Taiwan Sun
TaiwanSun.com Sunday 6th July 2008 Volume 1/27
Front Page Asia Business News
No summer jobs for Indian students


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Those who chose not to go back to India for the summer break, hoping to get summer jobs, are finding that for the first time there are no jobs...not even in grocery stores and fast food ...


UBL Fund announces Rs2.44bn payout
Saturday, July 05, 2008 By our correspondent KARACHI: UBL Fund Managers have announced a total payout of Rs2,447.57 million for all its open-end funds for the year ended June 30. This total...


Taiwan ruling party chief says China air link vital
Taipei - The chairman of Taiwan's ruling KMT party said on Saturday air links with China and opening up Taiwan to Chinese tourists is vital for peace. Wu Poh-hsiung made the remarks at a banquet for...


CNG associations fix Rs47.25 per kg rate
Saturday, July 05, 2008 By our correspondent KARACHI: The CNG Station Owners Association of Pakistan (CSOAP) on Friday announced that its members will charge Rs47.25 per kg for the fuel, up Rs9...


FBR revises input tax adjustment facility
Saturday, July 05, 2008 By our correspondent ISLAMABAD: The Federal Board of Revenue (FBR) has extended the scope of input tax adjustment facility to distributors and wholesalers, gas...


D8 Should Seek New Sources To Finance Activities - Dipo Alam
By Nor Baizura Basri & Haslinda Zainal KUALA LUMPUR, July 5 (Bernama) -- As monetary contributions from member states are insufficient, the Group of Eight Islamic Developing Countries (D-8) should...


Tips to keep laptop ready when travelling
Berges Y Malu, TNN Carrying a notebook PC is not always as simple as it seems especially while travelling long distances with it. Many a time business user's end up cursing it for not having enough...


D8 Needs A United Voice To Be Effective
By S. Retnanathan KUALA LUMPUR, July 5 (Bernama) -- The Group of Eight Islamic Developing Countries (D-8) must present a united voice, especially in the fight against rising petroleum prices and...


Nigeria Looking For Alternative Energy Technology
By Mohamad Iswandi Kasan Anuar KUALA LUMPUR, July 5 (Bernama) -- Nigeria is keen to learn from other members of the Group of Eight Islamic Developing Countries (D-8) how to diversify its sources...


Govt to provide imported urea through NFC outlets
Saturday, July 05, 2008 ISLAMABAD: The government has planned to use outlets of National Fertiliser Corporation (NFC) for supply of imported urea to farmers at a subsidised price, The News has...


Oil Prices, Energy And Food Security To Be Top Issues At D-8 Summit
By Haslinda Zainal KUALA LUMPUR, July 5 (Bernama) -- Renewable energy, food security and oil price issues will be the highlights of the Group of Eight Islamic Developing Countries (D-8) Council of...


Govt Working On Plans To Meet EU Standards, Says Mustapa
SABAK BERNAM, July 5 (Bernama) -- The Government is working on plans to meet the European Union (EU) health and hygiene standards for seafood products from Malaysia following the ban imposed on such...


Proton Edar Aims To Up Car Sales To 153,000 Units This Year
KUALA LUMPUR, July 5 (Bernama) -- Proton Edar Sdn Bhd aims to increase its car sales to about 153,000 units this year from 130,000 last year, says its chief executive officer Mohamad Shukor Ibrahim. ...


Thailand Asks Petronas To Increase Investments
By D. Arul Rajoo BANGKOK, July 5 (Bernama) -- Thailand today urged Malaysia's oil company Petronas to further expand its presence in the Kingdom by investing more in the oil and gas sector, Deputy...


Oil falls below $145, Iran responds to nuclear offer
Saturday, July 05, 2008 LONDON: Oil dropped below $145 a barrel on Friday, but was still within sight of record highs reached in the previous session when traders bought into the market ahead of a...


Reap, BGA at odds over Basmati trade mark
Saturday, July 05, 2008 By Jawwad Rizvi LAHORE: A row has been created on the registration of trade mark and geographical indication of basmati rice between Rice Exporters Association of...


