Currency problems play havoc in projects

Article Abstract:

Asian infrastructure projects have been adversely affected by the devaluations of currencies that have resulted from the economic troubles roiling the regions. The currency devaluations have had the unintended consequence of boosting the costs of infrastructure projects. The Thai government recently canceled the Bangkok Elevated Road and Train System despite seven years and $500 million worth of time and money already expended on the project. Indonesia has cancelled $37 billion worth of Asian infrastructure projects.

Heavy construction, not elsewhere classified, All Other Heavy Construction, Manufacturing and Industrial Building Construction, Regulation and Administration of Transportation Programs, Mass Transit Construction, Electric Generating Plant Constr, Ground Transportation Programs, Infrastructure (Economics), Electric utilities, Finance, Thailand, Indonesia, Transportation, Transportation policy, Ground transportation, Local transit, Project finance, Electric power plant construction, Bangkok Elevated Road and Train System

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In search of the right formula

Article Abstract:

There was little privatization activity in Asia in 1996 due to a lack of communication and cooperation between governments, the banking industry, corporations and investors. Governments generally have been unenthusiastic about privatization, with the result that bureaucratic impediments to privatization remain in place. In addition, local stock exchanges typically are undeveloped and do not have the market capacity to handle large share flotations.

Privatization, Privatization (Business)

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Investors go for the floater

Article Abstract:

Floating rate notes (FRNs) as a financing vehicle serve as a transitory form of capital in Asia, a form of capital that exists between traditional bank loans and traditional corporate bonds. There were 106 issues of FRNs in Asia with a total volume of $11.6 billion from Jan to Oct 1996; by contrast, the total volume of the Asian FRN market in all of 1995 and 1995 totalled $10.8 billion and $10.7 billion, respectively.

Corporate & Foreign Bonds, Statistics, Floating rate notes

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