THE HUMAN TRAGEDY
It is a war without end, a no-win situation in which nobody can provide answers to some questions: How long will this go on? Which…
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MANILA PHONE LOAN MARKS MAJOR CREDITOR INITIATIVE
15 March 1988 Reuters News English (c) 1988 Reuters Limited MANILA, March 15, Reuter – A 288 million dollar syndicated loan for the Philippines Long…
LETTER FROM THE EDITOR
THERE are, said the poet Wallace Stevens, 13 ways of looking at a blackbird. The essence of that particular truth came home forcefully last fortnight…
PHILIPPINES MUST NOW FOCUS ON ECONOMY, ANALYSTS SAYÂ
19 January 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Jan 19, Reuter – The Philippines has emerged from a tumultuous year with democracy…
PRIVATISATION PROVES TO BE GORDIAN KNOT FOR MANILA TRUST
10 February 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Feb 10, Reuter – A sword poised over a Gordian knot is the official…
PHILIPPINES BIT PLAYER IN DEBT REFORM – FERNANDEZÂ
19 February 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Feb 19 – The Philippines’ 27.8 billion dollar foreign debt makes it a bit…
PHILIPPINE BANKS HEALTHIER, SEEK LOWER COSTS
25 March 1988 Reuters News English (c) 1988 Reuters Limited MANILA, March 25, Reuter – Philippine banks have largely recovered from years of crisis, but…
CHINA DISCUSSING SIX LOANS WITH ASIAN DEVELOPMENT BANK
18 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 18, Reuter – China is negotiating with the Manila-based Asian Development Bank for…
BUSINESSMEN LASH OUT AT MANILA DEBT/EQUITY PROGRAM
18 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 18, Reuter – Filipino and foreign businessmen have launched a sharp attack on…
JAPAN STRUGGLES TO USE ADB TO RECYCLE SURPLUSES
20 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 20, Reuter – Japan’s attempt to use the Asian Development Bank (ADB) to…
ASIAN DEVELOPMENT BANK STILL AWASH WITH FUNDS
20 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 20, Reuter – The Asian Development Bank (ADB) is still awash with funds,…
SUITABLE CHINESE PROJECTS HARD TO FIND — ADB HEAD
27 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 27, Reuter – The Asian Development Bank (ADB) has found it difficult to…
TAIWAN SAYS ROW OVER NAME CHANGE CONTINUES WITH ADB
27 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 27, Reuter – Taipei has ended a two-year boycott of the Asian Development…
SOUTH PACIFIC ISLANDS WANT OWN DEVELOPMENT BANK
28 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 28, Reuter – South Pacific island nations want to form a new regional…
AQUINO SAYS ADB LEADERSHIP SHOULD REMAIN ASIAN
28 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 28, Reuter – The Asian Development Bank’s annual meeting opened with a call…
TAIWAN CONTINUES PROTEST OVER NAME CHANGE AT ADB MEETING
29 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 29, Reuter – Taiwan delegates to the Asian Development Bank’s annual meeting continued…
BankAmerica committed to India wholesale banking
10 December 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, Dec 10 (Reuters) – BankAmerica Corp will sell its retail banking business in…
Nepal aims at independent central bank
22 May 1997 Reuters News English (c) 1997 Reuters Limited KATHMANDU, May 22 (Reuter) – Nepal’s coalition government plans to grant the Himalayan kingdom’s central…
Japanese says Indian bureaucracy very “inflexible”Â
24 July 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, July 24 (Reuter) – Japan is keen on expanding investment in India but…
PHILIPPINE BANKS SEEN LOSING OUT ON CURRENCY DEALSÂ
18 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 18, Reuter – Philippine banks are missing opportunities by restricting foreign exchange trading…
PHILIPPINE ECONOMY MAY OVERHEAT – CENTRAL BANKER
18 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 18, Reuter – The Philippine economy is growing strongly in real terms but…
PHILIPPINES TO ASK BANKS, IMF FOR NEW LOANSÂ Â
28 July 1988  Reuters News English (c) 1988 Reuters Limited MANILA, July 28, Reuter – The Philippines plans to approach its creditor banks for a…
MANILA SAID SEEKING BANKS’ AID ON 1989 FINANCE GAPÂ
3 August 1988  Reuters News English (c) 1988 Reuters Limited MANILA, Aug 3, Reuter – The Philippines has told its commercial bank creditors they must…
Wrapup 1- China undecided on another bank bailout
12 September 2003 Reuters News English (c) 2003 Reuters Limited  BEIJING, Sept 12 (Reuters) – China has not ruled out another big bailout of…
INTERVIEW-China bank watchdog upbeat on foreign players.