Rupee recovers from record low
Saturday, July 05, 2008 KARACHI: A lull in dollar demand from importers helped the rupee become steady on Friday from a record low set the previous day, but dealers said outlook remained...


Sindh allows inter-district wheat movement
Flour mills association calls off strike Saturday, July 05, 2008 By Shahzad Anwar KARACHI: The Pakistan Flour Mills Association (PFMA), Sindh chapter called off its strike in the middle of...


LSE drops 37 points
Saturday, July 05, 2008 By our correspondent LAHORE: Dull and insipid trading continued on the Lahore stock market on the last trading day of the week with LSE 25-share index declining by...


‘SAARC nations need to sign BIT’
Saturday, July 05, 2008 By our correspondent ISLAMABAD: Pakistan and India should sign a Bilateral Investment Treaty (BIT) for encouraging investment and motivating other countries of the SAARC...


Bicycle tyre & tube manufacturers seek tax relief
Saturday, July 05, 2008 By Mansoor Ahmad LAHORE: Bicycle tyre and tube manufacturers have urged the government to exempt these components from sales tax, as non-documented producers are not...


HBL enters into accord with Bank of China
Saturday, July 05, 2008 BEIJING: Habib Bank Limited (HBL) has taken a leap forward by entering into an arrangement with Agricultural Bank of China. This will enable both inward and outward...


Infotech hiring shrinks 40%
BANGALORE: The boom element in hiring seems to be substantially diminishing. Thanks to the economic turbulence in the domestic and international markets. Tech hiring has shrunk upto 40%. Subprime ...


Extended warranty lawsuit stands after Toyota declines appeal
Toyota Canada will have to pay out at least $300,000 to Quebec consumers who bought used vehicles, according to a ruling from the province's court of appeal. The automobile manufacturer decided to...


Archies in talks with Videocon for stake sale
NEW DELHI: Greeting cards major Archies on Friday said it is in talks with Venugopal Dhoot-promoted diversified business group Videocon for a possible stake sale. "Videocon has not directly...


PM gives nod for foreign players in 3G
NEW DELHI: PM Manmohan Singh is understood to have given a go-ahead for participation of global players in 3G telecom services and approved one-time pricing for spectrum of existing players, a...


Kakkar is regional head of Unilever
MUMBAI: Hindustan Unilever executive director (sales & customer development) Sanjiv Kakkar has been appointed chairman, Unilever Russia, Ukraine and Belarus (RUB), with effect from the month ...


Finding ways to cut travel cost
BANGALORE: Rising air fares and the overall slowdown in the economy have made tech firms bite the bullet on their employee travel expenses. Air fares across the price spectrum, which have risen by...


Cadila to hive off consumer business
NEW DELHI: Cadila Healthcare will hive off its consumer products division into its subsidiary, Carnation Nutra Analogue Foods. According to the restructuring proposal, Carnation will allot ...


Goenka unhappy on Bombay Dyeing
KOLKATA: R P Goenka normally prefers to keep his private thoughts, where they should be, private. But, on Friday, a rather uncharacteristic Goenka, possibly freed of the burdens of no longer ...


Food prices pushing up inflation
NEW DELHI: On the back of rising prices of food article, vegetable, oil seed and manufactured items like iron and steel, inflation rose to a new 13-year high of 11.63% on Friday. During the week ...


Direct tax collections up 39% in April-June
NEW DELHI: If the revenue collection is any indicator of economic performance, the first quarter of 2008-09 suggests a continuation of robust growth in the country. The direct tax collections in ...


Indian mangoes not desired
Grocery shopping has undergone a rethink with buying in bulk and buying sensibly topping the list. So, if fruits have to be bought, then why buy 30 dollars a dozen Indian mangoes when one can get...


No summer jobs for Indians in US
The US Department of Labour reported that the economy has lost about 438,000 jobs since the beginning of the year. The unemployment rate was at 5.5 per ...


UK Visa rules may affect talent import
LONDON: British financial employers express worries that the new points-based system for migrant workers may affect import of skilled talent from countries like ...


