India’s Gujarat state aims to be investment draw
8 December 1997 21:23 Reuters News English ( c) 1997 Reuters Limited NEW DELHI, Dec 8 (Reuters) – India’s Gujarat state aims to be a…
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Master of his Game
It’s hard to be a couch potato in India because (a) most homes have stiff, unyielding sofas; (b) it’s not easy to set yourself up…
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…
Interview of Kumar Mangalam Birla
Few of us know that KUMAR MANGALAM BIRLA, Chairman of the Aditya Birla Group, produced the critically acclaimed Hindi movie Black. Or that he has…
INTERVIEW-PRIME MINISTER MORARJI DESAI
‘Is Drinking A Ritual “? Then I Think ‘It Is Better to Close Our Diplomatic Missions!’ The appointment is at I pm at the Prime…
INTERVIEW-PROF. C.N. VAKIL
The Government Is Helping Create A Privileged Class!’ Professor C.N. Vakil, eminent economist, formerly Director, School of Economics and Sociology, University of Bombay, and Director,…
Interview with Narayana Murthy
Infosys co-founder N.R. Narayana Murthy has seen it all: bootstrapping an enterprise with what is loose change today, going on sales calls riding pillion on…
Frozen in the Headlights
Poor Manmohan Singh is caught between the Pros and the Cons. The Pros in the Opposition are telling the prime minister, who has never seemed…
LETTER FROM THE EDITOR
NEWS does not have to scream from the headlines to be news. In fact, it is probably one of the failings of the media 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…
JAYME SAYS MANILA TAKES HEART FROM MEXICO DEAL
6 January 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Jan 6 – The options available in solving the global debt crisis had broadened…
MANILA OUTLINES 1988 BORROWING, BUDGET PLANS
7 January 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Jan 7 – The Philippine government will issue treasury bills and notes totalling 29.8…
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…
Philippine economy needs steady hand to keep recovery from going stagnant
20 January 1988 The Globe and Mail B24 English All material copyright Thomson Canada Limited or its licensors. All rights reserved. The Philippines has experienced…
ENVOY SAYS U.S. TO MAINTAIN STRONG ROLE IN PHILIPPINE ECONOMY
22 January 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Jan 22, Reuter – The United States is committed to helping the Philippines achieve…
MANILA CHARGES USDA DELAYING SUGAR RE-EXPORT PLAN
22 January 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Jan 22 – Sugar industry officials said the Philippines might not be able to…
DEVELOPING NATIONS URGED TO EASE INVESTMENT BARS
25 January 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Jan 25 – Developing nations are more likely to attract foreign investment by easing…
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…
EUROPEAN INVESTORS SHY AWAY FROM PHILIPPINES
16 February 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Feb 16 – A stream of unsettling news from the Philippines has held back…
W. GERMAN MINISTER EXPECTED TO BOOST EUROPEAN TIES TO MANILA.
16 February 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Feb 16, Reuter – West German Minister of Economics Martin Bangemann is expected to…
PHILIPPINES MOVES TO SPEED UP DEBT/EQUITY SWAPS
19 February 1988 Reuters News (c) 1988 Reuters Limited English MANILA, Feb 19 – The Philippines plans to speed up its sluggish debt/equity swap program,…
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…
PHILIPPINES’ 1989 BUDGET SET AT 190 BILLION PESOS
8 March 1988 Reuters News English (c) 1988 Reuters Limited MANILA, March 8, Reuter – The Philippines will have a 1989 deficit of 28.5 billion…
FEWER SIESTAS, LEANER STAFF BOOST MANILA TAX REVENUES
9 March 1988 Reuters News English (c) 1988 Reuters Limited MANILA, March 9, Reuter – Fewer staff members taking fewer siestas may help the Philippines…
MANILA SPECULATORS PLAY ROULETTE WITH OIL STOCKS
18 March 1988 Reuters News English (c) 1988 Reuters Limited MANILA, March 18, Reuter – Volatile penny oil stocks have raised trading on Manila’s two…
USDA SEES PHILIPPINE AGRICULTURE STAGNANT IN 1988
22 March 1988 Reuters News English (c) 1988 Reuters Limited MANILA, March 22, Reuter – Falling sugar and coconut production is expected to lead to…
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…
AQUINO AGAIN ON DEFENSIVE AFTER HONASAN ESCAPE
3 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 3, Reuter – Coup leader Colonel Gregorio Honasan’s escape from captivity on Saturday…
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…
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,…
MANILA’S DEBATED LAND REFORM PLEDGED 66 MLN DLRS
26 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 26, Reuter – The Philippines has received pledges of aid totalling 66 million…
JAPAN-U.S. TUSSLE LIKELY TO DOMINATE ADB MEETING
27 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 27, Reuter – The Asian Development Bank annual meeting starting on Thursday is…
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…
INDIA LIBERALISING AT OWN PACE, MINISTER SAYS
1 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 1, Reuter – India is loosening controls on industry, investment and imports but…
PHILIPPINES SAYS IT WOULD WELCOME U.S. AID PLAN
