Health/Medical: Galderma completes tender offer for CollaGenex

More than 97% of CollaGenex common stock tendered (including guaranteed deliveries)

Lausanne (ANTARA News/PRNewswire-AsiaNet) - Galderma Pharma S.A., a global specialty pharmaceutical company focused on dermatology, today announced that its U.S. holding company, Galderma Laboratories, Inc., has completed its all cash tender offer for CollaGenex Pharmaceuticals, Inc. (Nasdaq: CGPI). The tender offer expired at 12:00 Midnight, New York City time, at the end of Friday, April 4, 2008.

As of such time, an aggregate of approximately 21 million shares of CollaGenex common stock (including approximately 1.3 million shares that were tendered pursuant to the guaranteed delivery procedures) have been tendered into, and not withdrawn from, the offer. The tendered shares represent approximately 97% of the outstanding shares of CollaGenex. All of such shares have been accepted in accordance with the terms of the tender offer and upon Galderma Laboratories' acquisition of such shares, CollaGenex will become a majority owned subsidiary of Galderma Laboratories.

Galderma Laboratories expects that, shortly after the acquisition of such shares, it will complete the merger of its wholly owned subsidiary, Galderma Acquisition Inc., and CollaGenex. As a result of the merger, each outstanding share of CollaGenex common stock will be converted into the right to receive $16.60 per share in cash, without interest, and CollaGenex will become a wholly owned subsidiary of Galderma Laboratories.

About Galderma

Galderma, created in 1981 as a joint venture between Nestle and L'Oreal, is a fully integrated specialty pharmaceutical company dedicated exclusively to the field of dermatology. The Company has a presence in 65 countries with over 1000 sales representatives and is committed to improving the health of skin with an extensive line of products that treat a range of dermatological conditions including: acne, rosacea, fungal nail infections, psoriasis & steroid-responsive dermatoses, pigmentary disorders, medical solutions for skin senescence and skin cancer. With a new research and development center in Sophia Antipolis, France, Galderma has one of the largest R&D facilities dedicated exclusively to dermatology. Leading dermatology brands include Differin(R), MetroGel 1%(R) Rozex(R), Clobex(R), Tri-Luma(R), Loceryl(R) and Cetaphil(R).
Recently launched products include Pliaglis(R), a topical anaesthetic for dermatologic procedures in the United States, Epiduo(R), an innovative combination product for the treatment of acne in Europe and Argentina, and Dysport(R), an injectable neuromodulator for the correction of wrinkles in Brazil and Argentina. The Company's website is http://www.galderma.com.

About CollaGenex

CollaGenex Pharmaceuticals, Inc. is a specialty pharmaceutical company currently focused on developing and marketing proprietary, innovative medical therapies to the dermatology market. CollaGenex's 2007 revenues were $63.6 million, an increase of 141% over 2006 sales of $26.4 million,, driven by the acceptance of Oracea(R). In July 2006, CollaGenex launched Oracea(R), the first FDA-approved systemic product for the treatment of rosacea. Collagenex's professional dermatology sales force also markets Alcortin(R) (1% iodoquinol and 2% hydrocortisone), a prescription topical antifungal steroid combination, and Novacort(R) (2% hydrocortisone acetate and 1% pramoxine HCl), a prescription topical steroid and anesthetic.
CollaGenex recently completed a Phase II clinical trial to evaluate COL-118, a topical compound based on the SansRosa(R) technology, for the treatment of redness associated with rosacea and other skin disorders. CollaGenex recently acquired the rights to develop and commercialize becocalcidiol, a patented Vitamin D analogue that is currently in Phase II clinical trials for the topical treatment of mild to moderate psoriasis.

For more information on CollaGenex please visit CollaGenex's website at http://www.collagenex.com, which does not form part of this press release.

Forward Looking Statements
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in the Company's Quarterly Report on Form 10-K for the year ended December 31, 2007 filed with the Securities and Exchange Commission under the section "Risk Factors," as well as other documents that may be filed by CollaGenex from time to time with the Securities and Exchange Commission as well as related to the satisfaction of the closing conditions in the merger agreement. As a result of such risks, uncertainties and factors, the Company's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. CollaGenex is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Restoraderm(R), SansRosa(R) and Oracea(R) are registered trademarks and IMPACS(TM) is a trademark of CollaGenex Pharmaceuticals, Inc.

Novacort(R) and Alcortin(R) A are trademarks of Primus Pharmaceuticals, Inc.

Differin(R), Metrogel(R), Clobex(R), Tri-Luma(R), Cetaphil(R) and Epiduo(R) are trademarks of Galderma Pharma S.A.
Pliaglis(R) is a trademark of Zars Pharma Inc. and Dysport(R) is a trademark of Ipsen Ltd.

All other trade names, trademarks or service marks are the property of their respective owners and are not the property of CollaGenex Pharmaceuticals, Inc. or any of our subsidiaries.

SOURCE Galderma Pharma S.A.
CONTACT: Pierre Libmann, Chief Financial Officer,
+33 (0)1 58 86 46 42,
pierre.libmann@galderma.com;
or For U.S. Inquiries, Dale Weiss,
+1-817-961-5186,
dale.weiss@galderma.com,
both of Galderma;
or Nancy C. Broadbent, Chief Financial Officer of CollaGenex,
+1-215-579-7388
Web site: http://www.galderma.com
http://www.collagenex.com

Medical/Technology: Thermo Fisher Scientific introduces new catalog for China

Waltham, Mass. (ANTARA News/PRNewswire-AsiaNet) - Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, has introduced its first Chinese-language catalog targeted specifically to markets in China. The new Fisher Scientific China Laboratory Supplies Guide includes an extensive portfolio of products suited to the needs of customers in research, testing and processing facilities in that country.

"Our objective is to leverage our strong Fisher Scientific brand in China to establish the leading channel footprint in that rapidly growing market," said Alan J. Malus, senior vice president of Thermo Fisher Scientific, and head of the company's customer channels business. "We are excited to bring this new resource to our customers in China, so they have greater access to the most comprehensive range of laboratory products and services available. The new catalog is one example of our continued investment in our global channel infrastructure. Through our unique combination of catalogs, e-commerce capabilities and supply-chain services, we can offer our customers anywhere in the world choice and convenience for their laboratory purchases."

The Fisher Scientific brand is a trusted partner to scientists worldwide, delivering a wide range of products and services for a full spectrum of markets, including academic, government, pharmaceutical, biotech, industrial, food quality and petrochemical segments. The Fisher Scientific catalog features a comprehensive selection of products, from workstations, equipment and instruments to general laboratory consumables and supplies. For more information, visit www.fishersci.com.cn .

