BankBoston's plan for paper film sidesteps fear of risks

Article Abstract:

BankBoston NA has issued a $100-million loan to Asia Pulp & Paper Co. (APP), based in Singapore, but has averted the risks in the Indonesian market as it lends against goods held offshore. Under the deal, financing will be given to APP, parent of Sinar Mas Group of Indonesia, but the collateral will be the pulp and paper in Singapore. APP Paper Trading Pte. Ltd. will purchase the goods from APP companies and will sell them in Europe, Asia and the US. The deal is considered to be beneficial to APP as it will help the company to make up for lost revenues in its neighbor countries.

Comment:

Receives $100-mil loan from BankBoston, which also has averted risks in the Indonesian market

Commercial Banks, Commercial Banking, Receipt of funds, Woodpulp & Related Products, Pulp Mills, Singapore, Use of Funds, Wood pulp industry, Asia Pulp and Paper Company Ltd., FleetBoston N.A., Article

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Yuan devaluation would pose risks for China

Article Abstract:

The Chinese government must underscore the improvement of consumer spending in order to acquire long-term economic development. Instead of devaluing the yuan currency, national leaders must focus on reducing government spending and interest rates. Policies towards improving export growth and cash inflow must also be adopted so as to create enough leverage for growth. Creating an efficient credit market may likewise be instrumental in enhancing the spending capacity of citizens.

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