UOB Asset launches fund

Article Abstract:

Singapore-based UOB Asset Management Ltd unveiled its new global bond fund which will provide a new option to other UOB funds. UOB Asset, the asset management unit of United Overseas Bank Ltd, unveiled the new fund as the first of 7 global funds included in the United Global Portfolios offered by UOB Asset. The fund requires about $10 mil to $15 mil for the fund to be feasible. The fund will be divided into a Singapore dollar-denominated and a US dollar-denominated which will be handled similarly.

Services, Singapore

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Recapitalizing damaged banks and initiating structural reform may ameliorate credit crunch

Article Abstract:

The Southeast Asian region will continue to experience the effects of the currency crisis though some countries such as Korea and Indonesia have made progress with foreign-debt servicing and improved stock market performance. Measures must be taken to recapitalize local banks hard hit by the crisis and necessary measures be made to account for losses incurred. Lessons can be learned from past economic crises in Latin America, which have recovered through government regulation and reform.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Banking Regulation, Intnl Banking Services, International Trade Financing, Analysis, Column, Asia, Banking law, Currency devaluation, Devaluation (Currency), International banking

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Southeast Asian funds fold

Article Abstract:

Some mutual fund investors are liquidating their Southeast Asian funds as unstable political systems, weak currencies, and poor corporate governance have caused inadaquit investment returns. However, management companies do not intend to discontinue smaller funds in the near future.

Use of Funds, Southeast Asia, Statistical Data Included, Management, Mutual funds

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