Southeast Asian boom sparks inflation concerns

Article Abstract:

The rapid growth of Southeast Asian economies has been accompanied by concomitant inflation. While Thailand recorded a 6.1% increase in consumer prices in Aug. 1995 over the previous year, consumer prices in the Philippines were up by 8.4% during the same period. Some economists, however, remain optimistic despite the prevailing inflation. They contend that the region's annual growth rate of about 6% to nearly 10% and Southeast Asian countries' proven ability to contain inflation are enough to guarantee continued economic expansion.

Economic aspects, Economic development, Inflation (Finance), Southeast Asia, Inflation (Economics)

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Vietnam's sandal king aims to build family business into a conglomerate

Article Abstract:

Binhtien Imex Corp. Pte. founder Vuu Khai Thanh has successfully transformed his company into Vietnam's largest sandal manufacturing firm. Vuu also has plans to expand Binhtien Imex's product line to include sports and casual shoes, which will be sold to China and other Asian countries. However, Vuu's most ambitious plan is to transform his company into a large conglomerate similar to South Korea's Daewoo. To achieve this, Vuu intends to forge close ties with foreign and local government officials and corporations.

Rubber Footwear, Rubber and Plastics Footwear Manufacturing, Rubber and plastics footwear, Planning, Footwear industry, Vietnam, Vuu Khai Thanh, Binhtienh Imex Coproration Private Ltd.

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In Manila, spotlight shines on diplomacy in the wings

Article Abstract:

The Asia-Pacific Economic Cooperation (APEC) forum is emerging as an important diplomatic venue. The increasing diplomatic significance of the forum will be highlighted during the APEC summit in Manila, Philippines on Nov. 25, 1996, where the meeting between the US and Chinese presidents is highly anticipated. On the economic front, not much is predicted to be achieved at the summit as few breakthroughs in trade liberalization and economic cooperation are expected.

International Affairs, Intnl Diplomacy, Political aspects, International relations, Diplomacy, Asia-Pacific Economic Cooperation

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