Out of the quagmire
Article Abstract:
By working with the World Bank the Philippines may have found a way past the dead end reached by the build-operate-transfer (BOT) arrangement the country pioneered. BOT has worked well since its 1991 inception, resolving the power crisis in three years, but new, large projects were threatened by both huge up-front costs and political risk. Manila officials have announced plans for a Private-Sector Infrastructure Development Fund that will tap global capital with the World Bank guaranteeing against political risk.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Change at the top
Article Abstract:
Philippine Pres Fidel V. Ramos has announced Central Bank Gov Jose Cuisia's plans to resign from his position in 1993. Cuisia had earlier expressed his disenchantment with his position. Cuisia is reportedly accepting an offer to join the private sector after his resignation. Cuisia's resignation from his position is expected to result in some instability for the financial market in the Philippines.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Pop politics: all play, little debate at 'festival of democracy'. No surprises: election confirms Golkar's firm grip on power
- Abstracts: Money is power: cost of politics escalates with more democracy. Free to prosper: president stresses democracy and economic growth
- Abstracts: Rich in reserves: Hongkong reveals its robust financial health. Niche player: Hongkong LCD maker exploits proven technology
- Abstracts: Protest notes: popular anger grows over draft constitution. New calls for democracy: Shan area minorities shun Rangoon's constitution
- Abstracts: Embarrassment of riches: bigger reserves will increase losses. A nettle to grasp: remedies may be politically unpalatable