A BLIP ON THE EXPORT RADAR SCREEN
Article Abstract:
Exports from India are on the upswing. It registered an increase of 3.81 percent in November 1998 over exports in November 1997. In the period between October to December 1998, exports spurted by 5.67 percent as against a decline of 3.3 percent in the October-December period of 1997. Total value of exports from India is expected to be about three percent higher than the $833.9 billion recorded in 1997-98. However, an increase in exports for two months is nothing to gloat about. It is nowhere near the scaled down 15 percent increase predicted by the Government. During April-December 1998, exports totaled only $24.29 billion, 2.2 percent lower than the $25.01 billion recorded in April-December 1997. The recent increase in exports is chiefly due to export of traditional low tech items like non- basmati rice (up by 48 percent), leather and leather garments (39.8 percent), gems and jewellery (33.5 percent), ready made garments (11 percent) and minerals (5.44 percent). Exporters however point out that the Government should resolve their problems to boost exports. (uh)(psr)
Publication Name: BusinessWorld
Subject: Business, international
ISSN:
Year: 1999
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Philippine oil ruling hurts Petron as debt slick looms
Article Abstract:
Petron Corp. of the Philippines is being rejected by stock-market investors as a good buy. The refining company was affected by a recent Supreme Court decision to spurn deregulation. The ruling means that the firm has to resort to unsettled subsidies by the government, soaring tariffs for fuel import, and controlled prices of gasoline. The oil company has unhedged foreign-currency debt of around $700 million. Analysts feel that that its unlucky bets on the strength of the peso had a negative effect on the firm.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Recent turmoil is a mere blip in Philippines' surge
Article Abstract:
The Philippines have sound economic fundamentals that will allow it to weather the current financial crisis besetting Southeast Asian economies. The country has a banking system well supervised by an autonomous central bank which derives its mandate from the constitution. Morgan Stanley, for instance, rates the country's banks as "above average," citing the relative smallness of their lending to the real estate sector.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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