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HONG KONG, Nov 3 Asia Pulse - Highlights of today's newspapers:
SOUTH CHINA MORNING POST:
- With the US market sinking into recession and import orders declining, mainland toymaker and electrical appliance producer Kin Yat Holdings is accelerating the relocation of labour-intensive manufacturing activities to lower-cost Shaoguan in Guangdong province.
- Entrepreneur Allan Zeman has renounced his Canadian citizenship and has become a naturalised Chinese citizen.
THE STANDARD:
- Hongkong and Shanghai Banking Corp has warned that banks should remain cautious about lending to small and medium-sized enterprises, although different sectors are demanding credit relaxtion for SMEs.
- Hong Kong stocks are likely to further stabilize this week as they ...
Source: HighBeam Research, HONG KONG NEWSPAPER HIGHLIGHTS - NOV 3, 2008.