Tet spending spree wanes

Article Abstract:

The restrained spending during Vietnam's Lunar New Year, Tet, in 1998 served as another sign that the country's economic boom is foundering. According to Nguyen Linh, managing director of SRG Vietnam Ltd, consumer confidence is at its lowest stage. He adds that rice farmers will bear the brunt due to lower rice exports. Higher prices may have also dampened consumer spending. The Tet serves as a barometer of rural and urban condition since it is the one time of the year that both farmers and urban residents go on a buying spree.

Economic Intelligence, Vietnam, Consumer confidence, Economic indicators, International communication

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Nation seeks to help itself with new Yen loans; plans for $5.1 billion in aid to region are part of Tokyo's efforts toward a symbiotic recovery

Article Abstract:

Japan will disperse $1.5 billion in new yen loans to the Asian region which is designed to help Japan as well as its neighbors deal with the economic crisis. Japanese Prime Minister Keizo Obuchi made the announcement during the meeting of the Assn of Southeast Asian Nations. The money will be used on infrastructure such as power stations, roads and bridges in Asian countries that are doing their best to attain economic recovery.

International economic relations, Asia, Regional Diplomacy, Conferences, meetings and seminars, Japan, International relations, Obuchi, Keizo, Diplomacy, Speeches, lectures and essays, Foreign loans

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Artists examine ravages of economic crisis

Article Abstract:

The painting by Low Leong Kiang which won the 1998 Asean Art Awards portrayed three tattered children with a caption that reads "Mr Foreign Speculator, Stop Damaging Our Country!" The plunderings of Asia's economic crisis appear extensively in finalists' paintings. The paintings pertain to on everything from the International Monetary Fund to ethnic violence and gang rape in Indonesia.

Public affairs, Finance, taxation, & monetary policy, Intnl Monetary Fund, Southeast Asia, Social aspects, Achievements and awards, Painting, Painting (Art)

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