9 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 9, Reuter – The Philippine government said on Monday it was awaiting information…
DESPITE FEUD, SAN MIGUEL RIDES HIGH ON BEER BOOM
9 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 9, Reuter – Thirsty Filipinos drank nearly a billion liters of San Miguel…
India’s Vajpayee should “go for broke”, rival says
29 November 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, Nov 29 (Reuters) – India’s wounded Bharatiya Janata Party should ram through an…
PHILIPPINE SENATE HARDENS STAND ON DEBT
11 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 11, Reuter – The Philippine Senate has ended a six-month lull by taking…
Interview- Mercedes-Benz bullish on India Market
1 December 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, Dec 1 (Reuters) – Mercedes-Benz India Ltd is bullish about the Indian car…
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…
PHILIPPINE SENATE APPEARS TO SOFTEN STAND ON NUCLEAR BILL
12 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 12, Reuter – The Philippine Senate is apparently softening its stand on a…
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”
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 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…
PHILIPPINES TO MAKE PAINFUL ECONOMIC ADJUSTMENTS
25 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 25, Reuter – The Philippine economy is growing strongly well into the third…
PHILIPPINE AIR LOSS SAID TO THREATEN PRIVATISATION
27 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 27, Reuter – Philippine Airlines Inc’s loss in the 1987/88 fiscal year may…
JAYME SAYS NO MAGIC FIX FOR PHILIPPINE DEBT
31 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 31, Reuter – There are no magical solutions to the Philippines’ heavy foreign…
TO PAY OR NOT TO PAY – THE PHILIPPINES’ DEBT DEBATE
5 June 1988 Reuters News English (c) 1988 Reuters Limited MANILA, June 5, Reuter – To pay or not — that is the question facing…
Philippine debate over debt payments alarms foreign banks
6 June 1988 The Toronto Star FIN B4 English Copyright (c) 1988 The Toronto Star MANILA, Philippines — “No one‘s talking new money, so we…
PHILIPPINES WELCOMES U.S. SUGAR QUOTA INCREASE
26 July 1988 Reuters News English (c) 1988 Reuters Limited MANILA, July 26, Reuter – The Philippines welcomes a decision by the U.S. Department of…
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…
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…
INDIA ECONOMY SEEN OPENING MORE, WHOEVER WINS POLL
20 November 1989 Reuters News English (c) 1989 Reuters Limited NEW DELHI, NOV 20, Reuter – Whoever wins this week’s Indian elections will face some…
INDIA’S POLITICAL INSTABILITY SEEN SLOWING GROWTH
22 November 1989 Reuters News English (c) 1989 Reuters Limited NEW DELHI, NOV 22, Reuter – Political instability likely to result from this week’s elections…
INTERVIEW-India FinSec sees high economic growth.
17 June 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, June 17 (Reuters) – India’s Finance Secretary Vijay Kelkar said on Thursday the…
INSTABILITY SEEN SLOWING GROWTH IN RESOURCE-STRAPPED INDIA
22 November 1989 Reuters News English (c) 1989 Reuters Limited NEW DELHI, Reuter – Political instability likely to result from this week’s elections could slow…
INTERVIEW-Philips India not slim enough, says MD
29 June 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, June 29 (Reuters) – Consumer electronics firm Philips India Ltd has shed nearly…
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…
JAPAN APPROVES $87 MILLION SPENDING PLAN
29 August 1992 Los Angeles Daily News Valley B2 English (Copyright 1992) The Japanese government Friday approved an $87 billion spending package – the nation’s…
Pound crashes in Tokyo, Asian stocks mixed
1 February 1993 Reuters News English (c) 1993 Reuters Limited TOKYO, Feb 1, Reuter – Currency speculators who sparked a fresh crisis in the European…
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…
Japan breathes easier on yen but danger lurks
20 August 1993 Reuters News English (c) 1993 Reuters Limited TOKYO, Aug 20 (Reuter) – The Japanese government heaved a sigh of relief on Friday…
INTERVIEW-Thai exchange sees 50 pct hike in market cap in 2002
19 March 2002 Reuters News English (c) 2002 Reuters Limited BANGKOK, March 19 (Reuters) – The head of Thailand’s stock exchange, one of the best…
Interview- Thailand sees growth over three pct
20 March 2002 Reuters News English (c) 2002 Reuters Limited BANGKOK, March 20 (Reuters) – Thailand will see growth of at least three percent this…
Japan’s economy sinks deeper into mire
14 September 1993 Reuters News English (c) 1993 Reuters Limited TOKYO, Sept 14 (Reuter) – Japan’s sickly economy has been contracting as its stubborn trade…
Japan drags itself towards an open rice market
13 December 1993 Reuters News English (c) 1993 Reuters Limited TOKYO, Dec 13 (Reuter) – Japan’s Chief Cabinet Secretary Masayoshi Takemura said Tokyo had every intention…
India aims to give 6 pct of people phones by 2000
21 September 1994 Reuters News English (c) 1994 Reuters Limited TOKYO, Sept 21 (Reuter) – India’s new telecommunications policy will open the domestic market to…
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-India’s Tata bets on global market for growth.
