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Asia Economy

NEWS
November 26, 1991 | CHARLES P. WALLACE, TIMES STAFF WRITER
Prince Norodom Sihanouk, who waged a decade-long guerrilla war against the Cambodian government, now calls Prime Minister Hun Sen his "second son." Vietnam and China, which have feuded for 2,000 years, have publicly patched up their differences. Devoted Marxists are now confirmed capitalists. Vietnam sought business advice from Singapore's staunchly anti-Communist former leader, Lee Kuan Yew. A beleaguered Russian diplomat even tried to sell the Soviet Cultural Center here to the United States.
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NEWS
July 27, 1998 | ROBIN WRIGHT, TIMES STAFF WRITER
Prime Minister-designate Keizo Obuchi of Japan promised U.S. officials Sunday that he would do "whatever it takes" to revitalize his nation's economy and help to reverse Asia's yearlong financial crisis. Meeting with Secretary of State Madeleine Albright here at a gathering of foreign ministers from Southeast Asia and other nations, Obuchi said he is committed to following through on a $42.
NEWS
June 18, 1998 | JAMES FLANIGAN and EVELYN IRITANI, TIMES STAFF WRITERS
The U.S. intervention to bolster the Japanese yen bought "breathing space" for Asia's troubled economies, experts said Wednesday. But the big change was in the U.S. capital, not in Asia. Washington's action signaled a more forceful U.S. role in helping the Japanese economy rebound and in helping the rest of Asia recover from its financial crisis. The U.S. moves also, in effect, placed a floor under the yen and other major currencies in Asia.
NEWS
October 23, 2000 | EVELYN IRITANI, TIMES STAFF WRITER
Victoria Leung is a master of the unspoken word, the not-so-innocent question, the sympathetic smile. She knows the danger of saying too much. Leung knows she has only a few moments to sell herself--to tell a potential client that she works for a firm called Rebound; that she can help his company get rid of its unwanted goods; that his problems are her own. What she doesn't mention upfront is that Rebound, an online auction site, relies on the Internet.
BUSINESS
June 7, 1998 | JAMES FLANIGAN, TIMES SENIOR ECONOMICS EDITOR
It's not easy to see a bright future in Asia today. The financial crisis that began last year with currency devaluations and loan defaults has plunged many Asian economies into recession and sparked social unrest in others. The threat of a deep and lingering regional depression is very real.
NEWS
August 31, 1998 | EVELYN IRITANI, TIMES STAFF WRITER
Like a vortex, the global market collapse driven by Moscow's political and economic tumult last week promises to prolong and deepen the Asian crisis that helped trigger Russia's woes in the first place.
NEWS
March 3, 1998 | DAVID LAMB, TIMES STAFF WRITER
Just as life was getting really desperate, a man came to Prasert Kingsaklang's village. He went door to door telling villagers about well-paid construction jobs in Singapore and Kuwait and other exotic places. Prasert, 40, whose tiny rice farm had failed because of drought and whose wife made only a pittance selling noodles, knew friends who had gone abroad to work. They always came back with enough money to buy a small farm machine or build a house.
BUSINESS
April 1, 2001 | TYLER MARSHALL, TIMES STAFF WRITER
It began in the debris of Asia's financial crisis as one company's struggle to get out from under a mountain of debt. Four years later, the story of Thai Petrochemical Industries, one of Thailand's biggest industrial companies, remains that and more. Above all, TPI's is a cautionary tale underscoring a lingering weakness of many Asian economies in the wake of the 1997 crisis: the difficulty of transforming prestigious but deeply indebted companies into engines for economic growth.
NEWS
July 15, 1998 | DAVID LAMB, TIMES STAFF WRITER
Just a year ago, billboards in Malaysia proclaimed "The Future Is Now," and Britain's respected Economist magazine reported that 1 billion--yes, 1 billion--previously poor Asians were entering the middle class. With boom times seemingly destined to roll on, academics and financial experts cast about to find common denominators to explain Asia's extraordinary growth and enhanced living standards--Malaysia's per capita income, for example, jumped from $350 in 1957 to almost $5,000 in 1997.
BUSINESS
December 30, 1998 | CHRIS KRAUL, TIMES STAFF WRITER
What Asian crisis? Companies from Japan, Taiwan and South Korea continue to pour into Baja California, setting up factories in Tijuana and environs to satisfy the strong U.S. market for their consumer electronics and appliances. Boosted by the Asian arrivals, Baja's foreign-owned factories, called maquiladoras, numbered 1,045 in November, up 12% from a year earlier. More than 221,000 people now work at these plants, a 6% bump.
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