In Friday's Asia papers
03 October 2008 02:00 [Source: ICIS news]
ASAHI SHIMBUN, Japan
Front page
SDF colonel fired for leaking secrets
An Air Self-Defense Force colonel was dismissed Thursday for leaking classified intelligence data about a Chinese submarine to a newspaper in 2005.
Avalanche kills 3 Japanese in Himalayas
Three Japanese climbers were killed by an avalanche Wednesday, as they attempted to scale 7,538-meter Mount Kula Kangri in Tibet, according to reports from the Chinese autonomous region.
Business & Industry
No new updates
CHINA DAILY, China
Front page
No new updates
Business & Industry
No new updates
TAIPEI TIMES, Taiwan
Front page
Report warns State on PRC aims
Gaining control of Taiwan is central to China’s overall national strategic strategy, and the US must ensure that Beijing fails in this aim and honor its legal commitment to supply Taiwan with needed defensive weapons, a draft of a new State Department report said.
China recalling all milk powder sold abroad
China has recalled milk powder sold abroad, a diplomatic source said yesterday, as it continues its efforts to contain the scandal over tainted milk that has sickened thousands of children.
Business & Industry
Wealth fund debate continues
The debate over whether to set up a sovereign wealth fund continued yesterday as academics and government officials disagreed on whether it was necessary, but all agreed on the need to create an institution to oversee and act to stabilize financial markets.
THSRC aims for passenger increase
Taiwan High Speed Rail Corp said yesterday that it hoped to increase daily passenger volume by between 11 percent and 18 percent to 100,000 passengers following the company’s latest promotion.
KOREA HERALD, South Korea
Front page
Iconic actress found dead
Choi Jin-sil, Korea's long-beloved iconic actress, was found dead yesterday at her residence in Seoul, in an apparent suicide amid rumors accusing her of involvement in the alleged suicide last month of another actor
N.K. threatens to derail inter-Korean projects
North Korea yesterday warned of the "grave consequences" that inter-Korean projects including the tours to Gaeseong City would suffer if South Korea continues to spread anti-North propaganda pamphlets in the communist land
Business & Industry
Falling reserves raise concerns
Korea's foreign currency reserves fell for the sixth straight month in September, as the authorities poured billions of dollars into the market to prop up the ailing won
Salaries of brokerage executives questioned
The salaries of local financial executives have been brought into question amid rising public criticism in the United States over the astronomical wages that such executives are paid.
NEW STRAITS TIMES, Malaysia
Front page
Bizarre beating in 'cleansing ritual'
A 15-year-old girl who also took part in the ritual is fighting for her life in hospital.
Two cars hit as cop fires randomly
Two civilians had a narrow escape when a policeman fired 61 shots randomly while standing near a burial ground at Kampung Selindung, Padang Tengku, near here, early on Wednesday.
Business & Industry
EON Bank gets aggressive
The economic slowdown will not stop the lender from expanding its number of branches to 140 by year-end as well as launching more products
Takaful Ikhlas may sell offshore products abroad
Takaful Ikhlas is discussing with a few parties from the Gulf Cooperative Council, the Middle East and North Africa to sell offshore takaful products there
BUSINESS TIMES, Singapore
Front page
Bailout plan sails through Senate - but here comes the hard part
WALL STREET is bracing itself for another ride on the see-saw of hope and fear even though the US Senate has on Wednesday overwhelmingly approved a US$700 billion bailout for the financial system.
Fed's Bullard says cutting rates wrong response
BLOOMINGTON (Indiana) - Federal Reserve Bank of St Louis President James Bullard said on Thursday he does not believe that cutting interest rates is the correct policy to tackle the US credit crisis.
Business & Industry
Private home prices ease after 4 years
Third-quarter private property prices fell for the first time after 17 straight quarters of growth.
URA revenue from land sales surges 80% to $8.3b
LAND sales revenue collected by the Urban Redevelopment Authority (URA) for the Singapore government reached $8.3 billion for FY07/08, up 80 per cent on the $4.6 billion collected during the property market peak of FY96/97.
BANGKOK POST, Thailand
Front page
Fists of fury
"Don't use this one incident as a standard to judge me," pleaded Bangkok governor candidate Chuwit Kamolvisit on Thursday, insisting he is fit for the top job at City Hall despite brutally assaulting Channel 3 news anchorman Visarn Dilokwanich
Milking a crisis
The Food and Drug Administration on Thursday blocked Dutch Mill Co's attempt to return milk powder to its suppliers in China until it gets the results of lab tests for melamine contamination.
Business & Industry
No new updates
JAKARTA POST, Indonesia
Front page
Death toll from capsized boat now 14, survivors arrive in Tanjung Balai
The death toll from the wooden barter trade boat carrying Indonesian migrant workers that capsized near Pulau Pintu Gedong off Westport, Malaysia, on Tuesday has risen to 14 after two more bodies were found at about 7.15 pm Thursday, according to a news report.
France to host Saturday EU summit on crisis
France on Thursday formally called an exceptional weekend summit to hash out a common European Union response to the spreading U.S. financial crisis, amid divisions among European officials about how closely to coordinate their action.
Business & Industry
No new updates
ICIS Copyright © Reed Business Information 2009
Author: Staff Reporter+44 20 8652 3214
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