua Jan-Feb car sales up 4 pct yr-on-yr

-Goldman Sachs raises stake in AsiaEP; becomes major shareholder

INDONESIA:

-PGN to start Sumatra-Java gas pipeline operations March 11

-Excelcomindo assigned national long-term ‘AA(idn)’ rating - Fitch

-Pertamina shuts refinery due to lack of crude

-Bumi surveying for iron ore at Mauritanian mining area

PHILIPPINES:

-Jan merchandise exports 4.17 bln usd, up 27.3 pct year-on-year

-Philippines 2006 net foreign direct investment up 27 pct to 2.35 bln usd

-Philippines expects 45.8 bln peso budget deficit in Q1 - budget chief

-World Bank urges Philippine govt to reform finances further

-ICTSI to pay 389.1 mln yuan for 60 pct stake in Chinese port operator

-Trans-Asia signs farm-in deal with Switzerland’s Vitol for oil block

AUSTRALIA & NEW ZEALAND:

-Sojitz Corp invests in Australia coal project

-Warehouse Group warns rate hike will hurt sales

-The Warehouse Group H1 net profit 60.9 mln nzd vs loss 7.9 mln

-Babcock & Brown staff sell 478.8 mln aud worth of shares

-Sino Gold prices offer at 42.50 hkd a share ahead of HK listing

-Denmark’s SvitzerWijsmuller extends offer for Australia’s Adsteam to Mar 23

-Zinifex lowers offer to buy Canada’s Wolfden

THAILAND:

-Thai capital controls will stay - finance minister

-Thai corn exporters protest against 28 pct EU anti-dumping duties

INDIA:

-WPI rises to 6.10 pct for wk ended Feb 24 from 6.05 pct wk earlier

-One killed, 18 injured by bomb blast in Assam state

xiaojing.jiang@xinhuafinance.com

For more information and to contact AFX: www.afxnews.com and www.afxpress.com

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT

JAPAN:

-Jan current account surplus rises 49.8 pct, ahead of forecast

-Feb wholesale goods price index up 1.8 pct yr-on-yr

-Feb corporate failures down 2.9 pct from Jan - Teikoku

-Japan economy grew faster than initial estimate in Oct-Dec

-Japan revised Oct-Dec GDP - component breakdown

-Feb corporate failures drop 2.9 pct from Jan - Teikoku

-Japan consumer confidence rises for 2nd straight month in Feb

-Tokyo Stock Exchange to maintain Nikko Cordial’s listed status

-Mitsubishi Heavy wins gas turbine order from China’s Taiyuan Iron

-Kobe Steel to boost aluminum forging capacity at US plant

SOUTH KOREA:

-SKorea auditor asks financial supervisor to nullify Lone Star’s purchase of KEB

-Samsung develops world’s first eight-gigabyte memory card for mobiles

-Samsung Heavy wins 583.1 bln won drillship order from Europe

-Sumitomo Mitsui, SKorea’s Kookmin agree to tie up in corporate banking

-Kookmin Bank not currently in talks to buy additional BII stake

HONG KONG:

-Chalco sees rise in aluminum demand this year

-GZI Transport obtains 400 mln hkd loan from Bank of China (HK)

-CITIC Pacific offers preferential shrs in unit CITIC 1616 ahead of IPO

-TOM Group to buy out unit TOM Online for 1.57 bln hkd

-Midland Holdings 2006 net profit 149.94 mln hkd vs 213.63 mln

-Yue Yuen Feb opg revenue 259.77 mln usd

-Dynasty Fine Wines warns 2006 results to be affected by higher H2 cost

-China Mining unit buys 75.08 pct of Harbin Songjiang for 1.81 bln yuan

-CLP to inject Ho-Ping Power into jv OneEnergy

CHINA:

-China end-Feb M2 up 17.8 pct yr-on-yr - central bank

-Feb trade surplus 23.76 bln usd, Jan-Feb surplus at 39.6 bln - Customs

-February crude imports up 5.7 pct yr-on-yr at 12.1 mln tons - customs

-China needs monetary policy transparency, but time needed - central bank’s Zhou

-China central bank says aims to ensure healthy property market

-China central bank says to push forward market-oriented interest rate reform

-China needs to tighten monetary policy, cut excess liquidity - central bank

-China needs time to reduce trade surplus - central bank

-China yuan bonds to be unveiled soon in Hong Kong - central bank

-China to pursue gradual yuan reform in 2007, keep currency basically stable

-China’s postal reform to help use postal savings in rural sector - central bank

-Taiwan pro-independence moves hinder cooperation - China central bank chief

-China 2007 GDP seen easing to 9.6 pct, growth drivers more balanced - Lehman

-Trade penalties by US Congress would hurt US-China trade - commerce minister

-China says Doha Round trade talks at dead end due to US, EU

-China new oil pricing mechanism launched - state planner

-China not plundering Africa’s natural resources - Commerce Minister

-China may announce measures to deflate A-share market after NPC - Deutsche Bank

-Acquisition of China firms by foreigners welcome; needs regulation - minister

-China will absorb 10 mln migrant workers to state trade union in 2007- Xinhua

-China’s corporate tax law will not affect tax revenues - Pricewaterhouse Coopers

-Taiwan pro-independence moves hinder cooperation - China central bank chief

-Fitch upgrades support ratings of five Chinese commercial banks

-China FAW Group sees 2007 sedan sales surpassing 1 mln units

-China UnionPay, First Data in ATM deal for travellers to Australia

-China United Coalbed, Hong Kong Longmen ink coalbed methane contract-Xinhua

-Sichuan Changhong plans 1 bln yuan bill issue

-ALONG Mobile to boost net income 20 pct with 1 mln usd server upgrade

-Sinoenergy unit gets equipment to build CNG filling stations in Henan

-State Grid, Tibet government set up power joint venture

-ZTE orders 10 mln usd in telecom equipment from Comtech

-Laiwu Steel parent not aware of regulator rejecting Arcelor deal

TAIWAN:

-Hon Hai denies investment in EPISTAR, High Power, AOT

-Hon Hai units to buy 8.89 pct of Simplo Technology for 1.43 bln twd

-Shin Kong Financial Jan-Feb net profit 4.71 bln twd vs 6.52 bln

-Far Eastern Textile Feb parent sales 3.09 bln twd vs 2.88 bln

-Hua Nan Financial Feb net profit 717 mln twd vs 788 mln

-Taishin Financial Feb net profit 600 mln twd vs 1.17 bln

-China Airlines targets 2007 pretax profit over 2 bln twd - co official

-CAL targets 2007 pretax profit over 2 bln twd vs over 300 mln

-Acer gains 296.31 mln twd on sale of TSMC shares at avg 66.38 twd each

-Macronix reaches settlement with Spansion over lawsuit

-Mega declines comment on reported plan to sell Taiwan bank stake

SINGAPORE:

-2007 median GDP growth forecast raised to 5.4 pct - MAS survey

-ART issues up to 108.11 new units to raise 199 mln sgd

-Brothers Group, CEH Shenyang to build homes in China

MALAYSIA:

-Feb CPO output down 11.37 pct from Jan; palm oil exports down 15.33 pct

-Pension fund buys 1.69 mln additional shares in KLCC Property

-Maybank deposit rating raised to ‘A’ from ‘A-’ - Fitch

-Malaysian Resources Corp expects to seal a few land acquisitions by yr-end

-Bursa Malaysia queries Melewar on surge in share price, volume

-KLK, Glamour seeking resolution to LPF stake dispute

INDONESIA:

-Bimantara 2006 net profit 446 bln rupiah vs 136 bln

-Bimantara’s 2006 net profit up 228 pct on higher sales

-Matahari 2006 net profit 160.50 bln rupiah vs 222.66 bln rupiah

-Matahari 2006 net profit falls 28 pct on finance charges, forex loss

-Matahari to sell stores to Property Trust for 572.6 bln rupiah

-Mobile-8 2006 net profit 35.16 bln rupiah vs loss 286.70 bln

-Bakrie Sumatra unit issues 50 mln usd notes at 10.75 pct coupon rate

-Bukit Asam to develop coal bed methane in tie-up with PGN

-Apexindo Pratama increases offshore rigs to six

PHILIPPINES:

-Govt end-2006 debt drops to 64 pct of GDP vs 72 pct in 2005

-Govt hopes to auction 200-MW power plant on March 30

-Philex Mining 2006 net profit 3.086 bln pesos vs 409.1 mln

-RCBC to pay 15 pct stock dividend on March 29

-Ayala unit Cebu Property Ventures says 2006 net profit up 153 pct

AUSTRALIA & NEW ZEALAND:

