In Friday's Asia papers
21 November 2008 01:00 [Source: ICIS news]
ASAHI SHIMBUN, Japan
Front page
Facing LDP ire, Aso retracts his hip-shooting remarks
Facing a backlash from fellow members of his ruling Liberal Democratic Party, Prime Minister Taro Aso was forced to backpedal Thursday on a string of controversial comments he made the previous day.
Evidence points to same killer in knife attacks
Witness accounts, phone records and crime scene evidence have strengthened suspicions that the same killer carried out two brutal attacks at the homes of retired welfare ministry bureaucrats.
Business & Industry
No new updates
CHINA DAILY, China
Front page
Top labor official: Jobs outlook turns grim
The already bleak employment situation may take a turn for the worse early next year as the global financial crisis takes a toll on the national economy, the country's top labor official said Thursday.
Migrant workers bear brunt of crisis
Migrant workers bear brunt of crisis
To go home, or not to go home: that is the question for Huang Bingnan. The 31-year-old and his wife lost their jobs in a machinery factory in Dongguan last month.
Business & Industry
No new updates
TAIPEI TIMES, Taiwan
Front page
Recession looms as GDP contracts in third quarter
The government raised the specter of a recession yesterday after reporting that the economy contracted in the third quarter and could shrink further in the coming quarters.
Cabinet passes consumer voucher plan
The Cabinet yesterday approved the consumer voucher scheme proposed by the Council for Economic Planning and Development (CEPD), but made a few changes to make using the vouchers more convenient.
Business & Industry
Recession looms as GDP contracts in third quarter
The government raised the specter of a recession yesterday after reporting that the economy contracted in the third quarter and could shrink further in the coming quarters.
Cabinet passes consumer voucher plan
The Cabinet yesterday approved the consumer voucher scheme proposed by the Council for Economic Planning and Development (CEPD), but made a few changes to make using the vouchers more convenient.
KOREA HERALD, South Korea
Front page
Won, stocks sink on U.S. losses
The Korean won nosedived against the dollar and Japanese yen yesterday, as massive overnight losses on Wall Street sparked a selling spree on bourses across Asia.
FSC chief hints at reshaping banking sector
The nation's top financial regulator hinted yesterday that local banks faltering from a liquidity crunch could face restructuring.
Business & Industry
Low debt, high returns key to survival
Corporations with a low debt ratio and the ability to generate high returns on net worth are most likely to survive the worst financial crisis in 80 years, according to an industry expert.
Hana HSBC Life expects growth
Hana HSBC Life's senior executives said yesterday that the company expects to see a 40-percent growth next year by launching a new product and utilizing strong bank insurance channels.
NEW STRAITS TIMES, Malaysia
Front page
Razak Baginda: Nothing can change truth
Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor never met Altantuya Shaariibuu, Abdul Razak Baginda said yesterday.
Run-Up to Umno General Assembly: More states throw in their lot with Shahrizat
The majority of Perak Wanita Umno members will back Datuk Seri Shahrizat Abdul Jalil for the movement's top post in the party elections in March next year.
Business & Industry
Malaysia may relook short selling
Malaysia may refine rules that govern the regulated short selling of shares, making it a more useful hedging tool for investors, Securities Commission (SC) chairman Datuk Seri Zarinah Anwar said.
Idris to remain MAS boss for 3 more years
Datuk Seri Idris Jala (pic) will stay as the boss of Malaysia Airlines (MAS) for another three years, helping the airline to steer through an industry battered by volatile fuel prices, a slowing global economy and stiff rivalry.
BUSINESS TIMES, Singapore
Front page
S'pore dollar slips after data confirms recession
The Singapore dollar slipped slightly on Friday, but stayed firmer than the previous day's 15-month trough, after data showed the economy was weaker than initially estimated in the third quarter.
China fund in talks for stake in AIG unit
A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a 49 per cent stake in American Life Insurance Co (Alico), a unit of AIG, in a deal that could be worth up to US$10.6 billion, Japan's Nikkei business daily reported on Friday.
Business & Industry
Asian currencies crumble under fire
Asian currencies came under heavy fire against both the US dollar and Japanese yen yesterday, torpedoed by another heavy Wall Street sell-off that spilled over in bloody fashion into Asian bourses.
Wednesday rout brings fear of Black Monday
THE plunge in US stocks on Wednesday dealt a double blow to Wall Street investors who had been hoping not only that the market had bottomed last month, but that the massive government interventions in the US and abroad had at least stabilised financial markets.
BANGKOK POST, Thailand
Front page
No new updates
Business & Industry
No new updates
JAKARTA POST, Indonesia
Front page
No new updates
Business & Industry
No new updates
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