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, enabling our customers to make the world healthier, cleaner and safer. With annual revenues of $10 billion, we have more than 30,000 employees and serve over 350,000 customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental and industrial process control settings. Serving customers through two premier brands, Thermo Scientific and Fisher Scientific, we help solve analytical challenges from routine testing to complex research and discovery. Thermo Scientific offers customers a complete range of high-end analytical instruments as well as laboratory equipment, software, services, consumables and reagents to enable integrated laboratory workflow solutions. Fisher Scientific provides a complete portfolio of laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety and education. Together, we offer the most convenient purchasing options to customers and continuously advance our technologies to accelerate the pace of scientific discovery, enhance value for customers and fuel growth for shareholders and employees alike. Visit www.thermofisher.com .

Media Contact Information:
Investor Contact Information:
Lori Gorski
Ken Apicerno
Phone: +1-781-622-1242
Phone: +1-781-622-1111
E-mail:
E-mail:
lori.gorski@thermofisher.com
ken.apicerno@thermofisher.com
Website: www.thermofisher.com

SOURCE Thermo Fisher Scientific Inc.
CONTACT: Media: Lori Gorski,
+1-781-622-1242,
lori.gorski@thermofisher.com; or Investors:
Ken Apicerno,
+1-781-622-1111,
ken.apicerno@thermofisher.com, both of Thermo Fisher Scientific Inc.
Company News On-Call: http://www.prnewswire.com/comp 877850.html
Web site: http://www.thermofisher.com
http://www.fishersci.com.cn

COPYRIGHT © 2008

Health/Medical: Stiefel Laboratories appoints first chief scientific officer

Coral Gables, Fla. (ANTARA News/PRNewswire-AsiaNet) - Stiefel Laboratories, Inc., the world's largest independent pharmaceutical company specializing in dermatology, today announced Gavin Corcoran, M.D., FACP, has been promoted to the newly created position of chief scientific officer.

Creating the position of chief scientific officer will reinforce the already critical role played by the R&D organization and the unity between all R&D departments. It also will further strengthen the collaboration among Stiefel's five R&D facilities around the world.

As chief scientific officer, Corcoran will oversee global scientific and operational activities related to product development and support; medical and scientific affairs; clinical and pre-clinical research; pharmacovigilance; portfolio planning; and regulatory affairs.

"Gavin's promotion to chief scientific officer is a testament to the wonderful work he has done for Stiefel since he came on board," said Brent Stiefel, executive vice president, Global Corporate Development and Product Portfolio.
"We chose Gavin to lead our R&D division because his vast experience along with his keen understanding of the industry arms him with the insight that will improve today's skin treatments and develop tomorrow's solutions."

The accomplishments Stiefel references include Corcoran establishing global R&D headquarters in Research Triangle Park, North Carolina; helping to lead integration following the acquisition of Connetics Corporation; overseeing R&D facilities on four continents; and strengthening the alignment of the R&D objectives and structure with the strategic direction of the business.

Prior to his promotion, Corcoran served as senior vice president, Global Research and Development. He joined Stiefel in 2005 as senior vice president, Global Clinical and Regulatory Affairs and has been a driving force in advancing the expansion of a world-class, global research and development organization. With this promotion, Corcoran will remain in Stiefel's R&D headquarters in Research Triangle Park and continue to report to Brent Stiefel.

Corcoran is a physician with specialties in internal medicine and infectious diseases and professional experience in private practice, academia and the pharmaceutical industry. A native of South Africa, he attended medical school at the University of the Witwatersrand in Johannesburg. His extensive pharmaceutical experience includes clinical research and regulatory leadership positions at Bayer, Schering-Plough and Amgen. In addition, he has successfully worked on drug development in a variety of fields, including anti-infectives, diabetes and dermatological infections.

About Stiefel Laboratories, Inc.

Founded in 1847, Stiefel Laboratories (a privately held company) is the world's largest independent pharmaceutical company specializing in dermatology. The company manufactures and markets a variety of prescription and non-prescription dermatological products. Some of the newest and best-known brands include Duac(R) Topical Gel (clindamycin, 1% - benzoyl peroxide, 5%) available in the Duac(R) Care System (CS); Evoclin(R) (clindamycin phosphate) Foam, 1%; Luxiq(R) (betamethasone valerate) Foam, 0.12%; MimyX(R) Cream; Olux(R) (clobetasol propionate) Foam, 0.05% and Olux-E(TM) (clobetasol propionate) Foam, 0.05% also available in the Olux(R) / Olux-E(TM) COMPLETE PACK; Soriatane(R) (acitretin) Capsules available in the Soriatane(R) CK CONVENIENCE KIT; Verdeso(TM) (desonide) Foam, 0.05%; Brevoxyl(R)-4 Creamy Wash (benzoyl peroxide 4%) and Brevoxyl(R)-8 Creamy Wash (benzoyl peroxide 8%) packaged in the Brevoxyl(R) Acne Wash Kit; Extina(R) (ketoconazole) Foam, 2%; Oilatum(R) Cleansing Bar; Physiogel(R); Stieprox(R) (ciclopirox olamine); REVALESKIN(TM); and Sarna(R). Its wholly-owned global network is comprised of more than 30 subsidiaries, manufacturing plants in six countries, research and development facilities on four continents, and products marketed in more than 100 countries around the world.

Stiefel Laboratories supplements its R&D efforts by seeking strategic partnerships and acquisitions around the world. To learn more about Stiefel Laboratories, Inc. visit www.stiefel.com

SOURCE: Stiefel Laboratories, Inc.
CONTACT: Erin Bacher,
Associate Director,
Global Public Relations,
+1-678-889-4039,
erin.bacher@stiefel.com, or
Amy Button,
Coordinator,
Global Public Relations,
+1-678-714-4153,
amy.button@stiefel.com,
both of Stiefel Laboratories, Inc.
Web site: http://www.stiefel.com

COPYRIGHT © 2008

Business: First Reserve Corporation invests in Kenersys

First Reserve Corporation Invests in Kenersys; the Newly Formed Kalyani Group Company Into the Wind Energy Sector

Investment to fund new wind turbine design and manufacturing company ...

Pune (ANTARA News/PRNewswire-AsiaNet) - The $2.1 billion Kalyani Group, the leader in the auto component sector in India, today announced that First Reserve Corporation, the leading energy-focused private equity firm has invested in Kenersys, the newly-formed integrated wind energy company focused on design, assembly and marketing of wind turbine generators.

First Reserve is the world's leading private equity firm in the energy industry and has an active investment program in the renewable energy sector and has invested in seven companies covering biofuels, waste to energy, CO2 offset origination and renewable generation; solar and wind.