-Australia Jan housing finance by volume rises 0.3 pct from Dec

-D&B Feb business survey shows improving sentiment

-Rio Tinto sees investment in new projects as substantially raising copper output

-Rio Tinto sees strong demand for products led by China as output response slow

-Suncorp-Metway proposes 1.17 bln aud entitlements issue

-Sims buys Californian electronics recycling business from Xstrata

-Macquarie Bank deputy chairman to retire

xiaojing.jiang@xinhuafinance.com

jod/km

For more information and to contact AFX: www.afxnews.com and www.afxpress.com

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT

JAPAN:

-March supermarket sales fall 1.5 pct yr-on-yr, down for 15th straight mth

-Japan utilities companies’ credit ratings upgraded to ‘AA’ - S&P

-Long-term sovereign ratings upgraded to ‘AA’ from ‘AA-’ - S&P

-Hoya FY net profit 83.4 bln yen vs 75.6 bln yen

-Hoya FY net profit up 10 pct on brisk photomask sales

-Hoya decides to continue talks with Pentax on launching tender offer

-Kao yr to March net profit 70.5 bln yen vs 71.1 bln

-Kao FY net profit falls for 2nd yr on rising costs, special charge

-Chugai Pharmaceutical Q1 net profit 13.28 bln yen vs 10.4 bln yen

-Seiko Epson cuts forecast of FY net loss to 7 bln yen from 18 bln yen

-Inpex Holdings raises yr to March net profit forecast on one-off gain

-Mazda Motor’s global sales volume up 2 pct in year to March

-Tokio Marine & Nichido, 5 other insurance firms’ ratings upgraded - S&P

-Daiichi Sankyo to sell two subsidiaries

SOUTH KOREA:

-SKorea resumes imports of US beef

-Hyundai Steel Q1 net profit 101.9 bln won vs 74.7 bln

-Hyundai Steel Q1 opg profit up nearly 60 pct on brisk exports

-LG Dacom Q1 net profit 37.8 bln won vs 31.6 bln

-LG Dacom posts record Q1 opg profit on strong core businesses

-LG Chem aiming for 1 trln won net profit within 5 yrs

HONG KONG:

-March CPI up 2.4 pct yr-on-yr vs up 0.8 pct in Feb

-China COSCO Q1 container shipping revenue 8.29 bln yuan, up 13.7 pct

-COSCO Pacific to invest in Qiongbei, Fuzhou and Jiangdu ports

-SPG Land to issue 1.158 bln yuan in convertible bonds

-Country Garden 2006 net profit 1.52 bln yuan vs 615.43 mln

-Shanghai Industrial 2006 net profit 1.26 bln hkd vs 1.03 bln

-Harbin Power Equipment 2006 net profit 1.02 bln yuan vs 464.99

-Global Bio-chem Tech 2006 net profit 501.23 mln hkd vs 466.48

-Soundwill Holdings 2006 net profit 422.47 mln hkd vs 547.42 mln

-Shanghai Jin Jiang 2006 net profit 334.91 mln yuan vs 312.84

-CITIC 1616 Holdings 2006 net profit 201.52 mln hkd vs 97.81 mln

-CITIC Resources 2006 net profit 200.82 mln hkd vs 221.70 mln

-Burwill Holdings 2006 net profit 149.38 mln hkd vs 72.75 mln

-Tingyi 2006 net profit 148.93 mln usd vs 123.53

-Chengdu Putian Telecom 2006 net profit 139.29 mln yuan vs 28.26

-China Merchants China Direct 2006 net profit 115.42 mln usd vs 7.83

-Kingway Brewery 2006 net profit 110.20 mln hkd vs 198.28 mln

-First Tractor 2006 net profit 72.85 mln yuan vs loss 50.44 mln

-Sino Golf 2006 net profit 33.32 mln hkd vs 31.56 mln

-Topsearch Intl 2006 net profit 28.34 mln hkd vs 93.21 mln

-Beijing Media 2006 net profit 21.92 mln yuan vs 10.09 mln

-Midas Intl Hldgs 2006 net profit 17.63 mln hkd vs 43.01 mln

-Bonjour Hldgs 2006 net profit 4.80 mln hkd vs loss 43.96 mln

-Great Wall Tech 2006 net loss 122.20 mln yuan vs profit 321.94

-Govt to auction Tuen Mun site on May 29

-China Wireless to issue bonus shares at ratio of 1-for-1

-China Everbright Intl to expand environmental protection business

-Glory Future signs preliminary deal to buy stake in Beijing Yingcai

-Morgan Stanley names Stephen Roach as Asia chairman

CHINA:

-Q1 insurance premium income up 22.7 pct at 196.45 bln yuan

-Regulator reiterates not to raise caps on foreign ownership of insurance jv

-Four foreign banks launch yuan services in China

-Main 3G concern is industry structure, not technology - Xinhua

-Yanzhou Coal 2006 net profit 1.749 bln yuan vs 2.495 bln - CAS

-Yanzhou Coal FY net profit down 29.9 pct on rising costs

-Jiangxi Copper Q1 net profit 836.13 mln yuan vs 913.86 mln

-Jiangxi Copper Q1 net profit dips 8.8 pct on rising raw material prices

-Chongqing Steel 2006 net profit 314.84 mln yuan vs 259.58 mln - CAS

-Chongqing Steel FY net profit up 21.29 pct on higher output, sales

-Chongqing Steel Q1 net profit 122.93 mln yuan

-China Merchants Energy Shipping Q1 net profit 212.49 mln yuan

-Yantai Changyu Q1 net profit 196.94 mln yuan vs 149.82 mln

-Shanghai Electric Power Q1 net profit 160.85 mln yuan vs 107.33 mln

-Beijing Jingneng Thermal Power Q1 net profit 72.21 mln yuan vs 29.50 mln

-Rizhao Port Q1 net profit 38.91 mln yuan

-Airbus to get 51 pct stake in north China aircraft assembly jv - Xinhua

-Insurance regulator says no group listing application yet from China Life

-Budget carrier Oasis approved for Hong Kong-Vancouver route

-China Mobile to invest 400 mln usd to extend Pakistan network - Xinhua

-China Mobile equipment tender may help domestic 3G vendors - Fitch

-China CITIC Bank confirms Shanghai IPO priced at 5.8 yuan, HK IPO at 5.86 hkd

-Sinopec Zhenhai, Lyondell Chemical set up 4.44 bln yuan chemical jv in Ningbo

-Bank of East Asia (China) opens branch in Shenyang

-Danone seeking settlement with China JV partner Wahaha

-Tian An Insurance targets listing next year - Xinhua

-Danisco unit Genencor begins production at eastern China enzyme plant

TAIWAN:

-Asia LCD TV panel contract prices for 2nd half of April mostly stable - survey

-March unemployment 3.94 pct vs 3.78 pct in Feb

-Marks & Spencer to open first Taiwan store in May, two more by yr-end

-Powerchip Q1 parent net profit 7.53 bln twd vs 15.33 bln in Q4

-Yang Ming Marine confirms plans to lease, buy new container vessels

-TSMC buys machinery from Dainippon Screen, Novellus Systems

-Chunghwa Picture plans to skip 2006 dividend

SINGAPORE:

-March CPI up 0.7 pct yr-on-yr, down 0.2 pct vs Feb

-Singapore REITs market is largest in Asia outside Japan - minister

-Singapore Exchange to launch new order system in Q4

-Singapore Telecom aims for double-digit growth in medium term

-Ho Bee eyes more acquisitions this yr amid strong cash flow

-Ascott to issue 210 mln sgd in fixed/floating rate notes

-Olam to buy US-based peanut firm for 77 mln usd

-Olam unit extends takeover offer for Queensland Cotton to May 30

-Frasers Centrepoint Q2 DPU 0.0167 sgd, 14.4 pct above forecast

-F&N property unit to invest 200-300 mln aud in Australia

-Ezra unit to raise 43.3 mln usd via Oslo listing

-City Developments buys property for 30 mln sgd

-Walnut extends takeover offer for Singapore’s Chuan Hup to May 7

MALAYSIA:

-Govt signs air service agreements with 85 countries - minister

-Sin Chew, Nanyang, HK’s Ming Pao sign merger agreement

-Sin Chew says merged entity to seek M&A; venture into broadcasting

-Sin Chew says merged entity will not retrench staff

-Malaysia Airlines shareholders approve rights, preference shares issue

-FAX to order 10 A330-300s, option for another 5

-Nanyang Press to return to profitability in fiscal 2008 - chairman

-Superlon to list on second board on Wednesday

INDONESIA:

-Govt cuts import duty for automotive component raw materials to zero

-Freeport Indonesia workers call off protest after deal on wages struck

-Berlian proposed 200 mln usd bond assigned ‘BB-’ rating - Fitch

-Berlian proposed bonds assigned ‘B+’ rating - S&P

-Berlian names Deutsche Bank, JP Morgan to manage bond sales

-Radiant Utama to issue 125 bln rupiah worth of bonds

-Bank Mayapada plans 1-for-1 rights issue to raise 592.6 bln rupiah

-Multistrada proposes rights issue to raise 524 bln rupiah

-BTN Q1 net profit 132.98 bln rupiah vs 130.52 bln

PHILIPPINES:

-Govt drops bid to post budget surplus in 2009, 2010 - finance official

-Govt budget deficit 33.4 bln pesos in March, above ceiling in Q1

-Govt moves Iloilo airport site auction to May 9

-Aboitiz Power acquires stakes in Cebu power firms

AUSTRALIA & NEW ZEALAND:

-Australia Q1 producer price index steady on Q4 versus consensus 0.6 pct rise

-Qantas says APA bidding consortium offer to close on May 4

-Alumina completes 250 mln aud share buyback

-ANZ lifts bid for E*Trade to 4.30 aud a share, offers scrip option

-Lihir Gold raises initial 972 mln aud through share offer

-Summit Resources says deal with France’s Areva cancelled

-PNG’s Australia-listed Oil Search Q1 output falls to 2.29 mln boe

-Zinifex finalizes JV deal with Belgium’s Umicore

INDIA:

-Outsourcing sector sets up watchdog to stamp out data theft

xiaojing.jiang@xinhuafinance.com

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 0500 GMT:

JAPAN:

-Japan Jan core machinery orders up 3.9 pct from Dec, beats forecast

-Osaka bourse to decide independently on listing status of Nikko Cordial

-GE Consumer Finance to close 273 personal loan business branches

SOUTH KOREA:

-POSCO to supply steel sheet to DaimlerChrysler

HONG KONG:

-Hong Kong stops sale of Armenian bottled water brand after US ban

-Dragonair pilots protest over armed guards on China flights

-Zijin Mining 2006 net profit 1.70 bln yuan vs 703.64 mln

-Zijin Mining 2006 net up 142 pct on high commodity prices, output hike

-Zijin Mining seeks to raise 6.3 bln yuan via Shanghai listing

-Phoenix Satellite 2006 net profit 212.39 mln hkd vs 181.48 mln

-Agile Property to buy property project in Shanghai for 1.753 bln yuan

-Hang Fung Gold sells 472-kilo gold display carriage for 74.99 mln hkd

CHINA:

-China new tax law to be implemented from Jan 2008 if passed by parliament

-China to set up forex investment agency controlled by cabinet

-China hopes to implement fuel tax as soon as possible, says finance minister

-Central bank issues 101 bln yuan in 3-yr special bank bills

-China second-tier logistics hubs show potential - Jones Lang LaSalle

-China steel firms to be hit with export tax rebate adjustment soon - Shougang

-China steelmakers to see little impact from Indian iron ore price hike- Shougang

-Shougang seeks more overseas acquisitions - chairman

-Xinjiang Bayi Steel 2006 net profit 157.42 mln yuan vs 245.18 mln

-Sichuan Swellfun 2006 net profit 100.87 mln yuan vs 77.81 mln

-Linktone Q4 net profit falls sharply on revenue drop, marketing costs

-eLong Q4 net loss 1.8 mln yuan on forex losses

-COSCO to boost crude oil carrying capacity to 8 mln dwt by 2010

-China Yangtze Power to issue 1.5 bln yuan worth of 1-yr bills on March 14

-Shougang to shut down 4.0-mln-ton low-end mills by year-end

-Shanghai Auto Corp not planning list in HK or buy Chrysler - Xinhua

-Baotou Steel plans to issue up to 2 bln yuan short-term bonds

-Kelamayi field adds 78.32 mln tons of proven oil reserves in 2006

-CNPC seen regaining oil exploration rights to Iraq’s al-Ahdab field

-Hong Kong-listed China Oilfield Services gets contract with Philippine PNOC-EDC

-Chinese regulator approves plans for Caofeidian steel production center

-China appoints HSBC primary dealer for open market operations

TAIWAN:

-China Airlines Feb parent sales 9.24 bln twd vs 8.34 bln

-Tatung Feb parent sales 2.68 bln twd vs 2.25 bln

-Taiwan Cement Feb parent sales 1.87 bln twd vs 1.80 bln

-Yulon Motor Feb parent sales 1.729 bln twd vs 1.730 bln

-Taiwan Mobile Feb net profit 1.24 bln twd, unchanged from Jan

-Nanya sees Q1 sales down 16-18 pct vs Q4 on 30 pct pricing fall

-Fubon Financial 2006 net profit down 21 pct on consumer banking scare

-Cathay Life to buy real estate for up to 3.87 bln twd

-Shin Kong expects to establish Beijing life insurance JV this year

MALAYSIA:

-Kuwait Finance House hopes to cooperate with Utama, EPF in Malaysia’s RHB deal

-EPF says will not manage RHB’s operations after deal is completed

-Goldman Sachs raises stake in Malaysia’s AsiaEP; becomes major shareholder

PHILIPPINES:

-Philippine Jan merchandise exports 4.17 bln usd, up 27.3 pct year-on-year

-Philippines expects 45.8 bln peso budget deficit in Q1 - budget chief

-Trans-Asia signs farm-in deal with Switzerland’s Vitol for oil block

AUSTRALIA & NEW ZEALAND:

-Japan’s Sojitz Corp invests in Australia coal project

-Warehouse Group warns rate hike will hurt sales

-The Warehouse Group H1 net profit 60.9 mln nzd vs loss 7.9 mln

-Babcock & Brown staff sell 478.8 mln aud worth of shares

-Sino Gold prices offer at 42.50 hkd a share ahead of HK listing

-Denmark’s SvitzerWijsmuller extends offer for Australia’s Adsteam to Mar 23

-Zinifex lowers offer to buy Canada’s Wolfden

INDIA:

-One killed, 18 injured by bomb blast in India’s Assam state

xiaojing.jiang@xinhuafinance.com

jod/mas

For more information and to contact AFX: www.afxnews.com and www.afxpress.com

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT

JAPAN:

-Jan current account surplus rises 49.8 pct, ahead of forecast

-Feb wholesale goods price index up 1.8 pct yr-on-yr

-Feb corporate failures down 2.9 pct from Jan - Teikoku

-Japan economy grew faster than initial estimate in Oct-Dec

-Japan revised Oct-Dec GDP - component breakdown

-Feb corporate failures drop 2.9 pct from Jan - Teikoku

-Japan consumer confidence rises for 2nd straight month in Feb

-Tokyo Stock Exchange to maintain Nikko Cordial’s listed status

-Mitsubishi Heavy wins gas turbine order from China’s Taiyuan Iron

-Kobe Steel to boost aluminum forging capacity at US plant

SOUTH KOREA:

-SKorea auditor asks financial supervisor to nullify Lone Star’s purchase of KEB

-Samsung develops world’s first eight-gigabyte memory card for mobiles

-Samsung Heavy wins 583.1 bln won drillship order from Europe

-Sumitomo Mitsui, SKorea’s Kookmin agree to tie up in corporate banking

-Kookmin Bank not currently in talks to buy additional BII stake

HONG KONG:

-Chalco sees rise in aluminum demand this year

-GZI Transport obtains 400 mln hkd loan from Bank of China (HK)

-CITIC Pacific offers preferential shrs in unit CITIC 1616 ahead of IPO

-TOM Group to buy out unit TOM Online for 1.57 bln hkd

-Midland Holdings 2006 net profit 149.94 mln hkd vs 213.63 mln

-Yue Yuen Feb opg revenue 259.77 mln usd

-Dynasty Fine Wines warns 2006 results to be affected by higher H2 cost

-China Mining unit buys 75.08 pct of Harbin Songjiang for 1.81 bln yuan

-CLP to inject Ho-Ping Power into jv OneEnergy

CHINA:

