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…
WILL THE EUPHORIA REMAIN ?
Gandhi must have been passing through an extremely clairvoyant phase when he came up with this statement in the Thirties. In the thirty years that…
FEELIN’GOOD
IT IS GOOD THAT WE ARE FEELING BUCKED UP AT THE BEGINNING of 2018. Major economies expect growth in tandem for the first time since…
PHILIPPINES MUST NOW FOCUS ON ECONOMY, ANALYSTS SAY
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 – FERNANDEZ
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…
Interview- India’s Sinha wants to go for growth
2 June 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, June 2 (Reuters) – India’s Finance Minister Yashwant Sinha put up a spirited…
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…
Interview- India targets not just “hope and prayer”
3 June 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, June 3 (Reuters) – India’s fiscal targets for the current year are not…
PHILIPPINE GNP SEEN GROWING 6.1 PCT IN 1988
4 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 4, Reuter – The Philippines’ gross national product (GNP) is expected to expand…
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…
India’s weary Kashmiris told- “Go see a movie”
7 August 1998 Reuters News English (c) 1998 Reuters Limited SRINAGAR, India, Aug 6 (Reuters) – A who’s who of Indian Kashmiris turned out in…
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…
India general sees no danger of nuclear exchange
6 August 1998 Reuters News English (c) 1998 Reuters Limited SRINAGAR, India, Aug 6 (Reuters) – The general commanding Indian troops in the tinderbox Kashmir…
INTERVIEW-Kashmir might spark N-war – separatist
7 August 1998 Reuters News English (C) 1998 Reuters Limited SRINAGAR, India, Aug 7 (Reuters) – India and Pakistan could wage nuclear war over the…
Indian soldier caught in grinding Kashmir strife
9 August 1998 Reuters News English (c) 1998 Reuters Limited BARAMULLA, India, Aug 9 (Reuters) – Mahendra Kumar is a typical “sepoy”, the lowest rank…
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…
FOCUS-India says Afghans in Kashmir intrusion
26 May 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, May 25 (Reuters) – Afghan mercenaries, likely commanded by Pakistani army officers, have…
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…
PHILIPPINE BANKS SEEN LOSING OUT ON CURRENCY DEALS
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…
WRAPUP-India hits Kashmir militants with air power
26 May 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, May 26 (Reuters) – India on Wednesday launched its first peacetime air strikes…
ANALYSIS-India, Pakistan caught in undeclared war
27 May 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, May 27 (Reuters) – India was on a roll on Wednesday. It unleashed…
WRAPUP-India loses planes, lashes out at Pakistan.
28 May 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, May 27 (Reuters) – India suffered a sharp reverse on Thursday in its…
WRAPUP-India bombs Kashmir rebels, warns Pakistan.
27 May 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, May 26 (Reuters) – India unleashed two waves of air strikes on…
PHILIPPINES TO ASK BANKS, IMF FOR NEW LOANS
28 July 1988 Reuters News English (c) 1988 Reuters Limited MANILA, July 28, Reuter – The Philippines plans to approach its creditor banks for a…
Wrapup- Indian helicopter downed in Kashmir crisis
29 May 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, May 28 (Reuters) – India suffered a second setback on Friday in its…
Wrapup- Kashmir crisis heats up after Stinger use
29 May 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, May 28 (Reuters) – India suffered a second setback on Friday in an…
MANILA SAID SEEKING BANKS’ AID ON 1989 FINANCE GAP
3 August 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Aug 3, Reuter – The Philippines has told its commercial bank creditors they must…
Interview- Onus on Pakistan in Kashmir-Indian aide
30 May 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, May 30 (Reuters) – A top Indian official said on Sunday it…
India vows no pause in Kashmir assault for talks
1 June 1999 22:59 Reuters News English (c) 1999 Reuters Limited NEW DELHI, June 1 (Reuters) – India will not halt its air and ground…
Interview- “no relenting in Kashmir
2 June 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, June 1 (Reuters) – India’s External Affairs Minister Jaswant Singh said on Tuesday…
ANALYSIS-India faces hard choices in Kashmir.
13 June 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, June 13 (Reuters) – India and Pakistan, daggers drawn in Kashmir, held a…
ANALYSIS-India torn over scope of Kashmir combat
4 July 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, July 4 (Reuters) – India’s commanders are fighting with “one arm tied behind…
Over 1,000 infiltrators still in Kashmir – India
8 July 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, July 8 (Reuters) – India’s army has recaptured key points in Kashmir and…
Interview- India says Pakistan must restore trust
18 July 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, July 18 (Reuters) – Indian Foreign Minister Jaswant Singh on Sunday urged Pakistan…
TROOPS AT BATTLE STATIONS AS INDIA’S PUNJAB GOES TO THE POLLS
26 November 1989 Reuters News English (c) 1989 Reuters Limited CHANDIGARH, India, Nov 26, Reuter – India’s bloody general election entered its final stage on…
INDIA LOOKING TO SUBSTANTIAL AID FROM IMF, DONORS, OFFICIAL SAYS
27 August 1991 Reuters News English (c) 1991 Reuters Limited TOKYO, Reuter – India hopes to receive substantial financial aid from a consortium of donors…
INDIA WILL ASK IMF FOR MORE FUNDS – MINISTER
13 April 1992 Reuters News English (c) 1992 Reuters Limited TOKYO, Reuters – India intends to ask the International Monetary Fund (IMF) for more contingency…
Villagers play tag with death in India’ Kashmir
6 August 1998 Reuters News English (c) 1998 Reuters Limited NAMBLA, India, Aug 6 (Reuters) – The people of Nambla are sitting ducks in the…
India’s Fernandes insists Pakistan PM was in dark
31 May 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, May 31 (Reuters) – India’s Defence Minister George Fernandes said on Monday he…
INTERVIEW-India’s Fernandes sees no nuclear danger.
