HONG KONG NEWSPAPER HIGHLIGHTS - DEC 1, 2008.

HONG KONG, Dec 1 Asia Pulse - Highlights of today's newspapers:

SOUTH CHINA MORNING POST:

- Private equity giant Kohlberg Kravis Roberts planned to invest about US$300 million in a greenfield dairy business on the mainland, market sources said, as the industry tries to recover from the tainted milk scandal.

- Three mainland-based companies have shelved plans to spin off their subsidiaries as the worsening financial crisis dampened investor sentiment, market sources said.

- The tinsel and carols have gone up to signal that Christmas is on the way, but for John, a banker, the past few weeks have been "a logistical nightmare".

- Almost 6,000 people in Hong Kong have lost their jobs in the past six weeks as the impact of the global financial crisis flowed into the real economy.

- Shopping hours at The Landmark in Central may be extended, Hongkong Land's head of retail properties, David Martin, says.