With over USD 1.2 billion invested and committed to alternative and renewables companies, First Reserve is one of the largest investors in renewable energy and is targeting up to 15% of funds under management to this sector.

Speaking on the investment, Mr. B. N. Kalyani, Chairman, Kalyani Group said, "We are pleased to welcome First Reserve Corporation as a strategic investor in our wind energy business. With their expertise and knowledge in the energy industry, we will be able to further strengthen our business in the wind energy sector."

He further added that the Kalyani Group including Bharat Forge, currently supplies key wind turbine sub-components to component manufacturers and has utilized these relationships to secure components for Kenersys. Going forward, Kenersys will design and develop several key components for OEM's and Tier I companies in the industry, thus reducing its reliance on outside suppliers.

Mr. Francesco Giuliani, Director at First Reserve said "We are very excited to invest into Kenersys. We believe this to be a perfect match between First Reserve's energy experience and Kalyani Group's operational excellence." Additional investment opportunities have been identified as a follow up investment in either incremental capacity or as ownership of wind farms.

"The combination of superior design and performance with secure component supply from a low cost manufacturing base puts Kenersys in an outstanding position to meet the shortage of wind turbine capacity in the world today. We believe that Kenersys will quickly emerge as a leader in the turbine manufacturing industry," said Mr. Glenn Payne, Director at First Reserve.

Kenersys, with its design set-up in Germany and two operating companies in Germany and India, will initially focus on assembling and marketing turbines in Europe and Asia Pacific. The Indian organization will also focus additionally on turnkey wind farm project development. Other regions, including North America, are expected to follow. Kenersys' product strategy is built on state-of-the-art technology that will be targeted for specific markets. The initial products, 2 and 2.5 MW turbines are currently in the detail design phase with commercialization expected in Q4 2008/Q1 2009.

The wind turbine generators have a mature component design with demonstrated reliability that will be the basis for proven and economic performance with high availability. Component reliability which is crucial for the stable operation of wind turbine generator systems is the integral element of the design of this new wind turbine platform. The company has end- to-end design capability right from components to wind turbine systems and has a proven track record of wind industry projects with customers across Europe as well as in China, Japan and India in the Asian Region.

About Kalyani Group

Kalyani Group established in mid 1960s, is a leading Indian industrial conglomerate today with interests in forgings, automotive components, Engineering Quality steel and other niche segments such as non-conventional energy & heavy engineering components. The Group turnover is $2.1 billion and market capitalization of its listed entities exceeds $5 billion. The Group's manufacturing presence spans six countries across three continents viz. Asia, North America & Europe. The group has joint venture relationships with some of the world's leading players such as ArvinMeritor, USA, Carpenter Technology Corporation, USA, Hayes Lemmerz, USA, Gerdau SA, Brazil and FAW Corporation, China. The group places strong emphasis on technology, customer relationships and continuous & sustained development of it's over 10,000 strong global human resources.

About First Reserve

First Reserve is the world's leading private equity firm in the energy industry. Throughout its 25-year history of investing solely in the global energy industry, First Reserve has developed a strong franchise, utilizing its broad base of
specialized industry knowledge as an advantage. First Reserve believes that strategic diversification across a wide range of energy industry sectors has been a major contributor to the long-term, superior investment record achieved by the First Reserve Funds across economic cycles. Further information is available at www.firstreserve.com.

For further information contact:
Ms Sarita Iyer
Corporate Communications
Tel: +91-20-26824666 / 26702638
Fax: +91-20-26822598
Email: siyer@bharatforge.com
First Reserve Corporation:
Caroline Harris
CJP Communications
Tel: 212 279 3115 ext 222
Email: charris@cjpcom.com
John Anderson
Cubitt Consulting
Tel: +44 (0)20 7367 5110
Email: john.anderson@cubitt.com

SOURCE First Reserve Corporation and Kalyani Group
CONTACT: Ms Sarita Iyer, Corporate Communications,
+91-20-26824666,
+91-20-26702638,
Fax: +91-20-26822598,
siyer@bharatforge.com;
First Reserve Corporation: Caroline Harris, CJP Communications,
+1-212-279-3115 ext 222,
charris@cjpcom.com, or
John Anderson, Cubitt Consulting,
+44 20 7367 5110,
john.anderson@cubitt.com
Web site: http://www.firstreserve.com

COPYRIGHT © 2008

Business: United Technologies extends reach of corporate advertising

Hartford, Conn. (ANTARA News/PRNewswire-AsiaNet) - United Technologies Corp. (NYSE: UTX) today announced an extension of its corporate advertising campaign, known as "Cross Section," with a new long-copy, small-space format designed initially to run exclusively opposite the editorial page in targeted financial, business and thought leader publications. The new ads, which will begin to run Wednesday, April 2, and continue for 13 consecutive Wednesdays, provide a deeper, richer look into the sustainable processes, products and philosophy of United Technologies Corporation.

UTC's "Cross Section" campaign won IR Magazine's "Best Corporate Advertising" award in 2007.

Each small-space ad, which will feature the hand-drawn artwork of UTC products and technologies used in its current campaign, addresses important issues of the day from sustainability and leadership to innovation and quality. The ads feature statements by UTC Chairman and Chief Executive Officer George David, and UTC President and Chief Operating Officer Louis Chenevert.

"UTC has a richness and depth of performance seen most graphically in its 20 per cent reduction of energy consumption since 1997 while doubling revenues during the same period," said Nancy T. Lintner, UTC vice president, communications. "The new long-copy ads allow UTC, through the vision and voice of our leadership, to provide a complete picture of the company's sustained commitment to performance."

The print ads encourage the reader to view additional material online at www.utc.com/leadership

"UTC has always brought big ideas to every place they do business," said Lee Garfinkel, chairman and chief creative officer, DDB New York. "This campaign allows us to demonstrate just how passionate UTC's leadership is about larger global issues as well as innovative technologies."

Additionally, UTC will expand its "Cross Section" advertising campaign later this month into China, with print ads in Beijing and Shanghai. DDB Worldwide, the New York-based advertising firm, developed both campaigns.

"The ads, adapted specifically for the China market, communicate the company's growth and presence in the country," Lintner said. "The campaign defines how UTC's energy-efficient products meet the fast growing needs of a rapidly urbanizing and increasingly environmentally-aware China."

UTC's China revenues last year exceeded $2 billion. UTC entered the Chinese market in 1888 thought its Otis Elevator unit.

DDB Worldwide's New York and Shanghai offices worked with UTC to modify U.S. "Cross Section" ads with regionally appropriate and culturally relevant details.

The ad campaign includes a new Web page, www.utc.com/curious cn, and newspaper and magazine ads in Beijing and Shanghai.

