Latest articles from World

Clean-up boosts investors’ trust

February 3, 2004

Erol Sabanci, chairman of Akbank, tells Stephen Timewell of his optimism on recent sector reforms and the political and economic outlook for Turkey.

Auctions fuel growing distressed debt market

February 3, 2004

The Czech Republic’s distressed debt market is burgeoning. If insolvency law and other legal obstacles are addressed, banks could begin to extend new loans with confidence, says Robert Anderson.

KBC refuses to be beaten

February 3, 2004

Heavy losses in Poland and a fraud in Hungary have tarnished KBC’s central European crown but it plans to persevere in the region. Nicholas Spiro reports from Warsaw.

Conditional success

February 3, 2004

Indonesia is looking forward to growth this year, but this depends on whether the government can reduce corruption and achieve political and economic stability, writes Peter Janssen in Jakarta.

Moving in the right direction

February 3, 2004

Since the Asian crisis, Indonesia’s banking system has been shaken up and streamlined. Despite this, scandals still occur. Tim Johnston assesses progress so far, and discusses what the priorities must be for the recovering industry.

Big predators wait in wings

February 3, 2004

Some companies are already reaping the rewards of a bold decision to invest in Indonesia’s banking sector, but one investor is asking how long they will be able to operate before the big banks decide to move in.

Removal of deficit takes priority

February 3, 2004

When Indonesia graduated from the IMF programme at the end of last year, it brought to an end a traumatic six-year relationship, but since then the country has emerged stronger and more fiscally disciplined.

Taiwan’s outlook hangs on poll

February 3, 2004

Prospects for economic upgrade and liberalisation depend on the results of the coming presidential elections. Dennis Engbarth reports from Taipei.

Crime no longer pays

February 3, 2004

The cost/benefit analysis for prospective financial criminals in Taiwan has shifted sharply toward higher costs in the wake of the national legislature’s passage on January 13 of stiffer penalties for a wide variety of offences and the Democratic Progressive Party (DPP) government’s willingness to prosecute influential perpetrators.

Asset managers’ Latin boom

February 3, 2004

Jonathan Wheatley reports on the phenomenal growth opportunities of the asset management industry in Latin America, with Brazil leading the pack.
When Brazil introduced a temporary tax on financial transactions, the CPMF, in 1997, it was met with howls of protest. It was a regressive tax that would damage the competitiveness of Brazilian companies, critics said, and once introduced, it was unlikely to be withdrawn. The tax has indeed persisted and is much despised. But one industry has done well from it: asset management.

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