Despite turmoil, foreign investors flock to the islands

Article Abstract:

Philippine President Fidel Ramos' persuasive demeanor is helping the economy attact a constantly increasing number of foreign investors even as many of the Asian nations are reeling from the region's economic crisis. Foreign investments reached 234 bil pesos, or $5.82 bil, for new plants, equipment and infrastructure in 1997, a 95% hike versus 1996's level. The influx of foreign investment provided a protection against the falling Philippine peso. However, vehicle sales fell 15% in 1997 and a further 20% drop is seen in 1998.

Administration of General Economic Programs, Foreign Investment Regulations, Export Promotion, Foreign investments, Philippines, Foreign investment laws, Foreign trade promotion

---

But wait - there's more: Asia is poised for further growth, economists say

Article Abstract:

Asia is on the verge of another economic boom, with an average economic growth rate of 7.3% annually in 1996 and 1997. With inflation rates declining and export growth predicted to recover in 1997, most of the region's economies will show robust growth until 2000, if not at the rapid rate of the past several years. These were the consensus of economists meeting in Manila, Philippines recently for the annual Economic Outlook Workshop sponsored by the Asian Development Bank to discuss the prospects for Asian economies.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Forecasts and trends, Economic development

---

ADB predicts Asia's economic growth will ease slightly for next two years

Article Abstract:

The Asian Development Bank expects a slowdown in Asia's economic growth between 1996 to 1998 although long-term growth prospects remain positive. GDP growth for the Asia-Pacific region excluding Japan was 7.9% in 1995 while growth will be 7.1% and 7.3% in 1996 and 1997, respectively. However, concerns have also been raised over the macro-economic management in rapidly-growing Southeast Asian nations.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Reports, Banks (Finance), Asian Development Bank

Similar abstracts:

• Abstracts: Furniture and furnishings in Netherlands. Furniture and furnishings in France. Furniture and furnishings in Belgium
• Abstracts: For car makers in Japan, time is of the essence. Hashimoto faces immediate concerns in his new post over economy, politics
• Abstracts: Chemists' goods in the Netherlands. Prospects and forecasts for consumer spending: Domestic appliances, audio-visual equipment, chemists' goods
• Abstracts: Managers say: stay cool to ride the Nikkei's waves. Undervalued shares are the way to go as Tokyo market stabilizes, analysts say
• Abstracts: In blow to foreign views, Vietnam plans to tighten state controls to spur growth. World Bank offers Vietnam money and advice

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.