31 May 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, May 31 (Reuters) – India’s Defence Minister George Fernandes said on Monday he…
INTERVIEW-Indian general fears return to proxy war.
13 July 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, July 13 (Reuters) – Watching vanquished Islamic guerrillas retreat to Pakistan, India’s top…
INTERVIEW-Early Kashmir spring helped India.
18 July 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, July 18 (Reuters) – India’s military intelligence chief said on Sunday that Pakistan’s…
Indian reforms are irreversible, lawmaker says
22 April 1993 Reuters News English (c) 1993 Reuters Limited TOKYO, April 22, Reuter – One of the architects of India’s radical economic reforms said…
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…
Kashmir group says exhumed body is of its leader
30 September 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Sept 30 (Reuter) – A militant group in Kashmir on Tuesday said an…
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…
The Dauphin and the Figurehead
Timing is everything, and with a number of state elections soon, leading to the general election next year, the cynicism and opportunism are manifest. The…
Earthy Tales
Last week I was on a flight to Mumbai About two hours in, the captain an- nounced that there was unseasonal heavy rain ahead and…
INTERVIEW – India lacked grit on Tamil Tigers — envoy
19 November 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Nov 19 (Reuters) – India’s lack of “grit” in pursuing its costly military…
AQUINO IGNORES COUP WARNING TO VISIT REBEL ISLAND
Reuter 19 January 1987 Sydeney Morning Hearaid 6 English Copyright of John Fairfax Group Pty Ltd MANILA, Sunday: President Corazon Aquino flew to the violence-racked…
Wanted- A Big Bang Budget
These are extraordinary times and we witness extraordinary phenomena. Three weeks before the Union Budget, when finance ministers customarily crawl under their carapaces, the honourable…
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…
PM-PHILIPPINES-MINISTER (NEWS ANALYSIS, SCHEDULED) MURDER IN MANILA REVIVES DEBATE OVER VIOLENCE, VIGILANTES
4 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 4, Reuter – The killing of a top official known for his strong…
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 CASE
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…
Eight Innovations That Delighted Consumers and What India can Learn From Them
I had never handled a tool in my life; and yet, in time, by labour, application, and con- trivance, I found at last that I…
India’s Coolest Start-Ups
Some things were on a fast track as the heat dragged us into the dog days of June, and some were on a slow track.…
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,…
Home Truths
And now at the end he found himself in his own house, on his own half-lot of land, his own portion of the earth. That…
THE NORTH-EAST- 40TH ANIVERSARY
The guns are yet to fall silent in the North-east but in places where development has made an inroad, peace has prevailed. Only by bringing…
The Burning Of Assam
The fuse has been burning for almost four years and the mood in the state has passed through all the faces of anger, despair and…
LALDENGA’S WAR-DANCE
Events In Mizoram seem to be moving Inexorably towards a resumption of Insurgency The cease-fire agreement, which came into effect at midnight on July 31…
MIZORAM-A RETURN TO ARMS
Not for nothing has Mizo National Front (MNF) President Laldenga acquired a reputation for being a cool and calculating man. Towards the end of 1981,…
Interview: Anil Agarwal
“Everybody is going to die, but I am going to die last” He started out as a scrap trader in Patna. Today, with a personal…
Panic Button
Reading An Account of the Great Fear, or Grande Peur, that swept across France in July and August of 1789, I was struck by the…
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,…
TOO BIG TO FAIL
Independence day is a good excuse for some economic chest-thumping. We should be proud that lndia is a free-enterprise democracy. Imagine the world’s burden if…
Glass Half-Full?
We can hope that in the run-up to the next general election we will not suffer the type of jolts to our nervous systems that…
TELLING NUMBERS
Look Carefully at all the Headlines, screaming or otherwise, that are popping up these days about corruption. How many of them feature women? Study after…
The Dog’s tail
There is no loophole that has not met an Indian taxpayer. A Hindi proverb says you can never straighten a dog’s tail (kutte ki poonch…).…
Clutching At Straws
We are so frozen in the headlights of the on rushing slowdown that even a flicker leads us to believe that we have seen friendly…