InfoAnda - SKorean president vows to kickstart slumping economy

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

NZ April commodity prices hit record high | 3 May 2010
Singer Etta James terminally ill | | 18 December 2011
Rhodes Scholars named for 2010 | 22 November 2009

Rate of German E.coli cases slows, tests inconclusive | | 7 June 2011

">Forum Views () ">Forum Replies ()

Read more with google mobile : SKorean president vows to kickstart slumping economy

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: SKorean president vows to kickstart slumping economy AFP - 2 hours 50 minutes ago SEOUL (AFP) - - South Korea's President Lee Myung-Bak said Friday his government will step up efforts to bolster the slumping economy, including boosting liquidity and introducing tax cuts. His comments come as Seoul struggles amid the world financial meltdown, which has hit South Korea hard. "Any country or individual in the world was unable to foresee the start of this global economic crisis. Likewise, no one is able to predict when it will end," Lee said during the live address. "There is a forecast that the economy will start getting better in the latter half of this year. I will do my best to make sure this positive outlook will come true," he added. He said last week that South Korea had sealed currency swap deals with China, Japan and the United States worth a total of 90 billion dollars. "Now, voices expressing concerns about South Korea's foreign exchange reserves have died down," he said. But the won weakened sharply in the first trading day of the new year, trading at 1,322 won per dollar in mid-morning, compared with 1,259.5 won the previous trading day, as demand for the greenback rose for import settlements. Lee said the government will give priority to easing the credit crunch, noting that Seoul has already been funnelling more than 20 trillion won (15 billion dollars) into banks for this purpose. Financial support to small and medium-sized enterprises (SMEs) will be increased by more than 11 trillion won. For SMEs that place workers on temporary paid leave instead of laying them off, the government will shoulder up to three quarters of their wages to avoid unemployment, Lee said. The government will also ease regulations and cut taxes to encourage investment while spending 60 percent of this year's budget in the first half of the year to bolster demand. The Ministry of Strategy and Finance said in its Outlook and Policy Outline for 2009 that growth next year would be "more or less three percent," compared with last year's expected 3.6 percent. Even the revised growth target is one percentage point higher than the central Bank of Korea's prediction of two percent made earlier this month. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy TOPWRAP 1-China, India, Russia factories slash output, jobsReuters - 15 minutes ago SKorea swings to trade deficit in 2008AFP - 2 hours 46 minutes ago SKorean president vows to kickstart slumping economyAFP - 2 hours 50 minutes ago Alstom boss says world should not buy Chinese trains: reportAFP - Friday, January 2 Related Articles: Business Nokia CEO to favour profit over sales targets - FTReuters - 14 minutes ago TOPWRAP 1-China, India, Russia factories slash output, jobsReuters - 15 minutes ago Oil falls to below $42 a barrel in AsiaAP - 22 minutes ago CORRECTED - CORRECTED-Malaysian stocks pre-open session hit by technical gliReuters - 32 minutes ago Russian December oil exports rise 18 pct m/mReuters - 50 minutes ago Enlarge Photo SKorean president vows to kickstart slumping economy Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Rare Bugatti untouched for 50 years could fetch millions: report NASA describes final moments of Columbia tragedy Hamas defiant as Israel rejects Gaza truce Actress Jennifer Aniston appears naked in GQ magazine Japanese tourist spends 3 months in Mexico City airport View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Friday, 2 January 2009
Israel kills top Hamas figure, escalating campaign
Iran Nobel laureate accused of Israeli bias: activist | International |
Rare Bugatti untouched for 50 years could fetch millions: report
Comedian Dane Cook's Half Brother Accused Of Embezzling Millions
Microsoft blames leap year for Zune glitch | Technology |
Chinese textile firms see first profit fall in 10 years: state media
SKorean fools finger printing system at Japan airport: reports
S.Korea Dec exports disappoint, rate cuts loom
Timeline of the violence in Sri Lanka
Indian inflation at nine-month low of 6.38%
Taliban ambush kills 20 Afghan police
Man nabbed for robbing at least 10 convenience stores
Sri Lanka says it is about to seize rebel capital
Notable deadly nightclub fires
Nielsen SoundScan: Total U.S. Album Sales Reached 428 Million In 2008
NYP introduces life—like child mannequins to train nursing students
Taiwanese calligraphers ring in new year with record attempt
Hong Kong people most pessimistic about 2009: survey
Alagna, Gheorghiu ring in the new year at the Met
Egypt FM: Hamas must stop rockets in any truce
Israeli strike kills senior Hamas leader | International |
Israelis feel empowered by attacks against Hamas
Australia says considering Guantanamo prison intake | International |
Communist Cuba celebrates 50 years of Revolution
Beatles to zombies, videogamers set for varied '09 | Technology |
Singapore lowers economic growth forecast to —2.0%
Dozens die in New Year's nightclub fire in Bangkok
Singapore says economy to shrink 1-2 pct in 2009
Pakistan says no confession in Mumbai probe