9 December 2003 Reuters News English (c) 2003 Reuters Limited BOMBAY, Dec 9 (Reuters) – India’s largest truck and bus maker Tata, riding a dramatic…
INTERVIEW-India hopes to cut oil imports with new discoveries.
11 December 2003 Reuters News English (c) 2003 Reuters Limited NEW DELHI, Dec 11 (Reuters) – India hopes to reduce its dependence on imported…
Sri Lanka’s garment makers want trade, not aid
9 January 2005 Reuters News English (c) 2005 Reuters Limited COLOMBO, Jan 9 (Reuters) – The only problem Sri Lanka’s intrepid garment makers faced after…
RBI will not allow rupee volatility – Chidambaram.
29 August 1997 14:33 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Aug 29 (Reuter) – Indian Finance Minister P. Chidambaram said the rupee’s…
India raises import duties to fight deficit
16 September 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Sept 16 (Reuter) – India’s government, clearly alarmed by a fiscal deficit that…
Interview with Ellen Kullman
DuPont Chair & CEO ELLEN KULLMAN in conversation with CHAITANYA KALBAG. Edited excerpts: Do you think the India-US CEO Forum you are a member of…
Keep Your Expectations Low
In a spirited panel discussion moderated by Business Today editor Chaitanya Kalbag, Yashwant Sinha, MP and former finance minister, M. Damodaran, former SEBI chairman, Satya…
ASIA 2020 – Malthusian meltdown? The odds are even
27 November 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Nov 27 (Reuters) – “May you be the mother of a hundred sons.”…
An Agenda for India
“Goodness is something to be chosen. When a man cannot choose he ceases to be a man.” Prison Chaplain in A Clockwork Orange The ice…
Woollen blankets, used clothing clog Sri Lanka aid pipeline.
8 January 2005 Reuters News English (c) 2005 Reuters Limited SAMMANTHURAI, Sri Lanka, Jan 8 (Reuters) – Sitting cross-legged on the cramped, bucking floor…
ANALYSIS-Sri Lanka’s economy does not take tsunami lying down
7 January 2005 Reuters News English (c) 2005 Reuters Limited COLOMBO, Jan 7 (Reuters) – More than 30,000 Sri Lankans lost their lives when the…
I have to follow capitalism: Buddha
IT IS like being thrown about in an ideological cocktail shaker. You get off a gleaming passenger jet and drive over a soaring expressway to…
What the Government Needs to Do Now
Despite the crisis, a clear message must be sent to the investor community that India is open for business. There was an initial spurt of…
Growth and the challenge of compensating the losers
INDIA’S ECONOMY is barrelling along at a growth rate of over 9 per cent, savings rates are up, investments are up, more jobs are being…
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…
Garam hawa
India must construct an enlightened climate change policy ‘FOOD PRICES set to rise as floods ruin crops’. ‘Prime Minister promises aid to flood victims’. Does…
READING THE BAR CODES
“UPON MY WORD: India’s prisons are stuck in a time warp” STRANGE HOW time’s machine travels back and forth at warp speed. Two hundred and…
FOCUS-India parliament leader bullish on democracy
7 December 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Dec 7 (Reuters) – The speaker of India’s parliament said on Sunday democracy…
INTERVIEW-Hindu party pushes radical economics
8 December 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Dec 8 (Reuters) – India’s main opposition group will block the full convertibility…
INTERVIEW-India can’t be ignored – A.T.Kearney CEO
8 December 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Dec 8 (Reuters) – Global investors cannot afford to ignore India, but Indian…
India vows to move faster on power projects
9 December 1997 22:46 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Dec 9 (Reuters) – India will accelerate its drive to increase electricity…
Superhero Dreams
Song sung blue Everybody knows one Song sung blue Every garden grows one If you are of a certain vintage, you will have been moved…
Shine On, You Crazy Diamonds
I remember back in the 1970s, when a new India was just over a quarter of a century old, Geoffrey Moorhouse, in his foreword to…
Pressure to Act Soon / Land Reform Issue Splits Aquino Aides
21 May 1987 The San Francisco Chronicle THREE STAR 27 English Copyright 1987 Manila President Corazon Aquino’s ambitious plan to distribute land to more than…
10 Most Powerful Women in Indian Business
They say nothing sharpens our minds as much as high danger or a threat to our survival. We are prepared to stand and fight when…
PHILIPPINE NATIONAL OIL HEAD OPPOSES PRIVATISATION
1 June 1987 Reuters News English (c) 1987 Reuters Limited MANILA, June 1 – The head of Philippine National Oil Co said the proposed privatisation…
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 CENTRAL BANK CHIEF SEES HEALTHY GROWTH IN 1987
