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…
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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…
India’s Fernandes- former rebel, now with a cause
27 May 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, May 27 (Reuters) – In June 1976, after a year in hiding, George…
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…
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…
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…
AQUINO, SECURE IN POWER, PUTS ON BRASS KNUCKLES
28 July 1988 Reuters News English (c) 1988 Reuters Limited MANILA, July 28, Reuter – Philippine President Corazon Aquino, secure in power near the end…
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…
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…
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…
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…
Commonwealth chief says African democracy growing
20 March 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, March 20 (Reuter) – Democracy has taken root in most African countries but…
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…
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…
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…
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…
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…
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…
PHILIPPINE COCONUT CHIEF TO LOBBY AGAINST EC TAX
1 June 1987 Reuters News English (c) 1987 Reuters Limited MANILA, June 1 – Philippine Coconut Authority (PCA) chairman Jose Romero said he would visit…
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…
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…
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…
PHILIPPINE MINISTER ATTACKS CALL FOR DEBT REPUDIATION
7 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 7, Reuter – The growing call in the Philippines for a repudiation of…
FOREIGN FIRMS TO BE ALLOWED MANILA LISTING
18 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 18 – Foreign companies will be allowed to list their stock on the…
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…
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,…
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…
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…
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 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…
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.…
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…
ASEAN MOVES TO BOOST REGIONAL ECONOMIC COOPERATION
14 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 14, Reuter – Spurred by shrinking markets and the spectre of global recession,…
TAKESHITA PLEDGES TO OPEN MARKETS TO ASEAN
15 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 15 – Japanese Prime Minister Noboru Takeshita marked his first foreign trip by…
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…
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…
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-…
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…
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…
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…
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 AFTERMATH
GANESHA’S temple had never seen so many supplicants, all with unanswerable prayers Colombo’s Tamils call it Pillaiyar Kovil, and its ornamented gateway on Galle Road…
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,…
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…
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…).…