12 September 2003 Reuters News English (c) 2003 Reuters Limited  BEIJING, Sept 12 (Reuters) – China’s new banking regulator said on Friday foreign banks…
Taiwan seeks banking concessions from China
15 September 2003 Reuters News English (c) 2003 Reuters Limited TAIPEI, Sept 15 (Reuters) – Taiwan will permit its banks to do business in China…
Marxist says one-party rule in India is “finished”
 15 June 1997 Reuters News English (c) 1997 Reuters Limited CALCUTTA, India, June 15 (Reuter) – India is not likely to see a return to…
INTERVIEW-ADB chief not pessimistic over Yamaichi
24 November 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Nov 24 (Reuters) – The collapse of Yamaichi Securities could signal the end…
PHILIPPINE INTEREST PAYMENTS SEEN RISING
8 June 1987 Reuters News English (c) 1987 Reuters Limited MANILA, June 5 – The Philippines’ interest payments on its foreign debt will increase by…
MANILA BANK CLOSURE EXPOSES STRAINS IN PHILIPPINE SYSTEM
8 July 1987 Reutera News English (c) 1987 Reuters Limited MANILA, June 8, Reuter – The closure last month of the Manila Banking Corporation, one…
ELDERS TRYING TO BUY INTO PHILIPPINE BANK
21 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 21 – Elders Finance, a division of (Elders IXL Ltd), is interested in…
Two to Tango
An early breakfast is something that most journalists don’t care for. Most of my tribe skip it and among those who don’t, very few sip…
Breakout Companies
Raghuram Govind Rajan is a lucky man. Two weeks into his new job as Governor of the Reserve Bank of India his friend Ben Bernanke,…
PHILIPPINES POISED FOR RISKY DEBT SHOWDOWN
28 September 1987 Reuters News English (c) 1987 Reuters Limited  MANILA, Sept 28 – The Philippines is poised for a risky showdown with its…
PHILIPPINE DEBT ACCORD HANGS IN BALANCE
25 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 25 – The Philippines’ recent debt restructuring hangs in the balance after a…
Cheat Funds
Sometimes India’s economy resembles a rambunctious teenager brought up short by a finger-wagging headmaster. Our finance minister can now recite with his eyes closed a…
PHILIPPINE PESO FALLS TO RECORD LOW
 8 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 8 – The Philippine peso plunged to a record low of 20.850 against…
MANILA RACES TO FINALISE PIVOTAL DEBT CASEÂ
22 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 22 – The Philippine Central Bank and creditors of a private fertiliser firm…
PHILIPPINES CENTRAL BANK CURBS DOLLAR TRADING
 24 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 24 – The Philippines has moved to defend Its foreign exchange reserves by…
Prem Ji Is Back
By the time this issue of Business Today hits the news stands, voting for new governments in three Indian states will be completed. The seven-…
India’s Best Banks
Pity the modern banker, who is described in one of the stories in this issue as “pin-striped”. In India, of course, some of the most…
India’s Best Banks
Just as we were putting this special issue of Business Today to bed. Thomas M. Hoenig. President of the Federal Reserve Bank of Kansas City,…
BUREAUCRACY-THE POWER THAT BE
All private secretaries to Union ministers are equal, but S.R. Bhatia is more equal. Bhatia is the private secretary to Prakash Chand Sethi, the Union…
FINDING A VOICE
Politics cinema, like the new wave of the mid-’70s, has long acquired a pejorative meaning in India. At most, a political film that catches the…
AN HEIR SPLITTING LEGACY
The story is as complicated as the whorls on a fingerprint, a ready-made screen-play bursting with grandeur, feudalism, pretension, and the tattered remnants of pomp…
BANK THE RESERVE
The Reserve Bank Of INDIA (RBI) IS the best-run company in India: transparent, diligent, accountable, and (ostensibly) in dependent. Its official capital is a paltry…
A FIRST-RATE PROBLEM
India’s economy is lurching like a car with two flat rear tyres. The monsoon has been better than expected: a bumper kharif crop is expected,…