Midas touch

Article Abstract:

A lawyer has filed a request to have the assets of President Fidel Ramos frozen because he claims to have a document which proves that Ramos deposited $466 million of gold in a Swiss bank account. The gold is thought to be the hidden treasure of President Marcos. Ramos and the bank deny the accusation and claim that it is a conspiracy to tarnish his previously clean image. The speculation is damaging for Ramos, especially as elections are only eight months away. The story of the hidden gold has inspired numerous searches, including one by former President Corazon Aquino.

Politics NEC, Usage, Political aspects, Politics, Malicious prosecution, Treasure-trove

---

Plugged in: Korea's LG uses savvy marketing and connections to sell electronics

Article Abstract:

Korea's LG chaebol, formerly Lucky Goldstar, has found talented employees and strategic advantage in the Philippines, complementing its globalization-localization philosophy. It linked up with the Benito Lim family of marketers and distributors to create LG Collins Electronics Manila and LG Collins Electronics Philippines, part of an aggressive push into Southeast Asia. Samie Lim has quadrupled the Philippine branches' sales, both exports and domestically, in three years with a tactic of concentrate and dominate.

Management, Foreign investments, Electronics industry, LG Collins Electronics Philippines

---

High ambition

Article Abstract:

The purchase of French state-owned consumer electronics concern Thomson Multimedia will make Daewoo Electronics, a South Korean producer of television sets, the largest producer in the world of television sets. It will also gain a very strong presence in the worldwide consumer electronics industry as a whole. However, some observers are expressing reservations about the deal, claiming that Thomson Multimedia will prove a great financial burden for Daewoo.

Mergers, acquisitions and divestments, Consumer electronics industry, Thomson S.A., Daewoo Electronics Company Ltd.

Similar abstracts:

• Abstracts: Shifting into high gear. Distribution. Outsourcing the transport: contracting out your distribution is not as easy as you might think
• Abstracts: Fragile prospects. Risky business. Power plan
• Abstracts: Seeds of ferment. Kuok vs Shaw. Virtual reality: tycoons try to project unity amid certainty
• Abstracts: Marking time on Korea talks. U.S. press shifting on China
• Abstracts: Asia's leading companies. Come together: investment and trade links are growing rapidly in Asia

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