Deep in hock

Article Abstract:

Many financial borrowers in Japan are heavily debted to creditor companies because it was easy during the 1980s to borrow money. An individual could borrow up to $14,000 even without collateral or other conventional creditworthiness requirements. As a result, the borrowersare having a hard time paying up during the economic slump. In a way, the borrowers are hoping for an economic recovery to save them from their problems.The national economy, on the contrary, is dependent on consumer well-being in order to improve. In the meantime, banks and creditor companies are revising and tightening their lending policies.

Personal credit institutions, Analysis, Economic aspects, Japan, Finance, Credit, Consumers, Debtor and creditor

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Right place, right time: Marconi uses Portuguese colony for ambitious telecoms strategy

Article Abstract:

Portugal-based Marconi Comunicacoes Globais has risen rapidly in Asia under Filipe Cunha Santos's leadership, and has ambitions to be a major regional player in telecommunications. Marconi owns 28% of Macau telephone monopoly Cia de Telecomunicacoes de Macau. CTM's resources could help Marconi in its bids to build infrastructure for Macau's new airport, establish a digital mobile telephone network, create a cable tv network, and sell satellite communications services, among other projects.

Telecommunications, Telephone Communication, Foreign operations, Foreign investments, Telecommunications industry, Macao, Marconi Communications Inc.

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