Swings and roundabouts: it seems there's no gain without pain

Article Abstract:

The shipping industry had another mixed year in 1994, with plenty of orders but low prices and improved rates for westbound cargo across the Pacific before the Kobe earthquake confused matters. Japan caught S Korea in tonnage of ships ordered, but both are still waiting for the large numbers of new tanker orders they expect. A Philippine joint venture bought that country's first new ships in two decades, with more perhaps to follow. Several shipping lines agreed to share space, port facilities, and sailing schedules.

Freight Transportation, Freight transportation industry, Asia, Transportation, Shipping industry, Container ships

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Fine line: can Taiwan protect investors without scaring them off?

Article Abstract:

The Taiwanese SEC is striving to crack down on stock manipulators while exempting small-scale investors who benefit from inside information. The SEC sought to allay investors' fears by calling off a follow-up investigation to the earlier inquiry concerning manipulator Lei Po-lung's activities. However, the SEC cautioned investors that it would continue to be on the alert for manipulation that clearly goes beyond the legally ill-defined concept of insider information.

Laws, regulations and rules, Investigations, Manipulation (Securities), Taiwan Stock Exchange, Taiwan. Securities and Exchange Commission

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Taxation without representation

Article Abstract:

President-elect Bill Clinton's incoming administration's proposed tax on foreign-owned firms in the US will ultimately hurt the US economy. The tax will result in decreased foreign investment in the US which in turn will adversely affect employment and free competition. Moreover, since foreign firms in the US are not making huge profits as is widely believed, no gain in revenue is likely. Asian businessmen in the US will have to quickly lobby for their cause.

Analysis, Taxation, Foreign corporations, United States economic conditions

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