Technology is feeling the squeeze

Article Abstract:

The 1998 Asian economic crisis has damaged the prospects of companies that export technology, but opportunities still exist depending on the country and industry targeted. South Korea, Indonesia, Malaysia and Thailand have been most damaged by the crisis. New Zealand, Australia, India, China and Japan have been least damaged. Finance, telecommunications, education and health industries are still good markets for software developers. With proper strategy, technology producers can survive the crisis.

Software, International aspects, Technology

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Lion city loses its economic roar

Article Abstract:

Regional forecasts predict the 1997 Asian financial crisis may halve Singapore's economic growth in 1998. Singapore's Ministry of Trade and Industry claims the economic growth will fall to around 2.5 and 4.5%, down from early estimates of 5 to 6%. The main drivers of the country's economic growth in 1998 will be construction and manufacturing sectors.

Singapore, Economic development, Growth

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Hong Kong spending spree

Article Abstract:

The Hong Kong government announced plans to spend US$30 bil on infrastructure projects between 1998 and 2003. Most of the funds will be devoted to transportation projects and half of the funds will be devoted to railways. Plans are also being made for road projects, building a container port on Lantau Island and developing housing projects.

Infrastructure (Economics), Economic aspects, Hong Kong

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