Singapore's business climate looks hazy

Article Abstract:

Singapore's economic outlook has been clouded by the economic crisis gripping East Asia. Foreign businesses are growing wary of Singapore not due to any fault of its own, but due to the overall economic trends in Asia. Because of its well-managed economy, Singapore is better off than most Asian countries, but its stock market has taken a hit. There are rumors that foreign professionals are abandoning Singapore.

National Income & Expenditure, Economic aspects, Singapore

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U.S. warns against CalEnergy 'review.'

Article Abstract:

The US has warned Indonesia that it will retaliate if the Indonesian government cancels any US-backed infrastructure projects as part of its austerity program. Indonesia has put a CalEnergy Company Inc.-backed power plant project on review, a project insured by the Overseas Private Investment Corp. If this and other projects are cancelled, the US would seek up to $100 million in compensation.

Heavy construction, not elsewhere classified, Manufacturing and Industrial Building Construction, Electric Generating Plant Constr, United States, Management, Foreign operations, Indonesia, United States foreign relations, Overseas Private Investment Corp., Indonesian foreign relations, Electric power plant construction, CE, CalEnergy Company Inc.

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