Hong Kong's economic outlook suddenly looks brighter

Article Abstract:

Hong Kong has the potential for an economic growth due to the recent developments in its political structure. Economists express confidence in the nation's economy based on studies which showed this trend. Employment rate increased from 1.2% in 1995 to 1.9% in 1996. Another factor which may contribute to its growth is the increasing number of skilled and educated workers. The new housing regulation also allows affordable housing for both private and public housing developments.

Gross National Product, Economic development, Hong Kong

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State unveils plans to merge, modernize banking sector

Article Abstract:

Indonesia's Finance Ministry may push its plan to merge non-performing state banks to strengthen its financial standing. The state banks were evaluated as underperforming in their financial and debt repayment schemes. Press reports reveal plans of a privatized Bank Negara Indonesia acquiring Bank Tabunan Negara, while Bank Dumi Daya is about to merge with Bank Degang Negara. The mergers are said to be a government strategy to modernize the country's banking system.

Commercial Banking, State commercial banks, State Banks, Acquisitions and mergers, Indonesia, State-chartered banks

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