In Friday's Asia papers

03 October 2008 02:00  [Source: ICIS news]

ASAHI SHIMBUN, Japan

 

Front page

 

SDF colonel fired for leaking secrets

An Air Self-Defense Force colonel was dismissed Thursday for leaking classified intelligence data about a Chinese submarine to a newspaper in 2005.

 

Avalanche kills 3 Japanese in Himalayas

Three Japanese climbers were killed by an avalanche Wednesday, as they attempted to scale 7,538-meter Mount Kula Kangri in Tibet, according to reports from the Chinese autonomous region.

 

Business & Industry

 

No new updates

 

CHINA DAILY, China

 

Front page

 

No new updates

 

Business & Industry

 

No new updates

 

TAIPEI TIMES, Taiwan

 

Front page

 

Report warns State on PRC aims

Gaining control of Taiwan is central to China’s overall national strategic strategy, and the US must ensure that Beijing fails in this aim and honor its legal commitment to supply Taiwan with needed defensive weapons, a draft of a new State Department report said.

 

China recalling all milk powder sold abroad

China has recalled milk powder sold abroad, a diplomatic source said yesterday, as it continues its efforts to contain the scandal over tainted milk that has sickened thousands of children.

 

Business & Industry

 

Wealth fund debate continues

The debate over whether to set up a sovereign wealth fund continued yesterday as academics and government officials disagreed on whether it was necessary, but all agreed on the need to create an institution to oversee and act to stabilize financial markets.

 

THSRC aims for passenger increase

Taiwan High Speed Rail Corp said yesterday that it hoped to increase daily passenger volume by between 11 percent and 18 percent to 100,000 passengers following the company’s latest promotion.

 

KOREA HERALD, South Korea

 

Front page

 

Iconic actress found dead

Choi Jin-sil, Korea's long-beloved iconic actress, was found dead yesterday at her residence in Seoul, in an apparent suicide amid rumors accusing her of involvement in the alleged suicide last month of another actor

 

N.K. threatens to derail inter-Korean projects

North Korea yesterday warned of the "grave consequences" that inter-Korean projects including the tours to Gaeseong City would suffer if South Korea continues to spread anti-North propaganda pamphlets in the communist land

 

Business & Industry

 

Falling reserves raise concerns

Korea's foreign currency reserves fell for the sixth straight month in September, as the authorities poured billions of dollars into the market to prop up the ailing won

 

Salaries of brokerage executives questioned

The salaries of local financial executives have been brought into question amid rising public criticism in the United States over the astronomical wages that such executives are paid.

 

NEW STRAITS TIMES, Malaysia

 

Front page

 

Bizarre beating in 'cleansing ritual'

A 15-year-old girl who also took part in the ritual is fighting for her life in hospital.

 

Two cars hit as cop fires randomly

Two civilians had a narrow escape when a policeman fired 61 shots randomly while standing near a burial ground at Kampung Selindung, Padang Tengku, near here, early on Wednesday.

 

Business & Industry 

 

EON Bank gets aggressive

The economic slowdown will not stop the lender from expanding its number of branches to 140 by year-end as well as launching more products

 

Takaful Ikhlas may sell offshore products abroad

Takaful Ikhlas is discussing with a few parties from the Gulf Cooperative Council, the Middle East and North Africa to sell offshore takaful products there

 

BUSINESS TIMES, Singapore

 

Front page

 

Bailout plan sails through Senate - but here comes the hard part

WALL STREET is bracing itself for another ride on the see-saw of hope and fear even though the US Senate has on Wednesday overwhelmingly approved a US$700 billion bailout for the financial system.

 

Fed's Bullard says cutting rates wrong response

BLOOMINGTON (Indiana) - Federal Reserve Bank of St Louis President James Bullard said on Thursday he does not believe that cutting interest rates is the correct policy to tackle the US credit crisis.

 

Business & Industry

 

Private home prices ease after 4 years

Third-quarter private property prices fell for the first time after 17 straight quarters of growth.

 

URA revenue from land sales surges 80% to $8.3b

LAND sales revenue collected by the Urban Redevelopment Authority (URA) for the Singapore government reached $8.3 billion for FY07/08, up 80 per cent on the $4.6 billion collected during the property market peak of FY96/97.

 

BANGKOK POST, Thailand

 

Front page

 

Fists of fury

"Don't use this one incident as a standard to judge me," pleaded Bangkok governor candidate Chuwit Kamolvisit on Thursday, insisting he is fit for the top job at City Hall despite brutally assaulting Channel 3 news anchorman Visarn Dilokwanich

 

Milking a crisis

The Food and Drug Administration on Thursday blocked Dutch Mill Co's attempt to return milk powder to its suppliers in China until it gets the results of lab tests for melamine contamination.

 

Business & Industry

 

No new updates

 

JAKARTA POST, Indonesia

 

Front page

 

Death toll from capsized boat now 14, survivors arrive in Tanjung Balai

The death toll from the wooden barter trade boat carrying Indonesian migrant workers that capsized near Pulau Pintu Gedong off Westport, Malaysia, on Tuesday has risen to 14 after two more bodies were found at about 7.15 pm Thursday, according to a news report.

 

France to host Saturday EU summit on crisis

France on Thursday formally called an exceptional weekend summit to hash out a common European Union response to the spreading U.S. financial crisis, amid divisions among European officials about how closely to coordinate their action.

 

Business & Industry

 

No new updates

By: Staff Reporter
+44 20 8652 3214

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