Contacts:
Tom Downie
Amy Cheronis
United Technologies Corp. DDB
(860) 728-7012
(312) 493-9949
SOURCE: United Technologies Corp.
CONTACT: Tom Downie of United Technologies Corp.,
+1-860-728-7012; or
Amy Cheronis for United Technologies Corp.,
+1-312-493-9949
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080403/NETH010
PRN Photo Desk:
photodesk@prnewswire.com
Company News On-Call: http://www.prnewswire.com/comp/913919.html
Web site: http://www.utc.com/curious/cn
http://www.utc.com/leadership
(UTX)
Image Attachments Links:: http://asianetnews.net/ViewImage.asp?ID=93216

COPYRIGHT © 2008

Financial/Bank: BNY Mellon Asset Servicing claims `Best Global Custodian` in Asian Award for 2nd

Singapore (ANTARA News/PRNewswire-AsiaNet) - BNY Mellon Asset Servicing, the global leader in securities servicing, has been awarded the title of 'Best Global Custodian' in Asia in The Asset magazine's Triple A Transaction Banking Awards 2008. The Asset magazine is one of Asia's leading monthly financial markets magazines.

The Asset noted that BNY Mellon, 'had proven to be an undeniable presence in the global custody arena last year as it transformed itself into the biggest custodian bank in the world following the merger between The Bank of New York and Mellon.'

2007 was a strong year for BNY Mellon in Asia with multi-million dollar revenue growth and a surge in assets under custody and administration. The Asset stated that BNY Mellon 'won mandates left and right' across all the major markets in Asia Pacific.

"It is a great honour to accept this prestigious award," said Chong Jin Leow, head of Asia, BNY Mellon Asset Servicing. "When we announced our merger last year we promised clients that they would receive the same high level of service to which they are accustomed. To be awarded best global custodian for the second consecutive year is not only a great privilege, it shows that we are delivering on our client promise."

"This recognition is testament to the dedication and performance of our talented employees across the region. I would also like to thank our clients, who place their trust in us - this award would not be possible without their support," added Jin Leow.

Last month, BNY Mellon was also awarded the title of 'Best Fund Administrator' in Asia by The Asset magazine.

The Bank of New York Mellon has been conducting business in the Asia-Pacific region for over 50 years and has over 2,700 employees in 15 offices across 12 countries in the region, including full-service branches in Shanghai, Tokyo, Hong Kong, Singapore, Seoul, and Taipei.

Notes to editors
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through The Bank of New York, Mellon Bank, N.A. and other related companies.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.

SOURCE BNY Mellon Asset Servicing
CONTACT: Louisa Bartoszek of BNY Mellon Asset Servicing,
+44 20 7163 2826,
louisa.bartoszek@bnymellon.com
Web site: http://www.bnymellon.com

COPYRIGHT © 2008

Technology: SoftSwitching Technologies opens Asia office

SoftSwitching Technologies Expands Global Reach with New Singapore Headquarters

Middleton, Wis. (ANTARA News/PRNewswire-AsiaNet) - SoftSwitching Technologies(R) (SST), a growing global leader in the power quality industry, is pleased to announce the opening of its first international office in Singapore. SoftSwitching Technologies Asia, scheduled to open this spring, will promote SoftSwitching Technologies power quality detection and protection solutions for the semiconductor market, and provide a customer support center dedicated to growing the global SoftSwitching Technologies semiconductor business in Asia.

"Asia leads the market in the global semiconductor industry, making Singapore the ideal location for SoftSwitching Technologies Asia," says Rob Loomis, president and CEO of SoftSwitching Technologies. "The global semiconductor industry welcomes our power quality solutions because they work, and we're pleased to be expanding into Asia where our solutions are urgently needed. We expect this new office will be the first of many global SoftSwitching Technologies offices launching worldwide as we continue to grow."

SoftSwitching Technologies entered the Asian market six years ago by establishing a relationship with Singapore distributor PC2M, a member of the Lim Kim Hai Group. Francis Phang, SST's original representative at PC2M, is joining the SST sales team as a regional manager of the Singapore office to provide better service to both new and established relationships. "The Singapore office will allow us to create a customer support center devoted to serving the Asia market as it continues to thrive," says Rick Smith, international director of sales for SoftSwitching Technologies, who will work with Phang in Singapore. "By maintaining a presence in Asia, we hope to become the trusted partner for Asia's automated industrial markets and believe our success will open the door to future growth."

About SoftSwitching Technologies

SoftSwitching Technologies is a global leader in power quality solutions for all automated industrial markets, developing products, systems and services that effectively monitor, correct and restore the power at any automated manufacturing operation and protect sensitive processes, equipment and facilities from the negative effects of Dirty Power. SoftSwitching Technologies was founded in 1995 and introduced its first power quality market solution, the DySC(R), in 1998. Today, SoftSwitching Technologies offers some of the most affordable, effective and scalable power quality and monitoring solutions available on the market. Customers include both middle market firms and blue chip companies such as General Motors, Chrysler, Ford, BMW, Honda, Applied Materials, Texas Instruments, Motorola, Hynix, Kraft, General Mills, Campbell's, ConAgra Foods and Anheuser Busch. For additional information, visit http://www.SoftSwitch.com.

SOURCE SoftSwitching Technologies
CONTACT: Nate Towne of Hiebing,
+1-608-256-6357,
ntowne@hiebing.com, for SoftSwitching Technologies
Web site: http://www.SoftSwitch.com

COPYRIGHT © 2008

Automotive: KTB`s Efforts to Achieve "Mitsubishi Service No. 1"

Jakarta, April 8, 2008 (ANTARA) - PT. Krama Yudha Tiga Berlian Motors (KTB) as Sole Distributor of Mitsubishi vehicle in Indonesia of Mitsubishi Motors Corporation (MMC) and Mitsubishi Fuso Truck & Bus Corporation (MFTBC) announced the establishment of TSRC (Technical Service & Research Center) on April 8, 2008. The commemoration of this establishment conducted in the KTB, Jakarta, inviting all Service Coordinators of Mitsubishi authorized dealers in Indonesia, and Service & Spare Part Manager of Mitsubishi authorized dealers in Jabodetabek and Banten area.

After Sales Service is the important thing in determination customer satisfaction level. KTB cares and commits to keep on improving the quality of customer satisfaction level and establishes TSRC as the tool to strengthen the support for technical aspects in Mitsubishi vehicles for dealers and customers, by accomodating research and test of vehicles and its components. TSRC Mitsubishi wil be supported by sophisticated technology equipments and supporting skills to help dealers in handling the unsolved technical matters.

With the objective to make "Mitsubishi Service No. 1" TSRC is becoming one of the good efforts and firming the steps for Mitsubishi in the future.

