Behind the apartment door

Article Abstract:

Asia's newly affluent defy many stereotypes, though some hold true, according to the results of a survey of Far Eastern Economic Review readers. The leading 'essentials' for the good life include a happy marriage, children, and an interesting job, and spirituality is especially important to Indonesians and Filipinos. South Koreans are likeliest to work on Saturdays and to report being stressed out, and care the least about self-reliance as a cultural value. Mobile-phone ownership, travel habits, and personal fulfillment are also explored.

Social aspects, Surveys, Rich, Rich people, Life style, Lifestyles

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Pass the port: private clubs cash in on Asia'a newly rich

Article Abstract:

Dieter Klostermann's Club Corp of Asia has done well by catering to the desires of Asia's nouveau riche with private clubs akin to those many associate with England. Taiwan saw the first club open in 1983, and now the group owns or runs 18 clubs in 12 countries, with 14 more scheduled for the next two years. Last year revenues reached $200 million; they should grow 10% to 15% in 1995. The group has 35,000 members, with initiation fees paying for expansion and monthly dues covering operating expenses.

Economic aspects, Buildings and facilities, Recreation, Country clubs, Club Corp. of Asia

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October surprise

Article Abstract:

Some stockmarket analysts detect signs that a crash like that of Oct 1987 may occur in the fall of 1993. Worldwide overvaluing of stocks is cited as one indication. However, trends in interest rates and corporate earnings may counteract the effect of overvaluing. Some analysts look for an obsession with indexes as a harbinger of decline, while others forecast a correction rather than a crash. General anticipation of a crash may prevent one.

Forecasts and trends, Stock-exchange, Stock exchanges

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