2 June 1987 Reuters News English (c) 1987 Reuters Limited MANILA, June 2, Reuter – The Philippine economy’s impressive growth in this year’s first quarter…
India’s Best B School
Although commerce is older even than the thirty pieces of silver that persuaded Judas Iscariot to betray Jesus Christ, it took humans a long time…
PHILIPPINES REVISES REFORM PLAN, PUTS OFF LAND DISTRIBUTION
3 June 1987 Reuters News English (c) 1987 Reuters Limited MANILA, June 3, Reuter – The latest draft of the Philippines’ ambitious land reform program…
JAPAN PLEDGES MORE ECONOMIC AID FOR THE PHILIPPINES
3 June 1987 Reuters News English (c) 1987 Reuters Limited MANILA, June 3, Reuter – Japan will expand its assistance to the Philippines and encourage…
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…
Philippine economy grows fast enough to fulfil Manila’s aims
8 June 1987 The Toronto Star MEZ B11 English Copyright (c) 1987 The Toronto Star MANILA — The government is aiming at GNP growth of…
PHILIPPINE INVESTMENT CODE SET FOR AQUINO DECREE
10 June 1987 Reuters News English (c) 1987 Reuters Limited MANILA, June 10 – The Philippines’ Omnibus Investment Code was approved by the cabinet and…
JAPAN SEES BETTER ECONOMIC TIES WITH PHILIPPINES
10 June 1987 Reuters News English (c) 1987 Reuters Limited MANILA, June 10 – Japan feels the political and economic situation in the Philippines has…
LAND BANK CHIEF CRITICISES PHILIPPINE LAND CEILING
11 June 1987 Reuters News English (c) 1987 Reuters Limited MANILA, June 11 – Proposed land reforms that would limit all holdings in the…
MANILA CENTRAL BANK CHIEF WELCOMES DEBT COMPROMISE
11 June 1987 Reuters News English (c) 1987 Reuters Limited MANILA, June 11 – Philippine Central Bank Governor Jose Fernandez said he welcomed a compromise…
MANILA DEBT PACT SEEN PRE-EMPTING NEW CONGRESS
20 July 1987 Reuters News English (c) 1987 Reuters Limited MANILA, July 20 – The speedy and cordial conclusion of a 13.2 billion dollar debt…
PHILIPPINE CENTRAL BANK REPORT ON ECONOMIC PERFORMANCE
21 July 1987 Reuters News English (c) 1987 Reuters Limited MANILA, July 21 – The Philippines’ foreign debt was 28.58 billion dollars at the end…
AQUINO LAND REFORMS SEEN TO STOP SHORT OF RADICAL CHANGE
22 July 1987 Reuters News English (c) 1987 Reuters Limited MANILA, July 22, Reuter – Held out as a radical step that would end decades…
ROW INTENSIFIES OVER PHILIPPINE OIL PRIVATISATION
23 July 1987 Reuters News English (c) 1987 Reuters Limited MANILA, July 23 – A row over the proposed privatisation of Petron Corp, a fully-owned…
PROTESTS MOUNT OVER AQUINO’S LAND REFORM PROGRAM
23 July 1987 Reuters News English (c) 1987 Reuters Limited MANILA, July 23, Reuter – Protests by both landowners and poor farmworkers mounted today over…
AQUINO LASHES OUT AT CREDITORS, VOWS TO FIGHT ENEMIES
27 July 1987 English (c) 1987 Reuters Limited MANILA, July 27, Reuter – President Corazon Aquino lashed out at the Philippines’ creditor banks today, charging…
MANILA OIL PRICE RISE SEEN NUDGING UP INFLATION
20 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 20 – Last week’s 20 pct rise in the prices of petrol, diesel…
PHILIPPINE LANDOWNERS WARN OF VIOLENCE OVER REFORMS
25 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 25, Reuter – A major coalition of Philippine landowners today labelled President Corazon…
CIVILIANS CHEER AS FIGHTING RAGES AT MANILA MILITARY CAMP
28 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 28, Reuter – Buildings blazed and streets shook in Manila today in the…
MANILA COUP BID SEEN DAMAGING BUSINESS CONFIDENCE
28 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 28 – The Philippines’ latest coup attempt, the most violent in President Corazon…
BUSINESS SEES COUP ATTEMPT AS WARNING TO AQUINO
31 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 31 – Manila’s stock markets held steady in the first session after Friday’s…
LOYALTY, TREACHERY BLUR IN DIVIDED PHILIPPINE MILITARY
1 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 1, Reuter – “Who goes there — friend or foe?” That traditional challenge…
AQUINO VOWS TO DEFEND BESIEGED PHILIPPINE DEMOCRACY
4 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 4, Reuter – President Corazon Aquino said on Friday democracy had taken one…
PHILIPPINE CABINET RESIGNS LEAVING AQUINO FREE HAND
9 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 9, Reuter – The Philippine cabinet resigned on Wednesday, giving President Corazon Aquino…
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…
India’s Most Valuable Companies
Once every year, we pay obeisance to the best and strongest companies in India. It is not grudging admiration. Our corporate icons deserve every bit…
The Best Companies to Work for
At Business Today we write about companies all the time. Often, it is a top-down view. We meet the Chief Executive Officer, the senior members…
