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) Don't Wait For New Govt To Address Crisis, Says Sonthi
BANGKOK, Oct 19 (Bernama) -- Thailand's Deputy Prime Minister Sonthi Boonyaratkalin said no one should wait for the next government to deal with grave national problems such as disasters and insurgencies. Speaking in support of legislation to increase the decision-making authority of the Prime Minister in times of emergency and crises affecting national security, Gen. Sonthi said nobody should leave it all to a post-election government to decide what to do with possible natural disasters, insurgencies or international terrorist acts, which might arise at any time because those problems need to be addressed on emergency basis. Quoting Sonthi, the Thailand news agency (TNA) reported Friday that whether or not the legislation becomes law will depend entirely on the National Legislative Assembly to decide after it had earlier passed cabinet approval. More>> - (
) Wall Street sends Aussie market tumbling
The market is down a big 147. The SFE Futures predicted a 155-point fall in the market this morning on the back of heavy losses from Wall Street on Friday. The market is concerned about a US recession after Caterpillar warned that the US housing downturn was spreading to other parts of the economy and financial group Wachovia said it sees more credit troubles ahead.The Dow Jones was down 366 on Friday. It moved in a 377-point range and finished 2.7 per cent lower on Friday – the 20th anniversary of the 1987 crash – on the back disappointing earnings results and growing concerns that the credit market will continue to hurt the economy. Wachovia, Caterpillar and Honeywell International all disappointed with their earnings results. Google gained despite the NASDAQ losing 2.6 per cent - four brokers upped their recommendations and target price on the stock after it announced a better-than-expected 46 per cent increase in earnings after the market closed on Thursday. More>>
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) 22-10-2007: Legal eagles spreading wings across region
PETALING JAYA: The RM50 billion Asian legal services market is inspiring Malaysian law firms to spread its wings abroad, as the prospects are too lucrative to ignore.Two weeks ago, the country's largest law firm Zaid Ibrahim & Co teamed up with Singapore-based Allen & Gledhill LLP in a strategic alliance to create a pan-Asean legal solution provider.
Although not the first in the country to do so, it has sparked interesting discussions. The alliance between Zaid Ibrahim & Co and Allen & Gledhill LLP is merely another step to turn it into a serious player in the Asean legal market.
Zaid Ibrahim already has offices in Bangkok, Jakarta and Singapore. Vietnam is its next destination, which will likely be a very lucrative one considering that many Malaysian and Singaporean businesses have relocated or are moving there. More>>