In Wednesday's Asia papers

10 September 2008 02:00  [Source: ICIS news]


Front page


Standards set for 'name-only' store managers

The labor ministry on Tuesday signaled its intention to scrutinize companies that appoint workers as store managers to avoid paying overtime, while giving them little or no managerial authority.


Business & Industry


Sony unveils 'home-use' Walkman

A new line of Sony Corp.'s Walkman digital music player will come with a detachable speaker unit.




Front page


Authorities take new move to protect farmland

Developers who obtain arable land will have to reclaim an area of equal size to get approval for building on their acquisitions, land authorities said Tuesday.


Draft rule set to limit excessive packaging

Products with more than three layers of packaging or those that occupy less than 45 percent of package space will be banned if a draft regulation is passed as law.


Business & Industry


No new updates




Front page


State Department tightens curbs on official contacts

Contacts between US diplomatic personnel and Taiwanese officials and representatives abroad would be strictly limited under new guidelines the State Department has issued that appear to tighten the curbs on bilateral interaction that the department set down in government-wide prohibitions last issued in 2001, a copy of the new guidelines obtained by the Taipei Times on Monday showed.


Georgia welcomes news of EU-Russia agreement

Georgian President Mikheil Saakashvili gave a qualified welcome yesterday to the news that Russia had agreed to pull its troops from all of Georgia except two separatist regions.


Business & Industry


Moody’s remains positive on Taiwan

International ratings agency Moody’s Investors Service yesterday maintained its “Aa3” government bond ratings for Taiwan, with a stable country outlook.


No decision on stock tax before meeting: Cabinet

Vice Premier Paul Chiu said yesterday that the Cabinet would not announce a decision on whether it would cut the stock transaction tax until after a Cabinet meeting tomorrow.




Front page


Buddhists say Lee's apology isn't enough

Buddhists rebuffed President Lee Myung-bak's expression of regret yesterday over alleged religious bias among government officials


Financial markets extremely volatile

Korea's financial markets, which had showed some signs of stabilizing, plunged yesterday as many believed that the country's economic fundamentals may not be strong enough to buck the bearish market sentiment completely.


Business & Industry


Downturn erodes conglomerates' cash flow

Conglomerates are just as susceptible as smaller-sized enterprises to feeling the pinch of the latest global economic downturn, the Bank of Korea said yesterday


Markets lack momentum to buck bearish run

The U.S. government's decision to bail out the two mortgage giants significantly eased concerns over a global credit crunch, providing relief in local financial markets.




Front page


ANWAR'S CASE MENTION: Tight security around Sessions Court since 6:30am

The authorities have blanketed the Jalan Duta Sessions Court in tight security as early as 6:30am today as Datuk Seri Anwar Ibrahim's sodomy case goes up for mention at 9am.


Take stern action, parties tell Umno

All Barisan Nasional component parties are demanding immediate and stern action against Datuk Ahmad Ismail.


Business & Industry


Singapore group may sell tower to ING

DUTCH insurer ING has emerged as the front-runner to buy the Menara Standard Chartered on Jalan Sultan Ismail for almost RM300 million, sources said.


Bursa in alliance talks with several exchanges

Bursa Malaysia Bhd, operator of the nation's stock exchange, said it's talking to several rivals for an alliance as slowing economic growth erodes trading income.




Front page


Brent oil falls below US$100 a barrel

Brent crude oil prices fell below US$100 a barrel for the first time in five months on Tuesday on expectations that Opec would leave formal output targets unchanged and as Hurricane Ike's threat to US Gulf of Mexico energy infrastructure receded.


Lehman shares sink 45% on capital worries

Lehman Brothers Holdings shares sank 45 per cent on Tuesday on growing concern the fourth-largest Wall Street investment bank won't raise sufficient capital to survive the global credit crisis.


Business & Industry


Manager pay here Asia's 4th highest

SINGAPORE has slipped to fourth place as China moves up to third on the Asian list of the pay rankings for managers by the Hay Group.


Choice Tanah Merah condo site receives seven bids

DESPITE the quieter property market and a weak response at some state land sales, a 99-year leasehold condo site next to Tanah Merah MRT station yesterday drew seven bids.




Front page


Samak out, not down

Sacked Prime Minister Samak Sundaravej has accepted the People Power party's decision to nominate him again on Friday to lead the government, according to high ranking sources in the coalition parties.


PAD to continue protest despite court ruling

People’s Alliance for Democracy (PAD) released a statement on Tuesday night, saying that it would continue its anti-government protest as it has proven that the group played an important role in opposing the government that has violated the charter.


Business & Industry


Market may react poorly if PM returns

Thai shares fell 0.31% yesterday as investors pondered whether yesterday's Constitutional Court decision against Prime Minister Samak Sundaravej may break the ongoing political deadlock.


Thai AirAsia reaps benefits of rivals' woes

The low-cost carrier Thai AirAsia (TAA) has received a windfall in passenger numbers and cargo loads from the suspension of rival One-Two-Go Airlines and dramatic cutbacks by Nok Airlines.




Front page


OPEC president says crude output to stay same

OPEC oil ministers will likely decide to keep output at present levels, the group's president said Tuesday, suggesting that most members could accept prices at US$100 a barrel.


Two politicians fight in a hotel

Two politicians, lawmaker Djoko Edy Sucipto Abdurahman and Baharuddin Dahlan of the National Mandate Party (PAN), fought at Nikko Hotel, Central Jakarta, on Tuesday night over a reason yet to be clarified.


Business & Industry


No new updates

By: Staff Reporter
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