At-Risk Sectors May Get Tax Benefit

Tuesday, December 09, 2008

According to a report from The Korea Times, the Korean government is looking at ways to help ``at-risk'' businesses during the economic slowdown. One measure being considered is government assistance to major shipbuilding and petrochemical companies, to help them weather what may turn out to be a very difficult business environment in 2009.

(Source: The Korea Times)


Shipbuilding

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Michelle Obama Sponsors Attack Submarine

General Dynamics Electric Boat has delivered to the U.S. Navy an attack submarine that is sponsored by first lady Michelle Obama and will be named for her home state, reports AP.

 
 
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