Asia economic and corporate news summary

HONG KONG (AFX-ASIA) - A summary of Asian economic and corporate news at 0500 GMT: -Japan Jan industrial output revised to fall 4.2 pct from fall 3.9 -Mori orders ministers to prepare measures on stockmarket, debt waivers -Miyazawa: U.S. slowdown due to global stock declines after 10 yrs growth -Miyazawa says MoF will cover any losses of stock purchase body -Miyazawa says land transaction moves will take time to implement -BoJ's Hayami: Stock declines deepen concerns over economic outlook -Hayami: BoJ will discuss current financial state before deciding on policy -Hayami: BoJ needs to watch closely goods, services prices -Hayami: Hard to set specific inflation target figure at present -BoJ's Hayami: Serious consideration needed before guiding yen lower -Miyazawa: Economy will attain growth of 2 pct or more if consumption normal -Yanagisawa: Unreasonable concerns over Japan banks caused stock selloffs -Miyazawa considering end to rise in new govt debt in long-term -SKorea Feb jobless rate about 5 pct vs 4.6 in Jan: Labour minister -Japan postal savings minister says fund can aid market within existing rules -SKorea 2000 bank deposits up 58.9 trln won vs rise 27.9 trln -SKorea labour minister sees Feb jobless rate at about 5.0 pct vs 4.6 in Jan -SKorea electronics industry 2000 exports 68.3 bln usd vs 53.2 bln -SKorea MoIC rejects report on foreign leadership for 3G license -Hong Kong Dec 2000 residential prices down 15 pct yr-on-yr -China 2 mths retail sales up 10.6 pct yr-on-yr -China Jan retail sales up 12.5 pct yr-on-yr -China Feb retail sales up 8.6 pct yr-on-yr -Taiwan MoF to encourage more cash div payments rather than stock divs -Malaysia Feb CPI up 1.6 pct yr-on-yr, up 0.2 pct mth-on-mth -Malaysia's Kelantan state govt raises water tariffs by 60-162 pct -Indonesia upper house divided over speeding up MPR special session: Rais -Indonesia MPR leaders seek meeting with Wahid -Philippine end-Jan M3 1.4 trln pesos, up 12.2 pct yr-on-yr -Philippine 2001 exports seen up 10 pct yr-on-yr: Buenaventura -Philippine banks' 2001 loan growth seen up 10 pct yr-on-yr: Buenaventura -Philippine central bank to keep overnight rates unchanged until March 20 -India cuts Relief Bonds interest rate to 8.5 pct from 9, effective today -Australia Feb unemployment adj 6.9 pct vs revised 6.6 in Jan -Sanyo Electric sees 100 bln yen capex in yr to March 2002 -Daiwa Bank denies collapse rumour -Hanvit Bank to cut NPL ratio to 12.2 pct from 14 pct; sees below 4 pct yr-end -Hyundai Elec to sell large stake to .S./European company by end-June -LG Chemical expands into hybrid electric car batteries production -Daewoo Motor opposes Pupyung plant shutdown proposal -Chinadotcom Q4 net loss 133.2 mln usd vs loss 13.0 mln -Chinadotcom sees internet sector facing tough quarters/further consolidation -Hong Kong SFC to investigate whether New World Devt engaged in insider trading -Yanion Int'l to place 200 mln new shares at 1.25 hkd/share -Tai Ping Carpets Intl unit to acquire 10 pct stake in Treasure Looms China -Huaneng Power 2000 power generation up 16.7 pct -Global Bio-chem IPO 3 times subscribed, share placement 1.9 times subscribed -Kin Don in talks with major reditors/looking at possible fund raising -Ta Fu Int'l directors to sell up to 60 mln shares in company -China Mobile says one-way billing unlikely until much later than 2002 -PetroChina plans to invest over 27.4 bln yuan for downstream sector expansion -Sinopec sees job cut compensation costs at 4.5 bln yuan -Huarong AMC urges investigation of asset stripping from Monkey King Group -Baoshan Iron & Steel 2000 net profit 3.0 bln yuan vs 2.3 -Shanghai Baoshan Iron and Steel to develop eco-friendly steel center -Shanghai Matsuoka sets A-share IPO price at 16.4 yuan/share -Tingyi unit appoints Comely to produce non-carbonated drinks at 80 mln yuan/yr -China Steel 2000 parent net profit 18.58 bln twd vs 15.12 -China Steel proposes 0.30 twd stock div, 1.50 cash div for 2000 -China Steel to form unit for taking over Taiwan Machinery -Compeq sees Q2 utilisation around 80 pct vs 70 pct in Q1 -Tatung says board yet to decide on 2001 earnings forecast; to meet this mth -Hyflux 2000 net profit 6.370 mln sgd vs 0.079 -Hor Kew 2000 net profit 5.617 mln sgd vs 11.395 mln -CSFB sells retail stockbroking ops to UOB-Kay Hian -Stratech in software development alliance with HCL Infosystems -Time dotCom says KWAP holds 10.82 pct, Danaharta 3.16 pct -Danaharta will not sell 3.16 pct Time dotCom stake immediately -Danaharta will sell Time dotCom shares depending on market conditions -Time dotCom unit Time Reach cancels 200 mln rgt notes facility: RAM -Malaysia's EPF declines comment on alleged Time dotCom subscription -Malaysia EPF bought additional 396,000 Commerce Asset shrs on March 1-2 -Malaysia govt invites 5 firms to bid for Bakun construction jobs -Cisco System Malaysia expects slower growth in current fiscal year -Malaysia govt to continue paying goodwill to Terengganu despite PAS legal suit -Nexnews.com says plans to buy Sun Media, The Edge terminated -Electricity Generating unit signs ollar/baht credit facilities agreement -Astra Agro Lestari 2000 net profit 70.3 bln rupiah vs 172.89 bln -Astra Graphia 2000 net profit 20.159 bln rupiah vs 50.206 bln -Astra International to pre-pay 220 mln usd in debt this month -Telkom signs MoU to acquire 90.32 pct of DayaMitra KSO VI for 121.93mln usd -Bentoel Internasional says clove stocks enough for one year production -Solid Group unit to suspend manufacturing ops for Aiwa on April 15 -Clark Development says Mondragon creditor banks looking to take over Mimosa -RBI rejects ICICI non-life insurance business proposal on excessive NPLs -Brierley Investments H1 to Dec revenue 199.089 mln usd vs 306.283 -Brierley Investments H1 to Dec net loss 20.839 mln usd vs loss 49.813 mln -Brierley Investments says unlikely to report profit in yr to June -Foodland Associated H1 to Dec net profit 21.6 mln aud vs 38.5 mln -Davnet H1 to Dec net loss 48.323 mln aud vs profit 50.29 mln -Coles Myer 26 wks to Jan 28 net profit pre-abnormals 234.8 mln aud vs 313.5 -Macquarie Bank yr to March profit 'on track', expects to exceed 119 mln aud -Telstra outsources 5 yr, 300 mln aud ERP contract to Deloitte -Hazelton Airlines says Ansett takeover offer now free from all conditions -One.Tel appoints two new non-executive board members -Adstream Marine acquires Howard Smith towage for 500 mln aud

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