Time Warner, Viacom reach deal in principle over fees dispute
Londoners beat hangovers to watch New Year's Day parade
Thousands of Dutch brave cold for New Year's dip in the sea
Four take New Year's plunge into Tiber
Welcome to Hawaii Pacific Teleport
Welcome to Hawaii Pacific Teleport
At least three dead in Pakistan missile strike: official
Suspected U.S. drone attack kills three in Pakistan | International |
Israel continues pounding Gaza targets on day 7 of blitz
China dairy firms plead for forgiveness in New Year | International |
Iraq takes control of Green Zone, US troops
Castro says Cuba revolution faces years of struggle | International |
S.Korea exports slump, govt says 2009 may be worse | International |
U.S. forces under Iraq mandate, hand over Green Zone | International |
S.Korea MPs try to end impasse on U.S. trade deal
Acquittal appealed in Indonesian activists' murder
Catholic paper fights Malaysia gov't language curb
Seoul shares end up on auto, shipbuilding issues
Thousands of Australian Muslims rally for peace in Gaza
Pakistan targets 565 bln rupees in T-bill auctions
Australian researchers claim breakthrough on dengue fever
Nokia CEO says focus on profits: FT | Technology |
SKorea swings to trade deficit in 2008
China Mobile soars after 3G approval; pushes HSI up | Technology |
Australia 'unlikely' to accept Guantanamo detainees: govt
SKorean president vows to kickstart slumping economy
Sri Lankan troops enter Tiger HQ
Alstom boss says world should not buy Chinese trains: report
Oil prices start new year lower
South Korean won down on gloomy export forecasts
Korea Hot Stocks-Shipbuilders, KT rise; banks retreat
Survivors recall horror of Bangkok blaze as mourners pray
Sri Lankan troops enter Tiger political HQ: official
Japan markets closed for New Year holidays
South Korea sees 2009 export growth at 8-yr low
Sri Lanka: troops enter rebel headquarters.
Heath Ledger 2008's biggest movie story: poll | Entertainment |
French actress Huppert to head Cannes film jury | Entertainment |
August date for Quentin Tarantino World War II movie | Entertainment |
Matt Dillon arrested for speeding in Vermont | Entertainment |
Isabelle Huppert to head Cannes jury: organisers
India says Pakistan attitude unchanged on militants | International |
Europe's gas flowing day after Moscow cuts off Kiev | International |
No let-up in Russia gas standoff with Ukraine
Thai police say cause of club fire still unclear | International |
Sri Lankan troops capture Tamil rebel capital
Sri Lanka says troops capture rebel capital | International |
Paulson 'blames global imbalances for credit crisis'
Parents of China milk scandal victims detained | International |
HK stock index up 4.6 pct in first session of 2009
South Korea exports slump, 2009 outlook gloomy
Beatles to zombies, videogamers set for varied '09 | Technology |
Sri Lanka says troops have captured rebel capital
M’sia wants to work with S’pore to boost regional tourism
China manufacturing sector close to recession: CLSA
Bumper year for Nepal tourism in 2008: official
MINDEF employees, SAF active servicemen insured for $100,000
Stores Ease Returned Merchandise Policies
Obama Ends Hawaii Vacation; To Check Into Historic D.C Hotel Sunday
Police probe Thai nightclub fire that killed 61
Steel Industry May Seek Stimulus Package From Federal Government
One of 2 S’poreans still unaccounted for following Bangkok fire
Man, Woman Killed In Crash At Joliet Regional Airport South Of Chicago
Thousands of Indonesians stage anti-Israel rally
Former Sen. Clairborne Pell, Of Pell Grants, Dies At 90
MobileOne says CEO to step down
Muslim Family Removed From Plane Due To 'Suspicious' Remarks
Catholic newspaper threatens action against Malaysia govt
Taylor Swift tops album chart for 4th week | Entertainment |
Viacom and Time Warner reach deal to avoid blackout | Entertainment |
France's Isabelle Huppert to head Cannes film jury
Foundation turns rubbish into legs for Thailand's needy
ENERGY's alternative life
Wong Kar Wai reveals hopes of Brigitte Lin's comeback
Zhang Ziyi sees psychiatrist in Beijing
Chen Diya sees hope for debut album in 2009
Israel keeps ban on foreign journalists in Gaza
Suicide bomber kills 23 near Baghdad
NKorea resumes anti-US rhetoric
India unveils second economic stimulus plan
'Three dead' in Pakistan missile strike
Chinese cargo ship outruns pirates in Gulf of Aden: state media
India central bank cuts interest rates
Chinese melamine victims call for help in hastily-arranged briefing
SKorea auto industry posts modest sales increase in 2008
Psychotherapists Cite Financial Stress As Leading Issue Among U.S. Patients
S’pore toll from Santika Club fire goes up: 1 dead, 3 injured, 2 missing
India announces new stimulus plan to boost economy
Hospitals Not Recession-Proof Tennessee Hospital Survey Reveals
Cigarette smugglers nabbed at Woodlands Checkpoint
Federal Commission Eyes 50 Percent Hike In Fuel Tax
Bukit Panjang Govt High School moves into S$25m upgraded premises
Pharmaceutical Research & Manufacturers Issue New Rules Cutting Off Gifts To Doctors
Thai police probe club fire that killed dozens
Obama To Host Inaugural Ball For Nation's Military
California Plans Leaner Bureaucracy To Cut State Budget Gap
More City Dwellers Raising Chicken As Pets
2 Madrasahs under the Joint—Madrasah System stop Primary One intake
Good movies, prices help Hollywood in recession | Entertainment |
AT&T Offering Refurbished iPhone For $99
Diamonds Found In Soil Offer Clue About Comet
Growing Number Of U.S. Urban Residents Turn To Chicken As Household Pets
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01