In Tuesday's Asia papers

25 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

 

Doctors, teachers under new graft interpretation

Doctors and teachers may now face bribery charges if they receive monetary and other forms of reward in exchange for favors made through their work, the Supreme People's Court (SPC) and the Supreme People's Procuratorate (SPP) said in a new judicial interpretation issued Monday.

 

Pulling no punches against domestic abuse

Li Li is a waitress in a Beijing restaurant. She ran away from home a decade ago to escape the beatings from her mother. Now in her late 20's, she is considering running away again - this time to escape her violent husband.

 

Business & Industry

 

No new updates

 

TAIPEI TIMES, Taiwan

 

Front page

 

Jeffrey Koo Jr questioned on return

Former Chinatrust Financial Holding Co vice chairman Jeffrey Koo Jr returned to Taiwan yesterday after being on the run for almost two years. He was immediately handcuffed and escorted to the Supreme Prosecutor Office’s Special Investigation Panel (SIP) for questioning.

 

Export orders drop most since end 2001

The nation’s export orders last month suffered their sharpest drop since December 2001, accounting for a 5.56 percent year-on-year decline, figures released by the Ministry of Economic Affairs showed yesterday.

 

Business & Industry

 

Taiwan a ‘victim of success,’ firm says

Silver Lake, a global private investment firm specializing in high technology companies, says Taiwan is a “victim of its own success,” citing the country’s business concentration in saturation, matured markets such as desktop personal computers, motherboards, notebooks and disk drives.

 

Recession may last until 2011, analysts predict

Taiwan’s projected economic recession may persist into 2011 as external economic shocks continue to deteriorate, analysts said.

 

KOREA HERALD, South Korea

 

Front page

 

N.K. to halt Gaeseong tour Dec. 1

North Korea yesterday notified South Korea that it will suspend inter-Korean tourism in Gaeseong and the cross-border train service starting Dec. 1 in protest of Seoul's policy toward Pyongyang, Seoul's Unification Ministry said.

 

Lee proposes study on Pacific Rim free trade

President Lee Myung-bak proposed Sunday that Pacific Rim countries begin discussions on multilateral free trade agreements across the region.

 

Business & Industry

 

Large companies feel liquidity pinch

Since the collapse of Lehman Brothers in September, President Lee Myung-bak and government officials have been calling for the protection of small and medium-sized enterprises from falling victim to liquidity shortages. As the economic problems deepen, even larger companies are being dragged into the financial quicksand.

 

Bad economy is good for makers of instant food

Gloom may hover over most manufacturing sectors, but industry experts yesterday said makers of instant foods are profiting on the global economic crisis.

 

NEW STRAITS TIMES, Malaysia

 

Front page

 

Perak yet to make stand

Perak Islamic Religious Department (Jaip) director Datuk Jamry Sury yesterday withdrew his statement that Perak would adopt the National Fatwa Council decision to ban Muslims from practising yoga.

 

Key rate cut to stimulate spending

Bank Negara Malaysia (BNM) has announced a cut of 25 basis points (a quarter of one per cent) in the Overnight Policy Rate (OPR) to 3.25 per cent to stimulate spending and boost the economy.

 

Business & Industry 

 

Spending under 9MP going well

Some 65.5 per cent of the Ninth Malaysia Plan allocation had already been spent as at the middle of this month

 

Malaysia to start giving out RM600m jobs soon

By March 2009, about 80 to 90 per cent of the people-centric infrastructure projects will have been awarded to contractors, says the Implementation Coordination Unit

 

BUSINESS TIMES, Singapore

 

Front page

 

Airbus ready to cut output, boost financing

Airbus is ready to cut output for the first time since the aftermath of the Sept 11 2001 attacks in the United States if the global financial crisis continues to spiral, the planemaker's head said on Monday.

 

Nikkei rises 1.5% after US shares soar on Citi

Japan's Nikkei average climbed 1.5 per cent on Tuesday after Wall Street soared the previous day as the US government rescued Citigroup, with a weaker yen sparking buying of exporters such as Pioneer Corp.

 

Business & Industry

 

October inflation eases on lower petrol prices

INFLATION eased in October as petrol prices fell, data released yesterday by the Department of Statistics shows. But it was still higher than the level most economists had expected, as the price of electricity was hiked 21 per cent last month - the biggest one- time increase in about seven years.

 

Italian animation studio sets up gaming arm here

LEADING Italian animation production house Rainbow SpA has set up its video gaming arm's headquarters in Singapore.

 

BANGKOK POST, Thailand

 

Front page

 

No new updates

 

Business & Industry

 

No new updates

 

JAKARTA POST, Indonesia

 

Front page

 

Obama names Geithner to Treasury

President-elect Barack Obama named his economic team Monday, tapping New York Federal Reserve President Tim Geithner as treasury secretary to deal "an economic crisis of historic proportions."

 

BBR Nias prepares to hand over the reins

The Rehabilitation and Reconstruction Agency on Nias Island (BRR Nias) has said more projects will continue after its tenure expires next month, including those aimed at alleviating poverty and sustaining the local economy.

 

Business & Industry

 

RI bracing for mass layoffs

Rushing to rescue Citigroup, the U.S. government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh US$20 billion into the company.

 

By: Staff Reporter
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