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East Asia Economy

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BUSINESS
February 11, 1991 | Times staff and wire reports
MALAYSIA: The government is expected to continue efforts to organize a new East Asian economic association, despite U.S. objections. Prime Minister Mahathir Mohomad last December called for formation of a larger Asian trading bloc to counter trade restrictions by Western nations should international trade talks involving the General Agreement on Tariffs and Trade fail.
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BUSINESS
July 27, 1999 | TOM PETRUNO, TIMES STAFF WRITER
It's getting uglier by the day in East Asian stock markets that not long ago were the belles of the global market ball. But that could mean a great buying opportunity is developing for investors who want to bet that the region's 2-year-old economic crisis is over and that the next few years will bring renewed growth. One attractive way to buy into foreign markets is via closed-end mutual funds that own shares in specific markets or regions.
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BUSINESS
January 7, 1998 | From Washington Post
The $43-billion international rescue plan for Indonesia's economy is in danger of coming undone, government officials and private analysts warned Tuesday, as the Asian nation's currency plunged to a record low and its government announced a budget that failed to meet targets set by the country's creditors.
BUSINESS
January 7, 1998 | From Washington Post
The $43-billion international rescue plan for Indonesia's economy is in danger of coming undone, government officials and private analysts warned Tuesday, as the Asian nation's currency plunged to a record low and its government announced a budget that failed to meet targets set by the country's creditors.
NEWS
November 30, 1997 | TOM PETRUNO, This article was reported by Times staff writers Tom Petruno and Evelyn Iritani in Los Angeles, Sonni Efron in Tokyo, David Holley in Seoul and David Lamb in Hanoi. It was written by Petruno
Just a few months ago, the 21st century still seemed certain to be the Asian Century--an era in which Western dominance of the global economy would be surpassed by Asia's mighty industrial engine and burgeoning wealth. Today, devastated by collapsed currencies and stock markets, their banking systems emasculated and their people's confidence deeply shaken, the eve of the 21st century finds the nations of East Asia facing perhaps their greatest challenge of the post-World War II era.
NEWS
November 30, 1997
A country-by-country look at the economic crisis that has swept Asia, and the challenges nations face in restoring growth. (Stock market and currency changes are since Jan. 1. Currency changes versus U.S. dollar). THAILAND * Currency decline: -36% * Stock market decline: -52% * Population: 60 million. During the export boom of the early-90s, Thai banks flush with cheap foreign capital lent heavily to domestic borrowers, fueling a real estate bubble. Imports surged.
BUSINESS
October 21, 1991 | KARL SCHOENBERGER, TIMES STAFF WRITER
Whose destiny is it to lead the Pacific into the 21st Century? Pundits are asking that question with increasing frequency, wringing their hands over the decline of Pax Americana, fretting about Japan's dream of the Greater East Asia Co-Prosperity Sphere and postulating about how the two great Pacific powers might balance their interests in a lasting partnership.
BUSINESS
September 27, 1993 | From Times Staff and Wire Reports
Report Seeks Ways to Copy East Asian Miracle: The dramatic growth posted by East Asian economies over the past three decades could be repeated by other developing countries if they adopt similar policies, World Bank researchers said in a new report. The report focused on the eight fastest growing economies: Hong Kong, Indonesia, Japan, Malaysia, Korea, Singapore, Taiwan and Thailand.
BUSINESS
December 17, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
Shock waves from the economic explosions in East Asia won't roil the recovering commercial real estate market in Southern California any time soon, industry watchers say, even though some properties with Asian owners will probably end up on the market. Much of the buying in recent years has been done by Chinese, Hong Kong and Taiwanese investors whose stock market and currency have been left virtually untouched in the recent financial debacle.
BUSINESS
July 27, 1999 | TOM PETRUNO, TIMES STAFF WRITER
It's getting uglier by the day in East Asian stock markets that not long ago were the belles of the global market ball. But that could mean a great buying opportunity is developing for investors who want to bet that the region's 2-year-old economic crisis is over and that the next few years will bring renewed growth. One attractive way to buy into foreign markets is via closed-end mutual funds that own shares in specific markets or regions.
