Fine-tuned for profit

Article Abstract:

Three Singaporean defense-related companies, among them Singapore Aerospace Ltd (SA), showed strong financial performances despite cutbacks in global military spending by maintaining a domestic monopoly and diversifying into civilian markets. SA's revenue and earnings have grown rapidly due to its expanding maintenance operations and contracts from foreign air forces and aircraft and engine manufacturers. The company's profits are projected to increase by about 10% in the coming years. Singapore Shipbuilding and Engineering and Singapore Automotive Engineering also performed well financially.

Aircraft, Finance, Defense industry, Singapore Aerospace Ltd.

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Fangs of the dragon

Article Abstract:

The Chinese navy is embarking on a massive arms buildup to strengthen its naval capability. China's navy is the main part of its military involved in increasing Chinese military presence in the disputed Spratly island group in the South China Sea. The other countries who are laying claim on the Spratly islands, Vietnam, Malaysia and the Philippines are also strengthening their respective navies in response to the Chinese threat. The increased naval presence of the countries involved in the claim could trigger battles in the region.

China, International relations, Chinese foreign relations, Strategic aspects, Navies, Association of Southeast Asian Nations, Spratly Islands, South China Sea Region

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State within a state; Citic devolves power to local units in China

Article Abstract:

China International Trust and Investment Corp is investing heavily in large-scale prestige ventures in services and property as top management works out plans to treble the corporation's assets by the year 2000. Changes are being undertaken to provide local subsidiaries with more autonomy in formulating business strategies and profit-incentive schemes have also been implemented.

Holding companies, not elsewhere classified, Investments, Holding companies, Cover Story, China International Trust and Investment Corp.

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