Which way ahead?

Article Abstract:

Economic instability in Southeast Asia is casting a shadow over the future of the Asia-Pacific Economic Cooperation forum (Apec). It is widely recognized that Apec needs to focus on short-term measures to address the financial crisis in the region, but there is no agreement about what these measures should be. Some observers have suggested the creation of a $100 billion Asian bailout fund, while others prefer the idea of a more flexible arrangement based on a regional commitment to work together in times of crisis.

Management, Economic aspects, Asia, Asia-Pacific Economic Cooperation

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Boom and bust

Article Abstract:

Asia's financial sector looks set for a shake-out. The industry has grown rapidly since 1993 but analysts anticipate an equally rapid decline. The number of stock dealers and financial advisers in Hong Kong, for example, increased from around 8,000 in 1993 to almost 15,000 in 1997. Singapore's financial industry has had a similar rate of growth. Financial institutions across the region are now cutting back on costs and indicating that there might be redundancies.

Financial Services, Finance and Insurance, Financial services industry, Forecasts and trends

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Oil and water

Article Abstract:

A large oil discovery off the coast of Brunei in the South China Sea triggered a dispute between Brunei and Malaysia. The find is estimated to contain as many as 700 million barrels.

Petroleum industry, Malaysia, Discovery and exploration, Natural resources, Brunei, South China Sea

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