India’s Marxist veteran looks back with pride
Calcutta, India, June 15 (Reuters) – The leader of the world’s oldest democratically elected communist government looked back on his 20 years in power and…
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MANILA FINANCE MINISTER SEES U.S. BASES AS DEBT LEVER
1 February 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Feb 1, Reuter – The Philippines is exploring ways of reducing its massive foreign…
EUROPEAN INVESTORS SHY AWAY FROM PHILIPPINES
16 February 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Feb 16 – A stream of unsettling news from the Philippines has held back…
Aquino Again on Defensive After Honasan Escape
3 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 3, Reuter – Coup leader Colonel Gregorio Honasan’s escape from captivity on Saturday…
BankAmerica committed to India wholesale banking
10 December 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, Dec 10 (Reuters) – BankAmerica Corp will sell its retail banking business in…
U.S. BASES IN PHILIPPINES STIR UP WAR OF WORDS
13 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 13, Reuter – The U.S. bases in the Philippines have sparked a superpower…
AQUINO, SECURE IN POWER, PUTS ON BRASS KNUCKLES
28 July 1988 Reuters News English (c) 1988 Reuters Limited MANILA, July 28, Reuter – Philippine President Corazon Aquino, secure in power near the end…
CALCUTTA’S INDIANS TAKE ELECTIONS IN STRIDE
21 November 1989 Reuters News English (c) 1989 Reuters Limited Calcutta, Nov 21, Reuters – The six Bengalis splashing around a fire hydrant inches from…
26 KILLED ON SECOND DAY OF INDIA’S GENERAL ELECTION
24 November 1989 Reuters News English (c) 1989 Reuters Limited LUDHIANA, India, Nov 24, Reuter – At least 26 people were killed on Friday on…
INDIA LOOKING TO SUBSTANTIAL AID FROM IMF, DONORS, OFFICIAL SAYS
27 August 1991 Reuters News English (c) 1991 Reuters Limited TOKYO, Reuters – India hopes to receive substantial financial aid from a consortium of donors…
INDIA WILL ASK IMF FOR MORE FUNDS – MINISTER
13 April 1992 Reuters News English (c) 1992 Reuters Limited TOKYO, Reuters – India intends to ask the International Monetary Fund (IMF) for more contingency…
India aims to grant autonomy to state-owned media
27 May 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, May 27 (Reuters) – India is determined to grant autonomy to state-controlled television…
RBI will not allow rupee volatility – Chidambaram.
29 August 1997 14:33 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Aug 29 (Reuters) – Indian Finance Minister P. Chidambaram said the rupee’s…
I have to follow capitalism: Buddha
IT IS like being thrown about in an ideological cocktail shaker. You get off a gleaming passenger jet and drive over a soaring expressway to…
Interview with Ursula Burns
“I use the word ‘blue collar’ purposefully at Xerox. It is the heart and soul of most economies” URSULA BURNS is the first African-American woman…
Loyalty, Treachery Blur in Divided Philippine Military
1 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 1, Reuter – “Who goes there — friend or foe?” That traditional challenge…
Breakout Companies
Raghuram Govind Rajan is a lucky man. Two weeks into his new job as Governor of the Reserve Bank of India his friend Ben Bernanke,…
Human Rights a Thorny issue in Asia Despite Official Silence
30 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 30, Reuter – Charges of widespread human rights violations in Asia met silence…
Land Reform, debt action gather pace in Philippine Congress
1 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 1, Reuter – The Philippine Congress on Thursday pushed forward an ambitious program…
Philippines Senate Bill Proposes Debt Commission
1 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 1 – Members of the Philippine Congress want to set up a commission…
Cheat Funds
Sometimes India’s economy resembles a rambunctious teenager brought up short by a finger-wagging headmaster. Our finance minister can now recite with his eyes closed a…
Growing Labour Militancy Adds to Philippines’ woes
2 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 2, Reuter – The number of strikes in the Philippines is down this…
Manila’s hot money flows from stocks to dollars
12 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 12 – Short-term speculators have switched their attention from Manila’s once bullish stock markets…
Philippine PESO Falters as speculators snap up dollars
13 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 13, Reuter – The Philippine peso has been battered over the past month…
Aquino Faces Uphill Task in Economic Recovery
19 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 19, Reuter – Philippine President Corazon Aquino can expect a volley of anxious…
Philippines Revises debt/equity program
22 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 22 – The Philippine government has made major changes in its debt-to-equity conversion…
Three Americans and Filipino shot dead near US Base
28 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 28, Reuter – Gunmen shot dead three Americans, including two airmen, and a…
