In Wednesday's Asia papers
08 October 2008 02:00 [Source: ICIS news]
ASAHI SHIMBUN, Japan
Front page
Japanese physicists share Nobel
Two Japanese physicists and a Japanese-born American scientist won the 2008 Nobel Prize in Physics on Tuesday for their theoretical research on elementary particles.
Business & Industry
No new updates
CHINA DAILY, China
Front page
Arms deal ruins bid to build trust
A $6.4 billion deal to sell US arms to Taiwan has ruined years of Chinese efforts to build military trust with the Pentagon, and Washington should bear full responsibility for the consequences, a spokesman for the Ministry of National Defense (MND) said Tuesday.
Major farmland reform mulled before CPC meeting
Experts proposed radical land reforms to make land management rights transfers freer and liberate rural dwellers from being bound to their lands, ahead of the Communist Party of China's (CPC)'s most important annual meeting.
Business & Industry
Cleaner fuel comes at a price in Beijing
The Beijing municipal authorities have raised pump prices by up to 4 percent to cover the cost of cleaner fuel.
TAIPEI TIMES, Taiwan
Front page
Bank savings given blanket guarantee
Premier Liu Chao-shiuan said yesterday that the government would provide a blanket guarantee for all depositors’ savings in state-owned or private banks. This followed the announcement by the financial regulator of a NT$3 million (US$90,000) threshold a day earlier.
World stock markets stabilize despite bank woes
World stock markets stabilized yesterday despite further banking woes across Europe, as Asia pulled back from the brink on hopes of cuts to global interest rates, dealers said.
Business & Industry
MOF reports first negative export growth since 2002
Taiwan’s exports, the main driver of its economic growth, declined 1.6 percent year-on-year last month for the first time in six-and-half years as the global financial crisis continued to dampen demand for consumer products, the Ministry of Finance said yesterday.
Asustek expects shipment growth for notebooks
Asustek Computer Inc expects its annual notebook and netbook computer shipments to total around 12 million units next year, up from 11 million units this year despite the global economic slowdown and sluggish consumer demand, a company official said yesterday.
KOREA HERALD, South Korea
Front page
Seoul struggles to calm forex markets
Political leaders and economic policymakers yesterday pleaded for calm in the country's currency markets as the won continued its freefall to a nearly seven-year low.
Dollar drain drops won to 7-year low
The won fell to a seven-year low yesterday as the dollar drought worsened in the banking industry.
Business & Industry
It's not 1997 all over again
As the won continues to weaken against the U.S. dollar and the current accounts balance plunges into the red for the first time in 11 years, concerns are rising that the country maybe headed for serious troubles
Individual stock investors' loss exceeds W100 trillion
Individual investors lost over 100 trillion won ($79 billion) in stock investments during the first nine months of this year, data showed yesterday.
NEW STRAITS TIMES, Malaysia
Front page
Home Ministry seeks Hindraf ban
Secretary-general Tan Sri Abdul Aziz Mohd Yusof said as Hindraf was not a registered organisation, the ministry's legal unit would look at the technicality of disbanding the group.
Invest more in biotech, PM urges strong sectors
"I would like to see biotechnology drive all the economic corridors. These are areas where the population is multiracial and it will improve their quality of life," he said in his keynote address at the BioMalaysia 2008 conference and exhibition in Kuala Lumpur yesterday.
Business & Industry
Melewar considers MAA Hldgs buyout
THE Melewar group, owned by the Negri Sembilan royal family, may take insurance group MAA Holdings Bhd (MAAH) private, its chairman said.
Mideast role in Penang monorail project?
The RM2.2 billion project's estimated 15 per cent internal rate of return is attractive enough to invite equity partners, especially from the Middle East, says Melewar Industrial
BUSINESS TIMES, Singapore
Front page
Making sense of the post-bailout meltdown
THE global stockmarket meltdown in recent days and the still-frozen state of the interbank markets are clear signs that market participants have given a thumbs-down to the way the authorities in the United States and Europe are dealing with the worst financial crisis in 80 years.
Nikkei falls 1.5% on Wall St slide, strong yen
Japan's Nikkei share average fell 1.5 per cent on Wednesday after US stocks tumbled on fears that the credit crisis would drag the economy into a deep recession, while a firm yen also weighed on exporters.
Business & Industry
Govt to corporatise Changi Airport
Award-winning Changi Airport and its operating businesses will be sold to a Temasek-controlled company next year.
Temasek goes ahead with sale of PowerSeraya
DESPITE the latest shake- up in global financial markets, Temasek Holdings yesterday said it was launching the sale of PowerSeraya following strong interest from potential bidders.
BANGKOK POST, Thailand
Front page
Brink of anarchy
Prime Minister Somchai Wongsawat rejected calls for his resignation and a House dissolution in the wake of violent clashes between police and supporters of the People's Alliance for Democracy (PAD) on Tuesday.
UN chief to Burma: reform or face isolation
UN Secretary General Ban Ki-moon said Tuesday he would cancel a planned visit to Burma unless the government there shows progress in democratisation and humanitarian programmes.
Business & Industry
Two dead, many hurt
A man and a woman were killed and 358 other people injured during violent clashes between police and supporters of the People's Alliance for Democracy (PAD) yesterday, according to the Public Health Ministry.
Business chiefs fear the worst
The local and foreign business communities voiced concern that the violence at Parliament yesterday morning would only worsen the country's economic woes and poor image in the eyes of the investment community.
JAKARTA POST, Indonesia
Front page
Dow plunges more than 500 on worries about financials
The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector.
Business & Industry
No new updates
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