In Tuesday's Asia papers

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

Front page

Postmarks from MSDF ships like sunken treasure to collectors

Items now fetching high prices are envelopes and postcards postmarked aboard ships of the Maritime Self-Defense Force dispatched to the Indian Ocean to refuel vessels of other navies as part of the U.S.-led struggle against terrorism in Afghanistan.

Minshuto in more combative Diet mode

The main opposition party is set to throw Diet business into turmoil today with a decision to boycott deliberations on a key planned bill and a threat to absent itself from future sessions.

Business & Industry

No new updates

CHINA DAILY, China

Front page

Serious accidents on the increase this year

Twenty-seven serious traffic accidents have taken place in the country so far this year, exceeding the total number for the whole year last year, the national transportation authority said Monday.

Business & Industry

Bank of America to exercise option, buy in 19.6 billion CCB shares

Bank of America will exercise its option and purchase 19.58 billion H shares of China Construction Bank (CCB) from Central Huijin, said CCB here Monday.

TAIPEI TIMES, Taiwan

Front page

Chen transferred to Banciao hospital

DPP caucus whip Ker Chien-ming said that the former president had a record of stomach ulcers, and that his incarceration was a part of a political agenda

Security, economy are priorities, Obama says

he US president-elect said that Americans shouldn't worry about the federal deficit for the next couple of years, while urging help for the auto industry

Business & Industry

‘Economist’ trims GDP growth

The Economist Intelligence Unit said the sour outlook for the US economy, one of Taiwan’s largest export markets, was a factor in the decision

EVA Airways may delay share sale in light of downturn

EVA Airways Corp, Taiwan’s second-largest carrier, may delay a share sale valued at NT$3.8 billion (US$115 million) because of the global financial turmoil.

KOREA HERALD, South Korea

Front page

Assembly team to talk with Obama aides

A group of South Korean lawmakers yesterday flew to Washington to discuss pending South Korea-U.S. issues with key politicians and foreign policy experts close to U.S. President-elect Barack Obama.

Facility investment growth near zero

Facility and construction investment lost steam during the first nine months of the year, as slowing growth and growing economic uncertainties led companies to refrain from spending, central bank data released yesterday showed.

Business & Industry

Consumers close wallets on economic slump

Discount-store sales declined for a second straight month in October and department store sales were level with those of a year earlier, according to a report by the Ministry of Knowledge Economy.

Korea, China may boost currency swap to $20b: Chinese official

China may increase its currency-swap agreement with Korea fivefold to $20 billion, said Cheng Siwei, former vice chairman of the nation's legislature.

NEW STRAITS TIMES, Malaysia

Front page

GLAD TIDINGS FOR CONSUMERS: Double joy with reduced fuel and rice prices

Yesterday, the government reduced pump prices for petrol and diesel by 15 sen, the fifth reduction since August

Selangor exco member Ronnie Liu charged

State executive councillor Ronnie Liu was charged in the magistrate's court yesterday with abetting in obstructing a public servant from doing his duty last year.

Business & Industry

CIMB Aviva offers VSS

Insurance group CIMB Aviva Malaysia has offered a voluntary lay-off scheme to its permanent employees, one of the earliest to do so since the economic slowdown.

MK Land to unveil turnaround plan on Nov 28

Property developer MK Land Holdings Bhd will announce plans to return to profitability on November 28 as it seeks to pull itself out of two straight years of losses.

BUSINESS TIMES, Singapore

Front page

Nikkei slides 1.3% on US stock fall, econ worries

Japan's Nikkei share average slid 1.3 per cent on Tuesday, dented by overnight losses on Wall Street, while concerns over the weakening economy hurt exporters such as Toyota Motor Corp.

China's Hu launches free trade talks in Costa Rica

Chinese President Hu Jintao began a Latin America tour with the launch of free trade talks with Costa Rica on Monday, just over a year after the country gave up six decades of ties with Taiwan.

Business & Industry

Directors' body unveils plan of action

THE Singapore Institute of Directors (SID) will soon expand its secretariat and engage a CEO, enhance its training and services for directors, and air its opinions on corporate governance issues more publicly.

Cut in salary budgets seen at companies

THE majority of local companies seem set on cutting salary planning budgets and variable compensation payouts, as concerns about the uncertain economy put pressure on cost reductions.

BANGKOK POST, Thailand

Front page

No new updates

Business & Industry

No new updates

JAKARTA POST, Indonesia

Front page

Police to probe more brokers in bank rumor case

The National Police on Monday said it would expand its investigation into other brokers for allegedly spreading rumors about a deposit run on certain local banks that resulted in brief panic and put the country’s banking sector health into question.

Business & Industry

Bumi deal remains fragile, Bakrie warns

Publicly listed investment firm PT Bakrie & Brothers, the flagship of the influential Bakrie family, said Monday its recent deal to sell a stake in its coal company was still mired in uncertainty and could still fail.

By: Staff Reporter
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