Turning Turtle
In 1908, when Henry Ford began making his revolutionary Model Ts on an assembly line in Detroit, there were 241 carmakers in the United States.…
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…
India’s Best CFOs
Business Today’s team of reporters was putting finishing touches to the BT-YES Bank Best CFO Survey starting on page 57. The 14 men and one…
Ready For Battle
I remember sticking an aluminium one-yen coin and a copper one-US-cent coin to my computer screen in Tokyo around the mid-1990s and watching in fascination…
MANILA FUTURES EXCHANGE PLANS NEW CONTRACTS
14 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 14 – The Manila International Futures Exchange Inc (MIFE) hopes to start trading…
The Luxury Issue
Looking down at my bowl of gazpacho at dinner one recent night. I realised that I do not own a single moustache spoon, with guards,…
AQUINO FACES UPHILL TASK IN ECONOMIC RECOVERY
19 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 19, Reuter – Philippine President Corazon Aquino can expect a volley of anxious…
PHILIPPINES REVISES DEBT/EQUITY PROGRAM
22 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 22 – The Philippine government has made major changes in its debt-to-equity conversion…
Missing Murthy
Within the space of a week, I met N.R. Narayana Murthy for a long and friendly conversation at his airy venture-capital office in Bangalore’s Jayanagar…
God of Big Deals
Most of us are lucky if we get fifteen minutes of fame. You can be famous, but not rich. Fame is fleeting, and unless you…
U.S. DEFUSES MEDDLING ROW BY PULLING OUT ATTACHE FROM MANILA
28 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 28, Reuter – The United States said on Wednesday it was withdrawing a…
Broken IIT
Many, many moons ago, I used to visit a cousin pursuing his B.Tech. programme at IIT Madras. The campus was beautiful; of an early Sunday…
MANILA RESOLVES ROW OVER PLANTERS PRODUCTS INC’S DEBT AHEAD OF DEADLINE
30 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 30 – The Philippine government and creditors of a private fertiliser firm have…
PHILIPPINE CUSTOMS CHIEF SAYS NO TO GRAFT, YES TO ‘REWARDS’
4 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 4, Reuter – The new customs chief of the Philippines says he frowns…
ASCOPE MEETING
5 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 5 – The heads of national oil companies of the Association of Southeast…
India’s Coolest Start-Ups
The US Congress stepped back just in time from the fiscal cliff, but Indian sensibilities about the Delhi gang rape and killing fell off another cliff…
PHILIPPINES WORRIED ABOUT COMMODITY PRICES
9 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 9 – Any fall in commodity prices resulting from the crash in world…
India’s Best CEOs
We are waiting to exhale. Food prices fell in the last fortnight of December, for the first time in six years, and headline inflation is…
Watch Your Step
Three economists are gazing at a glass half full of water. The optimist sees a glass half full. The pessimist sees a glass half empty.…
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…
How I Did it
Companies and human beings are surprisingly similar. Over a long period of time we build an intricate geodesic dome of habits, rules. principles, emotions, likes…
The Best Companies to Work For
It was a bracing week: I started and ended it with conversations with honest men whose cleanliness shone through. Both had had something to do…
MANILA RATES RISE AS PRESSURE GROWS ON PESO
1 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 1 – Short-term interest rates have shot up in the Philippines as the…
FORMER PHILIPPINE FINANCE CHIEF’S DEATH BELIEVED SUICIDE
7 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 7, Reuter – Former Philippine finance minister Jaime Ongpin was found with a…
MANILA TO PUSH AHEAD WITH FISCAL REFORMS
11 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 11 – The Philippine government intends to boost tax collection, reorder its expenditures,…
Push to Start
One speaks the glory of the British queen, And one describes a charming Indian screen; A third interprets motions, looks, and eyes; At ev’ry word…
India’s Best CFOs: Tips From The Finest Financial Brains
I have a confession to make. Many moons ago, I studied to be an accountant and despite one of the world’s toughest entry barriers with…
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The word “flurry” is used to describe a sudden blast or gust, or a sudden commotion, and it. has been used frequently to label the…
How Samsung Moved Nokia’s Cheese
Competition is fierce and kicking in India, not least between business magazines. Which is why we love being flies on the wall as we watch…
Are Indian CEOs Overpaid?
The day before this issue of Business Today hits news stands, America will vote for a new president. The day after you invest less than…
The Big Squeeze
Turkmenistan’s “President for Life” Saparmurat Niyazov erected a 50-ft gold-plated statue of himself in the centre of the capital Ashgabat, eight years before he gave…
Deal Chahta Hai
A laughter club in Mumbai is forced to “zip it” because a humourless neighbour is disturbed, not long after a 63-year-old cartoon unleashes a cleansing…
Deconstructing HCC
The deeper we sail into the economic doldrums, the greater is the wonderment that there is so much locked-up promise in India that we cussedly…
Low On Gas
There are times when we at Business Today chafe at being a fortnightly. There is so much happening in business and the economy that we…
The Best Advice I ever Got
When I find myself in times of trouble Mother Mary comes to me speaking words of wisdom, let it be …
Most Powerful Women
Our Prime Minister can seem like an accidental politician. Speaking publicly, he comes across as earnestly wooden, and when he addressed the nation on September…
How TCS Toppled RIL
What a fortnight it has been. We have plumbed new depths in animus and acrimony. Not a day goes by without a shrieking melee, either…
Pulling Punches
Why did god create stock-market analysts? To make weather forecasters look good, runs the rather puerile joke. But seriously, company analysis is an earnest business-in…
Pain: A Triple Whammy in 2012 Flat Income, High Prices & Shrinking Wealth
Life’s but a walking shadow, a poor player That struts and frets his hour upon the stage And then is heard no more. It is…
IT’S THE ELECTION, STUPID
The economy is whirling around in a populist spiral Pranab Mukherjee is starting to look worryingly like a feckless heir squandering his generous inheritance while…
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 Most Valuable Companies
If you look down from a helicopter at any of India’s teeming cities you will see millions of people scurrying around using every known form…
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…
This Time For Africa
In Greek mythology, the Minotaur was a creature with a bull’s head and a man’s body who dwelt at the centre of the Cretan maze…
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 CFOs
I once knew a Chief Financial Officer who took a course in “Interpersonal skills. Asked why he needed to learn to get along better with…
Modi Unlimited
Coasting down the six-lane highway from Ahmedabad to Gandhinagar, wheels barely touching the asphalt, it is tempting to forget that you are in the India…
Budget Deficit
I remember when I was a child eating the only canned peas available then. They were hard, bland and left a metallic taste in my…
India Slowing
It seems churlish to sound a pessimistic note about India’s economy when a large contingent of our business and political leaders is hard at work…
New Business Families
“If a thousand suns were to rise in the heavens at the same time, the blaze of their light would resemble a little the supreme…
Hindustan Unilever Is Working Up A Lather
“Chamko… kapdon ke liye behtereen sabun. Bar-bar, lagatar. Chamko. Kapdon mein chakachaundh chamak lane ke liye. Khushbudar, jhaagwala-Chamko.” Romance blooms when charming salesgirl Deepti Naval…
The haze before dawn
Do you know what a “dominant undertaking” is Suresh Krishna does. The Chairman and Managing Director of Sundram Fasteners lived every day with the provisions…
Energy Shock: India Story Risks Running Out Of Steam
This has been a summer of discontent, and the portents are not auspicious. One day after Prime Minister Manmohan Singh announced his second underwhelming Cabinet…
Buy Me, Buy Me Not
Stock markets and their behavior are an inexact science. Technical analysts will study head and shoulders patterns, Fibonacci retracements, stochastic oscillators and sundry chicken entrails…
The Best Companies To Work For
Know one’s onions” means to know one’s subject well. But do we really know why our economy fares as it does, how supply and demand…
India’s Skilling Field
“Then we had to find the rule and the string again, and a new hole was made; and, about midnight, the picture would be up…
Are We Disaster Ready?
When I lived in Tokyo in the early 1990s, children at my daughter’s school could clamber into an “earthquake truck” for a foretaste of what…
The Takeover Man
Most of us are cursed with poor memory. We need episodic markers to help us measure our lives from one significant remembrance to another. Our…
Going Nowhere
I remember my first car with great fondness. It was a Fiat 1100D, and I crashed it barely a month after my wife and I…
The New GE Way
Jeff Immelt stepped into Jack Welch’s shoes four days before 9/11. Even more than the legendary Welch, he has GE blood in his veins –…
The Most Powerful Women In Indian Business
Early this month I travelled to Agra to walk barefoot around the Taj Mahal, the only wonder of the world that stands in honour of…
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…
India’s Best Fund Manager
Have you heard the story about Warren Buffett, the 215 millionaires, and the coin-flipping orangutans? It takes some telling and you will have to buy…
Brats at Work
H for Hitler. A for arrogant, R for rascal, I for idiot …” I’m sure many of us remember the “Hari Sadu” commercial about the…
India’s Most Valuable Companies
Nothing matches the rush of blood to the brain when you read super-sized success stories. Nothing tells the story of the Milky Way of densely-packed…
Pester Power
Remember when mall meant a tree-shaded promenade in Shimla or one of those picturesque cantonment towns, and plastic was when your grandmother graduated from tin…
Betting on Farms
India is a land of plenty. It is also a land of plenty of waste. If you suffer Malthusian nightmares of the Great Unfed Billions,…
Arriving in the 21st century
I Experienced my epiphany about consumer media a couple of years ago on a Tokyo subway When I lived in Japan in the mid- 1990s,…
New Age Guru peps up India story believers
“When you were five years old, you were happy nearly all the time. Somebody had to make you unhappy Now you are 30-plus and have…
STC-Anatomy of A strike
Inscrutable are the ways of public-sector trade unions. The Federation of the State Trading Corporation Employees’ Unions (FSTCEU) lived up to this image when it…
RESERVE BANK-MONEY TO BURN
Of all the functions of the Reserve Bank of India (RBI), there is one routine task crucial to the health of the economy: incinerating the…
TYRE PRICES – VASTLY OVER-INFLATED
Tyers are one essential commodity over which the Government seems to exert no control whatsoever. In the last six months prices have risen twice. And…
EXCISE DUTY-MORE SLAPS THAN SOPS
RANAB MUKHERJEE’s first budget, at first glance so redolent of status quo, is peppered with little booby traps. Two paragraphs in his speech have caused…
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From Flood To Trickle
Large advertisements in Delhi newspapers-last fortnight announced that Mother Dairy was being forced to dilute the fat content of milk supplied to the capital’s citizens…
PRISONERS- FIGHTING FOR A CAUSE
The salaried middle classes have time and again fallen prey to the Government’s more capricious economic decisions. But, one group that has suffered the most…
UTTAR PRADESH – PEACE OF THE GRAVEYARD
I know no one can do me no harm because happiness is a warm gun. Yes it is. Vishwanath Pratap Singh had cause to be…
UNTIL DEATH DO US PART
No Amount of civilised debate can take away from the savagery of the traditional Indian marriage. In the last few weeks, eight women have died…
SHARING LOSSES
Last week-end the seesaw battle being waged by Swraj Paul to take over Escorts and DCM slowed to a less suspenseful motion when the London-based…
THE TIGHTENING NOOSE
On Summer nights all over north India. people put out hundreds of thousands of cots in the open air to sleep on. Most of the…
MONSOON BLUES
There are times when India looks invincible, bursting with food stocks and blessed with a government that is gungho about its workability. But the rain…
POWER PROBLEM
September 1981 to go into the question of revising the rates of forest produce. The eight-member committee, chaired by the chief secretary, consisted of the…
HAKSAR’S LAST HURRAH
Sentimentality rarely intrudes in to shareholders’ meetings, but this one was different. Over 3,000 had gathered in the incongruous setting of a Calcutta cathedral compound…
FIREFILES CAUGHT IN A LOGJAM
Without second-generation reforms and a drastic overhaul of its institutions, India is condemned to mediocre income and growth. As befits an ancient land, India is…
“THIS YEAR WE WILL FALL SHORT OF THE TARGET”
It is two years since you took charge. How are you tackling the skilling challenge? The scale of the problem is huge. A combination of…
Uncertainty Principle
A disgraced Ranbaxy has a long and expensive journey ahead before it regains the trust of global and Indian customers. By E. Kumar Sharma and…
WE LOST THE PLOT
Kishore Biyani reveals why he sold a controlling stake in his flagship Pantaloons stores to the Aditya Birla Group in a candid conversation with Chaitanya…
HOW TO DO A MANAGEMENT BUYOUT AT 30,000 FEET
