On the launch pad: Asean ministers set countdown to freer trade

Article Abstract:

Economic ministers of the Asean member nations agreed to cut the tariffs on 15 product categories for 15 years beginning Jan 1, 1993. The agreement, which was reached at the October 22 to 23, 1992, meeting in Manila, implements the plan for a Common Effective Preferential Tariff for categories including cement, chemicals, pharmaceutical preparations, fertilizers, vegetable oils and plastics. The preferential tariff would also be applied to other processed agricultural and manufactured products exchanged within the Asean Free Trade Area.

Economic aspects, Economic policy, Regionalism, Association of Southeast Asian Nations, Tariff preferences

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Field of dreams

Article Abstract:

Gateway Property Holdings chairman Geronimo de los Reyes has an impressive start on turning his Gateway Business Park into the Philippines' Silicon Valley. Nine large hi-tech investors, giant US chip maker Intel chief among them, have signed on in the past six months, citing the country's wealth of trained engineers and technicians among other factors. The Philippines once led the region in semiconductor operations, but now lags. Still, in 1995 $3 billion worth of semiconductors made up 17% of national exports.

High technology industry, Industrial districts

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Lying low: Singapore keeps its head down in the Philippines

Article Abstract:

The continuing dispute between the Philippines and Singapore over the latter's execution of Filipino maid Flor Contemplacion is coloring business relationships. Ayala, a Philippine company, has extensive deals with Singapore firms that are on hold because the Singapore employees have left the country temporarily. Moreover, Ayala needs its Singapore allies to back its claims that a recent joint arrangement to buy Fort Bonifacio failed due to an improper bid on the part of the winner.

Singapore, Philippine foreign relations, Ayala Corp., Singapore foreign relations

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