Recession slows Bombardier in Asia

Article Abstract:

Bombardier Inc., a Montreal, Quebec-based company, has seen its business prospects in Asia decline as a result of the economic crisis that continues to plague the region. Bombardier has already completed the state-of-the-art light rapid transit (LRT) in Kuala Lumpur, Malaysia, which it had hoped to serve as a showcase to sell the same infrastructure in other Asian countries. Bombardier initially delivered 70 rail cars to Kuala Lumpur and its hopes to add more rail cars have been thwarted by LRT system operator Putra's hesitation to proceed with its expansion plans. Two other Malaysian prospects, the province of Penang and the city of Johar Baru, have also backed out from heir plans to build mass transit systems.

Comment:

Sees its business prospects in Asia decline as a result of economic crisis that continues to plague region

Strategy & planning, Railroad Equipment, Railroad Rolling Stock Manufacturing, Railroad equipment industry, Bombardier Inc.

---

Manulife's expansion into India delayed again

Article Abstract:

Manufacturers Life Insurance Co. of Toronto, Ontario, has decided to putt off its plan to establish a partnership with Unit Trust of India in order to enter India's insurance market. The move to delay its entry to the Indian market was resolved after India's coalition government issued its first budget on June 2, 1998 that made only a vague reference on whether Indian companies would be allowed to take on foreign partners. Manufacturers Life started talks with Unit Trust in 1997 to sell life insurance as well as retirement and pension products.

Comment:

Puts off plan to establish partnership with Manufacturers Life Insurance Co of Toronto, Ontario

Life Insurance, Direct Life Insurance Carriers, Strategic alliances, India, Unit Trust of India, Manufacturers Life Insurance Co

---

Divided we stand; Canada, as we know it, is dying. A month spent hitchhiking from sea to sea leaves our writer certain that the nation is embroiled in change that will either kill it or make it stronger

Article Abstract:

The changes observed by hitchhiker John Stackhouse in the Maritime provinces of Canada, and later, in the rest of the country, are discussed.

Research and Development in the Social Sciences and Humanities, Population information, Social & Behavioral Sciences, Social aspects, Social change, Social indicators, Social evolution, Maritime Provinces

Similar abstracts:

• Abstracts: Toronto group awarded stake in TVX mines. Glamis to review plans in light of slumping gold prices
• Abstracts: TransAlta becomes largest power retailer in New Zealand. Merger makes sense to coal rivals
• Abstracts: Bombardier lands jet bonanza. Bombardier clinches record jet deal
• Abstracts: Passionate publisher chronicles biotech revolution. Publisher to run Primedia division. American Family will pay $33M settlement
• Abstracts: Tom Bentley, public policy analyst. Alistair Mant; organisational change agent

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.