In Monday's Asia papers

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

ASAHI SHIMBUN, Japan

 

Front page

 

No new updates

 

Business & Industry

 

No new updates

 

CHINA DAILY, China

 

Front page

 

Hu urges revamp of finance system

President Hu Jintao has called for a reform of the international financial system, as well as global efforts to help developing countries cope with the ongoing financial crisis.

 

Chinese premier calls for support of SMEs

Chinese Premier Wen Jiabao on Saturday outlined a series of proposals for local governments to support small and medium-sized enterprises (SMEs).

 

Business & Industry

 

No new updates

 

TAIPEI TIMES, Taiwan

 

Front page

 

Chen Shui-bian rushed to hospital for checkup

Former president Chen Shui-bian was taken to hospital yesterday for a check-up and possible force-feeding as he refused to eat for the fifth day since he was detained on Wednesday.

 

G20 leaders agree on plan to rescue global economy

 World leaders, meeting for a crisis summit in Washington, have agreed on an action plan to restore global growth and prevent future financial upheaval while promising new spending plans, a trade deal and a set of reforms.

 

Business & Industry

 

Economic crisis chilling Asia’s fine wine thirst

‘Decanter’ magazine has reported a dramatic fall-off at US auctions, with 67 percent of lots selling at a recent auction in New York

 

Task force formed to help chipmakers

Taipei-based researcher DRAMeXchange Technology Inc expected at least two companies to be forced out of business if chip prices continued to drop

 

KOREA HERALD, South Korea

 

Front page

 

Lee warns against trade protectionism

President Lee Myung-bak called on world leaders to conclude a long-delayed accord to reduce subsidies and tariffs, warning that trade protectionism will hurt emerging markets.

 

Nonviable builders, savings banks to face restructuring storm

The government and primary creditors will begin weeding out nonviable builders and savings banks this week to keep them from further damaging the already slowing economy, government officials said yesterday.

 

Business & Industry

 

Restructuring efforts quash jobs, take toll on Korea's real economy

The global financial debacle that is spreading to the manufacturing sector is forcing more Korean companies to undergo a scale of restructuring not seen since the 1997-98 financial crisis.

 

Tax cut for long-term single-home owners

Owners of an expensive single-home who have had it for more than three years may benefit from a reduction in the comprehensive real estate tax from this year, government officials said yesterday.

 

NEW STRAITS TIMES, Malaysia

 

Front page

 

STRESSED OUT: Wrong priorities harming children

Four children go missing every day. One in three children has mental health problems.

 

Robbers attacked cops with parang, crowbar

Police shot dead four armed robbers high on the wanted list after a 15-minute car chase at Bukit Nenas near here yesterday morning.

 

Business & Industry

 

Builders: Don’t make us wait

Late payments in construction jobs may be a thing of the past as contractors are pushing for Parliament to pass a law to ensure faster payments and quick resolution of disputes.

 

Bank Negara chief in UN task force

Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz will be part of a high-level task force that the United Nations (UN) is setting up to examine reforms of the global financial system.

 

BUSINESS TIMES, Singapore

 

Front page

 

Goldman CEO, 6 others forgo 2008 bonuses

Goldman Sachs Group Inc said on Sunday its Chief Executive Lloyd Blankfein and six other top officials will not get bonuses for 2008.

 

Australia open to 2nd stimulus, no deficit

Australia is open to a second round of spending to stimulate the economy and ward off recession as the global financial crisis continues, but its budget should remain in surplus, said Finance Minister Lindsay Tanner.

 

Business & Industry

 

January Budget to arrest economic slide

Growth next year could slide into negative territory, so the government is keen to put its cushions and boosters in place as quickly as possible. This includes advancing the 2009 Budget by one month to January.

 

Credit Suisse's mega IT hub rises in S'pore

Undeterred by the global financial crisis, Credit Suisse is driving ahead with plans to open its biggest Asia Pacific data centre in Singapore next May.

 

BANGKOK POST, Thailand

 

Front page

 

Divorce 'unlikely' to free Thaksin assets

Former prime minister Thaksin Shinawatra's divorce from his wife, Khunying Potjaman, would not free the frozen 76 billion baht assets of the Shinawatra family in Thailand, lawyers said yesterday.

 

Business & Industry

 

No new updates

 

JAKARTA POST, Indonesia

 

Front page

 

Police detain suspect in bank rumor case

The National Police announced Sunday the detention of a stock market broker for allegedly spreading rumors by email about a deposit run on certain banks, which led to brief panic and put the country’s banking health into question.

 

Business & Industry

 

No new updates

 

By: Staff Reporter
+44 20 8652 3214

< previous article(VIDEO - ICIS news Asia Lunchtime Bulletin 16 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly