In Monday's Asia papers

Taiwan may see Q3 contraction: report

Taiwan’s economy may contract in the third quarter, the first such contraction since 2003, as the fallout of the US financial crisis trims global demand for Taiwanese goods and domestic demand weakens, a Standard Chartered Bank report said last week.

Hong Kong is ready to deploy foreign reserves

Hong Kong may use all of its foreign reserves to stabilize its financial markets, said a government official, after the global credit crisis undermined investor confidence and caused stocks to plunge.

KOREA HERALD, South Korea

Front page

U.S. lifts N.K. from terrorism blacklist

The United States removed North Korea from its terrorism blacklist Saturday in a major breakthrough on denuclearization.

Seoul hopes for thaw in inter-Korea ties

The U.S. decision to remove North Korea from the list of terrorism sponsors will pave the way for normalizing inter-Korean relations, though a visible improvement will take time, analysts said

Business & Industry

Global crisis calls corporate investment pledges into question

Despite the global slowdown and credit crunch, the nation's big businesses say they will go ahead with their planned investments this year.

Financial crisis fears hit real-estate market hard

Fears about the international financial crisis have sent home prices plummeting and caused construction companies serious liquidity problems.

NEW STRAITS TIMES, Malaysia

Front page

Rescue plan to avoid 'meltdown'

Under intense pressure to throw banks battered by the worst financial crisis since the 1930s a lifeline before world markets reopen, European leaders raced against the clock to clinch a rescue strategy.

Be frugal but don't stop spending

RAM Consulting Services group chief economist Dr Yeah Kim Leng said people could car pool, postpone buying that extra car and travel domestically.

Business & Industry

Tenaga to proceed with east coast plants

TENAGA Nasional Bhd (TNB) will go ahead with its plan to build two new hydro-electric plants in Pahang and Terengganu despite poor response to a tender.

MAHB to woo European, African airlines

MALAYSIA Airports Holdings Bhd (MAHB) expects to attract between four or five long-haul flight operators from Europe and Africa at the ongoing 14th World Route Development Forum or Routes KL 2008.

BUSINESS TIMES, Singapore

Front page

RBA injects US$1.9b into system

The Reserve Bank of Australia (RBA) injected a huge amount of cash into the banking system on Monday, strengthening its effort to ease funding pressures stemming from the global credit crisis.

G-7's action plan faces market verdict

STOCK markets around the world will today deliver their verdict on the 'action plan' announced in Washington by G-7 finance ministers to stabilise global financial markets.

Business & Industry

Spring, aerospace industry body beef up quality assurance

LOCAL companies are being encouraged to adopt Nadcap, a stringent quality assurance scheme for special processes, systems and products in the aerospace industry.

Fewer IPOs from emerging market firms

THE pipeline of emerging market companies listing in Singapore and elsewhere is drying up as capital markets freeze, offshore lawyers here say.

BANGKOK POST, Thailand

Front page

PM faces ouster

Army Commander-in-Chief Gen Anupong Paojinda became the latest public figure to join a chorus of calls for the government to show responsibility for the Oct 7 crackdown on the People's Alliance for Democracy (PAD) protesters which left two people dead and more than 400 injured.

Thaksin to give up diplomatic passport

Former prime minister Thaksin Shinawatra has decided to return his diplomatic passport to the Foreign Ministry to ease the pressure on his brother-in-law, Prime Minister Somchai Wongsawat, a source close to him said.

Business & Industry

No new updates

JAKARTA POST, Indonesia

Front page

No new updates

Business & Industry

No new updates

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