The issue to make "Mitsubishi Service No. 1" is apropriate with KTB's aim to increase 20% of sales for year 2008 and firming the position as one of the best automotive companies in Indonesia with 3 (three) strong pillars of sales: Light Commercial Vehicle (LCV), Commercial Vehicle (CV) and Passenger Car (PC). With the support from the sales and after sales service network spread all over Indonesia that currently reach almost 150 authorized dealers completed with service and spare parts facility, 120 authorized workshops and 3.500 part shops, KTB is optimistic in achieving the goals.

By the establishment of Mitsubishi Training Service & Research Center, and supproted by good spirit, hard work and good coordination between KTB, dealers and all supporting partners, we are optimistic to achieve the goal of "Mitsubishi Service No. 1".

For further information please contact:
Public Relations Office
PT. Krama Yudha Tiga Berlian Motors
Jl. Jend. A. Yani Proyek Pulomas - Jakarta 13210
Tel: 021-4891608 | Fax: 021-4757735
Email: ktb@ktb.co.id

COPYRIGHT © 2008

Automotive: Mitsubishi Grandis 2008 "The Art of Luxury"

Jakarta, April 8, 2008 (ANTARA) - PT. Krama Yudha Tiga Berlian Motors (KTB) as Sole Distributor of Mitsubishi vehicle in Indonesia of Mitsubishi Motors Corporation (MMC) and Mitsubishi Fuso Truck & Bus Corporation (MFTBC) announced the launching of Luxury MPV (Multi Purpose Vehicle): New Mitsubishi Grandis 2008. The launching of Mitsubishi Grandis 2008 has become one of our efforts to fulfill the demand of Mitsubishi vehicle fans in Indonesia, especially for those who has always demand for the changes ever since the launched of this vehicle in year 2005.

Mitsubishi Grandis was first launched on February 2005, as Luxury MPV with luxurious design interior that prioritize on comfortability as main factor with the combination of high quality equipment features as comfort as modern family living room. With tag line It's About "Prestigious", Mitsubishi Grandis has proven its durability by the achievement of several prestigious awards: Winner of Premium Family Car from Top Gear Best Choice 2005, Best Premium MPV from Indonesian Car Of The Year 2006, Best MPV Non Premium Class Segment from Indonesian International Motor Show 2006 and Favorit Luxury MPV from AUTOCAR Indonesia Reader's Choice Awards 2008.

Product Concept
Mitsubishi Grandis 2008 is still hold on the concept as exclusive family vehicle with unique design and has several various technology superiorities. Mitsubishi Grandis 2008 is more comfort, more luxurious and more classy with several changes in the exterior and interior. The new tagline "The Art of Luxury", reconfirm the position of Mitsubishi Grandis as the vehicle that able to reflects luxurious enchanments and passion to reconfirm the image of its prestigious user.

Interior
- The look of Mitsubishi Grandis 2008 is more prestigious and luxurious with the combination of black-beige dashboard, and beige-colored smooth leather seat.
- Wooden clutch panel express the luxurious image.
- Parking Brake - Foot Type, for easier operation and roomier space in center table.

Exterior
- With HID headlamp addition, Mitsubishi Grandis has more optimum lumination, with HID (High Intensity Discharge) technology that has brighter lumination technology.
- Glass Antenna as new feature has made Mitsubishi Grandis 2008 more practical and stylish

Engine
Supported by the similar engine as previous 2.4 Liter MIVEC (Mitsubishi Innovative Valve Timing and lift Electronic Control) with variable valve. Maximum torque output of 22.1 kg-m/ 4000 rpm with low ignition, also minimize the exhaust gas emission. Maximum output reached 165PS/ 6.000 rpm

Color
Mitsubishi Grandis 2008 is available in 4 (four) choice of colors; Pyreness Black, Cool Silver Metallic, Eisen Grey Mica and Platinum Beige.

Sales Information
- Sales Target: 100 units/ month
- Manufacturer Recommended Price for Jabotabek (Off the Road): Rp. 280.000.000,-
- Available in all Mitsubishi Authorized Dealers

For further information, please contact:
PUBLIC RELATIONS OFFICE
PT. KRAMA YUDHA TIGA BERLIAN MOTORS
JL. JEND. A. YANI PROYEK PULOMAS - JAKARTA 13210
TEL: 021-4891608 | FAX: 021-4757735
EMAIL: ktb@ktb.co.id

COPYRIGHT © 2008

Technology: World's first integrated wind turbines inaugurated in Bahrain

Bahrain World Trade Center leads the way in environmental architecture

Manama, Bahrain (BUSINESS WIRE) - The Bahrain World Trade Center (BWTC) made history today as its pioneering wind turbines turned together for the first time.

The three 29m-diameter turbine blades on Bahrain's iconic landmark are the world's first to be integrated into a commercial development, and are forecast to provide the equivalent of 11-15% of the power for the two towers when fully operational.

The successful installation of the turbines involved collaboration between Atkins Architects and Engineers and Norwin turbine specialists, who were in Bahrain for the inaugural turning and presentation to media.

Mr Ole Sangill, Managing Partner of turbine specialists Norwin who have been involved with the project from conception, was present throughout the installation process and at the inauguration, and commented: "This was of course a first for Norwin as it was for the real estate world, and we truly have pushed the boundaries of environmental architecture with this project. It is a testament to Bahrain that private developers are investing in sustainability and pioneering design, which is certainly the future of architecture as it shapes the planet in years to come."

Speaking at the event, Mr Simha LytheRao Atkins Project Manager explained that the use of established technologies, including type-tested turbines with minimal modifications ensured that the additional cost incurred by incorporating turbines into the project was reduced to around 3.5% of the overall project value, making it not only an environmentally responsible but also a financially viable venture. He also explained how the elliptical shaped towers act as aerofoils, funneling and accelerating the wind velocity between them, and exploiting the unobstructed prevailing onshore breeze from the adjacent Gulf coast to provide a renewable source of energy for the building.

The incorporation of large-scale turbines onto a building is a world first. During the proceeding months the turbines will therefore undergo detailed analysis and optimization by Norwin to determine their actual electricity generation potential.
The turbines are expected to operate approximately 50% of the time.

The project has also been the recipient of international acclaim for its commitment to sustainable development, being awarded LEAF Awards 2006 for ?Best Use of Technology within a Large Scheme' and recently the Arab Construction World ?Sustainable Design Award'.

These accolades recognise the achievements of developments whose raison d'?tre is environmental protection and improvement, and provide public recognition for the individuals and companies who have attained the highest standards within the design and construction industry.

