Aussie profits from Asia. (Australian corporations earned more in Asia than in other countries)_

Article Abstract:

Research initiated by the Business Council of Australia indicates that Australian corporations' 1991 income from Asian subsidiaries was greater than that from other regions. About A$562 million was earned from Asia while losses were A$96 million in Britain and A$1.5 billion in the US, Canada and Mexico. Other profitable places were New Zealand, with a profit of A$238 million, Europe, with a profit of A$102 million, the Caribbean region with a profit of A$221 million and the combined regions of South America, Africa, and the Middle East with a profit of A$44 million.

Finance, Asia, Corporations, Corporations, Australian

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Spending for the polls

Article Abstract:

Australia's budgetary deficit equivalent to US$9.6 billion in Jun 1993 has been reported by the country's economists without significantly upsetting the financial markets. Investors are glad that the size of the deficit was not as large as expected considering that 1993 is an election year. Australia is hoping that the economies of both the US and Japan would recover in due time from the worldwide recession. With this desired development, Australia expects to gain momentum in its economic growth aims.

Economic policy, Government spending policy

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Treasure islands

Article Abstract:

The nations of Vanuatu and the Cook Islands are succeeding in becoming tax havens and financial centers in the south Pacific region. Both nations are actively marketing their services and are offering additional inducements for offshore companies. Two other regional tax havens, Nauru and Western Samoa, are improving their services and facilities in order to attract offshore financial institutions.

Pacific Ocean, Tax havens, Foreign banks, Pacific Area

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