BUSINESS
January 5, 1998 | From Times Staff and Wire Reports
East Asian currencies and stock markets opened the first full week of the new year on a bearish note today, with many key currencies falling to new lows and stocks following. The Malaysian ringgit, Indonesian rupiah and Thai baht all plunged to record lows--a clear sign that the Asian economic and financial crisis has not yet bottomed. The ringgit slumped to 4.01 to the dollar, a new low, from 3.97 on Friday. The rupiah dove to 6,350 to the dollar, also a new low, from 5,925 on Friday.
BUSINESS
December 17, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
Shock waves from the economic explosions in East Asia won't roil the recovering commercial real estate market in Southern California any time soon, industry watchers say, even though some properties with Asian owners will probably end up on the market. Much of the buying in recent years has been done by Chinese, Hong Kong and Taiwanese investors whose stock market and currency have been left virtually untouched in the recent financial debacle.
NEWS
November 30, 1997 | TOM PETRUNO, This article was reported by Times staff writers Tom Petruno and Evelyn Iritani in Los Angeles, Sonni Efron in Tokyo, David Holley in Seoul and David Lamb in Hanoi. It was written by Petruno
Just a few months ago, the 21st century still seemed certain to be the Asian Century--an era in which Western dominance of the global economy would be surpassed by Asia's mighty industrial engine and burgeoning wealth. Today, devastated by collapsed currencies and stock markets, their banking systems emasculated and their people's confidence deeply shaken, the eve of the 21st century finds the nations of East Asia facing perhaps their greatest challenge of the post-World War II era.
NEWS
November 30, 1997
A country-by-country look at the economic crisis that has swept Asia, and the challenges nations face in restoring growth. (Stock market and currency changes are since Jan. 1. Currency changes versus U.S. dollar). THAILAND * Currency decline: -36% * Stock market decline: -52% * Population: 60 million. During the export boom of the early-90s, Thai banks flush with cheap foreign capital lent heavily to domestic borrowers, fueling a real estate bubble. Imports surged.
BUSINESS
November 15, 1993 | LESLIE HELM, TIMES STAFF WRITER
As leaders from around the Pacific Rim gather here this week, the Clinton Administration will seek to focus the attention of U.S. industry on the potential bounty from increased ties to the rapidly growing economies across the ocean.
BUSINESS
September 27, 1993 | From Times Staff and Wire Reports
Report Seeks Ways to Copy East Asian Miracle: The dramatic growth posted by East Asian economies over the past three decades could be repeated by other developing countries if they adopt similar policies, World Bank researchers said in a new report. The report focused on the eight fastest growing economies: Hong Kong, Indonesia, Japan, Malaysia, Korea, Singapore, Taiwan and Thailand.
BUSINESS
January 5, 1998 | From Times Staff and Wire Reports
East Asian currencies and stock markets opened the first full week of the new year on a bearish note today, with many key currencies falling to new lows and stocks following. The Malaysian ringgit, Indonesian rupiah and Thai baht all plunged to record lows--a clear sign that the Asian economic and financial crisis has not yet bottomed. The ringgit slumped to 4.01 to the dollar, a new low, from 3.97 on Friday. The rupiah dove to 6,350 to the dollar, also a new low, from 5,925 on Friday.
BUSINESS
November 15, 1993 | LESLIE HELM, TIMES STAFF WRITER
As leaders from around the Pacific Rim gather here this week, the Clinton Administration will seek to focus the attention of U.S. industry on the potential bounty from increased ties to the rapidly growing economies across the ocean.
BUSINESS
October 21, 1991 | KARL SCHOENBERGER, TIMES STAFF WRITER
Whose destiny is it to lead the Pacific into the 21st Century? Pundits are asking that question with increasing frequency, wringing their hands over the decline of Pax Americana, fretting about Japan's dream of the Greater East Asia Co-Prosperity Sphere and postulating about how the two great Pacific powers might balance their interests in a lasting partnership.
BUSINESS
February 11, 1991 | Times staff and wire reports
MALAYSIA: The government is expected to continue efforts to organize a new East Asian economic association, despite U.S. objections. Prime Minister Mahathir Mohomad last December called for formation of a larger Asian trading bloc to counter trade restrictions by Western nations should international trade talks involving the General Agreement on Tariffs and Trade fail.
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