Singapore (AP) - A consortium of four companies announced Feb. 23 it would begin
televising business news to Asia by satellite later this year. To be known as Asia
Business News, the channel is to broadcast from Singapore in English using Indonesia's
Palapa satellite, reaching markets in Hong Kong, Indonesia, Thailand, Taiwan, and
Asia Business News (Singa-pore) Pte. Ltd. is owned 36 percent by Television New Zealand
Ltd., 36 percent by Telecommunications Inc. of the United States, 18 percent by Business
News Network Ltd. of Hong Kong and 10 percent by Singapore International Media Ventures
Pte. Ltd. of Singapore.
Vietnamese Workers Protest Korean Bosses
HO CHI MINH CITY, Vietnam (AP)-Vietnam and South Korea have been trying to increase
economic ties, but a strike and other protests at Korean-run factories in Ho Chi
Minh city have shown they're not getting along in the work place.
About 680 workers at the Ree Young company, a Vietnamese-South Korean joint venture
that manufactures luggage, dropped their tools for about three hours on Feb. 6 to
protest what they said were substandard wages, forced overtime and brutal treatment
by their Korean bosses.
It was the largest wildcat strike since Vietnam's foreign investment law was promulgated
five years ago, the Saigon newspaper reported last week.
Vietnam And Malaysia Tie Shoe Deal
KUALA LUMPUR, Malaysia (AP) - The Saigon Shoe Factory of Vietnam signed an agreement
on Feb. 18 with Bata (Malaysia) Ltd. to manufacture 100,000 pairs of shoes a month
for Bata, the national news agency Bernama reported.
Under the 1.5 million ringet (U.S. $577,000) contract, Bata will provide SSF with
the necessary plant equipment, raw materials, components and technical expertise
at SSF's factory in Ho Chi Minh city,
The Vietnamese factory is to provide the required factory space and work force, and
95 percent of the shoes are to be exported to Europe, it added.
Taiwan And Malaysia Strengthen Trade Ties
TAIPEI, Taiwan (AP) - After years of negotiations, Taiwan and Malaysia signed an
agreement on Feb. 18 to enhance investment protection despite the absence of diplomatic
The agreement, signed by Huang Hsin-Pi, Taiwan's representative in Malaysia, and
his counterpart Syed Manson Barakbah, secures investors' rights with regulations
on expropriation, repatriation of investments and settlement of investment disputes.
"The agreement will encourage investments in Malaysia and boost our trade with
Malaysia," Huang said.
Barakbah said he expected Taiwan to have more confidence in their investments, adding
that his country welcomes high-tech investments from this island.