In Tuesday's Asia papers

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


Front page

NTV chief resigns over bogus story
The president of a major television network resigned Monday to take responsibility for a news program that falsely accused the Gifu prefectural government of creating an illegal slush fund.

Ozawa's influence also 'extended' to Akita
Opposition leader Ichiro Ozawa's name clearly carried weight in public works projects beyond his political base in Iwate Prefecture, according to construction industry sources.

Business & Industry

No new updates


Front page

China 'may have lost $80b in equities'
The Chinese government may have lost more than $80 billion of its foreign exchange reserves after buying into equities.

Obama vows to block AIG bonuses
Barack Obama blistered insurance giant AIG for "recklessness and greed" Monday and pledged to try to block it from handing its executives $165m in bonuses.

Business & Industry

China to buy high-speed trains for $5.7b
China's Ministry of Railways (MOR) signed a deal with state-owned vehicle producer CNR Corporation Limited (CNR) here Monday to purchase 100 high-speed CRH trains.

March factory gate prices fall
The factory-gate price of industrial products continued to decline in March, according to the National Bureau of Statistics.


Front page

MND releases review, announces cuts
While announcing a 16 percent cut in military personnel over five years, the military confirmed that missile development programs were still in place

TECRO official removed from post: GIO
The Government Information Office (GIO) said yesterday it would refer a Toronto-based official whose alleged anti-Taiwan remarks caused an uproar to the Commission on the Disciplinary Sanctions of Functionaries of the Judicial Yuan for investigation.

Business & Industry

FSC may revive restructuring fund
The Cabinet is reportedly considering a NT$500 billion to NT$1 trillion fund that will be able to invest in or help ailing financial institutions with their loans

Linux OS-based netbooks proving less popular: MIC
The market share of Linux-based netbooks is expected to rapidly drop to about 10 percent of this year’s total netbook shipments because of consumers’ reliance on Microsoft Corp’s Windows and the lack of peripheral devices supporting the free operating system, Taipei-based research house Market Intelligence & Consulting Institute said yesterday.


Front page

Korea, EU near conclusion of FTA deal
Korea and the European Union made significant headway in the final stretches of their free-trade agreement negotiations during discussions on March 4-6, Seoul's Trade Ministry said yesterday, raising the prospects for the two sides to seal a deal next week.

Yemen tourists to arrive in Seoul today
A group of Korean tourists will return to Seoul from Yemen a day earlier than expected after four members of their group were killed and others were injured by a possible terrorist attack.

Business & Industry

Job outlook getting gloomier
Korea's economy, beset by sharp declines in exports and domestic spending, may lose 300,000 to 500,000 jobs this year, more than the government's forecast of 200,000, experts warned yesterday.

HSBC snubs debt workout program
HSBC Korea, a local unit of U.K.-based Hong Kong Shanghai Banking Group, is in hot water for not offering customers an industry-wide program designed to help them avoid becoming credit delinquents.


Front page

RM4m drugs in computers seized
NILAI: The Customs Department foiled an attempt to smuggle in RM4 million worth of Eramin-5 in 10 computer central processing units (CPU) at the cargo section of the Kuala Lumpur International Airport (KLIA) on Friday.

RM1m lost in low-fare travel scam
BUKIT MERTAJAM: A travel agency here used ridiculously low fares to fool nearly 100 people into paying it nearly RM1 million for "holiday packages" to Taiwan, Japan, New Zealand and India.

Business & Industry

PNB moves for another big merger
Permodalan Nasional Bhd (PNB), a state-run fund manager, is creating a large property group with yearly revenue of RM1.3 billion by combining three property companies under one roof, sources said.

RM40b of Mideast deals up for grabs
Despite the global economic slowdown, RM40 billion of business opportunities are available in the Middle East services sector.


Front page

Malaysia: KLCI flat at open
Malaysian shares opened little changed on Tuesday as investors stayed cautious amid a weak global economic outlook.

Cisco to go head-to-head with HP, IBM
Cisco Systems Inc. threw down the gauntlet to erstwhile partners Hewlett-Packard and IBM on Monday and announced it would begin building computer servers.

Business & Industry

China relaxes rules for firms to invest overseas
China's Ministry of Commerce has relaxed rules to make it much easier for Chinese companies to win approval to invest overseas, in the country's latest move to encourage its companies to go abroad.

'I should have done more to prevent bank crisis': UK's Brown
British Prime Minister Gordon Brown, lagging in opinion polls, said on Tuesday he wished he had done more to impose better regulation earlier and took full responsibility for his role in the economic crisis.


Front page

Light-hearted Bangkok
For a third year, Bangkok will turning off its lights for an hour on March 28 in a worldwide campaign highlighting global warming.

Shoot the messenger!
Another narrative went wrong, this time for Thaksin, and of course once again it is the media's fault. COMMENTARY By Atiya Achakulwisut

Business & Industry

P-I stops the presses
The Seattle Post-Intelligencer newspaper will print its last edition on Tuesday, ending a 146-year run.

Concessions new target
A proposed holding company to manage telecom concessions owned by TOT Plc and CAT Telecom could allow the government to make better use of


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
+44 20 8652 3214

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