The next disaster? Defending Manila's bank, property sectors

Article Abstract:

Philippine Pres Fidel V. Ramos has risen to the defense of the country's banking and real estate industries which are predicted to follow the example of Thailand's ailing companies. Ramos assured the worried investors of the soundness of the Philippine economy. Goldman Sachs L.L.C. bank analyst Roy Ramos compares Thailand's crisis to the alarming high lending rates of banks to the real estate community in three countries, namely: the Philippines, Malaysia and Indonesia.

Land Subdivision and Land Development, Subdividers & Developers, Subdividers and Developers, Real estate developers, Finance, Beliefs, opinions and attitudes, Philippines, Ramos, Fidel Valdez

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Jardine's moves suggest focus on finance

Article Abstract:

Jardine Fleming Group Ltd. has replaced board members associated with the fund management industry with investment bankers. Jardine executives attributes the move to the potential growth of Asia's corporate finance market. The financial services company also expects a decline in fund management profits due to a recent scandal which cost the company $1.1 million in fines and the resignation of three key executives.

Commercial Banking, Business Financing, Officials and employees, Financial services industry, Financial services, Corporate directors, Appointments, resignations and dismissals, Jardine Fleming Group Ltd.

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New Focus: consumer finance

Article Abstract:

A report by Salomon Smith Barney states that consumer finance in Asia is an underpenetrated market and that rapid growth in the years ahead should be expected. Credit cards and personal loans are still relatively rare in Asia compared to the U.S., with credit card debt as low as 3% to 5% of household liabilities in Asia compared to around 9% in the U.S.

Sales & consumption, Asia, Mortgage and Nonmortgage Loan Brokers, Consumer Personal Loans, Statistical Data Included, Credit cards, Statistics, Consumer credit, Personal loans

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