In Monday's Asia papers
06 October 2008 02:00 [Source: ICIS news]
ASAHI SHIMBUN, Japan
Front page
No new updates
Business & Industry
No new updates
CHINA DAILY, China
Front page
Premier: China's steady growth can help
Maintaining "steady and fast" growth is the largest contribution China can make to help the world overcome the current financial crisis stemming from the United States, Premier Wen Jiabao said Sunday.
Another record Golden Week, Beijing top destination
The weeklong National Day holiday again brought a record number of tourists and retail revenue, despite continued controversy over the decade-old Golden Week vacation system.
Business & Industry
New dairy products not tainted
Latest tests on Chinese dairy products have found no traces of melamine, following a scandal involving powdered milk tainted with the chemical, the country's top quality supervision agency said Friday.
TAIPEI TIMES, Taiwan
Front page
Lee Teng-hui says Ma ‘incompetent’
Former president Lee Teng-hui yesterday accused President Ma Ying-jeou of incompetency, lashing out at his administration for failing to offer concrete measures to curb public apprehension over events such as the recent melamine contamination and the poor performance of the TAIEX.
State media say Kim Jong-il seen in public
North Korean leader Kim Jong-il made his first public appearance in nearly two months, state media reported, an announcement analysts suggested was aimed at quelling speculation about his health amid tensions over the country’s nuclear program.
Business & Industry
Business conference starts today
The 2008 Business Alliance Conference, organized by the Ministry of Economic Affairs, is scheduled to begin today at the Taipei International Convention Center (TICC). More than 1,000 business executives from Europe, the US, Japan and China will arrive to attend the two-day event, which could help facilitate 100 inbound investments or strategic alliances, the organizer said yesterday.
Green appliances are sought after as energy costs rise
As the price of electricity has risen since last Wednesday, many people have begun to show a preference for energy-saving items when purchasing household electrical appliances, stores said on Saturday.
KOREA HERALD, South Korea
Front page
N.K. leader appears in public, report says
North Korean media reported Saturday that Kim Jong-il has made his first public appearance after a two-month absence that triggered speculations that he was seriously ill
Flawed contingency plans raise concerns
A lawmaker yesterday unveiled critical loopholes in government contingency plans which would impede a swift, systemic response to terrorism, natural disasters and other crisis situations.
Business & Industry
Mortgage rates up to 10% amid liquidity crunch
The deteriorating credit crunch in the banking sector drove up the maximum annual interest rate on home-backed loans to 10 percent, pinching debt-financed households, industry data showed yesterday.
KTF names new CEO
KTF, the nation's No. 2 mobile carrier, has named Kwon Haing-min, a senior executive of its parent company KT, as its new chief executive officer. Kwon, 49, replaces Cho Young-chu, who resigned on Sept. 22 after being arrested on charges that he took 2.4 billion won ($2 million) in kickbacks from suppliers
NEW STRAITS TIMES, Malaysia
Front page
I have been yellow-carded 6 times, says MCA's Tee Keat
MCA vice-president Datuk Ong Tee Keat, who is vying for the presidency at the MCA elections scheduled for Oct 18, has claimed that certain groups in the party had fabricated allegations against him to tarnish his reputation.
PREDATOR FISH: 'It got into rivers by accident'
Nik Mohd Rahimi, who manages Fly Fishing and Lure Casting Centre in Taman Pertanian Bukit Cahaya in Shah Alam, said that it got into the Perak waterways by accident.
Business & Industry
Deal to take AirAsia private could be worth RM1.25b
This is not the best time for AirAsia to be taken private, says a research head, adding that being listed will help it secure financing for new planes
Alam Maritim revenue stream to remain stable
The offshore marine transport services provider expects revenue to come in above RM200 million this year, thanks to a stable order book
BUSINESS TIMES, Singapore
Front page
Judge sets hearing on Citi, Wachovia deal
A district court judge set a court hearing for Tuesday to decide whether an exclusivity agreement in Citigroup's bid to buy Wachovia Corp's banking assets prevents a competing deal by Wells Fargo to go forward.
Ping An to book 15.7b yuan loss on Fortis stake
Ping An Insurance said yesterday that it would report a loss of about 15.7 billion yuan (S$3.3 billion) on its investment in troubled European financial group Fortis.
Business & Industry
Slowdown to last several quarters
Singapore's economy is expected to slow for 'several quarters' as the sub-prime meltdown has evolved into phase two - an economic crisis, said Finance Minister Tharman Shanmugaratnam.
BANGKOK POST, Thailand
Front page
Apirak wins city election
Democrat party member Apirak Kosayodhin is re-elected as Bangkok governor, according to unofficial result released on midnight Sunday.
Flood death toll reaches 24: Public Health Ministry
Ministry of Public Health reported Sunday that the death toll from the current floods was officially recorded at 24.
Business & Industry
No new updates
JAKARTA POST, Indonesia
Front page
US$7.2 billion project planned near Saudi capital
Saudi Arabia's Al-Shoala Group and Dubai-based Emaar Properties have teamed up on a US$7.2 billion community project near the Saudi capital of Riyadh.
Govt. prepares incentives to maintain export growth
The government is preparing special incentives to maintain growth of exports amid a weakening global demand that is primarily caused by the liqudity crisis in the U.S.
Business & Industry
No new updates
ICIS Copyright © Reed Business Information 2009
Author: Staff Reporter+44 20 8652 3214
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