In Monday's Asia papers

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

ASAHI SHIMBUN, Japan

 

Front page

 

No new updates

 

Business & Industry

 

No new updates

 

CHINA DAILY, China

 

Front page

 

Milk collecting centers targeted in contamination probe

The 19 people detained in the Sanlu milk food contamination case are from private milk collecting stations, the country's top quality control official said Sunday.

 

Lehman may face failure, Merrill may be bought

The ruptured US financial system was facing an unprecedented shakeup on Sunday that could lead to the failure of Lehman Brothers, the takeover of Merrill Lynch & Co Inc and big asset sales by big insurer American International Group (AIG.N).

 

Business & Industry

 

No new updates

 

TAIPEI TIMES, Taiwan

 

Front page

 

Taiwan bans products by Sanlu Group

Taiwanese authorities have located about 70 percent of the imported milk powder imported from China and ordered that it be destroyed

 

Sinlaku injures 17, becomes tropical storm

While damage was relatively minimal, the agricultural sector suffered NT$114 million in losses and the Howfeng Bridge in Taichung County collapsed

 

Business & Industry

 

Analysts expect minimal hike in rates

The president of Polaris Research Institute said the central bank should lower rates to help shore up exports, the mainstay of the nation’s economic growth

 

Corel to eliminate 50 jobs in Taiwan

The company said the cuts would facilitate expansion of its sales and marketing activities in emerging markets and improve e-commerce services

 

KOREA HERALD, South Korea

 

Front page

 

On the move for Chuseok

With the three-day Chuseok holiday beginning today, Koreans are hitting the road for the annual exodus to spend the holiday with their family members

 

Seoul delays bond sale due to market situation

Korea has decided to delay an overseas sale of $1 billion in foreign-currency government bonds, citing worsening global credit market conditions.

 

Business & Industry

 

Chaebol sell off assets on financial instability

Mergers and acquisitions, once a promising expansion strategy for many corporate executives in Korea, have for some become the bane of their financial lifeline

 

Consumers grow practical this Chuseok

Consumers have gone more practical and thrifty this Chuseok, reflecting their cautious stance towards the dubious economic outlook, industry experts said

 

NEW STRAITS TIMES, Malaysia

 

Front page

 

Lawyers apply for Raja Petra and Teresa Kok's release

Lawyers acting for Seputeh Member of Parliament Teresa Kok and Malaysia Today editor Raja Petra Kamaruddin, who were detained under the Internal Security Act (ISA) last Friday, will be filing a writ of habeas corpus seeking their release.

 

Sabah BN leaders stay firm on not defecting

They have become the target of intense speculation over past weeks and as the Sept 16 deadline set by Datuk Seri Anwar Ibrahim to topple the Federal Government looms, Sabah Barisan Nasional leaders remain firm about not crossing over to the opposition.

 

Business & Industry

 

Musharaka weighs tech-based firms

The Islamic venture capital fund expects to close four deals to invest in technology, orthopedic trauma treatment, radio frequency and software firms by July 2007

 

IPS set for expansion with entry of new shareholder

The operator of MEPS Cash and Islamic payments switch expects to grow its business further with the exit of Kencana Capital and the new shareholder bringing in more capital

 

BUSINESS TIMES, Singapore

 

Front page

 

Lehman's fate hangs in the balance

Regulators and bankers resumed a third day of talks yesterday in a desperate attempt to reach a deal to sell Lehman Brothers and prevent the struggling investment bank from flooding jittery financial markets with toxic assets at fire sale prices.

 

BOA in late talks to buy Merrill: NYT

Bank of America Corp (BOA) is in advanced talks to acquire Merrill Lynch & Co for at least US$38.25 billion in stock, the New York Times (NYT) said on Sunday, citing people briefed on the negotiations.

 

Business & Industry

 

No easy money in Asian casinos

GIVEN the favourable tax regime here, Singapore's casinos in the upcoming integrated resorts look set to have higher profit margins, at least compared to Macau.

 

Tidal power firm plans to tap marine sector

SINGAPORE-based Atlantis Resources Corporation, which makes turbines that generate power from tidal currents, said it hopes to engage key marine players in Singapore as it launches its products to global utilities and energy players.

 

BANGKOK POST, Thailand

 

Front page

 

Good for business

The business sector has hailed the Sunday decision by the caretaker government to lift the state of emergency in Bangkok.

 

Singapore keeps travel advisory on Thailand

Foreign Minister George Yeo of said on Sunday has said he expects the period of instability in Thailand to last a while longer, and the Singapore travel advisory will stay in effect.

 

Business & Industry

 

Battling for Bangkok

While acknowledging that politics had prevented him from accomplishing some projects over his first four-year term as governor, Apirak Kosayodhin says that Bangkok's administration must be empowered to push ahead with mass-transit projects.

 

Gold traders demand changes from TFEX

The Gold Trading Association wants further concessions from the Thailand Futures Exchange, arguing that gold futures contract sizes should be increased further to limit the participation of retail investors.

 

JAKARTA POST, Indonesia

 

Front page

 

No new updates

 

Business & Industry

 

No new updates

By: Staff Reporter
+44 20 8652 3214

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