Week ahead in Asia & Pacific from May 17
Following are some of the main Asia and Pacific news events expected this week (all times GMT).
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SATURDAY, MAY 17
NANCHANG, China - China-sponsored conference in Nanchang, Jiangxi province involving government officials and Taiwan businessmen. China is expected to announce new policies at the conference to help Taiwan companies stay competitive in China, amid rising labour costs and an appreciating Chinese yuan.
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SUNDAY, MAY 18
WASHINGTON - The U.S. envoy handling talks on ending North Korea's nuclear capability hosts a two-day meeting with his counterparts from South Korea and Japan as Washington accelerates efforts to secure a declaration from Pyongyang of its nuclear programmes.
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MONDAY, MAY 19
MANILA - Rodolfo Garcia, Manila's chief negotiator with the Moro Islamic Liberation Front, holds a news conference, a week after fighting erupted between Philippine security forces and Muslim rebels who accused each other of breaking a five-year-old ceasefire.
TOKYO - Bank of Japan starts two-day meeting to review interest rates. The central bank of the world's second-biggest economy is expected to leave its 0.5 percent interest rate unchanged, its hands tied by the dilemma of a pick up in inflation owing to soaring oil prices and the prospect of a slow down in economic growth owing to weakening demand from the United States.
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TUESDAY, MAY 20
SYDNEY - Macquarie Group Ltd (MQG.AX: Quote, Profile, Research), Australia's top listed investment bank, expected to post full-year profit growth of at least 23 percent to A$1.8 billion.
NEW DELHI - Indian drugs firm Dr Reddy's Laboratories (REDY.BO: Quote, Profile, Research) expected to report a 64 percent fall in quarterly net profit from last year when earnings were inflated by one-off gains from an exclusivity period for a generic version of GlaxoSmithKline PLC's (GSK.L: Quote, Profile, Research) anti-nausea drug, Zofran.
TAIPEI - Ma Ying-jeou to be inaugurated as president of Taiwan, opening what could be a spell of better relations with Beijing after two terms of sword-crossing with the independence-leaning Chen Shui-bian.
TOKYO - Taro Aso, seen as strong candidate to succeed Japan's deeply unpopular Prime Minister Yasuo Fukuda, speaks at Kyodo News Agency. Analysts expect Fukuda to remain in power at least until after July's G8 summit in Hokkaido.
TOKYO - Bank of Japan announces rates decision.
SINGAPORE - World Bank Managing Director Juan Jose Daboub speaks at the Lee Kuan Yew School of Public Policy about "The Food Crisis: Challenges for a New Asia".
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WEDNESDAY, MAY 21
ISLAMABAD - Indian and Pakistani foreign ministers meet for first time since the formation of a new Pakistani government.
WEST BENGAL, India - Results from local village elections in the state, which could show how support for the ruling communists has eroded after a series of land disputes over their industrialisation policy.
TOKYO - Honda Motor Co Ltd (7267.T: Quote, Profile, Research), Japan's No.2 automaker, holds mid-year news conference to brief on current business and present future strategy, against a backdrop of a shrinking U.S. market.
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THURSDAY, MAY 22
HONG KONG - Lenovo Group Ltd (0992.HK: Quote, Profile, Research), the world's No.4 PC maker, reports full-year earnings. Since beating market expectations a year ago, Lenovo has ditched its underperforming cellphone arm, but must still tackle a global slowdown in IT spending and an expensive foray into consumer segments, plus aggressive competition from Taiwan's Acer Inc (2353.TW: Quote, Profile, Research).
DHAKA - Aga Khan, chief of Aga Khan Foundation speaks at a news conference.
TOKYO - Nikkei annual two-day international conference on "the Future of Asia": panellists include Prime Minister Yasuo Fukuda, Japanese Environment Minister Ichiro Kamoshita, Singapore's first prime minister and current Minister Mentor Lee Kuan Yew, former Malaysian Prime Minister Mahathir Mohamad.
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FRIDAY, MAY 23
BEIJING - Russian President Dmitry Medvedev starts two-day visit to China, part of his first foreign trip since his inauguration, underlining the upswing in relations between the two countries. Russia is eager to boost exports of oil, gas and nuclear products to China, the world's second biggest consumer of oil and power, though China's growing world clout is watched with some anxiety by Moscow's elite.
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SATURDAY, MAY 24
KOBE, Japan - G8 environment ministers start a three-day meeting which will focus on biodiversity, the "3 Rs" -- reduce, reuse, recycle -- and climate change.
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