-China end-Feb M2 up 17.8 pct yr-on-yr - central bank

-Feb trade surplus 23.76 bln usd, Jan-Feb surplus at 39.6 bln - Customs

-February crude imports up 5.7 pct yr-on-yr at 12.1 mln tons - customs

-China needs monetary policy transparency, but time needed - central bank’s Zhou

-China central bank says aims to ensure healthy property market

-China central bank says to push forward market-oriented interest rate reform

-China needs to tighten monetary policy, cut excess liquidity - central bank

-China needs time to reduce trade surplus - central bank

-China yuan bonds to be unveiled soon in Hong Kong - central bank

-China to pursue gradual yuan reform in 2007, keep currency basically stable

-China’s postal reform to help use postal savings in rural sector - central bank

-Taiwan pro-independence moves hinder cooperation - China central bank chief

-China 2007 GDP seen easing to 9.6 pct, growth drivers more balanced - Lehman

-Trade penalties by US Congress would hurt US-China trade - commerce minister

-China says Doha Round trade talks at dead end due to US, EU

-China new oil pricing mechanism launched - state planner

-China not plundering Africa’s natural resources - Commerce Minister

-China may announce measures to deflate A-share market after NPC - Deutsche Bank

-Acquisition of China firms by foreigners welcome; needs regulation - minister

-China will absorb 10 mln migrant workers to state trade union in 2007- Xinhua

-China’s corporate tax law will not affect tax revenues - Pricewaterhouse Coopers

-Taiwan pro-independence moves hinder cooperation - China central bank chief

-Fitch upgrades support ratings of five Chinese commercial banks

-China FAW Group sees 2007 sedan sales surpassing 1 mln units

-China UnionPay, First Data in ATM deal for travellers to Australia

-China United Coalbed, Hong Kong Longmen ink coalbed methane contract-Xinhua

-Sichuan Changhong plans 1 bln yuan bill issue

-ALONG Mobile to boost net income 20 pct with 1 mln usd server upgrade

-Sinoenergy unit gets equipment to build CNG filling stations in Henan

-State Grid, Tibet government set up power joint venture

-ZTE orders 10 mln usd in telecom equipment from Comtech

-Laiwu Steel parent not aware of regulator rejecting Arcelor deal

TAIWAN:

-Hon Hai denies investment in EPISTAR, High Power, AOT

-Hon Hai units to buy 8.89 pct of Simplo Technology for 1.43 bln twd

-Shin Kong Financial Jan-Feb net profit 4.71 bln twd vs 6.52 bln

-Far Eastern Textile Feb parent sales 3.09 bln twd vs 2.88 bln

-Hua Nan Financial Feb net profit 717 mln twd vs 788 mln

-Taishin Financial Feb net profit 600 mln twd vs 1.17 bln

-China Airlines targets 2007 pretax profit over 2 bln twd - co official

-CAL targets 2007 pretax profit over 2 bln twd vs over 300 mln

-Acer gains 296.31 mln twd on sale of TSMC shares at avg 66.38 twd each

-Macronix reaches settlement with Spansion over lawsuit

-Mega declines comment on reported plan to sell Taiwan bank stake

SINGAPORE:

-2007 median GDP growth forecast raised to 5.4 pct - MAS survey

-ART issues up to 108.11 new units to raise 199 mln sgd

-Brothers Group, CEH Shenyang to build homes in China

MALAYSIA:

-Feb CPO output down 11.37 pct from Jan; palm oil exports down 15.33 pct

-Pension fund buys 1.69 mln additional shares in KLCC Property

-Maybank deposit rating raised to ‘A’ from ‘A-’ - Fitch

-Malaysian Resources Corp expects to seal a few land acquisitions by yr-end

-Bursa Malaysia queries Melewar on surge in share price, volume

-KLK, Glamour seeking resolution to LPF stake dispute

INDONESIA:

-Bimantara 2006 net profit 446 bln rupiah vs 136 bln

-Bimantara’s 2006 net profit up 228 pct on higher sales

-Matahari 2006 net profit 160.50 bln rupiah vs 222.66 bln rupiah

-Matahari 2006 net profit falls 28 pct on finance charges, forex loss

-Matahari to sell stores to Property Trust for 572.6 bln rupiah

-Mobile-8 2006 net profit 35.16 bln rupiah vs loss 286.70 bln

-Bakrie Sumatra unit issues 50 mln usd notes at 10.75 pct coupon rate

-Bukit Asam to develop coal bed methane in tie-up with PGN

-Apexindo Pratama increases offshore rigs to six

PHILIPPINES:

-Govt end-2006 debt drops to 64 pct of GDP vs 72 pct in 2005

-Govt hopes to auction 200-MW power plant on March 30

-Philex Mining 2006 net profit 3.086 bln pesos vs 409.1 mln

-RCBC to pay 15 pct stock dividend on March 29

-Ayala unit Cebu Property Ventures says 2006 net profit up 153 pct

AUSTRALIA & NEW ZEALAND:

-Australia Jan housing finance by volume rises 0.3 pct from Dec

-D&B Feb business survey shows improving sentiment

-Rio Tinto sees investment in new projects as substantially raising copper output

-Rio Tinto sees strong demand for products led by China as output response slow

-Suncorp-Metway proposes 1.17 bln aud entitlements issue

-Sims buys Californian electronics recycling business from Xstrata

-Macquarie Bank deputy chairman to retire

xiaojing.jiang@xinhuafinance.com

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For more information and to contact AFX: www.afxnews.com and www.afxpress.com

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT

JAPAN:

-Bank of Japan’s Fukui reiterates economy expanding moderately, deflation easing

-BoJ says regional gaps in national economic growth

-March department store sales down 1.5 pct year-on-year

-Feb tertiary index up 1.0 pct from Jan; 2nd straight monthly rise

-Mitsubishi Motors to launch new diesel engine in Europe in 2009

-ANA’s ratings under review for possible upgrade - Moody’s

-TDK sells TDK-brand recording media business to Imation for 300 mln usd

-Sekisui Chemical sets up US unit to expand plastic sheets business

-Rakuten aims to increase stake in TBS to over 20 pct

SOUTH KOREA:

-LG Electronics consolidated Q1 opg profit 28 bln won vs 171 bln

-LG Elec Q1 consolidated opg profit down more than 80 pct on weak display ops

-SK Networks creditors agree to end debt workout program early

-Pantech Group firms put on debt workout program

-Samsung Elec, Microsoft sign patent cross licensing deal

-Ssangyong Motor targets big slice of China’s SUV market with new model

HONG KONG:

-Jan-March unemployment 4.3 pct, unchanged from Dec-Feb

-Dongfeng Motor 2006 net profit 2.08 bln yuan vs 1.6 bln

-Techtronic Industries 2006 net profit 1.07 bln hkd vs 1.02 bln

-COFCO Intl 2006 net profit 990.06 mln hkd vs 562.84 mln

-Sinolink 2006 net profit 962.43 mln hkd vs 670.91 mln

-Tianjin Development 2006 net profit 552.75 mln hkd vs 573.17 mln

-Beijing North Star 2006 net profit 395.27 mln yuan vs 253.60 mln - IAS

-CCT Telecom 2006 net profit 358 mln hkd vs 225 mln

-Regal Hotels Intl 2006 net profit 331.3 mln hkd vs 528.4 mln

-Paliburg Hldgs 2006 net profit 300.1 mln hkd vs 517.4 mln

-Lianhua Supermarket 2006 net profit 241.60 mln yuan vs 239.68 mln

-Golden Eagle Retail 2006 net profit 232.0 mln yuan vs 133.05 mln

-China Rare Earth 2006 net profit 209.26 mln hkd vs 130.21 mln

-Jingwei Textile 2006 net profit 187.44 mln yuan vs 153.03 mln

-Man Yue Intl 2006 net profit 121.66 mln hkd vs 95.70 mln

-Dynasty Fine Wines 2006 net profit 114.80 mln hkd vs 178.99 mln

-Century City 2006 net profit 106.8 mln hkd vs 270.8 mln

-CCT Tech 2006 net profit 100 mln hkd vs 113 mln

-China Haisheng Juice 2006 net profit 65.75 mln yuan vs 122.69 mln

-Enerchina Hldgs 2006 net loss 79.62 mln hkd vs profit 190.96 mln

-Hualing Hldgs 2006 net loss 112.65 mln hkd vs loss 283.54 mln

-Galaxy Entertainment traces 2006 loss to depreciation, finance cost

-Xinyu Hengdeli Q1 net profit up 152 pct on strong retail ops

-Cheung Kong, Hutchison win Chongqing land use right for 2.45 bln yuan

-China’s Country Garden says HK IPO retail tranche 255 times oversubscribed

-China National Building to buy 80 pct of Taishan Cement for 307 mln yuan

-China Properties in 300 mln usd debt issue to fund projects

-TCL Comm to raise stake in unit JRDC for 39.31 mln usd

-Al Rajhi Bank Malaysia to implement world’s first Islamic fund e-transfer

-China Oriental exec director quits over differences with board members

CHINA:

