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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (85996)	12/18/1998 12:49:00 PM
From: Venkie	Respond to of 176387

Correction..big mistake..ubid..55...I wish 75 eggs has to come to daddie soon...come to daddie

To: Lee who wrote (85996)	12/18/1998 1:29:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

<Asia> Business Today. Lee: Since there is not much company specific news today from DELL here is what is going on Asia today. ================================= Business in Asia on Dec 18, 1998. A summary prepared by Asia-based wire with exclusive news, market intelligence and business opportunities: FIRST BUICK CAR ROLLS OUT AT SHANGHAI SHANGHAI - Shanghai General Motors Co., a Sino-American joint venture, has rolled out the first Buick built at its $1.52 billion production line. At a ceremony marking the occasion, Shanghai General Motors Co. president Hu Maoyuan said the production line would officially start operation in April next year with an initial annual output of 50,000 units. The output would then rise to 100,000 in three or four years. The company, the largest Sino-American venture in China, has opened branches in Beijing, Guangzhou, Shenzhen and Shantou cities apart from its base in Shanghai. NY LIFE LAUNCHES US$100 MLN INFRASTRUCTURE FUND FOR INDIA NEW DELHI - US insurance major New York Life International (NYLI) has launched a US$100 million fund to invest in Indian infrastructure projects and will also make a foray into the insurance sector through a joint venture within the next two months. NYLI president and CEO Michael Nocera said the fund would invest in telecoms, roads and industrial power projects. Mr Nocera said that talks were also on with several Indian firms to enter the insurance sector and a decision would be taken in the next two months. KUWAIT GRANTS US$20 MLN LOAN TO BUILD VIETNAM CEMENT PLANT HANOI - The Kuwait Fund for Arab Economic Development will grant Vietnam's central province of Nghe An a long-term, soft loan of US$20 million. Under an agreement signed here, the loan will be used for construction of the Hoang Mai Cement Plant. The plant, to be built in e An province, has a total investment capital of US$240 million. AUSTRALIA TO UPGRADE MELBOURNE TO ADELAIDE RAIL TRACK ADELAIDE - The Australian federal and Victorian governments will upgrade the Melbourne to Adelaide rail track under a A$23 million (US$14.4 million) project. The governments said the 44km section between Pura Pura and Maroona would be relaid in a long-awaited project which will lead to the removal of 30 km/h speed restrictions in the section. The track construction contract has been awarded to Transfield Maintenance, with work to begin before Christmas and to be completed by mid-1999. CHINA TO DRAFT STRICTER VEHICLE EMISSION STANDARDS IN 1999 BEIJING - China will draft stricter vehicle emission standards in 1999 to protecat the environment, according to the departments concerned. It is planned that all newly produced light vehicles in the year 2001 would have to meet the No. 1 E-CER8301 emission standards of Europe. Industry sources said this would put more pressure on domestic motor vehicle plants and might lead to consolidation among them. BHP TO BOOK PROFIT ON SALE OF AUSTRALIAN MANGANESE ASSETS SYDNEY - BHP Co Ltd (ASX:BHP) has sold two key manganese assets to UK-based Billiton plc and expects to book a profit of about A$360 million (US$223 million) on the deal. BHP would not indicate exactly what the profit would be, but it confirmed that it would be booked as an abnormal gain in the third quarter result this year. The diversified resources giant said today it had agreed to sell its Groote Eylandt Mining Co Pty Ltd (GEMCO) and Tasmanian Electro Metallurgical Co Pty Ltd (TEMCO) assets to London-based Billiton for a base price of A$601 million (US$372 million) plus a A$52 million (US$32 million) positive adjustment. S KOREA TO NET US$10 BLN FOREIGN FUND INFLOW IN 1999 SEOUL - South Korea will garner a net foreign fund inflow amounting to US$10 billion next year, according to the Korea Institute of Economic Policy. The institute's projection, based on readjustments necessitated by improved recent economic indicators, is $2 billion over the initial government projection of $8 billion. The foreign fund inflow figure took account of $2.8 billion repaid to the International Monetary Fund (IMF) this year, and another $9.7 billion due to be repaid to the IMF next year. ONLY TOP 5 AUTOMAKERS WILL SURVIVE IN FUTURE: TOYOTA PRES TOKYO - The Toyota Motor Corp. (TSE:7203) president, Hiroshi Okuda, said that his firm aimed to boost its share of the domestic market because only the world's biggest automakers would survive in the future. "An automaker must be one of the top five to survive, while the others may eventually become subcontractors," Okuda told a press conference. In response to the shakeup of the global auto industry, including the Daimler-Chrysler merger, he said Toyota planned to strengthen its group ties. $194 MLN WORLD BANK LOAN FOR INDIAN LAND RECLAMATION PROJECT NEW DELHI - The World Bank has approved a US$194.1 million loan for the Uttar Pradesh Sodic Lands Reclamation II project in northern India. The project will help to reclaim barren and low-yielding crop lands and boost incomes of the rural poor by increasing crop yields and intensity in the most hard-hit areas of the state. About 375,000 farm families in 10 districts of Uttar Pradesh in an area covering 150,000 hectares will benefit from the project. PAKISTAN INT'L AIRLINES POSTS $14 MLN PROFIT IN 18 MTHS DUBAI - The restructured and revamped Pakistan International Airlines (PIA) is poised to post a Rs. 700 million (US$14 million) profit during the 18 months from July 1997 to December 1998. Nadir Chaudhry, advisor to PIAC chairman Shahid Khaqan Abbasi, said here that the airline had suffered accumulated losses of Rs.4.6 billion (US$92 million) in fiscal year 1996-97. The expected profit of Rs. 700 million, he said, would be achieved despite additional depreciation because of fleet revaluation, amortization of early retirement schemes, devaluation of the Pakistani rupee, loss of traffic in the domestic sector and yield deterioration on all Far Eastern routes due to the Asian economic crisis. (Asia Business Today)