Even healthy firms are ensnared in financial meltdown

Article Abstract:

The Indonesian economic collapse has hurt even its most financially healthy, well-run companies such as PT Astra Sedaya Finance, in which GE Capital Services has a 47% ownership stake. PT Astra Sedaya Finance, which was fully hedged against currency fluctuations and up to date on loan payments, suddenly found itself in technical violation of a loan agreement in late 1997. Despite its sterling reputation, Indonesian bankers attempted to put it into default, a move GE Capital is helping it fight. The fight illustrates the new, brutal financial climate in Indonesia.

Finance, Investments, Indonesia, General Electric Capital Services Inc., PT Astra Sedaya Finance

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Financial evolution reshapes the region

Article Abstract:

The Asian financial crisis is now over. Two years after the currency crises of 1997, countries in the region are in the process of consolidating the economic gains made during the relatively strong recovery of 1999. In the financial arena, the post-crisis situation is now marked by a lessened demand for capital, fast-growing government deficits, liberalization of access to bond markets and stronger stock issuance. Banking systems have also been transformed as regulators move to revive public confidence in the region's financial markets.

Asia, Economic development, Expenditures, Public, Public expenditures, East Asia

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An emerging financial center

Article Abstract:

Lehman Brothers Inc. ranked Thailand as the top emerging financial center in Asia because of its diversified institutional investor base and sizable capital resources. The company credits Thailand's emergence as a prime financial center to the government's efforts to liberalize the financial services market and to deregulate the flow of external capital. Thailand hosts about 200 financial institutions that control a wide range of financial instruments.

Evaluation, Reports, Thailand, Lehman Brothers Inc.

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