Ansett and match

Article Abstract:

Singapore Airlines has offered to purchase a 50% stake in Ansett Holdings, which owns 49% of Australian airline Ansett International, for $320 million. This deal would allow Ansett to be associated with one of Asia's most profitable airlines, while Singapore Airlines would benefit from being able to fly between the US and Australia without capacity limitations. Other large deals in the Asia Pacific region include Deutsche Bank's decision to sell BT Funds Management, the Australian fund management unit of Bankers Trust.

Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, Planning, Airlines, Singapore Airlines Ltd. (Singapore), Ansett International

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Malaysia: The Lion's share

Article Abstract:

There have been considerable problems at Malaysian steel concern Perwaja Terengganu, which is 81%-owned by the country's ministry of finance, over recent years. Money has been taken from the country's large state pension fund and from local commercial banks to prevent the company from collapsing, but the government is now seeking private sector support. The main investors are set to be Tan Sri William Cheng, owner of the Lion Group of companies, and Abu Said Mohamad, owner of the Maju Group.

Iron and Steel Mills, Blast furnaces and steel mills, Raw Steel, Investments, Steel industry, Perwaja Trengganu Sdn. Bhd.

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Thailand: massive shake-out

Article Abstract:

Significant changes are taking place in the Thai financial services industry as the country's economy and financial markets begin to experience difficulties. The government has had to put together a rescue package for Finance One, formerly the country's largest finance company, and there are concerns that this will prove too expensive. It will require extensive investment to rescue the country's financial system, and this will create some opportunities for foreign concerns.

Financial Services, Finance and Insurance, Financial services industry, Thailand

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