Vietnam – on the
road to 2020.
Prime Minister Nguyen Tan Dung spells out his vision on energy
security, inflation, infrastructure, future industry and a market economy.
•China, Hanoi deal on South China Sea oil? •That sinking feeling
(again!) – but
investors say Korean stocks and the currency are under-valued. •Weighing up Islam in
Indonesia’s democracy.
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S KOREAN PETROCHEMICAL FIRMS DOWNSIZE OPERATIONS
SEOUL - South Korea's petrochemical makers are pushing to downsize their business operations to contend with a sharp fall in demand, industry sources said. Local petrochemical companies, including LG Chem Ltd. (KSE:051910) and SK Chemicals Co. (KSE:006120), are trying to streamline their operations and sell their subsidiaries to create synergy, the sources said. "A sharp fall in demand for petrochemicals in China has created hard times for local firms since July," said Kim Jong-sung, an official at the Korea Petrochemical Industry Association. "The deepening global economic downturn has also had a negative impact on petrochemical firms" (Asia Pulse).
Oil dispute at flashpoint – Burma, Bangladesh send in the
warships. China and Vietnam, Sabah and Brunei, Malaysia and Indonesia, and Thailand
and Cambodia are also at loggerheads in the South China Sea.
•
Brunei needs rethink as oil, gas resources dwindle
•
China manufacturing output down as orders plummet
•
Thai farmers offer long-term anchor for economy.
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