In Monday's Asia papers

16 March 2009 01:00  [Source: ICIS news]


Front page

1 in 4 to opt out of lay judge duty
Nearly one in four people on a short list of citizen judge candidates for 2009 has declined to serve, citing legitimate reasons, according to the Supreme Court.

New U.S. anti-whaling stance puts more pressure on Japan
A stridently anti-whaling attitude revealed by the United States under President Barack Obama at a recent International Whaling Commission (IWC) meeting here could leave Japan increasingly isolated from the international community over this issue.

Business & Industry

No new updates


Front page

Consumer watchdog to get bite
The national consumer rights body will get the nod to represent consumers in courts this year, said a senior official of the group.

OPEC to maintain current output
Faced with declining international oil prices, the 152nd Oil Minister Conference of the OPEC decided on Sunday not to further cut crude oil production.

Business & Industry

Farmers to get subsidy for auto purchases
The central government has detailed a stimulus plan encouraging farmers to buy automobiles, which may bring a surge in auto sales in rural areas.

Central bank: Capital account norms may be eased
China will continue to open up its financial sector this year despite the challenges in the international financial market, the nation's central bank said.


Front page

Taiwan renews drive for advanced fighter aircraft
Taiwan has renewed a drive to buy advanced US-built F-16 fighter aircraft, confronting US President Barack Obama with a delicate decision.

Clashes erupt as ex-Pakistani PM put under arrest
Police fought running battles with stone-throwing anti-government protesters yesterday after authorities tried to detain opposition leader Nawaz Sharif, fanning a crisis that has alarmed the US.

Business & Industry

DRAM makers see forecasts cut
Citigroup adjusted its projection for Powerchip to NT$40.62 billion in losses this year from a previous prediction of NT$30.31 billion in losses.

Banks’ deal to help Chilean firms buy Taiwanese goods
A local lender will provide US$10 million in credit to Corpbanca Bank for loans to Chilean importers to buy Taiwanese products


Front page

'Missile launch may lead to PSI review'
North Korea, if it goes through with a rocket launch, may open the door for Seoul to consider full-fledged membership in a Washington-led campaign to combat weapons proliferation, Foreign Minister Yu Myung-hwan said.

Border closure puts Gaeseong firms at risk
Nine out of 10 South Korean firms operating in a joint industrial complex in the North will be forced to suspend production if Pyongyang maintains its closure of the inter-Korean border, a local survey said yesterday.

Business & Industry

Big companies face credit review
This week Korean banks are to start reviewing the finances of conglomerates and their affiliates as a creditor-driven corporate restructuring campaign reaches the ranks of top industrial groups.

Risky assets may rise at brokerages
Some of Korea's securities firms are exposed to hundreds of billions in risky assets, industry data showed yesterday.


Front page

Complaints bureau to expand service
It receives more than 3,000 complaints from the public every month. And, its problem solving rate is an impressive 80 per cent.

His goal to keep Umno relevant
Unity, Culture, Arts and Heritage Minister Datuk Seri Mohd Shafie Apdal is the second person from Sabah to make a bid for one of the three vice-presidents’ posts in Umno.

Business & Industry

Keeping maritime financing afloat
Bank Pembangunan is not overly concerned over rising bad debts as it has only minimal exposure to the badly affected shipping sectors such as dry bulk and container

iPhone may not be exclusive to Maxis
It all depends on whether Celcom, DiGi or U Mobile can strike a deal with the phone maker, Apple, says an industry source


Front page

Thai premier questions IMF loan conditions
Increasing International Monetary Fund loan facilities will only benefit developing countries if conditions on borrowers are also relaxed, Thai premier Abhisit Vejjajiva said in an interview on Monday.

Bernanke sees US recovery beginning in 2010
Federal Reserve Chairman Ben Bernanke suggested in a taped interview on Sunday that the US recession could last most of the year and said the biggest risk was that the political will needed to fix the fractured financial system could be lacking.

Business & Industry

Taiwan plans financial rescue fund expansion
Taiwan is planning to expand its financial rescue fund more than four-fold to over T$1 trillion (US$29 billion) to stabilise the financial system, a newspaper reported on Monday.

Malaysia: KLCI flat at open
Malaysian shares kicked off the week little changed on Monday.


Front page

Map Ta Phut vote
The National Environment Board will decide on Monday whether to appeal the designation of the Map Ta Phut municipality as a pollution control area.

Marriage on the rocks
The union between the Democrats and the Friends of Newin group was never a match made in heaven. By Veera Prateepchaikul

Business & Industry

OPEC holds off from oil output cut
To give rich and emerging nations time to respond to the global economic crisis.

AIG bonuses fuel storm
The bailed-out insurance giant readied to hand out millions in bonuses to top executives.


Front page

Candidates struggle to meet hidden costs
Twenty-five days before the legislative election takes place, the candidates have been doing everything possible to win over voters.

Campaign in cloudy economy
Jusuf Kalla and Megawati Soekarnoputri, leaders of the country's two biggest political parties, met Thursday, on the eve of the three-week election campaign for the April legislative election, to explore a possible coalition for the presidential election in July.

Business & Industry

No new updates.

By: Staff Reporter
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