Souring sentiment: riots send shudders through investors

Article Abstract:

Political risk dominated investors' minds as they eyed Indonesia's riots and the underlying question over succession of the aging President Suharto. Amid wild rumors, analysts questioned the economy's ability to rebound, and the premium sought for political risk is increasing. That will make financing more expensive for many small companies, possibly slowing the growth rate. The economy had been fundamentally sound, with an Asia-leading projection of 18% growth in corporate earnings for 1996.

Stocks & Other Equity Securities, Political aspects, Indonesia, Financial markets, Riots, Government, Resistance to, Government resistance

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Prodigal return

Article Abstract:

Asset trader Oei Hong Leong has returned to the Singapore Stock Exchange by arranging his China Strategic Investment to sell two Chinese subsidiaries to Causeway Investment, s Singapore-based industrial gas and welding equipment firm. Oei will get a 31% stake in Causeway in exchange. The Singapore Stock Exchange must still approve the deal. Oei achieved a formidable reputation as a trader through such deeds as purchasing 40 companies in Fujian province, China at one stroke.

Mergers, acquisitions and divestments, Investments, Securities listing, Singapore Exchange Securities Trading Ltd., Oei Hong Leong, Causeway Investment, China Strategic Investment

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An insurer's dream: but how long must foreign firms in China wait?

Article Abstract:

Foreign insurers have considered China's commercial insurance industry and determined that it needs to develop first. Local insurers do not provide clear terms and claims are discouraged through threats. China is in the process of creating a commercial insurance industry but foreign insurers are delaying because of limited demand and the likelihood of initial limits on competition. Demand has been growing, 30% in 1994, but still only equals around 11.2 trillion renminbi.

Insurance Agencies and Brokerages, Insurance agents, brokers, & service, Insurance Agents & Brokers, China, Insurance industry

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