Market misfire

Article Abstract:

Asian countries have been forced to abandon costly weapons purchasing programmes as a result of the region's economic difficulties. Almost all military modernization programmes have been postponed, and it is likely that very few purchases will be made. Experts believe that the region's armies do not really face any immediate military danger, and this has been reflected in the speed and ease with which military procurement programmes have been put aside. This situation is creating serious difficulties for weapons manufacturers.

National Security, Defense Procurement, International trade, Asia, Military aspects, Defense industry, Defense programs, Military procurement

---

Stranger yet: Cambodia's bank scandal becomes more bizarre

Article Abstract:

The corruption scandal surrounding Credit Bank of Cambodia widened with the revelation of central-bank governor Thor Peng Leath's involvement. He authorized removal of the bank's assets to personal associates after freezing the assets. On June 7, gunmen hired by Credit Bank's chief turned away govt-appointed auditors from the bank's doors, effectively repossessing the assets and calling the govt's sincerity and authority into question. Leath now seems likely to be fired, after accusing his asst of plotting against him.

Savings & Loan Assns, Savings Institutions, Banking industry, Central banks, Savings and loan associations, Cambodia

---

'Duch' confesses

Article Abstract:

The account of Kang Kek Ieu, the former warden of a Khmer Rouge death camp, on the various phases of his life is presented .

China, Beliefs, opinions and attitudes, Ex-communists, Ieu, Kang Kek

Similar abstracts:

• Abstracts: Millions Bubblegum Flavor Candies; Strawberry Candies. Vidal Cogumelos Foam Candy
• Abstracts: Value added: Hong Kong's pattern on Asian values. The Timor gap. The coming China car boom
• Abstracts: Fashion group sets guides to rein in ultra-thin models. In mod we trust: Fashion springs back to the future. Linking up: in Poland, the 'Ladies of Business' change system from inside; women seek to build on record of gains since fall of the wall; from loophole to success
• Abstracts: Smiths Group's future is hazy after venture with GE is dissolved. Husqvarna broadens product line with deal for Germany's Gardena
• Abstracts: A transaction-cost theory of land use planning and development control. Institutional design for sustainable development

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.