Hill and Knowlton for BWTC
Katherine Kaczynska
Tel: +973 17533532 Fax: +973 17533370
katherine.kaczynska@hillandknowlton.com

Medical/Technology: SunTech Medical to showcase new product at 2008 CMEF

Morrisville, N.C. (BUSINESS WIRE) - SunTech Medical, a leader in non invasive blood pressure (NIBP) technology and products, will showcase the SunTech 247 at the 2008 China Medical Equipment Fair (CMEF) held in Shenzhen Convention and Exhibition Center April 18 - 21.

The SunTech 247 Diagnostic Station is the first in a new category of blood pressure products that performs automated as well as manual readings and is expandable with modules for pulse oximetry and temperature. In addition, the SunTech 247 can be purchased for almost half the price of a traditional vital signs monitor and is available in wall mount, table top or mobile stand configurations.

CMEF will provide a dynamic venue for distributors, manufacturers and end-users to convene for the China area. Over 2,000 exhibitors from 17 countries will show at the fair and over 50,000 visitors from 74 countries and regions will be in attendance. The SunTech Medical booth will be located in Hall 2, Booth C28 on the exhibition floor. Delegates will have the opportunity to demo the SunTech 247 as well as other SunTech products and technology.

To find out more information about the SunTech 247 or other SunTech Medical products or technology please contact sales@suntechmed.com, call +852.2251.1949 or fax +852.2251.1950.

About SunTech Medical

SunTech Medical provides clinical grade non-invasive blood pressure (NIBP) products and technology. We offer solutions for ambulatory blood pressure monitoring, cardiac stress test blood pressure monitoring, and now a general-use, expandable blood pressure device with temperature and SpO2 upgrades. Our series of OEM blood pressure modules offer customizable NIBP solutions for all clinical applications. Visit us online at www.SunTechMed.com.

Release Summary: SunTech Medical will showcase the SunTech(R) 247(TM) at the 2008 China Medical Equipment Fair (CMEF) held in Shenzhen Convention and Exhibition Center April 18-21.

KEYWORDS: china medical equipment fair, cmef, nibp, non invasive blood pressure, suntech 247, suntech medical

SunTech Medical
Anthony Nixon, 852-2251-1949; sales@suntechmed.com

Business: Richardson & Patel forms alliance with leading Chinese law firm

Richardson & Patel expands reach in Asia by partnering with Li & Partners

Los Angeles (BUSINESS WIRE) - Richardson & Patel, LLP today announced that it has entered into an alliance with Li & Partners, one of China's premier law firms, consisting of more than 60 attorneys. The alliance will fortify Richardson & Patel's rapidly expanding Asia practice, which focuses on assisting Asia-based companies in accessing U.S. capital markets and cross border opportunities. The alliance will allow Richardson & Patel to rapidly deploy legal teams and resources to its clients in Asia.

"This alliance expands our local legal knowledge and our ability to provide additional services to our Asian clients, including expanding access to Asian capital markets in Hong Kong, Singapore and Korea," said Kevin Leung, Partner and Director of the Asia Practice Group at Richardson & Patel. "With Li & Partners we will double the size of our firm and provide a stronger platform for our Asia Practice Group, which is already one of the largest in the U.S. We've worked on significant transactions together and are ready to take the next step," added Mr Leung.

"We've enjoyed working with Richardson & Patel and look forward to this expanded relationship," said Wei Bin Li, Founding Partner of Li & Partners. "We've always been impressed with Richardson & Patel's creativity in providing access to U.S. capital markets for Asia-based companies. It will be a privilege to afford them local legal knowledge and assistance in accessing Asian capital markets for their clients," added Mr Li.

Recent joint transactions include First Tractor Company Limited (HK$265M Rule 144A Offering), Perfectenergy International Limited ($18.4M Alternate Public Offering in U.S.) and ZAP (PRC Joint Venture).

About Richardson & Patel, LLP

The law firm of Richardson & Patel, with offices in Los Angeles and New York, focuses on corporate & securities law, mergers & acquisitions, corporate finance, and business, securities & employment litigation.Richardson & Patel's entrepreneurial spirit and competitive strength lies in its ability to blend its understanding of capital markets with its grasp of complex legal issues.As a valued business partner to numerous emerging growth clients, Richardson & Patel has mastered the art of business and the science of law to deliver Business Minds for Legal Matters.

About Li & Partners

Li & Partners is a diversified, Hong Kong-based international law firm composed of attorneys with substantial experiences in various countries and legal systems. The firm provides individual and corporate clients with a variety of legal services, from litigating disputes, to financial planning, to developing creative solutions for complex business questions.

Richardson & Patel, LLP
Douglas Gold, 310-208-1182 dgold@richardsonpatel.com
or Li & Partners
Victoria Liu, 852-2218-0961 victorialiu@li-partners.com

Business: Avery Dennison acquires DM Label Group

Pasadena, Calif. (BUSINESS WIRE) - Avery Dennison Corporation (NYSE:AVY) announced today the acquisition of DM Label Group, a manufacturer of high-quality woven labels with manufacturing facilities in six countries. DM Label Group is headquartered in Taipei, Taiwan.

"The acquisition of DM Label Group reflects our commitment to providing the best, quickest and most consistent service to our customers, wherever they are located around the world," said Dean A. Scarborough, president and chief executive officer of Avery Dennison. "The DM Label Group strengthens our woven label product line and reinforces our presence in Asia, a major
sourcing area for the global apparel, retail branding and marking industry."

The acquisition of DM Label Group complements Avery Dennison's acquisition and integration of Paxar into its Retail Information Services (RIS) group last year. RIS is a global leader in providing brand identification and supply chain management solutions primarily for manufacturers and retailers, including tag and label design and printing; inventory and shipment tracking; and data management systems.

"We have had a long and productive relationship with Avery Dennison," said James Hsu, president and chief executive officer of DM Label Group. "Now as part of Avery Dennison, we have the opportunity to offer customers an increased product range and the global scale, local presence and resources to help retailers, brand owners and factories meet their business goals.""The DM Label Group acquisition and its expanded woven label product line enhances our ability to create superior value for our customers and provide increased speed and responsiveness in delivering products and services to our customers," says Terry Hemmelgarn, group vice president of Avery Dennison's Retail Information Services Group.

Founded in 1960 by the Hsu family, DM Label Group has 11 manufacturing facilities in six countries, including China, Vietnam, Malaysia, Indonesia, Taiwan and the United States. Its core products include woven labels, printed labels, accessory tapes, hang tags, heat transfer labels and "skin touch" fabric ribbon tape. Hsu will serve as a vice president and general manager, reporting to Terry Hemmelgarn. Terms of the transaction were not disclosed.