-Q1 GDP up 11.1 pct yr-on-yr - statistics bureau

-Q1 CPI up 2.7 pct yr-on-yr - statistics bureau

-March CPI up 3.3 pct yr-on-yr - statistics bureau

-Q1 ‘average’ CPI up 2.7 pct yr-on-yr - statistics bureau

-Q1 PPI up 2.9 pct yr-on-yr - Stats Bureau

-Q1 fixed-asset investment up 23.7 pct yr-on-year - stats bureau

-Q1 industrial output up 18.3 pct yr-on-yr b

-March industrial output up 17.6 pct yr-on-yr - stats bureau

-Q1 retail sales up 14.9 pct yr-on-yr at 2.119 trln yuan - stats bureau

-March retail sales up 15.3 pct yr-on-yr - stats bureau

-End-2006 foreign debt at 322.988 bln usd - forex regulator

-Urban per capita disposable income up 19.5 pct, rural up 15.2 pct - stats

-China delay in Q1 data not result of ‘abnormal’ factors - stats bureau

-Economic growth stable, CPI rise driven by food prices - stats bureau

-China aiming for stable, fast growth and to avoid ‘hard landing’ - stats bureau

-Q1 shipbuilding output up 8 pct yr-on-yr at 2.6 mln dwt - regulator

-Govt needs more time to meet energy efficiency targets - official

-Food prices could create more inflationary pressure - stats bureau

-Market prices up in Q1, domestic market sales accelerate - stats bureau

-Credit growth too fast, investment needs to be curbed - premier

-China bank reform ‘on the whole successful,’ caution needed - regulator

-China, Serbia boost agricultural ties, sign wheat export protocol - Xinhua

-Asian American Coal to develop second China coal mine in Shanxi

-Jiangxi Copper 2006 net profit 4.61 bln yuan vs 1.85 bln - CAS

-Jiangxi Copper FY net profit more than doubles on higher selling prices

-Shenzhen Chiwan Wharf 2006 net profit 613.96 mln yuan vs 583.45 mln

-Shenzhen Overseas 2006 net profit 580.88 mln yuan vs 480.2 mln

-Jianghuai Auto 2006 net profit 411.76 mln yuan vs 497.75 mln

-Baotou Aluminium 2006 net profit 403.07 mln yuan vs 132.14 mln

-Beijing North Star 2006 net profit 335.17 mln yuan vs 209.03 mln - CAS

-China Yangtze Power Q1 net profit 395.74 mln yuan vs 400.98 mln

-China Yangtze Power Q1 net profit down 1.31 pct on higher costs

-Datang Intl Power Q1 power output 27.53 bln kwh, up 38.6 pct yr-on-yr

-Baotou Aluminium Q1 net profit 134.92 mln yuan vs 88.37 mln

-Konka Group 2006 net profit 102.64 mln yuan vs 71.9 mln

-Shanxi Guanlu sees Q1 net profit up 300 pct yr-on-yr

-Changan Ford Mazda jv to begin production soon; Nanjing jv by year-end

-Chery targets total sales of 500,000 cars this year - chairman

-Ford/Mazda China joint venture engine, auto plants to begin production this year

-GM to unveil new fuel cell variant of E-Flex car in Shanghai

-SAIC says ready to talk with Nanjing Auto on easing brand competition

-SAIC to challenge jv partners Volkswagen, General Motors

-Chnia Eastern Airlines March passengers up 8 pct, Q1 up 7.15 pct yr-on-yr

-Shanghai Zhenhua Port extends 5-year sales contract with AP Moller Maersk

-Ping An Insurance to allow board to raise funds via H-share placement

-Voice Diary unit Suining signs 5-year supply deal with Derentang Pharma

-Baosteel wins Sinopec crude oil storage tank contract

-Zhejiang Hangxiao unit signs 52.13 mln yuan subcontract with Punj Lloyd

-InterContinental to franchise Holiday Inn Express in China

-Bohai Bank sets up investment banking arm

TAIWAN:

-2007 GDP growth forecast raised to 4.17 pct from 4.13 pct - CIER

-Govt approves 175.76 mln usd worth of China-bound investments

-Telecom operators need to protect their credit health - Taiwan Ratings

-ASE says no fresh private-equity fund interest after Carlyle drops bid

SINGAPORE:

-Singapore Exchange CEO quits as non-executive director of PrimeFounders

-Marina Bay Financial Centre secures Standard Chartered tenancy

-Sinwa forms jv for 40.5 mln usd Charter deal

-Sinwa in 40.5 mln usd vessel charter deal with Nordic

-BBR Holdings to raise 24.67 mln sgd via placement

-CSE units win two contracts worth 24 mln sgd

MALAYSIA:

-Govt should deregulate steel industry to solve supply shortage - associations

-Malaysia Airlines says on track to roll out eTicketing service by Sept

-Cahya Mata serial bonds rating outlook revised to positive - RAM

-SC charges GP Ocean founders for falsifying listing proposal

-Talam Corp unit to sell land, hospital building for 63.5 mln rgt

INDONESIA:

-Provincial agency, Ireland’s Dublin Port plan port in N.Sumatra - official

-April 24 planned treasury bill issue postponed

-Bank Niaga Q1 net profit 201.66 bln rupiah vs 177.24 bln

-Bank Niaga Q1 net profit up 14 pct yr-on-yr on consumer loan rise

-Bank Niaga 2007 loans growth seen up 20-25 pct

-Bank Mandiri Q1 net profit 1.03 trln rupiah vs 510 bln

-Energi shareholders approve Kangean sale to Mitsubishi Corp, Japex

PHILIPPINES:

-Central bank keeps key rates steady, maintains tier scheme

-Pacific Online Q1 net profit up 89 pct yr-on-yr on higher revenue

-PNOC Energy 2006 net profit down 31.6 pct on weak sales

-Republic Cement approves merger with Fortune Cement, 2 other units

-Japan’s NTT DoCoMo raises stake in Philippines’ PLDT to 14.5 pct

THAILAND:

-ConocoPhillips to seek Thai business after exit from retail petrol market

AUSTRALIA & NEW ZEALAND:

-Oxiana says Indonesian Martabe gold mine may produce 250,000 oz/year

-Rio Tinto 3 mths to March output up as expansion offsets weather disruptions

-Woodside sees reserves possibly doubling on Browse Basin development

-Challenger pays 565 mln eur for global storage operator LBC Group

-AXA Asia Pacific shareholders back Winterthur HK acquisition

-Rural Press shareholders back merger with Fairfax Media

-Foster’s Group sells wine clubs business for 290 mln aud

xiaojing.jiang@xinhuafinance.com

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT

JAPAN:

-Jan core CPI flat yr-on-yr, matching forecast

-Jan unemployment rate 4.0 pct, unchanged from Dec

-Jan household spending up 0.6 pct yr-on-yr, 1st rise in 13 mths

-Japan monetary base down 21.1 pct in Feb, down for 12th straight month

-Jan employee average pay down 1.4 pct, overtime pay down 0.7 pct yr-on-yr

-Japan denies reported offer of compromise with China on disputed gas fields

-Japanese academic blames stockmarket volatility on overheating in China, India

-Nomura Holdings sees yr-end dividend exceeding 32 yen

-Fast Retailing Feb same-store sales up 3.3 pct yr-on-yr

SOUTH KOREA:

