In Friday's Asia papers

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

ASAHI SHIMBUN, Japan

 

Front page

 

Facing LDP ire, Aso retracts his hip-shooting remarks

Facing a backlash from fellow members of his ruling Liberal Democratic Party, Prime Minister Taro Aso was forced to backpedal Thursday on a string of controversial comments he made the previous day.

 

Evidence points to same killer in knife attacks

Witness accounts, phone records and crime scene evidence have strengthened suspicions that the same killer carried out two brutal attacks at the homes of retired welfare ministry bureaucrats.

 

Business & Industry

 

No new updates

 

CHINA DAILY, China

 

Front page

 

Top labor official: Jobs outlook turns grim

The already bleak employment situation may take a turn for the worse early next year as the global financial crisis takes a toll on the national economy, the country's top labor official said Thursday.

Migrant workers bear brunt of crisis

 

Migrant workers bear brunt of crisis

To go home, or not to go home: that is the question for Huang Bingnan. The 31-year-old and his wife lost their jobs in a machinery factory in Dongguan last month.

 

Business & Industry

 

No new updates

 

TAIPEI TIMES, Taiwan

 

Front page

 

Recession looms as GDP contracts in third quarter

The government raised the specter of a recession yesterday after reporting that the economy contracted in the third quarter and could shrink further in the coming quarters.

 

Cabinet passes consumer voucher plan

The Cabinet yesterday approved the consumer voucher scheme proposed by the Council for Economic Planning and Development (CEPD), but made a few changes to make using the vouchers more convenient.

 

Business & Industry

 

Recession looms as GDP contracts in third quarter

The government raised the specter of a recession yesterday after reporting that the economy contracted in the third quarter and could shrink further in the coming quarters.

 

Cabinet passes consumer voucher plan

The Cabinet yesterday approved the consumer voucher scheme proposed by the Council for Economic Planning and Development (CEPD), but made a few changes to make using the vouchers more convenient.

 

KOREA HERALD, South Korea

 

Front page

 

Won, stocks sink on U.S. losses

The Korean won nosedived against the dollar and Japanese yen yesterday, as massive overnight losses on Wall Street sparked a selling spree on bourses across Asia.

 

FSC chief hints at reshaping banking sector

The nation's top financial regulator hinted yesterday that local banks faltering from a liquidity crunch could face restructuring.

 

Business & Industry

 

Low debt, high returns key to survival

Corporations with a low debt ratio and the ability to generate high returns on net worth are most likely to survive the worst financial crisis in 80 years, according to an industry expert.

 

Hana HSBC Life expects growth

Hana HSBC Life's senior executives said yesterday that the company expects to see a 40-percent growth next year by launching a new product and utilizing strong bank insurance channels.

 

NEW STRAITS TIMES, Malaysia

 

Front page

 

Razak Baginda: Nothing can change truth

Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor never met Altantuya Shaariibuu, Abdul Razak Baginda said yesterday.

 

Run-Up to Umno General Assembly: More states throw in their lot with Shahrizat

The majority of Perak Wanita Umno members will back Datuk Seri Shahrizat Abdul Jalil for the movement's top post in the party elections in March next year.

 

Business & Industry

 

Malaysia may relook short selling

Malaysia may refine rules that govern the regulated short selling of shares, making it a more useful hedging tool for investors, Securities Commission (SC) chairman Datuk Seri Zarinah Anwar said.

 

Idris to remain MAS boss for 3 more years

Datuk Seri Idris Jala (pic) will stay as the boss of Malaysia Airlines (MAS) for another three years, helping the airline to steer through an industry battered by volatile fuel prices, a slowing global economy and stiff rivalry.

 

BUSINESS TIMES, Singapore

 

Front page

 

S'pore dollar slips after data confirms recession

The Singapore dollar slipped slightly on Friday, but stayed firmer than the previous day's 15-month trough, after data showed the economy was weaker than initially estimated in the third quarter.

 

China fund in talks for stake in AIG unit

A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a 49 per cent stake in American Life Insurance Co (Alico), a unit of AIG, in a deal that could be worth up to US$10.6 billion, Japan's Nikkei business daily reported on Friday.

 

Business & Industry

 

Asian currencies crumble under fire

Asian currencies came under heavy fire against both the US dollar and Japanese yen yesterday, torpedoed by another heavy Wall Street sell-off that spilled over in bloody fashion into Asian bourses.

 

Wednesday rout brings fear of Black Monday

THE plunge in US stocks on Wednesday dealt a double blow to Wall Street investors who had been hoping not only that the market had bottomed last month, but that the massive government interventions in the US and abroad had at least stabilised financial markets.

 

BANGKOK POST, Thailand

 

Front page

 

No  new updates

 

Business & Industry

 

No  new updates

 

JAKARTA POST, Indonesia

 

Front page

 

No new updates

 

Business & Industry

 

No new updates

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