In Tuesday's Asia papers
25 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
Doctors, teachers under new graft interpretation
Doctors and teachers may now face bribery charges if they receive monetary and other forms of reward in exchange for favors made through their work, the Supreme People's Court (SPC) and the Supreme People's Procuratorate (SPP) said in a new judicial interpretation issued Monday.
Pulling no punches against domestic abuse
Li Li is a waitress in a Beijing restaurant. She ran away from home a decade ago to escape the beatings from her mother. Now in her late 20's, she is considering running away again - this time to escape her violent husband.
Business & Industry
No new updates
TAIPEI TIMES, Taiwan
Front page
Jeffrey Koo Jr questioned on return
Former Chinatrust Financial Holding Co vice chairman Jeffrey Koo Jr returned to Taiwan yesterday after being on the run for almost two years. He was immediately handcuffed and escorted to the Supreme Prosecutor Office’s Special Investigation Panel (SIP) for questioning.
Export orders drop most since end 2001
The nation’s export orders last month suffered their sharpest drop since December 2001, accounting for a 5.56 percent year-on-year decline, figures released by the Ministry of Economic Affairs showed yesterday.
Business & Industry
Taiwan a ‘victim of success,’ firm says
Silver Lake, a global private investment firm specializing in high technology companies, says Taiwan is a “victim of its own success,” citing the country’s business concentration in saturation, matured markets such as desktop personal computers, motherboards, notebooks and disk drives.
Recession may last until 2011, analysts predict
Taiwan’s projected economic recession may persist into 2011 as external economic shocks continue to deteriorate, analysts said.
KOREA HERALD, South Korea
Front page
N.K. to halt Gaeseong tour Dec. 1
North Korea yesterday notified South Korea that it will suspend inter-Korean tourism in Gaeseong and the cross-border train service starting Dec. 1 in protest of Seoul's policy toward Pyongyang, Seoul's Unification Ministry said.
Lee proposes study on Pacific Rim free trade
President Lee Myung-bak proposed Sunday that Pacific Rim countries begin discussions on multilateral free trade agreements across the region.
Business & Industry
Large companies feel liquidity pinch
Since the collapse of Lehman Brothers in September, President Lee Myung-bak and government officials have been calling for the protection of small and medium-sized enterprises from falling victim to liquidity shortages. As the economic problems deepen, even larger companies are being dragged into the financial quicksand.
Bad economy is good for makers of instant food
Gloom may hover over most manufacturing sectors, but industry experts yesterday said makers of instant foods are profiting on the global economic crisis.
NEW STRAITS TIMES, Malaysia
Front page
Perak yet to make stand
Perak Islamic Religious Department (Jaip) director Datuk Jamry Sury yesterday withdrew his statement that Perak would adopt the National Fatwa Council decision to ban Muslims from practising yoga.
Key rate cut to stimulate spending
Bank Negara Malaysia (BNM) has announced a cut of 25 basis points (a quarter of one per cent) in the Overnight Policy Rate (OPR) to 3.25 per cent to stimulate spending and boost the economy.
Business & Industry
Spending under 9MP going well
Some 65.5 per cent of the Ninth Malaysia Plan allocation had already been spent as at the middle of this month
Malaysia to start giving out RM600m jobs soon
By March 2009, about 80 to 90 per cent of the people-centric infrastructure projects will have been awarded to contractors, says the Implementation Coordination Unit
BUSINESS TIMES, Singapore
Front page
Airbus ready to cut output, boost financing
Airbus is ready to cut output for the first time since the aftermath of the Sept 11 2001 attacks in the United States if the global financial crisis continues to spiral, the planemaker's head said on Monday.
Nikkei rises 1.5% after US shares soar on Citi
Japan's Nikkei average climbed 1.5 per cent on Tuesday after Wall Street soared the previous day as the US government rescued Citigroup, with a weaker yen sparking buying of exporters such as Pioneer Corp.
Business & Industry
October inflation eases on lower petrol prices
INFLATION eased in October as petrol prices fell, data released yesterday by the Department of Statistics shows. But it was still higher than the level most economists had expected, as the price of electricity was hiked 21 per cent last month - the biggest one- time increase in about seven years.
Italian animation studio sets up gaming arm here
LEADING Italian animation production house Rainbow SpA has set up its video gaming arm's headquarters in Singapore.
BANGKOK POST, Thailand
Front page
No new updates
Business & Industry
No new updates
JAKARTA POST, Indonesia
Front page
Obama names Geithner to Treasury
President-elect Barack Obama named his economic team Monday, tapping New York Federal Reserve President Tim Geithner as treasury secretary to deal "an economic crisis of historic proportions."
BBR Nias prepares to hand over the reins
The Rehabilitation and Reconstruction Agency on Nias Island (BRR Nias) has said more projects will continue after its tenure expires next month, including those aimed at alleviating poverty and sustaining the local economy.
Business & Industry
RI bracing for mass layoffs
Rushing to rescue Citigroup, the U.S. government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh US$20 billion into the company.
ICIS Copyright © Reed Business Information 2009
Author: Staff Reporter+44 20 8652 3214
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial
to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free
trial to ICIS Chemical Business.