In Thursday's Asia papers
02 October 2008 02:00 [Source: ICIS news]
ASAHI SHIMBUN, Japan
Front page
Ozawa addresses Diet as if he was prime minister
The business of questioning the prime minister over his policies took a back seat in the Diet on Wednesday, as opposition leader Ichiro Ozawa effectively gave a policy speech as if he had already wrested power from the ruling coalition.
Tax refund scam netted 24 million Yen
The Tokyo Regional Taxation Bureau has filed a complaint with prosecutors against a man and his company suspected of obtaining 24 million yen in false consumption tax refunds, sources close to the case said Wednesday.
Business & Industry
No new updates
CHINA DAILY, China
Front page
No new updates
Business & Industry
No new updates
TAIPEI TIMES, Taiwan
Front page
Melamine found in 12% of milk powder: Beijing
Chinese authorities said yesterday that tests had found traces in nearly 12 percent of milk powder products of an industrial chemical that has so far sickened 53,000 children, killing four
Officials mull sovereign wealth fund
Vice Premier Paul Chiu said yesterday that establishing a sovereign wealth fund might be an effective way to boost the economy
Business & Industry
Taishin warns off market manipulators
The Financial Supervisory Commission (FSC) and Taishin Financial Holding Co sought to reassure investors yesterday that the company’s operations remained normal, rejecting rumors of a liquidity crunch and that it was at risk of being taken over by the government.
Hewlett-Packard narrows focus to notebook market
Hewlett-Packard Co (HP) is narrowing its focus to the traditional notebook market, despite the recent successes of Acer Inc and AsusTek Computer Inc with netbooks, a company official said.
KOREA HERALD, South Korea
Front page
N. Korea repairing nuke reactor
North Korea has recently been increasing activities near a nuclear test site on the northeastern tip of the communist state in an apparent move to repair the site, a South Korean military source said yesterday.
Lee cozies up to world powers
President Lee Myung-bak yesterday returned from a three-day trip to Russia, the last leg of his summit diplomacy with four countries strategically involved with in Koreas and Northeast Asia.
Business & Industry
Housing market buckles under economic pressure
Home prices are plummeting and unsold new houses are piling up as the country's real estate market showing no signs of improving amid the worsening financial turmoil.
Aging accelerates
Korea is fast approaching the status of an aged society from its current position as an aging society, the National Statistics Office said yesterday
NEW STRAITS TIMES, Malaysia
Front page
No new updates
Business & Industry
No new updates
BUSINESS TIMES, Singapore
Front page
Buffett dives into GE amid 'economic Pearl Harbour'
Warren Buffett's US$3 billion commitment to General Electric Co (GE) is the latest attempt by perhaps the world's most revered investor to dive into a beaten-down company he believes has staying power, despite a global credit crisis he calls an 'economic Pearl Harbour'.
US money market funds post record inflows: iMoneyNet
Investors poured a record US$12.39 billion into US money market funds in the week to Sept 30, the Money Fund Report said on Wednesday.
Business & Industry
Don't count on a Santa bailout
It looks like Santa Claus may not deliver a stock market rally this Christmas, with investors bracing themselves for lean times in the fourth quarter.
Italy's top two banks take a battering
Italy's leading banks yesterday felt the shockwaves from the world financial crisis sweeping over Europe as their share prices took a battering.
BANGKOK POST, Thailand
Front page
Nationalism in print
What makes us proud of our country? At the Education Ministry, our patriotism is judged by how much we can memorise national history in textbooks as sacred fact written in stone.
Earth Observation
A Thai remote sensing satellite delayed for a year because of a Russia-Kazakhstan political spat, finally blasted into space on Wednesday and reached orbit to begin scientific mapping for agriculture and forestry development from 684km above the planet.
Business & Industry
Thai stocks steady as new votes loom in US Congress
Thai stocks dropped 0.35% yesterday in modest trade as investors awaited developments in Washington on whether the US Congress would move forward with a bailout plan for the banking sector.
Funds welcome LTF, RMF plan
Fund managers have welcomed proposals to raise investment limits on long-term equity (LTFs) and retirement mutual funds (RMFs) as a policy move offering benefits to both investors and the capital market.
JAKARTA POST, Indonesia
Front page
Parents file lawsuit in China against dairy firm
The parents of a baby allegedly sickened by tainted infant formula are suing the dairy at the heart of China's contaminated milk scandal, state media reported, as 15 more companies were accused Wednesday of selling compromised products.
Business & Industry
Maybank completes BII deal after discount
The Malayan Banking Bhd (Maybank) has completed the transaction over majority ownership in Bank Internasional Indonesia (BII) after agreeing to a discount offer from the Sorak consortium.
ICIS Copyright © Reed Business Information 2009
Author: Staff Reporter+44 20 8652 3214
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