Tan triumphant

Article Abstract:

Lucio Tan is regarded as the richest entrepreneur in the Philippines and could be worth $8 billion. Tan's firms are not listed and only Philippine Airlines has borrowings. Tan is seen as a role model for many Chinese but others criticize him, arguing that he used favors from Ferdinand Marcos and does not pay enough in tax. Tan's interests include some of the largest companies in the Philippines, such as Fortune Tobacco, Asia Brewery and Allied Bank Corp. He has made money from large volumes and rapid turnover for low-end products with modest margins.

Beer & Other Malt Beverages, Breweries, Banking Institutions, Depository Credit Intermediation, Malt beverages, DEPOSITORY INSTITUTIONS, TOBACCO PRODUCTS, Tobacco Manufacturing, Management, Banks (Finance), Cover Story, Biography, Philippine Airlines Inc., Businessmen, Billionaires, Fortune Tobacco Corp., Asia Brewery Inc., Tan, Lucio, Allied Banking Corp. (Philippines)

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Do the right thing: Philippine government faces a moment of decision

Article Abstract:

Philippine president Fidel Ramos faces a choice between raising the current lid on oil prices and ending the unpopular value-added tax on services. Economists say he must do one or the other, though neither is politically expedient. The oil-price cap, effectively a subsidy to consumers, will soon cost the government an unaffordable 1 billion pesos per month, while the VAT is expected to bring in some 8 billion pesos annually, unless the House of Representatives tinkers with the exemptions.

Political aspects, Value-added tax, Price control, Price regulations

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The only way to fly

Article Abstract:

Three new privately-owned airlines have emerged to compete with national carrier Philippine Airlines (PAL) since the government of Fidel Ramos deregulated the country's aviation industry beginning in 1993. The entry of Cebu Pacific Airlines, GrandAir and Air Philippines have started a price war which benefits travellers. PAL was controlled by the government until it was privatized in 1992 and has been slow to respond to the growing competition.

Deregulation

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