In Monday's Asia papers
17 November 2008 01:00 [Source: ICIS news]
ASAHI SHIMBUN, Japan
Front page
No new updates
Business & Industry
No new updates
CHINA DAILY, China
Front page
Hu urges revamp of finance system
President Hu Jintao has called for a reform of the international financial system, as well as global efforts to help developing countries cope with the ongoing financial crisis.
Chinese premier calls for support of SMEs
Chinese Premier Wen Jiabao on Saturday outlined a series of proposals for local governments to support small and medium-sized enterprises (SMEs).
Business & Industry
No new updates
TAIPEI TIMES, Taiwan
Front page
Chen Shui-bian rushed to hospital for checkup
Former president Chen Shui-bian was taken to hospital yesterday for a check-up and possible force-feeding as he refused to eat for the fifth day since he was detained on Wednesday.
G20 leaders agree on plan to rescue global economy
World leaders, meeting for a crisis summit in Washington, have agreed on an action plan to restore global growth and prevent future financial upheaval while promising new spending plans, a trade deal and a set of reforms.
Business & Industry
Economic crisis chilling Asia’s fine wine thirst
‘Decanter’ magazine has reported a dramatic fall-off at US auctions, with 67 percent of lots selling at a recent auction in New York
Task force formed to help chipmakers
Taipei-based researcher DRAMeXchange Technology Inc expected at least two companies to be forced out of business if chip prices continued to drop
KOREA HERALD, South Korea
Front page
Lee warns against trade protectionism
President Lee Myung-bak called on world leaders to conclude a long-delayed accord to reduce subsidies and tariffs, warning that trade protectionism will hurt emerging markets.
Nonviable builders, savings banks to face restructuring storm
The government and primary creditors will begin weeding out nonviable builders and savings banks this week to keep them from further damaging the already slowing economy, government officials said yesterday.
Business & Industry
Restructuring efforts quash jobs, take toll on Korea's real economy
The global financial debacle that is spreading to the manufacturing sector is forcing more Korean companies to undergo a scale of restructuring not seen since the 1997-98 financial crisis.
Tax cut for long-term single-home owners
Owners of an expensive single-home who have had it for more than three years may benefit from a reduction in the comprehensive real estate tax from this year, government officials said yesterday.
NEW STRAITS TIMES, Malaysia
Front page
STRESSED OUT: Wrong priorities harming children
Four children go missing every day. One in three children has mental health problems.
Robbers attacked cops with parang, crowbar
Police shot dead four armed robbers high on the wanted list after a 15-minute car chase at Bukit Nenas near here yesterday morning.
Business & Industry
Builders: Don’t make us wait
Late payments in construction jobs may be a thing of the past as contractors are pushing for Parliament to pass a law to ensure faster payments and quick resolution of disputes.
Bank Negara chief in UN task force
Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz will be part of a high-level task force that the United Nations (UN) is setting up to examine reforms of the global financial system.
BUSINESS TIMES, Singapore
Front page
Goldman CEO, 6 others forgo 2008 bonuses
Goldman Sachs Group Inc said on Sunday its Chief Executive Lloyd Blankfein and six other top officials will not get bonuses for 2008.
Australia open to 2nd stimulus, no deficit
Australia is open to a second round of spending to stimulate the economy and ward off recession as the global financial crisis continues, but its budget should remain in surplus, said Finance Minister Lindsay Tanner.
Business & Industry
January Budget to arrest economic slide
Growth next year could slide into negative territory, so the government is keen to put its cushions and boosters in place as quickly as possible. This includes advancing the 2009 Budget by one month to January.
Credit Suisse's mega IT hub rises in S'pore
Undeterred by the global financial crisis, Credit Suisse is driving ahead with plans to open its biggest Asia Pacific data centre in Singapore next May.
BANGKOK POST, Thailand
Front page
Divorce 'unlikely' to free Thaksin assets
Former prime minister Thaksin Shinawatra's divorce from his wife, Khunying Potjaman, would not free the frozen 76 billion baht assets of the Shinawatra family in Thailand, lawyers said yesterday.
Business & Industry
No new updates
JAKARTA POST, Indonesia
Front page
Police detain suspect in bank rumor case
The National Police announced Sunday the detention of a stock market broker for allegedly spreading rumors by email about a deposit run on certain banks, which led to brief panic and put the country’s banking health into question.
Business & Industry
No new updates
ICIS Copyright © Reed Business Information 2009
Author: Staff Reporter+44 20 8652 3214
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