-Feb CPI up 2.2 pct yr-on-yr; up 0.7 pct from Jan

-Jan service sector output up 4.6 pct yr-on-yr vs 5.4 pct rise in Dec

-SKorea exports slower in Feb on plant shutdowns for Lunar New Year

-SKorea to resume food aid to NKorea - official

-Hyundai Motor Feb car sales 191,231 units, down 5.9 pct yr-on-yr

-Kia Motors Feb car sales 103,373 units, down 10.7 pct yr-on-yr

-GM Daewoo Auto Feb car sales 62,671 units, up 29.5 pct yr-on-yr

-Renault Samsung Feb car sales 14,304 units, up 17.3 pct yr-on-yr

-Ssangyong Motor Feb car sales up 15.8 pct yr-on-yr at 10,948 units

-S-Oil 2006 net profit 758.6 bln won vs 654.9 bln

-SKorea Doosan Heavy wins 1.14 bln usd power plant deal in Dubai

-Samsung Elec begins DRAM mass production on 60 nm-class technology

HONG KONG:

-China Shipping Container to tie up with China rail transportation firm

-Pearl Oriental in 100 mln hkd oil exploration JV with CITIC unit

-Pacific Century Insurance rating on review for possible upgrade - Moody’s

-Great Wall Motor to set up 121.8 mln yuan JV with Tatarstan govt unit

-Golden Harvest completes 203 mln hkd sale of Malaysia stake

-Malaysia’s Samling prices Hong Kong IPO at 2.08 hkd, top end of range - source

-Hong Kong Health Check in talks to buy stake in medical group

-China Insurance unit Tai Ping Jan premium income down 18 pct yr-on-yr

CHINA:

-Feb manufacturing PMI 53.1 vs 55.1 in Jan - CFLP

-Forex regulator says to adjust 2007 short-term foreign debt management

-China strengthens futures risk controls

-Coal mine safety violators now liable for up to 7 yrs prison - state media

-China issues preferential taxes for coal gas industry - Xinhua

-Coal prices could rise on China’s demand, production cuts - Numis

-China opens first village banks for rural microlending program - Xinhua

-China studying new ways to improve insurance for farmers - state media

-China-Russia border trade reaches 7 bln usd in 2006, up 15 pct - state media

-China dismisses 9 officials involved in Shanghai pensions scandal

-Exim Bank issues 8 bln yuan in 2-yr debt

-Agriculture Development Bank of China to issue 10 bln yuan in debt

-China Shipping Group issues 2 bln yuan in short-term debt

-Poly Group issues 1.2 bln yuan in short-term debt

-Lenovo recalls 205,000 laptop batteries

-Shenhua Group 2006 coal output up 35.6 pct at 203 mln tons

-Datong Coal 2006 coal output up 9 pct at 61.75 mln tons

-KongZhong 2006 net profit up 11 pct at 24.7 mln usd on strong sales

-China Shipping Group signs strategic alliance agreement with Shenhua Group

-Ping An Insurance to be added to Shanghai bourse indices from March 15

-China’s job search site 51job 2006 net profit up 62 pct on margin growth

-ALONG Mobile 2006 net profit jumps to 3.3 mln usd on northwest expansion

-S&P Equity Research names 25 stock picks for Greater China

-Westinghouse signs deal with China for 4 AP1000 nuclear power plants

-Three Gorges targets 78.6 bln kwh in 2007, up 23 pct - state media

-hiSoft Technology acquires US IT outsourcing firm Envisage Solutions

-Excel Technology in CRM solutions tie up with CDC Software

-China regulator approves Bosai Minerals’ stake buy in Guyana’s Omai Bauxite

-Wal-Mart to take control of Trust-Mart’s China ops by 2010

-China Huadian Corp completes successful trial of new generating unit

-IFC to lend China’s Shandong Weigao 20 mln usd for medical device development

-Disney unaware of ESPN China licensing issues

-AutoMart completes merger with Deep Field Tech

-Wuhan Boiler says Alstom’s new plan to buy in little changed

-CSG Holding to issue 800 mln yuan in one-yr bills

TAIWAN:

-Jan leading index up 0.6 pct from Dec

-Jan export orders 25.93 bln usd vs 26.39 bln in Dec

-Jan industrial output down 0.58 pct from Dec, up 4.76 pct yr-on-yr

-Jan bad check ratio by value 0.72 pct vs 0.57 pct in Dec

-Taiwan says ready to assist EU probe into licensing system for recordable CDs

-Taiwan central bank to auction 364-day certificates of deposit March 9

-Taiwan High Speed Rail launches ops on last section

-Taiwan govt-related entities to raise stake in China Devt Financial

-Chunghwa Telecom to outline capital restructuring moves by mid-April

-Powerchip Feb parent sales 9.22 bln twd vs 4.93 bln

-Powerchip buys 8.29 mln ASE Inc shares at avg price 36.71 twd/shr

-Compal Electronics 2006 parent net profit 8.75 bln twd vs 8.42 bln

-China Steel Feb parent pretax profit 5.03 bln twd,up 189 pct on yr

-VIA Technologies Feb parent sales 1.08 bln twd vs 2.32 bln

-Taishin Intl Bank Feb pretax profit 479 mln twd vs 266 mln in Jan

SINGAPORE:

-Darco wins 15 new industrial deals worth 17.4 mln sgd

MALAYSIA:

-Petronas forms marketing alliance with Italy’s Selenia

-Muhibbah targets 2-3 bln rgt in oil and gas contracts

-AMMB, ANZ formalise deals on proposed equity participation

-Peremba sells 75 mln PECD shares, no longer major shareholder

-Goh Tai He disposes 11.42 mln Goh Ban Huat shares

-Eon Capital grants more time to RHB Capital to accept takeover offer

-DRB-Hicom wins Bank Negara nod to start talks on Eon Capital sale

INDONESIA:

-Bank Indonesia end-Feb forex reserves 45.69 bln usd vs 43.27 bln end-Jan

-Govt selects 16 agents to sell retail bonds

-Timah says 144 tons of tin impounded, denies it was smuggled

-Energi sells 50 pct stake in Kangean gas block to Mitsubishi, Japex

-Jasa Marga expects 2-3 trln rupiah proceeds from IPO

PHILIPPINES:

-Philippine central bank approves govt’s repayment of remaining Brady bonds

-Geograce Resources eyes listing in London, Australia

-Universal Robina Corp to acquire Nestle Waters Philippines

AUSTRALIA & NEW ZEALAND:

-Australia Jan retail sales rise 0.9 pct vs Dec

-AGL raises offer for 27.5 pct of Queensland Gas to 1.60 aud a share

-Queensland Gas supports AGL deal ahead of TCW takeover bid

-Australian regulator revokes competition notice issued to Telstra

-Macquarie Bank now sees H2 net profit topping H1

-Australia ANZ says trading in line with guidance for first 4 mths of fiscal 2007

-Summit Resources rejects Paladin’s 1.011 bln aud takeover offer

-Germany’s Bosch group sets deadline on bid for Australia’s Pacifica

-Centro announces 174 mln usd placement to fund REIT acquisition

xiaojing.jiang@xinhuafinance.com

jod/net

For more information and to contact AFX: www.afxnews.com and www.afxpress.com

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 0510 GMT:

SOUTH KOREA:

-SKorea March service sector output up 4.8 pct yr-on-yr; down 1.2 pct from Feb

HONG KONG:

-TCL Multimedia Q1 net loss 67.28 mln hkd vs loss 139.13 mln

-TCL Multimedia 2006 net loss 2.72 bln hkd vs loss 598.89 mln

-TCL Multimedia 2006 net loss widens on higher costs, lower revenue

-China Properties to issue 300 mln usd bonds, yield set at 9.125 pct

-PCCW seeks delisting from New York effective May 18

-Playmates Hldgs plans separate listing for toy business

-AviChina Industry units Harbin Dongan, Hafei Aviation post Q1 profits

-Asia Financial purchases stake in Thailand’s Bumrungrad

-Guangzhou R&F buys Jiangsu site for 600 mln yuan

-Bank of East Asia deputy CEO Chan to retire

-Panva Gas seeks to change name to Towngas China Co

CHINA:

