Reasons of state

Article Abstract:

Philippine debt negotiators have ignored an investigative committee's recommendation excluding a $256.6 million loan lead-managed by Citicorp in 1976 from a debt restructuring package with commercial banks. The presidential investigative committee was formed to look into allegations that Citicorp, in collusion with Westinghouse Electric Corp, replaced American Express Bank as lead manager and adviser for the Bataan nuclear plant loan. The committee also reported that Citicorp channelled bribes paid out by Westinghouse into the Swiss bank account of Herminio Disini.

Bank holding companies, National commercial banks, Foreign trade & international banks, Investigations, Bribery, International financial institutions, Citicorp

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Aiming for the top

Article Abstract:

The Asian Institute of Management (AIM) in Manila, Philippines offers MBA-type degree courses that equip students to do business in Asia. AIM, which was established in 1968, is privately funded and is comparable to the Harvard Business School in training methods and quality. The emphasis is on class participation and analysis of business cases. AIM also offers short-term courses and training programs in fields such as banking and construction.

Management, Schools, Study and teaching, Manila, Philippines

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The Thai factor

Article Abstract:

The economic impact of Thailand's currency devaluation influences Southeast Asian as stockmarkets in the region begin to crumble due to fears of economic depression. However, Southeast Asian governments are doing all means to raise their respective economies through regulations.

Analysis, Economic aspects, Stock-exchange, Stock exchanges, Thailand, Influence, International trade, Southeast Asia, Baht (Thailand)

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