Avery Dennison is a global leader in pressure-sensitive labeling materials, retail tag, ticketing and branding systems, and office products. Based in Pasadena, Calif., Avery Dennison is a FORTUNE 500 Company with 2007 sales of $6.3 billion. Avery Dennison employs more than 30,000 individuals in over 60 countries, who develop, manufacture and market a wide range of products for both consumer and industrial markets. Products offered by Avery Dennison include: Fasson-brand self-adhesive materials; Avery Dennison brand products for the retail and apparel industries; Avery-brand office products and graphics imaging media; specialty tapes, peel-and-stick postage stamps, and labels for a wide variety of automotive, industrial and durable goods applications.

Avery Dennison Corporation
Media Relations:
Laurence J. Dwyer, 626-304-2014
communications@averydennison.com
or Investor Relations:
Cynthia S. Guenther, 626-304-2204
investorcom@averydennison.com

Entertainment: International travellers take on Europe's longest pub crawl during Oktoberfest

Perth - Medianet International-AsiaNet/ - Australian-based touring company, Thirsty Swagman (www.WorldsBiggestPubCrawl.com), is initiating Europe's longest pub crawl during Oktoberfest, bringing a limited number of travellers on an 11-night pub-crawling party across several European countries.

Parties and pubs may make for common bedfellows, but when Australia's Thirsty Swagman touring company (www.WorldsBiggestPubCrawl.com) plans a European pub crawl, they shake things up a bit. This year, during Oktoberfest, Thirsty Swagman will be offering an "adventure drinking" excursion for party-hungry travellers with Europe's longest pub crawl.

The multi-country pub crawl will kick off in the beer tents of Oktoberfest 2008, offering travellers an 11-night party across Europe. Members of the tour group will pay a visit to Munich, Maria Alm in Austria, Prague, and Dusseldorf (home of the world's longest bar).

"This concept of combining international travel with pub crawling has never been offered before," said Kenneth Hart, founder of Thirsty Swagman Pty Ltd. "This is a unique way to see some interesting places in Europe while having fun and meeting real locals at every destination."

The record-breaking alternative travel outing has been dubbed the "Euro Hard 'n' Fast" tour. The adventure drinking tour is accepting only 24 people, and is a practical travel option for solo travellers or even a small group of friends.

"Every place we visit is unique," says Karen Logan, Media and Online Manager at Thirsty Swagman. "For example, in Dusseldorf visitors can drink at more than 350 pubs and bars within a single city block. Well be taking our tour group there on Germanys re-unification day when they can meet a lot of locals and other travellers, as over 100,000 people can pack those pubs that night."

The Euro Hard 'n' Fast tour includes all transport from Munich through the end of the trip, 3-star twin-share accommodations (including breakfast), entry to beer tents, pubs and bars with discount drinks available at some, video production, t-shirts, and a bilingual party / tour guide. The price in Australian dollars is $2990 per traveller.

About Thirsty Swagman Pty Ltd:

Thirsty Swagman was launched in April 2007 to provide an alternative to the usual sight-seeing and experience tours. All trips by the company offer a purely pub- and bar-based itinerary, usually taking in the local nightlife and covering multiple countries.

For more information about Thirsty Swagman or the Euro Hard 'n' Fast tour, please visit www.WorldsBiggestPubCrawl.com
D12-euro-hard-n-fast-tour-2008.html or contact Kenneth Hart at +61 8 9257 3898.

SOURCE: Thirsty Swagman
CONTACT:
Kenneth Hart, Chief Swagman -Thirsty Swagman Pty Ltd
Phone: +61 8 9257 3898
Email: press@thirstyswagman.com
Web:www.worldsbiggestpubcrawl.com
Note: High-resolution artwork, photos and posters are available upon request.

Technology: TRA Bahrain invites expressions of interest for 3rd mobile of licence

TRA Bahrain invites the industry to express interest and opinions on the award process of the 3rd mobile operator licence

Manama, Bahrain (BUSINESS WIRE) - TRA Bahrain has today published an invitation for the telecommunications industry to express interest and opinions on the Aspects of the Award Process of the 3rd Mobile Network Operator (MNO) Licence.

In this Expression of Interest invitation, TRA is seeking from potential applicants for the 3rd MNO in Bahrain, opinions regarding the preferred spectrum band(s)to be assigned, opinions regarding the amount of spectrum required, and any additional measures such as infrastructure sharing, national roaming and an exclusivity period. which are considered to be essential for the entry of a 3rd MNO.

TRA's General Director Mr Alan Horne, commented by saying: "TRA is charged with ensuring the telecommunications regulations not only enable consumers have real choice in service providers but that prices and quality meet international best practice. A Third mobile operator will, we believe, considerably assist us meet this objective and further support the growth in the economy and market in Bahrain."

He went on to say "This consultation will assist us to design the award process. TRA wishes to maximise the transparency of the process and therefore seeks views on the preferred licence award mechanism such as single stage process of either a beauty parade or an auction, or a sealed bid; or a multi- stage process including technical pre-qualification and auction or sealed bid. We are seeking speed to role out services, quality and innovation, not necessarily high bid prices."

TRA has indicated it anticipates awarding the licence by 31st December, 2008. In line with this commitment, it has set 4th December, 2008 as the target date for awarding the 3rd MNO licence.

TRA's Spectrum Advisor and the project manager of the award process Mr Karl van Heeswijk said: "We strongly encourage all interested potential mobile operators to provide their feedback to us on the aspects of the award process. The aim of TRA is to design and schedule a simple and transparent award process"

TRA has moved quickly after the end of the consultation period on its Strategic and Retail Market Review which ended on 31st March. The award of a 3rd Mobile Operator is one of 9 actions set out in the Draft Decision issued by TRA.

Interested parties can express their interest and submit their comments to TRA by 4:00 pm local time on 4 May 2008. The Expression of Interest document can be viewed on TRA's website www.tra.org.bh

About TRA

The Telecommunications Regulatory Authority (TRA) was established by Legislative Decree No. 48 of 2002 promulgating the Telecommunications Law. TRA is an independent body and its duties and powers include, among other things, protecting the interests of subscribers and users and promoting operators effective and fair competition among existing and new licensed.
More information regarding TRA can be viewed at www.tra.org.bh

Telecommunications Regulatory Authority
Dana Chehab
Director of Communications & Consumer Affairs
Tel: +973 17 520000 Mobile: +973 3971 0033 Fax: +973 17532125 dchehab@tra.org.bh

Business: Business in Asia Today - April 08, 2008

VIETNAMESE CO, PARTNERS INK JV CONTRACT ON NGHI SON OIL REFINERY
Hcm City (ANTARA News/Asia Pulse) - A joint venture contract on the Nghi Son oil refinery and petrochemical project was signed in Ho Chi Minh City on April 7.
The complex, the largest so far, will be built in Nghi Son commune, Tinh Gia district of the central province of Thanh Hoa with an investment capital of US$6 billion for its first phase.
The joint venture is between the Vietnam National Oil and Gas Group (PetroVietnam) and Kuwaiti and Japanese partners. The first phase includes the construction of an oil refinery with an annual capacity of 7 million tonnes of crude oil, a polypropylene plant with an annual manufacturing capacity of between 150,000-350,000 tonnes and a polyester fibres plant that is expected to pump out 260,000 tonnes a year.

