In Tuesday's Asia Papers

22 January 2008 01:28  [Source: ICIS news]

SINGAPORE (ICIS news)--These were the top stories at 1:00 GMT in the following Northeast Asia/ Southeast Asia newspapers on Tuesday.

 

These stories have been taken from the Internet editions of the papers. ICIS has not verified these stories and does not vouch for their accuracy.

 

ASAHI SHIMBUN, Japan

Front page

 

NHK chief Hashimoto offers to resign

Genichi Hashimoto, president of Japan Broadcasting Corp. (NHK), said Monday he has offered to resign to take responsibility for an insider trading scandal, just days before his tumultuous term was to expire.

 

Business & Industry

 

No new updates.

 

CHINA DAILY, China

Front page

WTO chief eyes success in trade talks

This year is crucial for the outcome of the Doha Round of global trade talks, World Trade Organization chief Pascal Lamy has said.

 

Black Monday for Chinese stocks

Chinese stocks suffered the biggest drop this year, nose-diving more than 5 percent, amid growing fears over the fallout from a slump in US economy.

 

Business & Industry

 

Chinese stocks nosedive over 5%
Chinese stocks plunged 5.14 percent on Monday after 1.7 trillion yuan in market value evaporated in last week's turmoil, amid growing fears over the fallout from a slump in US economy.

 

WTO chief eyes success in trade talks
This year is crucial for the outcome of the Doha Round of global trade talks, World Trade Organization chief Pascal Lamy has said.

 

TAIPEI TIMES, Taiwan

Front page

 

DPP and KMT squabble over `recess'

Democratic Progressive Party (DPP) and Chinese Nationalist Party (KMT) officials traded barbs yesterday over allegations that the KMT was planning to call a legislative recess before the presidential election in March.

 

EU, Egypt urge Israel to end blockade of Gaza Strip

The EU led mounting calls yesterday for Israel to end its crippling four-day-old blockade of Gaza as Egypt came under pressure to open the territory's only access to the outside world that bypasses the Jewish state.

 

Business & Industry

 

Hon Hai leads way in patents

Hon Hai Precision Industry Co outperformed its Taiwanese peers last year by being granted the most patents after submitting the highest number of patent applications for five consecutive years, an executive of the Intellectual Property Office (IPO) said yesterday.

 

Lenovo decision looks set to boost notebook makers

Notebook PC manufacturers Quanta Computer Inc, Compal Electronics Inc, Winstron Corp, Pegatron Technology Corp and Inventec Corp are expected to benefit from the decision by Lenovo Group Ltd to delegate whole system notebook assembly and shipment to local producers, industry analysts said.

 

KOREA HERALD, South Korea

Front page

 

Prosecutors probe spy chief over leak

State prosecutors yesterday launched an investigation into the nation's top intelligence official, who leaked excerpts from a confidential meeting with his North Korean counterpart, a senior prosecutor said.

 

In search of better jobs, more Koreans opt for unemployment

The number of economically inactive individuals preparing for employment examinations rose to a record high last year, the National Statistical Office said yesterday.

 

Business & Industry

 

Public sector jobs to get a lot scarcer

Finding public sector jobs is likely to get tougher due to the incoming government's restructuring plans for government agencies and state-run corporations.

 

Stock funds suffer stark losses to begin year

More than half of the funds invested in local and overseas stocks are suffering losses due to the recent slump in the global equity market, industry data showed yesterday.

 

NEW STRAITS TIMES, Malaysia

Front page

 

Lingam was definitely sober, says witness
KUALA LUMPUR: Lawyer Datuk V.K. Lingam was definitely sober the night he was speaking on the telephone, said Loh Gwo Burne, the man who taped the conversation.

 

Business & Industry 

 

China goes kosher
Chinese exporters, eager to gain access to the US$11.5 billion US kosher market, are paying for the inspections to ease growing concern among US consumers about imports from China.

 

Quest to top US rich list
Sheldon G. Adelson, the casino mogul, may well be the richest American that most people have never heard of. One reason is that he is a newcomer to the highest altitudes of the fabulously wealthy.

 

BUSINESS TIMES, Singapore

Front page

 

Asian markets crash while US totters

(SINGAPORE) It was blood on the floor across Asian bourses yesterday as investors dumped stocks amid intensifying fears of a US economic meltdown.

 

Investment bar set high, but EDB expects to cross it

(SINGAPORE) The world's economy may be slowing down, but Singapore expects to continue attracting huge investments this year that will spur growth and create jobs.

 

Business & Industry

  

GIC, Temasek made decisions on their own

THE government did not have a hand in the recent investments by the Government of Singapore Investment Corporation (GIC) and Temasek Holdings in the banking groups UBS, Merrill Lynch and Citigroup, which were hit by the sub-prime mortgage crisis in the United States, Finance Minister Tharman Shanmugaratnam told Parliament yesterday.

 

Mizuho's Merrill deal a new turn for Japan banks

(TOKYO) Mizuho Financial Group's US$1.2 billion investment in Merrill Lynch marks a turning point for Japan's once-reeling banks which, after shedding bad debt and rebuilding their businesses, are once again looking for opportunities abroad.

 

BANGKOK POST, Thailand

Front page

 

Sonthi fights back

The Sept 19, 2006 coup maker and junta leader Sonthi Boonyaratkalin has warned ousted prime minister Thaksin Shinawatra not do anything to make the people angry and force them to take to the streets again. Gen Sonthi did not go into detail.

 

PM admits southern failure

Prime Minister Surayud Chulanont travelled to the South on Monday and admitted his regime has failed to quell violence that killed six Muslim men and wounded eight soldiers almost as he spoke.

 

Business & Industry

 

Siam Cement counts on Asean as US faces economic recession

Siam Cement Group (SCG), the country's largest industrial group, is still confident in Asean economies despite the looming recession in the United States triggered by the sub-prime crisis.

 

Markets tumble on recession jitters

Global markets tumbled yesterday as investors feared a $150-billion US stimulus package would be unlikely to avert a recession in the world's largest economy. The Stock Exchange of Thailand index initially looked to defy the bearishness that swept the region by briefly breaking the 800-point barrier on optimism about the formation of the new government.

 

JAKARTA POST, Indonesia

Front page

 

No new updates.

 

 

 

 

($1= S$1.45)

 

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Author: Staff Reporter
+44 20 8652 3214

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