IBRA launches asset sale<\/p>\n
JAKARTA: After raising some Rp 155 billion from its latest sale
\nof property assets, the Indonesian Bank Restructuring Agency
\n(IBRA) has commenced the latest sell-off program with 64 new
\nproperty assets being on the block.<\/p>\n
IBRA said in a press statement on Monday that the new assets
\nwould be added to the 1,206 assets that had failed to draw bids
\nduring the last sell-off program, which was called PPAP 4 batch
\n1.<\/p>\n
Potential bidders in the latest sell-off must register with
\nIBRA before Oct. 20, the statement said.<\/p>\n
The potential bidders will have also to bid above the floor
\nprice set by the agency. For further information, the bidders can
\nvisit the agency's website at www.bppn.go.id. -- JP<\/p>\n
;AFP;
\nANPAf..r..
\nMoney-SKorea-consumer
\nConsumer confidence down in Korea
\nJP\/16\/Money<\/p>\n
Consumer confidence down in Korea<\/p>\n
SEOUL: Consumer confidence in South Korea hit a five-year low
\nin September as the central Bank of Korea said on Tuesday this
\nyear's economic growth will fall below three percent because of
\nweak consumption and investment.<\/p>\n
The consumer evaluation index, which measures current consumer
\nsentiment, fell to 59.9 in September from 63.9 in August, the
\nNational Statistical Office (NSO) said.<\/p>\n
The fall reflected a prolonged slump in consumer confidence
\namid uncertainty over the long-awaited economic recovery.<\/p>\n
It marks the lowest level since November 1998, when the data
\nwas first collated, the NSO said. The index has now stayed below
\nthe benchmark 100 level for 13 consecutive months.<\/p>\n
The consumer expectations index, which measures consumer
\nsentiment six months ahead, fell to 90.4 in September from 92.0
\nin August, driven by a modest rise in the number of consumers who
\nbelieve the economy will worsen going forward. --AFP<\/p>\n
;AFP;
\nANPAf..r..
\nMoney-Thailand-auto-sales
\nThai vehicle sales jump 31.5%
\nJP\/16\/Money<\/p>\n
Thai vehicle sales jump 31.5%<\/p>\n
BANGKOK: Thailand's domestic vehicle sales rose 31.5 percent
\nfrom a year earlier in the first nine months of 2003, bolstered
\nby a strong economy and low interest rates, the industry said on
\nTuesday.<\/p>\n
Vehicle sales in the kingdom from January to September soared
\nto 379,252 units, while September vehicle sales clocked growth of
\n22.5 percent or 44,830 units year-on-year, industry statistics
\ncompiler Toyota Motor (Thailand) said.<\/p>\n
\"The auto industry is approaching the final quarter with a
\nbright outlook due to the positive economic environment,
\nincluding low interest rates which are resulting in greater
\nliquidity,\" the company said in a statement.<\/p>\n
\"The industry is also benefiting through hire purchases due to
\nthe low rates,\" it added.<\/p>\n
Japan's giant auto-makers Toyota, Isuzu and Honda accounted
\nfor 73.5 percent of the total Thai domestic vehicle market for
\nthe first nine months of the year. -- AFP<\/p>\n
;AFP;
\nANPAf..r..
\nMoney-China-property
\nShanghai housing prices up
\nJP\/16\/Money<\/p>\n
Shanghai housing prices up<\/p>\n
SHANGHAI: Surging house prices in China's economic hub
\nShanghai are unlikely to cool anytime soon and may post a 30-
\npercent growth rate this year, state press reported on Tuesday.<\/p>\n
The Shanghai Housing Index, the benchmark for the city's new
\nhousing prices, increased 2.5 percent last month to hit 1,038
\npoints, various state media reported.<\/p>\n
For the first nine months of the year prices surged a total of
\n23 percent, which compares with annual 15.5 percent growth in
\n2002, the Shanghai Daily said.<\/p>\n
Based on the data, the index office raised its forecast for
\nthe annual growth rate to 30 percent from 25 percent in August,
\nindicating average prices would rise to about 5,900 yuan a square
\nmetre (US$719) by year-end.<\/p>\n
By the end of 2002, the average new housing price was 4,553
\nyuan ($549) a square metre, according to the National Bureau of
\nStatistics. --AFP<\/p>\n
;AFP;
\nANPAf..r..
\nMoney-Japan-Mexico-trade
\nJapan, Mexico FTA talks progressing
\nJP\/16\/Money<\/p>\n
Japan, Mexico FTA talks progressing<\/p>\n
TOKYO: Japan and Mexico are still divided on the terms of a
\nbilateral free trade accord but are making progress in the
\neleventh-hour talks ahead of a visit here this week by Mexican
\nPresident Vicente Fox, the Japanese foreign minister said on
\nTuesday.<\/p>\n
\"The talks are moving ahead albeit little by little,\" Foreign
\nMinister Yoriko Kawaguchi told a regular news conference on the
\neve of Fox's arrival.<\/p>\n
The sensitive issue of agricultural trade has bogged the talks
\ndown, with Mexico pushing to remove high Japanese tariffs on pork
\nwhile Japan has rejected the idea to protect domestic farmers.<\/p>\n
Trade, farm and other ministers of the two nations met in
\nTokyo on Monday in a bid to secure a last-minute breakthrough for
\nconcluding a free trade agreement (FTA) while Fox is here but
\nremained divided over a range of issues. --AFP<\/p>",
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