Turbulence ahead: fund managers warn that Asia markets are entering a volatile phase
Article Abstract:
Asia's stockmarkets can expect a volatile second quarter in 1996, following a strong first quarter, as money from the US and elsewhere surges in again and investors display renewed confidence. Experts warn against riding indices, saying selective stock-picking is essential due to uncertainty about short-term interest rate moves in the US. Low rates worldwide suggest no more cheap capital is forthcoming, complicating the issue. Japan's pension-fund reforms are promising, and Australian mining stocks look attractive.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Confidence booster; Indonesian power project secures quick financing
Article Abstract:
A financing agreement for Indonesia's Jawa Power project represents several major milestones, say insiders and observers. It took just 18 months to arrange the $1.7 billion in financing, and institutional investors and banks came together on it for what may be the first time ever. The government did not guarantee the project, but President Suharto's son Bambang Trihatmodjo controls a company with a 15% stake. German giant Siemens Power Ventures, which has 50% of Jawa, badly needed such a project in Asia.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Fired up: Beijing finally clears foreign power project
Article Abstract:
Two power plants have recently received approval in Beijing now that China has relaxed its insistence on unrealistically low rates of return and foreign bankers have decided to lend money without sovereign guarantees from Beijing. Banque Indosuez is to lead-manage the funding for the Laibin B coal fired plant in Guangxi autonomous region. The project has received a letter of backing from the State Administration of Exchange Control.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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