Asia makes eastern Europe look greener
Article Abstract:
Australia is investigating the economic opportunities in eastern Europe as the Asian economic downturn continues in 1998. Gross domestic product growth rates reach more than 5% in many countries, labor costs are low and privatization opportunities are many. Poland, the largest regional economy except for Poland, has attracted investment from Lend Lease, Boral, Pacific Dunlop, Amartil, Amcor and Southcorp, since 1990.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1998
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Open-market veteran plans to stay in Asia
Article Abstract:
Andrew Leeming joined Hong Kong-based Peregrine investment bank in Jun 1997. The bank filed for liquidation on Jan 12, 1998. It had a $400 million exposure in Suharto family-associated Steady Safe, a taxi company. The brokerage division, the corporate finance division and the derivative division are solvent and up for sale. Leeming wants to remain in Asia.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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