Remote control: China expands reefs to extend claims
Article Abstract:
Chinese claims on the Mischief Reef are expanding even more rapidly than the structures it has put up there, to the distress of Philippine officials. It has four platforms there, each with up to five bunkers and a dish antenna, and at least 30 people. Beijing plans to claim the submerged reef counts as land, thereby giving it 1,500 sq km of territorial waters around the reef and 430,000 sq km of special economic zone. It may want to develop a naval base there, or set up to exploit suspected huge oil reserves.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Mall mogul
Article Abstract:
Jose Go's low-income shopping malls and stores may make him the Philippines' next Henry Sy as well as helping to revitalize run-down areas. In addition to eight supermarkets and department stores and two malls, his 38 companies own an exclusive golf-club resort serving the country's wealthiest people. Another mall will open in Aug 1995 in Cainta town, and he owns land slated for five more, all using small margins but large columns to pursue the money of the increasingly wealthy working class.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Aid with strings
Article Abstract:
The US Agency for International Development is funding a programme entitled 'Growth With Equity in Mindanao', a 20 million dollar 5-year project to improve the Filipino island of Mindanao. A private contractor, Louis Berger International, with Antonio Peralta, ex merchant banker, at the helm, is running the development programme like a business, rather than an aid mission, and has to achieve fiscal targets and satisfy performance criteria to avoid penalties.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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