In Monday's Asia papers

27 October 2008 01:00  [Source: ICIS news]



Front page


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Business & Industry


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Front page


Melamine test for meat in HK after egg scare

The discovery of excessive levels of melamine in eggs supplied by mainland companies has prompted Hong Kong authorities to expand health tests to meat products, a senior official said Sunday.


Crisis? Not yet, say expats in China

As the global financial crisis threatens to poison lives around the globe, many expatriates in China are finding they are largely immune to its toxicity.


Business & Industry


Nation 'can cope with downturn'

The fundamentals of the Chinese economy remain sound and the country can cope with the challenges posed by the worsening global financial crisis, central bank governor Zhou Xiaochuan told legislators Sunday.




Front page


DPP plans protest during visit by ARATS chairman

The Democratic Progressive Party (DPP) said yesterday it had proposed holding rallies on Nov. 3 and Nov. 4 in Taipei City to protest against the upcoming visit of Chen Yunlin, chairman of China’s Association for Relations Across the Taiwan Strait.


Japan to increase bailout ceiling to US$110 billion

Japan plans to sharply increase the ceiling on public funds that can be injected into ailing banks to 10 trillion (US$110 billion) from 2 trillion, economic and economic minister Kaoru Yosano said yesterday.


Business & Industry


Daily trading loss limit reverts to 7%

The Financial Supervisory Commission (FSC) yesterday announced that the daily trading limit on the local stock market would revert to its normal 7 percent today to boost the market’s liquidity after several days of a 3.5 percent limit.


Pundits urge companies to tighten belts, hold cash

With the credit crisis spreading from the US and Europe to emerging economies, pundits have warned the nation to brace for a tough, long winter that will witness more capital outflow and declines in exports.




Front page


Seoul plans more stimulus measures

The government will increase state spending and revise next year's budget bill to prevent a further decline in the already flagging economy, the Finance Ministry said yesterday.      


GNP, DP differ over economy's cures

The National Assembly appears headed toward more tug of war over an array of issues involving the passage of economic reform bills, the Korea-U.S. trade pact and the planned inquiry into the rice subsidy scandal.


Business & Industry


Korea's financial system under siege

As a global credit crisis deepens, Korea's financial system is again taking a harsh battering, 11 years after it emerged from the Asian financial crisis.


Daewoo a boon or bane for Hanwha?

As the destiny of Daewoo Shipbuilding and Marine Engineering Co. was decided, the interest now is whether Hanwha, the preferred bidder for the acquisition, will be able to raise enough funds to complete the acquisition.




Front page


Mexican drug kingpin captured

Mexican police said yesterday they had arrested one of the leaders of the notorious Arellano Felix drug trafficking cartel after a shootout in the violent city of Tijuana near the US border.


Sister of 'Dreamgirls' star pleads for safe return of son

Julia Hudson, the older sister of “Dreamgirls” star Jennifer Hudson, has pleaded for the return of her missing seven-year-old son after two members of her family were gunned down at their Chicago home.


Business & Industry


'Fuel price cut won't exceed 15 sen'

The government does not want a big drop in the price to the extent of adversely affecting the business of petrol station operators, says the domestic trade minister


Ringgit to extend easier trend

THE ringgit is expected to continue with its easing trend next week with market players remaining cautious on the impact of the US financial crisis which has spread to the entire global market.




Front page


World Bank economist sees China grow 8-9% in '09

China's economy is likely to expand between 8 and 9 per cent in 2009, the World Bank's top economist said, calling the fourth-largest economy's continued fast growth its biggest contribution to fighting global financial havoc.


S Korea central bank holds emergency meeting

South Korea's monetary policy board holds an unscheduled meeting on Monday morning at which analysts expect it to cut interest rates and announce plans to buy bonds from local banks to pump liquidity into the squeezed economy.


Business & Industry


Singapore has a lot to offer China: PM Lee

SINGAPORE may be small, but so long as it continues to have a model that is successful, the country would continue to remain relevant to other countries, including powerhouses like China.


Singapore's trade deficit with US persists

SINGAPORE has continued to suffer a twin trade deficit with the United States - in both goods and services.




Front page


A sober protest

Representatives of more than 260 anti-alcohol groups will rally outside the Stock Exchange of Thailand (SET) today to protest against the listing of Thai Beverage Plc on the stock market.


The futures is coming

The government is preparing to offer new trading options for all crops covered by its buying schemes after recently announcing a plan to introduce rice futures contracts for paddy from the main 2008-09 crop.


Business & Industry


AIS cuts its 3G budget for this year by 40%

Advanced Info Service (AIS) has decided to spend only 40% of its total US$150-million investment budget for third-generation (3G) services this year, with allocation of the remaining funds to be decided next year.


Banks say liquidity loose in money market, tight in credit

Over the past few weeks, Finance Ministry officials have been warning that the credit crunch that has hit markets across the globe could hit Thailand.




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Business & Industry


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By: Staff Reporter
+44 20 8652 3214

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