U.S. Diplomat’s recall marks new low in ties with Philippines
28 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 28, Reuter – The recall of a U.S. military diplomat from the Philippines…
US Defuses meddling row by pulling out attache from Manila
28 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 28, Reuter – The United States said on Wednesday it was withdrawing a…
Philippine hit-squad killings signal new communist offensive
29 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 29, Reuter – Philippine Communist guerrillas appear to have launched a major offensive…
Manila Resolves row over planters products INC’s debt ahead of deadline
30 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 30 – The Philippine government and creditors of a private fertiliser firm have…
Philippine Customs Chief says no graft, yes to ‘rewards’
4 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 4, Reuter – The new customs chief of the Philippines says he frowns…
Philippines Worried About Commodity Prices
9 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 9 – Any fall in commodity prices resulting from the crash in world…
Doubts run high as Manila recovery Flattens Out
11 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 11 – Near the end of her second year in office, Philippine…
Philippine Trade Gap Wider Than Earlier Reported
19 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 19 – National Statistics Office (NSO) figures show the Philippines’ trade deficit stood…
Philippine Debt Accord Again in Jeopardy
20 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 20 – The Philippines’ restructuring of 13.2 billion dollars of foreign debt has…
Philippines to Borrow Sugar From Thailand to meet sudden rise in Demand
20 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 20 – The Philippines will borrow between 30,000 and 100,000 tonnes of…
Watch Your Step
Three economists are gazing at a glass half full of water. The optimist sees a glass half full. The pessimist sees a glass half empty.…
361 Dead as typhoon cuts trail of destruction in Philippines
27 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 27, Reuter – Rescue workers battled through floods in the central Philippines on…
Manila Rates Rise as Pressure Grows on PESO
1 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 1 – Short-term interest rates have shot up in the Philippines as the…
Former Philippine Finance Chief’s Death Believed Suicide
7 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 7, Reuter – Former Philippine finance minister Jaime Ongpin was found with a…
Manila to push ahead with fiscal reforms
11 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 11 – The Philippine government intends to boost tax collection, reorder its expenditures,…
Much rhetoric, few gains in ASEAN Cooperation
13 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 13 – South-east Asian leaders gather in Manila this week to try to…
ASEAN Moves to boost regional economic cooperation
14 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 14, Reuter – Spurred by shrinking markets and the spectre of global recession,…
ASEAN Must gird to meet regional challenges Mahathir Says
14 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 14, Reuter – South-East Asia’s non-communist countries must gird to meet challenges posed…
TAKESHITA Pledges to open markets to ASEAN
15 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 15 – Japanese Prime Minister Noboru Takeshita marked his first foreign trip by…
Are Indian CEOs Overpaid?
The day before this issue of Business Today hits news stands, America will vote for a new president. The day after you invest less than…
Deal Chahta Hai
A laughter club in Mumbai is forced to “zip it” because a humourless neighbour is disturbed, not long after a 63-year-old cartoon unleashes a cleansing…
Prem Ji Is Back
By the time this issue of Business Today hits the news stands, voting for new governments in three Indian states will be completed. The seven-…
Buy Me, Buy Me Not
Stock markets and their behavior are an inexact science. Technical analysts will study head and shoulders patterns, Fibonacci retracements, stochastic oscillators and sundry chicken entrails…
Going Nowhere
I remember my first car with great fondness. It was a Fiat 1100D, and I crashed it barely a month after my wife and I…
Reserve Bank-Money to Burn
Of all the functions of the Reserve Bank of India (RBI), there is one routine task crucial to the health of the economy: incinerating the…
Sharing Losses
Last week-end the seesaw battle being waged by Swraj Paul to take over Escorts and DCM slowed to a less suspenseful motion when the London-based…
BANK THE RESERVE
The Reserve Bank Of INDIA (RBI) IS the best-run company in India: transparent, diligent, accountable, and (ostensibly) independent. Its official capital is a paltry Rs…
A FIRST-RATE PROBLEM
India’s economy is lurching like a car with two flat rear tyres. The monsoon has been better than expected: a bumper kharif crop is expected,…
KEEP THE BALLAST
Narendera Modi’s first term in office will be bracketed by malodorous stand-offs with two governors of the Reserve Bank of India. The bad blood between…