In Tuesday's Asia papers
18 November 2008 01:00 [Source: ICIS news]
ASAHI SHIMBUN, Japan
Front page
Postmarks from MSDF ships like sunken treasure to collectors
Items now fetching high prices are envelopes and postcards postmarked aboard ships of the Maritime Self-Defense Force dispatched to the Indian Ocean to refuel vessels of other navies as part of the U.S.-led struggle against terrorism in Afghanistan.
Minshuto in more combative Diet mode
The main opposition party is set to throw Diet business into turmoil today with a decision to boycott deliberations on a key planned bill and a threat to absent itself from future sessions.
Business & Industry
No new updates
CHINA DAILY, China
Front page
Serious accidents on the increase this year
Twenty-seven serious traffic accidents have taken place in the country so far this year, exceeding the total number for the whole year last year, the national transportation authority said Monday.
Business & Industry
Bank of America to exercise option, buy in 19.6 billion CCB shares
Bank of America will exercise its option and purchase 19.58 billion H shares of China Construction Bank (CCB) from Central Huijin, said CCB here Monday.
TAIPEI TIMES, Taiwan
Front page
Chen transferred to Banciao hospital
DPP caucus whip Ker Chien-ming said that the former president had a record of stomach ulcers, and that his incarceration was a part of a political agenda
Security, economy are priorities, Obama says
he US president-elect said that Americans shouldn't worry about the federal deficit for the next couple of years, while urging help for the auto industry
Business & Industry
‘Economist’ trims GDP growth
The Economist Intelligence Unit said the sour outlook for the US economy, one of Taiwan’s largest export markets, was a factor in the decision
EVA Airways may delay share sale in light of downturn
EVA Airways Corp, Taiwan’s second-largest carrier, may delay a share sale valued at NT$3.8 billion (US$115 million) because of the global financial turmoil.
KOREA HERALD, South Korea
Front page
Assembly team to talk with Obama aides
A group of South Korean lawmakers yesterday flew to Washington to discuss pending South Korea-U.S. issues with key politicians and foreign policy experts close to U.S. President-elect Barack Obama.
Facility investment growth near zero
Facility and construction investment lost steam during the first nine months of the year, as slowing growth and growing economic uncertainties led companies to refrain from spending, central bank data released yesterday showed.
Business & Industry
Consumers close wallets on economic slump
Discount-store sales declined for a second straight month in October and department store sales were level with those of a year earlier, according to a report by the Ministry of Knowledge Economy.
Korea, China may boost currency swap to $20b: Chinese official
China may increase its currency-swap agreement with Korea fivefold to $20 billion, said Cheng Siwei, former vice chairman of the nation's legislature.
NEW STRAITS TIMES, Malaysia
Front page
GLAD TIDINGS FOR CONSUMERS: Double joy with reduced fuel and rice prices
Yesterday, the government reduced pump prices for petrol and diesel by 15 sen, the fifth reduction since August
Selangor exco member Ronnie Liu charged
State executive councillor Ronnie Liu was charged in the magistrate's court yesterday with abetting in obstructing a public servant from doing his duty last year.
Business & Industry
CIMB Aviva offers VSS
Insurance group CIMB Aviva Malaysia has offered a voluntary lay-off scheme to its permanent employees, one of the earliest to do so since the economic slowdown.
MK Land to unveil turnaround plan on Nov 28
Property developer MK Land Holdings Bhd will announce plans to return to profitability on November 28 as it seeks to pull itself out of two straight years of losses.
BUSINESS TIMES, Singapore
Front page
Nikkei slides 1.3% on US stock fall, econ worries
Japan's Nikkei share average slid 1.3 per cent on Tuesday, dented by overnight losses on Wall Street, while concerns over the weakening economy hurt exporters such as Toyota Motor Corp.
China's Hu launches free trade talks in Costa Rica
Chinese President Hu Jintao began a Latin America tour with the launch of free trade talks with Costa Rica on Monday, just over a year after the country gave up six decades of ties with Taiwan.
Business & Industry
Directors' body unveils plan of action
THE Singapore Institute of Directors (SID) will soon expand its secretariat and engage a CEO, enhance its training and services for directors, and air its opinions on corporate governance issues more publicly.
Cut in salary budgets seen at companies
THE majority of local companies seem set on cutting salary planning budgets and variable compensation payouts, as concerns about the uncertain economy put pressure on cost reductions.
BANGKOK POST, Thailand
Front page
No new updates
Business & Industry
No new updates
JAKARTA POST, Indonesia
Front page
Police to probe more brokers in bank rumor case
The National Police on Monday said it would expand its investigation into other brokers for allegedly spreading rumors about a deposit run on certain local banks that resulted in brief panic and put the country’s banking sector health into question.
Business & Industry
Bumi deal remains fragile, Bakrie warns
Publicly listed investment firm PT Bakrie & Brothers, the flagship of the influential Bakrie family, said Monday its recent deal to sell a stake in its coal company was still mired in uncertainty and could still fail.
ICIS Copyright © Reed Business Information 2009
Author: Staff Reporter+44 20 8652 3214
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