Business Asia

A quarterly business journal covering regional economic trends and opportunities for doing business in Asia. Includes market intelligence, news by industry sector, analysis of laws and regulations and their business impact, and in-depth company case studi

Articles from Vol. 6, No. 24, December 14

Airlines Fighting to Stay Afloat
The resuscitation of Asia's oldest carrier, Philippine Airlines (PAL), after a brief closure has drawn most of the industry's recent headlines -- but other carriers are by no means in the clear. Despite a reprieve, PAL -- overwhelmed by labour disputes...
Anwar's Calculated Dismissal
Western critics have roundly condemned Malaysian Prime Minister Mahathir Mohamed's decision to oust his deputy Anwar Ibrahim and impose capital controls. GANESH SAHATHEVAN(*) begs to differ The recent dismissal of Malaysia's Anwar Ibrahim from his...
Big Spending, Fast Growth in China
Infrastructure spending has played such a significant role in the Chinese economy this year that it has been credited with maintaining levels of growth at around 8 per cent. Commonwealth Financial Services strategist Mr Robert Hogg said China's...
Firms Put Screws on Business
Many businesses around the world have clamped down on travel expenditure in the past year as a result of economic problems, according to a new survey. Nearly 90 per cent of frequent travellers polled say they are now bound by some form of corporate...
Food Firms Get Taste for the Web
* Sydney -- More than 400 Australian food companies are set to reap the rewards of an Internet export initiative developed by the food industry, Supermarket to Asia Council and Telstra. FoodConnect Australia has been designed to connect international...
Huge Asia Deals in Pipeline
Australian opportunities to tap into huge Asian private infrastructure projects should start to increase late next year as the regional financial crisis eases, according to a new report by the Department of Foreign Affairs and Trade (DFAT). However,...
In Brief
* Sydney -- Building group James Hardie has continued its fibre cement expansion policy with the opening of a US$31.65 million plan in the Philippines. James Hardie said the new plant would enable the company to capitalise on the growing market for...
Island Getaway Targets Corporates
Business travellers wanting to escape the rigours of work have a new option on a tiny west coast Malaysian island that is being touted as the "Carribbean of the East". The Malaysian Government's recent approval to grant one-year visas on arrival...
Japan May Spark Global Recession
Japanese banks crucial to growth The world faces a "substantial risk" of falling into recession in the new year if Japan's recovery program fails, the World Bank claims in its annual economic outlook. Although it is "most likely" the world will...
Location Must Be Spot On
A hotel's location is becoming increasingly crucial to staying competitive in a market affected by reduced intra-Asian travel and room oversupply, according to global hotel chain, Accor. The group general manager of sales and marketing for Accor...
Ramos Renounces `Neo-Colonial' Path
Western economies must cooperate with Asia and avoid the temptation to treat developing countries as "neocolonies" if the region is to recover from its current financial crisis, according to former Philippines president Fidel Ramos. Mr Ramos urged...
Stock Rally May Hinder Reform
The good news is that Asia's stock markets are rallying. The bad news is that some nations believe they can go back to their old ways Troubled Asian economies must resist the temptation to use Asia's stocks rally as an excuse to delay reform, and...
Sydney, HK Top Survey of Host Cities in Asia
A study has named Sydney and Hong Kong as the top international meeting host cities in the Asia-Pacific region. The American Express 1998 Business Travel Trends and Forecasts report for the Asia-Pacific region lists Sydney as the number one host...
Travel Costs Likely to Soar in '99
A new study indicates business travellers will pay the price next year for Asia's economic ills. LISA PANOZZO reports Regional business travellers can expect expenses to soar next year as slower economic growth, takes it toll on travel vendors,...