GE Capital sees expansion

Article Abstract:

GE Capital, the financial unit of US-based General Electric Co., is acquiring financial assets across Asia in efforts to break into the region's market despite its frustration in Malaysia. The company has been acquiring such businesses as insurance operations and troubled debt from Manila, Philippines, to Tokyo, Japan. For instance, the company formed a joint venture with Goldman Sachs & Co. to buy around $1.1 billion in Thai car loans at almost half their face value. GE Capital aims to enjoy 40% asset and revenue growth in Asia in the future. Asia, however, represents only 5% of GE Capital's $250-billion worldwide operations.

Comment:

Is acquiring financial assets across Asia in efforts to break into the region's market despite its frustration in Malaysia

Business Credit Institutions, All Other Nondepository Credit Intermediation, Commercial finance companies, General Electric Capital Corp., Article

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Phone company in comeback

Article Abstract:

Telecom Corp of New Zealand is on its way back to profitability after experiencing some difficulties in 1997. The company, once the favorite of investors since its privatization in 1991, encountered problems after a drop in the average price of long distance calls and the effect of the Asian financial crisis. Telecom, which is intent on pursuing growth in the Internet and mobile phone sector, has announced plans to invest from NZ$160 million to NZ$200 million in upgrading its mobile phone network to code-division multiple access technology.

On-Line Information Services, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Videotex & Teletext, Wired Telecommunications Carriers, Long Distance Telephone Svc, New Zealand, Management, Telecommunications services industry, Telecommunications industry, Cellular telephone services, Internet services, Long distance telephone services, Telecom Corporation of New Zealand Ltd.

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Small firms are among those that did best for holders

Article Abstract:

Small Asian businesses have delivered profits to their shareholders despite the economic crisis in the region. Some of them include IDT International Holdings Ltd, toy maker VTech Holdings Ltd and Thai Union Frozen Product PLC. According to investment analysts, these firms have weathered the economic storm in the region by restructuring, focusing their resources on export products and conserving cash. However, big companies have dominated their markets by exploiting their pricing power.

Sales, profits & dividends, Game, Toy, and Children's Vehicle Manufacturing, Games, toys, and children's vehicles, Small Business, Toys NEC, Finance, Toy industry, Toys, VTech Holdings Ltd.

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