Hang Seng Index closed at 21,423.82, up 181.04 points
The Associated Press July 4, 2008 - 12:03 a.m. HONG KONG - The Hang Seng Index closed at 21,423.82 on Friday, jumping 181.04 or 0.9 per...


ECC members propose oil rationing system
Friday, July 04, 2008 By Aftab Maken ISLAMABAD: As the oil import bill crossed $12 billion in fiscal year 2007-08, some members of the Economic Coordination Committee of the cabinet have...


Cane cultivation area down 18pc in Punjab
Friday, July 04, 2008 By Jawwad Rizvi LAHORE: Cultivation of sugarcane crop in Punjab for the 2008-09 season has dropped by 18.5 per cent as the total area cultivated is 1.665 million acres as...


Hedging Against Inflation With CIMB
KUALA LUMPUR, July 4 (Bernama) -- CIMB-Principal Asset Management Bhds newly launched equity fund, the CIMB Islamic Global Emerging Markets Equity Fund, can act as a hedging tool against higher...


Nikkei Stock Average closed 27.51 points lower to 13,237.89
The Associated Press July 4, 2008 - 12:03 a.m. TOKYO - The Nikkei Stock Average of 225 issues closed at 13,237.89 points on the Tokyo Stock Exchange Friday, down 27.51 points or 0.2 per...


Member States Must Back D-8 In Programmes And Funding, Says Rais
By Nor Baizura Basri KUALA LUMPUR, July 4 (Bernama) -- Malaysia, which will assume the chair of the Group of Eight Islamic Developing Countries (D-8) next Tuesday, wants member states to strongly...


MARC Revises Rating On Titisan Modal
KUALA LUMPUR, July 4 (Bernama) -- Malaysian Rating Corporation Bhd (MARC) has revised the outlook on its AA+(S) rating for Titisan Modal (M) Sdn Bhds (TMSB) RM738.0 million Fixed Rate Serial Bonds,...


Local Players Provide Support To Bursa Malaysia
KUALA LUMPUR, July 4 (Bernama) -- Bursa Malaysia, which was closed on Thursday due to a technical glitch in its trading system, as expected faced some selling pressures when trading resumed Friday. ...


Taiwanese Group Mulling Investments Of RM1.4 Bil In Tanjung Manis Halal Food Park
By Edward Subeng Stephen SARIKEI, July 4 (Bernama) -- A Taiwanese group is keen to invest RM1.4 billion in organic farming and food processing activities in the Tanjung Manis Halal Food Park near...


Islamic Oil Producing Nations Should Share Oil Windfall With D-8 Member States - Dipo
Secretary General of Group of Eight Islamic Developing Countries (D-8) Dipo Alam (left) and Chairman of 25th Session of D-8 Commissioner Ibrahim Abdullah during the meeting of the Session in Kuala...


Rupee lifted by stocks; wary of oil,inflation
MUMBAI: Rupee strengthened on Friday as a rise in local shares eased some immediate concerns of more capital outflows, but its gains were limited by high oil prices and further rise in annual...


29% of Japanese Consider Switching Carriers to Use iPhone
Kakaku.com Inc, which runs the "Kakaku.com" price comparison portal for home appliances and other items, carried out a survey on Apple Inc's "iPhone" mobile phone to be shortly...


Panasonic Mobile, NTT Data Ally on Embedded Software
Panasonic Mobile's Executive Vice President and PMSE's President Ryoichi Wada (left) and NTT Data's Executive Vice President and Director Kazuyuki Arata...


Economic offender Narendra Rastogi extradited from US
NEW DELHI: Economic offender Narendra Kumar Rastogi was on Friday extradited from the United States to face charges in a custom duty evasion case to the tune of Rs 54 crore for exporting scrap to...


Sensex closes 300 points up
Bombay Stock Exchange's Sensex closed at 13,404.87, up 310.76 points or 2.37 per cent. The 30-share index touched a high of 13,509.74, and low 13,027.79 in the ...