TOSHIBA LIFTS COMMERCIAL PAPER ISSUANCE PROGRAM TO Y400 BLN
Tokyo (ANTARA News/Asia Pulse) - In preparation for rising funding demand, Toshiba Corp. (TSE:6502) has boosted its issuance program for commercial paper to 400 billion yen (US$3.9 billion) from a previous 250 billion yen.
The company's funding needs are poised to grow as it actively expands its businesses in areas such as semiconductors and nuclear power plants.
Toshiba plans to begin building flash memory factories in Iwate and Mie prefectures in spring 2009. Its combined investment, along with its partner, U.S. data storage product manufacturer SanDisk Corp., will top 1.7 trillion yen.

HYUNDAI MOTOR STARTS 2ND PLANT IN CHINA
Beijing (ANTARA News/Asia Pulse) - South Korea's Hyundai Motor Co. (KSE:005380) on Tuesday started commercial operations at its second factory in China as part of its efforts to drive up sales in the world's fastest-growing automobile market.
The new US$790 million facility on the outskirts of Beijing is expected to eventually allow Hyundai Motor to double its production capacity in China to 600,000 units a year.
In a statement, Hyundai Motor Chairman Chung Mong-koo said the second plant will help the automaker cut costs and introduce vehicles for Chinese drivers.

SANTOS AWARDS DESIGN CONTRACTS FOR AUSTRALIAN LNG PROJECT
Perth (ANTARA News/Asia Pulse) - Foster Wheeler and Bechtel Corporation have been awarded preliminary engineering and design contracts for Santos Ltd's proposed A$7.7 billion (US$7 billion) Gladstone liquified natural gas (LNG) project in Queensland. The two studies, to be undertaken in parallel, are expected to take six months to complete.
Santos said it anticipated a final investment decision by the end of 2009 and first LNG cargo by early 2014.
Santos acting chief executive David Knox said the Gladstone plant would involve coal seam gas being cooled to LNG then exported to Japan, China and South Korea.

INDIA'S GODREJ ENTERS WOMEN'S HYGIENE MARKET WITH SWEDISH CO
New Delhi (ANTARA News/Asia Pulse) - India's Godrej Consumer Products (GPCL) (BSE:532424) has forayed into the women's hygiene market through a joint venture with Sweden-based SCA Hygiene Products AB with plans to set up a Rs 400 million (US$10 million) manufacturing unit.
Godrej SCA Hygiene, an 50:50 joint venture between the two companies, has introduced sanitary napkin brand 'Libresse', from SCA's global portfolio.
It is aiming to capture a 15-20 per cent share of the women's hygiene market India in the next 3 years, currently pegged at Rs 700 crore and growing at 9 per cent per annum.

INDIA'S RELIANCE MONEY DRAWS UP AGGRESSIVE GLOBAL EXPANSION PLAN
New Delhi (ANTARA News/Asia Pulse) - Seeking to complement its domestic target of doubling its Indian presence to 20,000 outlets this year, Anil Ambani group's Reliance Money has drawn out an aggressive expansion plan for the overseas market to set up shop in about half a dozen locations by the end the current fiscal year.
Reliance Money CEO Sudip Bandyopadhyay said the company will be setting up offices in six to seven strategic locations around the world in 2008-09.

S KOREA'S FEBRUARY RETAIL SALES GROW 7.2 PCT
Seoul (ANTARA News/Asia Pulse) - Retail sales in South Korea grew 7.2 per cent in February from a year earlier, fueled by strong demand for cosmetics and automobile fuel, a government report said Tuesday.
According to the report by the Korea National Statistical Office (NSO), South Korea's retail sales amounted to 19.41 trillion won (US$19.89 billion) in February.
Department store sales rose 5.7 per cent annually, while sales at large-sized discount shops surged 4.6 per cent over the cited period, the office said.

CHINA'S IMPORTED MILK POWDER PRICES RISE ON STRONG DEMAND
Shanghai (ANTARA News/Asia Pulse) - The retail prices in China of imported milk powder under brands such as Wyeth, Meadjohnson, Dumex and Nestle have been raised in recent weeks, and the range of the price hikes is largely 5-7 per cent. Market analysts attribute this mainly to strong demand for milk products in China and cost rises caused by global grain prices hikes.
The prices of imported milk powder products have been rising since the second half of last year, to about 200 yuan (US$27.83) for a can of 900 grams at present, from about 160 yuan a year ago.
Customs statistics show that China imported 299,000 tons of milk products in 2007, down 14.2 per cent year on year, but the import value reached US$740 million, up 33.3 per cent.

TAIWAN'S MARCH CPI UP 3.96 PCT YR-ON-YR
Taipei (ANTARA News/Asia Pulse) - Led by a 9.33 per cent hike in food prices, Taiwan's consumer price index (CPI) rose to 103.12 in March, representing a 3.96 per cent rise compared to the same month last year, the statistics bureau announced Monday.
"Although March's CPI was 1.07 per cent lower than in February, the CPI for the first quarter still recorded an average increase of 3.59 per cent," said Chao-Ming Wu, a section chief of the Directorate General of Budget, Accounting and Statistics (DGBAS).
The month-on-month decline in inflation reflected a fall in prices from highs set during the Chinese New Year holiday, when the prices of overseas travel, caretakers, and fruits and vegetables usually spike.

INDONESIA TO END PORT OPERATOR'S MONOPOLY DESPITE PROTEST
Jakarta (ANTARA News/Asia Pulse) - The Indonesian government and the House of Representatives are set to pass a new maritime bill into law calling for an end to the monopoly of state port operators, despite strong opposition from longshoremen.
The bill will end the monopoly enjoyed by PT Pelabuhan Indonesia (Pelindo) I, II, III and IV at 112 major ports in the country.
Around 10,000 longshoremen led by the port labor union (SPPI) are set to stage a strike today when the House holds a plenary session on the bill potentially disrupting exports.
Chairman of the Commission V Ahmad Muqowam said in principle both the House and the government had approved the bill and that it would be passed into law today.

Source:
Business in Asia Today - MARCH 18, 2008
published by Asia Pulse

COPYRIGHT © 2008