In Monday's Asia papers

22 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

 

Govt takes new steps to address milk scare

Authorities continued over the weekend to contain public dismay over widespread milk contamination, punishing local officials for negligence while strengthening inspections of dairy products across the nation.

 

Business & Industry

 

Paulson urges quick OK on $700b rescue

The Bush administration insisted Sunday that the US Congress must move quickly to approve what one lawmaker called the "mother of all bailouts" -- a $700 billion proposal to buy a mountain of bad mortgage debt in an effort to unfreeze the US credit markets.

 

TAIPEI TIMES, Taiwan

 

Front page

 

King Car recalls instant coffees, soup

After eight products were found to contain melamine, the Department of Health said it would also ban certain non-dairy foods from China

 

Costly US bailout should pay off in the end: analysts

The US economy could suffer a massive hangover from the government’s efforts to rescue the financial system in the form of a soaring debt burden. But the alternatives look infinitely worse.

 

Business & Industry

 

Amtran lays out plans for larger global presence

Taiwanese flat-panel TV maker Amtran Technology Co Ltd, which owns Vizio, the No. 3 TV brand in North America, is carefully expanding the brand into global markets to complete with major rivals such as Sony Corp. Amtran chairman and chief executive Alpha Wu chalked out his blueprint at a group media interview last week, which the Taipei Times’ Lisa Wang attended.

 

Bade fair draws large weekend crowds

The first-ever fair to promote consumer electronics in Taipei’s Bade business district saw the number of shoppers increase by more than 50 percent during the weekend, a shop owner said yesterday.

 

KOREA HERALD, South Korea

 

Front page

 

Deregulation may stumble over credit crisis in U.S.

The government's financial deregulation plans aimed at nurturing giant investment banks may stumble due to the U.S. credit crisis, which raised concerns about the risky nature of investment banking, industry watchers said yesterday.

 

Foreign terrorists active in Korea: NIS report

More than 70 foreign terror suspects have been captured in Korea in the last five years.

 

Business & Industry

 

'U.S. downturn offers chance for exports'

The sagging U.S. economy is raising concern that American demand for Korean goods may stagger, bringing on hard times for local exporters.

 

Refiners cut fuel prices on cheaper crude

Oil refineries have cut prices of gasoline products supplied to service stations nationwide in step with falling global oil prices, the Korea Petroleum Association said yesterday.

 

NEW STRAITS TIMES, Malaysia

 

Front page

 

Foreign maids given raw deal

Their jobs are supposed to include sweeping floors and cooking -- not waiting tables at restaurants, cutting hair at salons or harvesting produce at vegetable patches.

 

Tension and the race card

At a recent forum on integration held at Institut Integriti Malaysia, academician Tan Sri Dr Khoo Kay Kim spoke out against politicians who were trying to further their careers by playing the race card. ARMAN AHMAD speaks to Khoo on race relations in Malaysia since independence

 

Business & Industry

 

Institutional investors may have sold all Inti shares

INSTITUTIONAL shareholders are likely to have sold their shares in Inti Universal Holdings Bhd (Inti) to Future Perspective Sdn Bhd (FPSB), leaving smaller shareholders still holding stock of the post-secondary education provider, analysts said.

 

Slowest IPO market in 20 years?

Bursa Malaysia had targeted for some 30 initial share sales this year, but so far eighteen companies had done so, possibly the slowest since 1989

 

BUSINESS TIMES, Singapore

 

Front page

 

US Treasury, Congress ramp up bank bailout talks

The Bush administration and Congress on Sunday ramped up talks on an unprecedented US$700 billion bank bailout as they battled the clock to prevent further financial market turmoil that risks hurtling the economy into a deep and damaging recession.

 

SEC to make public some short positions

Institutional money managers will not have to disclose their short positions to the public immediately, the US Securities and Exchange Commission (SEC) said on Sunday.

 

Business & Industry

 

Spring upbeat about SMEs' business growth

PRO-ENTERPRISE agency Spring Singapore has not seen serious slowdown in business among Singapore's medium-sized enterprises.

 

SPH sets up strategic marketing department

SINGAPORE Press Holdings' marketing division has set up a new unit - Strategic Marketing Department (SMD) - to help advertisers get greater value amid a rapidly changing media landscape.

 

BANGKOK POST, Thailand

 

Front page

 

Fight for democracy

In recent times, "democracy" is a word that has been thrown around more often than a ping pong ball in Patpong - and suffers about the same level of degradation.

 

Somchai takes charge

New Prime Minister Somchai Wongsawat denied ex-premier Thaksin Shinawatra, has a hand in picking cabinet ministers "I am the prime minister and I am responsible," he insisted.

 

Business & Industry

 

No new updates

 

JAKARTA POST, Indonesia

 

Front page

 

No new updates

 

Business & Industry

 

No new updates

By: Staff Reporter
+44 20 8652 3214

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