The next time you are flying somewhere, do not bury your nose in a book or plug in your earphones. Take a good look around.…
A LONE PRIME MINISTER IN A NATION OF PRESIDENT
Quit moaning and hear the good news, folks! India is going to be the world’s largest beef exporter in 2012, beating out Australia and Brazil…
Interview: Osamu Suzuki
MARUTI WILL NOT END Simmering unrest among contract workers at the Manesar (Haryana) plant of Maruti Suzuki exploded in violence and arson on July 18;…
Interview: Upendra Kumar
“There are companies which are defying the law…. We have taken a series of measures” In the 20 months he has been Chairman of the…
CEO COMPANSATION
SWIMMING IN IT Until July 1991, directors at Indian companies could not be paid more than ₹15,000 a month. Commissions as a percentage of net…
Interview: Robert Zagha
Roberto Zagha has been the World Bank’ s Country Director in India since January 2009, when the economy was reeling from the global financial crisis…
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…
“WE WERE LEADER BUT WE WERE NOT LEADING”
HUL contributes just 6.3 per cent to Unilever’s global revenues. Where does India stand among emerging markets? Manwani: Emerging markets are not just important; they…
INTERVIEW Y.C. Deveshwar
YOGESH CHANDER DEVESHWAR has been with ITC for nearly 43 years. the past 15 as chairman and chief executive. Having turned ITC into a multi-…
Lemmings or Llamas?
The US is on life support, and Asian creditors led by China, which holds $1.16 trillion of US treasuries, control the intravenous drip. Asian central…
“ India a $10 Billion Market In five Years “
On the US economy Things are getting better in the United States. It’s a slow recovery and some of that is based on how steep…
Lean on Me
The US economy needs India more than ever, says Chaitanya Kalbag Barack Obama had barely walked out of Parliament’s Central Hall when the debate began…
Most Powerful Women in Business
“In India, I See a Lot More Acceptance of Gender in the Workplace” Do you think the India-us CEO Forum you are a member of…
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…
GREAT STRESS TEST
Since you all love acronyms for the Good and Simple Tax and the Grand Stupid Thought, the headline is my humble contribution to your lexicon.…
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…
HOLLOWING OUT
Privatisation will work only when the government sells more than 50 per cent of a state-owned company’s capital to the public and relinquishes management control.…
SELL SELL SELL
Two numbers speak eloquently about our schizophrenia over privatisation: the Rs 2.11trillion ($32.5 billion) package announced on October 24 to recapitalise public-sector banks (PSBs); and…
SHOW ME THE JOBS
The government is striving mightily, but the needle is moving inexorably lower on the jobs meter. The Centre for Monitoring Indian Economy (CMIE) and the…
BHAG PIYUSH BHAG
Piyush Goyal is a chartered accountant, lawyer, former investment banker, former Bharatiya Janata Party treasurer, and a go-getter. Goyal, who likes taking leadership courses (currently…
ENOUGH ALREADY
I wish the government would stop trying to defend demonetisation. Every time there is bad economic news, the government jumps upto proclaim that demonetisation was…
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Sushma swaraj said it simply in parliament in early august when she ruled out war with China over the Doklam plateau: “China has contributed to…
HOW TO MAKE MORE WITH LESS
How much a hurry is prime minister Narender Modi in? It depends on your horizon. By one measure, he has 22 months, but then he…
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,…
CLOSE,, BUT NO CIGAR
Finance Ministers take on a certain air when they think things are going swimmingly and nothing can rock the economy when it is cruising along.…
FINGER ON THE PULES?
Two-third of indians depend on agriculture for their livelihoods. As our farm crisis deepens, the government is tinkering around the edges by pushing irrigation, rural…
KEEP THE BALLAST
Narender Modi’s first term in office will be bracketed by malodorous stand-offs with two governors of the Reserve Bank of India. The bad blood between…
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…
FUTURE TENSE
So let’s see: 2018 is supposed to be a good year for India. We have low inflation, the monsoon may be normal, manufacturing is finally…
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…
VIRAL FEVER
Start exercise your smartphone thumb, because the next big election will be fought on our mobiles. The latest Internet and Mobile Association of India survey…
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…).…
ELEVENTH HOUR
In India If You Book a Plumber to come And Rescue You from a flooded bathroom, chances are you will get a call at 11a.m.…
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…
Hell For Leather
Hell for leather means to run very fast, but the leather industry in and around Kanpur has nowhere to run. Hundreds of tanneries and manufacturing…