Ready for plucking
Article Abstract:
The bad financial performance of Innovest has prompted its creditor banks to demand immediate payment of their loans to the firm. Innovest is the operator of the Kentucky Fried Chicken (KFC) franchise in Malaysia. Its net losses in Malaysian dollars for three consecutive years ending in Dec 1991 werereported to be 10.1 million, 21.9 million and 42.5 million. A sign that the company is really in bad shape was the selling by magnate Tan Sri Khoo Kay Pengof his 20% stake in the firm for 61 million Malaysian dollars. Shrewd Malaysianinvestors await on the sidelights for Innovest's decision to sell its prized assets, which include the lucrative KFC franchise.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Apec chooses Singapore
Article Abstract:
The Asia-Pacific Economic Cooperation (Apec) group will set up its headquarters in Singapore instead of in Bangkok, Thailand. The terrible traffic jams in Bangkok reportedly precipitated the forum officials' decision to make Singapore the site for the headquarters. Apec is an organization of 15 nations which aims to serve as venue for the discussion of economic concerns of its member-countries.Among the nations that comprise Apec are New Zealand, Canada, Brunei and Australia. Budget set for the initial operations of the Apec office is $2 million.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Green is a buy signal
Article Abstract:
Investment in Thai companies producing environmentally safe products and operating environmentally friendly facilities has good prospects. Investment in 'environmentally safe counters' has been forecasted to become an important strategy in Asia where rapid industrialization is adversely affecting the environment. In Thailand, enactment of environmental conservation measures is underway and is expected to boost environment-friendly business enterprises.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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