The cost of insurance

Article Abstract:

Wealthy investors in the Philippines have sent a surprisingly large and growing amount of money overseas in the past few years, balancing the well-known inflow of investment. The very richest have long done so, but had to evade foreign-exchange regulations that have now been liberalized. At the same time the number and variety of fund managers has exploded, making the full global range of instruments available. The investors themselves have also become more savvy, and are very careful in scrutinizing these managers.

Philippines, Rich, Rich people, Investors

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Subic slugfest: Richard Gordon does battle with Manila, again

Article Abstract:

A dispute has arisen over the allocation of a contract to Hutchison Port Philippines by Subic Bay Metropolitan Authority, led by Richard Gordon, to develop container terminal services at Subic Bay, Philippines. This project is important for the development of the port and a delay could hamper the port's future and deter foreign investment. The legal counsel of the Philippines president Fidel Ramos has told the authority to examine other bids and hold back the award to Hutchison.

Marine cargo handling, Ports, Contracts, Subic Bay Naval Base, Philippines, Hutchison Port Philippines

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