How to be inscrutable: offshore financial institutions scramble to manage Asia's private wealth

Article Abstract:

Offshore banks are institutions that enable investors to lessen taxation of their income. Depositing funds in offshore institutions is a safety measure against unfavorable political and economic developments. These institutions are located in tax havens around the world. Tax havens are places where taxes are very low and registration of corporations is easily and inexpensively accomplished. The Asian region is an important source of offshore investments because of the wealth of the overseas Chinese. Offshore banks are in tax havens such as Hongkong, the British Virgin Islands and the Cayman Islands.

Services, Investments, Location, Tax havens, Foreign banks

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Divide and conquer

Article Abstract:

Personal conflicts between key persons in the Philippines' Manila and Makati stock exchanges are preventing the unification of the two bourses. In 1991, the Manila Stock Exchange withrew support for the Capital Markets Development Council, set up precisely to break the deadlock on unification, over the choice of its chairman. In addition, small brokerages are against unification as it will eliminate money-earning arbitrages between the two exchanges. These will delay further the Securities and Exchange Commission's six-year running campaign for unification.

Management, Stock-exchange, Stock exchanges, Manila Stock Exchange, Philippines. Securities Exchange Commission, Makati Stock Exchange Inc.

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Osaka's big bet: Japanese city vies to be Asian gateway

Article Abstract:

The 360,000-square-meter Asia and Pacific Trade Center complex is under construction near the port of Osaka. Public officials of Kansai Prefecture, of which Osaka is the largest city, hope that consumer goods suppliers from all over Asia will set up business in the complex to sell their goods to Japanese firms. In the process, Osaka will lessen its dependence on traditional smokestack industries and small business firms. The $1.1 billion complex is being promoted as a future clearing house for garments, interior-design articles and leisure products.

Planning, Buildings and facilities, Commercial buildings, Osaka, Japan, Kansai, Japan

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