Slow growth keeps nation's economy ahead of its peers

Article Abstract:

Philippines displayed a remarkable economic performance during the first half of 1998, as banks and export rates continue to show sign of modest improvement despite the ongoing regional crisis in Asia. Statistics revealed that exports grew by 19% during the period while seven of the Philippines' leading banks recorded increased profits. Economists expect the country's gross domestic product to grow by 1.5% to 2.5% while non-performing loans are anticipated to increase by 15%. SM Prime Holdings Inc maintains its status as the leading shopping mall operator in the Philippines, posting a 24% increase in total sales for the first quarter of 1998.

Gross National Product, Banking industry, Economic aspects, International trade, Philippines

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Formula One takes pole position in Asia: Kuala Lumpur, Zhuhai step on gas despite checkered economies

Article Abstract:

Formula One automobile racing will expand Asian coverage by adding competitions in Kuala Lumpur, Malaysia, and Zhuhai, China, in 1999. Although the agreement is considered conditional, the Federation Internationale d'Autombile has indicated that only minor details are being finalized for the events. The races are expected to boost the two countries' tourism markets and benefit companies that can secure sponsorship rights. Prior to this development, the races were held only in Suzuka, Japan.

United States, Marketing procedures, Marketing, Asia, Recreation, Grand Prix racing, Automobile racing

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Another Lazaro confronts Manila's shortcomings

Article Abstract:

Angel Lazaro III has been chosen by Philippine president Fidel V. Ramos to manage the privatization of the Manila Metropolitan Water and Sewerage System (MWSS). The water crisis has resulted in the leakages of up to 1.4 million cubic meters a day. Lazaro is characterized as tough and restless. He owns his own engineering consultancy Angel Lazaro & Asso. Inc.

Water, Sewer, and Pipeline Construction, Sewer & Water Systems, Water Supply and Irrigation Systems, Administration of Air and Water Resource and Solid Waste Management Programs, Water supply, Heavy Construction, Except Highway, Water Supply Projects, Management, Public works, Practice, Economic policy, Sewer systems, Manila, Philippines, Ramos, Fidel Valdez, Lazaro, Angelo III

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