In Wednesday's Asia papers

12 November 2008 01:00  [Source: ICIS news]

ASAHI SHIMBUN, Japan

 

Front page

 

Ex-ASDF chief of staff sticks to his guns at Diet

Retired Gen. Toshio Tamogami, dismissed Oct. 31 as head of the Air Self-Defense Force, refused to retract his controversial comments about World War II during testimony Tuesday at the Diet.

 

Business & Industry

 

No new updates

 

CHINA DAILY, China

 

Front page

 

Exports still rising, but pace slows

Exports continue to rise although growth has slowed because of the global economic downturn, according to Customs figures released on Tuesday.

 

China firm on border issue with India

India should be "fully aware" that China's stand on the two countries' outstanding border issue is always consistent and clear-cut, Foreign Ministry spokesman Qin Gang said on Tuesday.

 

Business & Industry

 

No new updates

 

TAIPEI TIMES, Taiwan

 

Front page

 

Chen Shui-bian chained

A handcuffed former president Chen Shui-bian was taken to the Taipei District Court in police custody yesterday as prosecutors sought his detention in connection with alleged embezzlement from the presidential “state affairs” fund and claims of money laundering by the former first family.

 

Sit-in students insist on apologies

Students staging silent sit-ins nationwide in protest at how the government dealt with demonstrations against visiting Chinese envoys last week said yesterday that they would not compromise their demand of apologies from the president and the premier.

 

Business & Industry

 

Chipmakers will post losses, ITRI says

Taiwanese semiconductor companies are expected to post the first annual revenue declines this year since 2001, primarily because computer memory chipmakers are seeing a slowdown in demand amid the global economic crisis, a local research house said yesterday.

 

Standard Chartered Bank launches first business credit card

Standard Chartered Bank Taiwan launched its first credit card yesterday aimed at small and medium enterprises (SMEs).

 

KOREA HERALD, South Korea

 

Front page

 

Court to rule on disputed property tax

The Constitutional Court will rule on the politically controversial real-estate tax regime tomorrow.

Expat students call for more support

Hema Haninway started learning Korean in 2003 while doing her master's program in political science in Delhi.

 

Business & Industry

 

Banks' income plunges amid worsening capital adequacy

Korean banks' combined net income dropped more than 35 percent in the first nine months of this year on losses from loans and the plummeting stock market, government data showed yesterday. These and other data show that local banks are feeling the pinch of the ongoing global financial turbulence, industry and government officials said.

 

GM Daewoo may shut plants temporarily

GM Daewoo Auto and Technology Co. may temporarily stop production at its local plants around the end of the year, industry sources said yesterday.

 

NEW STRAITS TIMES, Malaysia

 

Front page

 

Wanita Umno leadership transition:

Wing's number 2 turns spoiler

The transition plan in Wanita Umno has been thrown into doubt barely 24 hours after its executive council reaffirmed there would be no contests for the top two posts.

 

New faces at the helm in MCA

In an unorthodox move yesterday, MCA president Datuk Seri Ong Tee Keat has appointed three unknown and untested politicians as secretary-general, treasurer-general and national organising secretary.

 

Business & Industry

 

TM posts Q3 net loss

TELEKOM Malaysia Bhd reported its first quarterly net loss in almost three years yesterday, but the country's dominant fixed-line operator expects to rebound quickly.

 

Industrial output shrinks first time in 18 months

MALAYSIA'S industrial production in September shrank for the first time in 18 months on lower output from the manufacturing, mining and electricity sectors.

 

BUSINESS TIMES, Singapore

 

Front page

 

Palm oil firm Wilmar Q3 net profit climbs 147%

Wilmar International Ltd, the world's largest listed palm oil firm, said on Wednesday its quarterly net profit jumped 147 per cent on strong growth in sales volume and improved margins.

 

Nikkei slips as yen climbs, economy worries grow

Japan's Nikkei average shed 1.3 per cent on Wednesday as exporters such as Sony Corp were hurt by a stronger yen, with growing worries about the health of the global economy fed by another string of dismal US company news.

 

Business & Industry

 

Sands skimps on Macau, bets on S'pore

With its resources curtailed by the downturn, Las Vegas Sands (LVS) has been forced to weigh and choose - and it has decided to bet big on the construction at the Marina Bay Sands (MBS) and put its Macau expansion on the backburner for now.

 

Crime, waste cost retailers US$173m

THEFT and wastage cost Singapore's retailers some US$173 million in the year ended June 2008, according to a survey by the Centre for Retail Research in the UK and sponsored by Checkpoint Systems Inc, a NYSE-listed supplier of retail shrink management solutions.

 

BANGKOK POST, Thailand

 

Front page

 

SET dips as recession fears blunt stimulus optimism

Thai stocks fell 3.1% yesterday in thin trade as global recession fears pushed most markets in the region lower. The Stock Exchange of Thailand closed at 442.31, down 14.13 points, in trade worth 8.9 billion baht, with most of the losses coming in the afternoon session. Losers outpaced winners 264 to 62, with 83 stocks closing unchanged. Energy stocks closed down 4.29%, while banks fell 1.85% and property dropped 2.74%.

 

Business & Industry

 

Ratchaburi expanding abroad

The global financial crisis has prompted Ratchaburi Electricity Generating Holding Plc (RATCH) to be more aggressive in acquiring stakes in overseas coal mines and electricity projects.

 

JAKARTA POST, Indonesia

 

Front page

 

No new updates

 

Business & Industry

 

No new updates

 

By: Staff Reporter
+44 20 8652 3214

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