-China finance ministry to issue 30 bln yuan in treasury bonds on May 10-31

-China seen raising bank reserve requirement 3 more times this yr - Deutsche

-China-Vietnam second 220 kv power grid comes onstream

-China CITIC Bank ratings upgraded on improved capital, govt support - Fitch

-China CITIC Bank to be added to Shanghai bourse indices from May 18

-Road King corporate family rating cut to ‘Ba2′ from ‘Ba1′ - Moody’s

-Bank of Shanghai 2006 net profit rises to 1.685 bln yuan amid improved CAR

-China Southern Power Grid to issue 5 bln yuan in 365-day debt

-Huadian Power to issue 4 bln yuan in 272-day debt on May 8

-TCL Corp 2006 net loss 1.93 bln yuan vs loss 320.24 mln

-TCL Corp Q1 net profit 13.87 mln yuan vs loss 130.32 mln

-TCL Corp swings to profit in Q1 on cost cuts

-Angang Steel Q1 net profit 2.394 bln yuan vs 1.131 bln

-Angang Steel Q1 net profit more than doubles; sees H1 up 50-70 pct

-Shanghai Intl Port Q1 net profit 895.83 mln yuan

-China Vanke Q1 net profit 612.35 mln yuan vs 410.24 mln

-China Vanke Q1 net profit up 49.27 pct on higher property sales

-Huaxia Bank Q1 net profit 455.37 mln yuan vs 375.24 mln

-Huaxia Bank Q1 net profit up 21.4 pct on higher core revenue

-FAW Car 2006 net profit 347.4 mln yuan vs 337.62 mln

-FAW Car Q1 net profit 86.34 mln yuan vs 87.23 mln

-Inner Mongolia Yili 2006 net profit 344.59 mln yuan vs 293.39 mln

-Inner Mongolia Yili Q1 net profit 108.88 mln yuan vs 90.6 mln

-Shenzhen Expressway Q1 net profit 299.06 mln yuan vs 135.83 mln

-Huadian Power Q1 net profit 279.49 mln yuan vs 276.13 mln

-Anhui Conch Cement Q1 net profit 212.59 mln yuan vs 156.64 mln

-Changan Auto Q1 net profit 167.04 mln yuan vs 194.96 mln

-Foshan Lighting Q1 net profit 123.94 mln yuan vs 53.48 mln

-Tsingtao Brewery Q1 net profit 88.22 mln yuan vs 74.91 mln

-Chongqing Brewery Q1 net profit 26.8 mln yuan vs 13.43 mln

-Shanghai Airlines 2006 net profit 8.19 mln yuan vs 46.04 mln

-Shanghai Airlines Q1 net loss 95.85 mln yuan vs loss 140.8 mln

-Sinopec Yizheng Q1 net profit 5.155 mln yuan vs loss 33.47 mln

-PetroChina begins offering National IV standard-compliant diesel in Beijing

-Sichuan Changhong Electronic launches PDP production line

-ZTE signs 200 mln usd contract with Ethiopian Telecoms

-Stora Enso buys 27 mln eur potential mill site in southern China

TAIWAN:

-Chinatrust to double capital injection into bank unit to 10 bln twd

-China Airlines gains 1.57 bln twd on A330-300 jet lease-after-sale deal

-China Airlines Q1 parent net loss 805.83 mln twd vs profit 385.18 mln

-Hon Hai 2006 parent net profit 59.86 bln twd vs 42.36 bln

-Hon Hai Precision Q1 earnings up 48.9 pct yr-on-yr as sales surge

-MediaTek Q1 parent net profit 7.83 bln twd vs 5.15 bln

-Asustek Computer Q1 parent net profit 6.73 bln twd vs 4.22 bln

-High Tech Computer Q1 parent net profit 5.54 bln twd vs 5.39 bln

-Taiwan Nanya Q1 audited parent net profit 3.29 bln twd vs 2.04 bln

-Taiwan Cement Q1 parent net profit 1.91 bln twd vs 600.93 mln

-President Chain Store Q1 parent net profit 869.13 mln twd vs 666.49 mln

-Taiwan Glass Q1 parent net profit 619.67 mln twd vs 578.11 mln

-Macronix Q1 audited parent net profit 550.26 mln twd vs loss 627.07 mln

SINGAPORE:

-Singapore Q1 unemployment 2.9 pct vs 2.6 pct in Q4

-Singapore March M3 286.78 bln sgd vs 233.59 bln, M2 279.87 bln vs 227.49 bln

-Singapore March commercial bank loans 201.42 bln sgd vs 182.62 bln

-Singapore manufacturers see better business conditions in next 6 mths - survey

-Ascott Group to get 1 bln yuan compensation for golf club in China

-Midas jv partner part of consortium in 1.25 bln yuan contract

-Chip Eng Seng unit wins 29 mln sgd contract

-JEL Corp swaps 52 pct stake in unit for 17.23 pct stake in mDR

MALAYSIA:

-Malaysia March M3 money supply up 12.8 pct vs 13.9 pct in Feb - central bank

-Ringgit performance in line with others vs US dollar - central bank

-Malaysia may relax tax rules further for Labuan financial centre - Zeti

-Maxis says received offer from Usaha Tegas to take company private

INDONESIA:

-Telkom Q1 preliminary net profit 3.04 trln rupiah vs 3.46 trln

-BNI Q1 net profit 398.77 bln rupiah vs 229.67 bln

-Indofood Q1 net profit 177.31 bln rupiah vs 173.91 bln

-Indofood Q1 net profit up 2 pct on sales rise; forex gain drops

-Bank NISP Q1 net profit 81.89 bln rupiah vs 56.22 bln

PHILIPPINES:

-Metrobank Q1 profit up 30 pct as interest income, trading gains rise

-DFNN’s business process outsourcing unit eyeing IPO

-Digitel posts smaller net loss in 2006 on tighter cost controls

-TKC Steel to buy 90 pct of China’s Zhangzhou Stronghold

AUSTRALIA & NEW ZEALAND:

-Australia March private sector credit up 1.1 pct from Feb, up 14.8 pct yr-on-yr

-Newcrest cuts year to June gold output guidance for Telfer mine

-APA says offer for Qantas lapses on May 4 unless 50 pct gained

-Orica H1 net profit 210.4 mln aud vs 123.7 mln

-Orica H1 net profit rises 70 pct as explosives sales surge

-Sino Gold raises gold estimate at China’s Jinfeng mine to 4.6 mln oz

-Amcor increases buyback size to 45.8 mln shares

xiaojing.jiang@xinhuafinance.com

jod/mas

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT

JAPAN:

-Feb new vehicle sales drop 8.7 pct yr-on-yr, down for 20th straight month

-Foreign investors net buyers of Japanese stocks for 7th straight week

-MoF sets 1.7 pct coupon on 10-year bond issue worth 1.9 trln yen

-Japan 10-year govt bond auction lowest accepted bid 100.27 yen; yield 1.668 pct

-Sanyo Electric to dissolve joint venture with China’s Haier

-Nippon Steel hikes yr to March profit forecast on strong demand, higher prices

-Nippon Steel expects to post net record profit for this fiscal year

-JFE Holdings hikes yr to March net profit, current profit forecasts

-Kobe Steel leaves yr to March net profit forecast at 100 bln yen

-Mitsubishi Chemical extends offer period for Mitsubishi Plastics bid

-Mitsubishi Heavy wins thermal power and desalination plant order in Saudi Arabia

-Sapporo Holdings asks Steel Partners for more info on takeover plan

HONG KONG:

-Hong Kong Feb PMI 55.2 vs 55.9 in Jan - Brunswick

-Jan retail sales down 1.3 pct on yr by value; down 4.8 pct by volume

-Standard Chartered sees subdued growth in Hong Kong consumer banking ops this yr

-Dah Sing Bank 200 mln usd notes rated ‘BBB-’ - S&P

-Matsunichi Comm buys 2 firms in Tianjin for 2.03 bln yuan

-Hopewell Hldgs H1 to Dec net profit 1.34 bln hkd vs 1.12 bln

-Hopewell Highway H1 to Dec net profit 681.75 mln hkd vs 563.80 mln

-Pacific Century Insurance 2006 net profit 322.45 mln hkd vs 42.50

-Winfoong Intl 2006 net profit 150.53 mln hkd vs 115.13 mln

-Lam Soon (Hong Kong) H1 to Dec net profit 76.72 mln hkd vs 56.18 mln

-Smartone H1 to Dec net profit 43.53 mln hkd vs 37.05 mln

-Northeast Electric Devt 2006 net profit 29.54 mln yuan vs 26.76 mln

-Fortis Insurance to buy 50.48 pct of Pacific Century Insurance for 3.53 bln hkd

-South Sea Petroleum to raise 100 mln usd via convertible debentures

CHINA:

-China end-2006 privately-owned vehicles up 23.7 pct at 29.25 mln

-2007 steel exports seen down 20 pct; shift to high-end segments - Platts

-China regulator urges commercial banks to rein in NPLs

-2006 land auctions up 16.3 pct by area, 30.5 pct by revenue

-China total information industry revenue seen at 10 trln yuan by 2010

-Feb manufacturing PMI 53.0 vs 52.0 in Jan - CLSA

-Money market funds vulnerable, need more judicious management - Moody’s

-Further correction In Chinese markets likely after Tuesday’s sharp fall - S&P

-CNPC, Norway’s Statoil ASA sign strategic tieup deal

-CNPC to invest 13.7 bln yuan on work safety, environmental protection in 2007

-Hong Kong-listed Chaoda Modern Agri rating upgraded to ‘Ba2′ from ‘Ba3′ -Moody’s

-Intime Dept Store to issue 450 mln shrs at 4.0-5.2 hkd in HK IPO -source

-Kweichow Moutai raises product prices by 12 pct

-Datang Mobile seeks private investment to develop TD-SCDMA

-Sinopec sees Puguang gas field proven reserves doubling in 2008 from 2006

-FedEx completes 400 mln usd buyout of partner’s stake in China jv

-PacificNet unit wins 100-unit lottery terminal order from EU operator

-US-based Fine Arts Lamps wins 25,000 usd China copyright case

-China Communications Construction unit wins order worth over 200 mln usd

-Focus Media to buy Internet advertising firm Allyes

-Lufthansa China JV Jade Cargo takes delivery of third plane

-PetroChina/Shell Changbei gas field JV begins commercial production

TAIWAN:

-Taiwan CEPD sees only short-term impact on local bourse from global volatility

-China Motor targets higher sales of assembled autos, CKD kits this yr

-China Motor sees sales, profits up in 2007 on domestic pick-up, exports

-Taiwan Mobile unit plans to buy Taiwan Fixed Network for 27.29-53.57 bln twd

-Intel Capital invests 65 mln usd in Taiwan’s Powertech

-Pentagon notifies Congress of plan to sell missiles worth 421 mln usd to Taiwan

-Hon Hai declines comment on details of reported Vietnam investment

-Inventec unit, Singapore’s Huan Hsin form China joint venture

SINGAPORE:

-Bursa Malaysia says tie-up with SGX for cross-border trading delayed to 2008

-Bursa Malaysia sees stronger earnings this yr on high liquidity, expansion plans

-Bursa Malaysia reiterates market fundamentals firm despite two-day fall

-Delong planning 10-to-one share consolidation

-Genting Intl to build new bridge to casino resort island

-Sky China Petroleum to place out 46 mln shares at 0.39 sgd each

-Temasek makes takeover bid for STATS ChipPAC

-International Capital to buy Akira assets from TT International

-People’s Food 2006 net profit 852.65 mln yuan vs 736.77 mln

-Jardine Cycle & Carriage 2006 net profit 223.8 mln usd

-DMX Technologies 2006 net profit 17.89 mln usd vs 15.02 mln

MALAYSIA:

-AMMB wins Bank Negara’s approval for ANZ stake deal

INDONESIA:

-Feb CPI up 0.62 pct vs Jan; up 6.3 pct yr-on-yr

-Jan trade surplus 3.11 bln usd vs 4.56 bln in Dec

-Jan tourist arrivals up 6.9 pct yr/yr, down 18.7 pct from Dec

-BNI writes off 2 trln rupiah in bad loans

-Excelcomindo to sell 1.5 trln rupiah worth of bonds

-Pertamina adjusts prices of unsubsidized fuel for March

-Antam 2006 net profit 1.56 trln rupiah vs 842 bln

-Davomas Abadi 2006 net profit 196.28 bln rupiah vs 90.07 bln

PHILIPPINES:

-Sound economic fundamentals to help stocks recover from sell-off - official

THAILAND:

-Feb inflation 2.3 pct vs 3.0 pct in Jan

-Thailand to lift remaining capital controls

-Bank of Thailand to allow foreign investment hedge against forex fluctuations

AUSTRALIA & NEW ZEALAND:

-Australia AIG Feb performance of manufacturing index up 6.4 pts from Jan

-Australia Q4 private new capex rises 1.0 pct vs 5.3 pct fall in Q3

-ANZ Banking Group acquires 60 pct stake in Laos Vientiane Commercial Bank

-Computershare pays 25 mln usd for two NAmerican acquisitions

-Babcock & Brown Infrastructure raises 422.1 mln aud via placement

-CSIRO signs IT transfer deal with China Electronic Technology Corp

-Maquarie’s says Boart Longyear IPO to raise 2.25-2.65 bln aud

-Australian competition regulator not to oppose Qantas takeover

xiaojing.jiang@xinhuafinance.com

For more information and to contact AFX: www.afxnews.com and www.afxpress.com

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT

JAPAN:

-March corporate services price index rises 0.6 pct yr-on-yr

-Govt to scrap universal inspections of US beef

-Nissan March global output 308,729 vehicles, down 9.8 pct yr-on-yr

-Nissan to launch voluntary retirement program for 12,000 employees

-Suzuki Motor March global output 239,254 vehicles, up 9.1 pct yr-on-yr

-Mitsubishi Motors March global output 140,584 vehicles, up 5.4 pct yr-on-yr

-Fuji Heavy’s March global output 51,460 vehicles, down 4.8 pct

-Honda Motor’s March global output up 5.7 pct year-on-year

-Toyota March parent global output down 1.0 pct on yr; group output down 0.2 pct

-Mazda Motor’s March global output down 6.8 pct year-on-year

-KDDI yr to March net profit 186.75 bln yen vs 190.57 bln

-KDDI yr to March opg profit up 16.2 pct, sees further growth in new FY

-Canon Q1 to March net profit 131.25 bln yen vs 108.27 bln

-Canon’s Q1 net profit rises 21 pct year-on-year; FY forecast raised

-Fanuc FY net profit 106.76 bln yen vs 90.44 bln yen

-Fanuc posts record FY earnings on robust corporate spending

-Yahoo Japan FY net profit 57.96 bln yen vs 47.09 bln yen

-Yahoo Japan Q4 net profit at record high on advertising business

-Elpida Memory yr to March net profit 52.94 bln yen vs loss 4.71 bln

-Nikko Cordial FY net profit 78.13 bln yen vs 87.99 bln yen

-Nikko Cordial’s FY operating profit drops 28.4 pct

-Matsushita Elec Works buys 80 pct stake in India’s Anchor for 50 bln yen

-Mitsui sells Finsider International to UK’s Vendata for 981 mln usd

SOUTH KOREA:

-Regulator fines four telcos over illegal handset subsidies

-Samsung Heavy Q1 net profit 90.2 bln won vs 15.3 bln

-GS Home Shopping Q1 net profit 13.6 bln won vs 13.4 bln

-CJ Internet Q1 net profit 6.1 bln won vs 6.5 bln

-Samsung SDI Q1 net loss 77.2 bln won vs profit 52.7 bln

-Samsung SDI Q1 opg loss 110.2 bln won on sales of 1.15 trln

-Samsung SDI books Q1 opg loss on weak PDP prices

-Samsung SDI sees improved PDP profitability in Q2

-Doosan Heavy to supply equipment for nuclear power plants in China

HONG KONG:

-Vietnam raises ceiling on foreign stakes in banks

-Silver Grant 2006 net profit 494.76 mln hkd vs 724.05 mln

-Hunan Nonferrous 2006 net profit 451.41 mln yuan vs 426.01 mln

-Hunan Nonferrous 2006 net profit up 5.9 pct, sales up 91 pct

-Hunan Nonferrous to buy stake in tungsten co for 354 mln yuan

-Zhuzhou CSR 2006 net profit 296.77 mln yuan vs 211.73 mln

-Prime Success 2006 net profit 291.57 mln hkd vs 254.59 mln

-Haier Electronics 2006 net profit 262.35 mln hkd vs loss 363.75 mln

-Haier Electronics returns to profit on asset sale, lower costs

-China Huiyuan 2006 net profit 221.61 mln yuan vs 107.51 mln

-China Huiyuan Juice plans 758 mln yuan capex this yr

-Fortune Telecom 2006 net profit 31.34 mln hkd vs 11.38 mln

-Tingyi (Cayman Islands) 2006 net up 20.6 pct as sales jump

-Orient Overseas orders 5 vessels worth 331 mln usd from Samsung Heavy

-Chalco Q1 alumina output up 13 pct yr-on-yr; avg selling price down

-CITIC Intl to pay up to 6.66 bln hkd to retain 15 pct in CITIC Bank

-New World China to establish jv to develop Changsha