Back from the dead: Indonesia's Salim Group helps to revive Tech Pacific

Article Abstract:

Australia's Tech Pacific has become the Asia-Pacific area's top distributor of computer hardware and software and a major seller of cellular phones, only six years after near-collapse. The Salim Group of Indonesia took over with its Hong Kong branch, First Pacific, and installed Graham Pickles, then the head of a Tech Pacific subsidiary, as overall head. Sales have shot from A$190 million in 1991 to an expected A$1 billion in 1995, and profits are up from break-even in 1992 to A$17 million in 1994, due to efficiency and focus.

Computer Stores, Computer and Software Stores, Computer industry, Investments, Salim Group, Tech Pacific

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Making tracks: BHP stakes its No. 1 claim

Article Abstract:

Mining and energy company Broken Hill Proprietary this year repeated its past appearances as Australia's overall top corporate leader. Australia's largest company, on Dec 1, 1995, it announced what may be the country's largest corporate acquisition yet, the purchase of US copper mining and processing company Magma. Other strong finishers in Far Eastern Economic Review's REVIEW 200 include state-owned telecoms firm Telstra, national airlines Qantas Airways, and Rupert Murdoch's News Corp.

Primary Iron & Steel, Iron and Steel Mills and Ferroalloy Manufacturing, Blast Furnace and Basic Steel Products, BHP Billiton Ltd.

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Labor's humiliation

Article Abstract:

Australian Prime Minister Paul Keating's ruling Labor Party was dealt a major blow as Victorian state election results showed voters dumping Labor bet Joan Kirner for Jeff Kennett who led a conservative coalition. Kennett's coalition of Liberal and National parties won a majority in the state legislature as Victorians seemed bent on punishing the Labor government for massive financial mismanagement.

Political activity, Elections, Victoria, Australian Labour Party, Victoria, Australia

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