Sahid to consolidate to expand hotel and mall business - Jakarta Post

Sahid to consolidate to expand hotel and mall business
Jakarta Post
The Sahid Group previously announced consolidation plans in 1997, which were postponed after the Asian Financial Crisis prompted a reconsideration of the scheme. has decided that it was now appropriate to move forward with the consolidation.

continue reading

Will China´s Skyscraper Craze Herald The Beginnings Of An Economic Crash In 2012? - Seeking Alpha

Will China´s Skyscraper Craze Herald The Beginnings Of An Economic Crash In 2012?
Seeking Alpha
The 1997 Asian Financial Crisis began just as Kuala Lumpar´s Petronas Towers was finished. More recently, Dubai unveiled the Burj Khalifa, the world´s tallest building, to the world in 2010. The building cost an estimated $1.5 billion.

and more »

continue reading

Hana Finishes $3.9 Billion Korea Exchange Bank Takeover - BusinessWeek

Hana Finishes $3.9 Billion Korea Exchange Bank Takeover
BusinessWeek
Lone Star exits with more than $4 billion in profit since investing in the South Korean lender in 2003 in the wake of the 1997-98 Asian financial crisis. For Hana Chairman Kim Seung Yu, the transaction ends more than a year of legal and regulatory ...

and more »

continue reading

Thailand's 1997 debt: Ghost of 15 years past - Bangkok Post


Bangkok Post
Thailand's 1997 debt: Ghost of 15 years past
Bangkok Post
Photo above of a person looking at photos of repossessed real estate being sold at a bank auction from non-performing loans after the 1997 Asian Financial Crisis. The FIDF debt discussed in today's article is the left over debt from the crisis, ...

continue reading

RI firms better placed to weather rupiah volatility: S&P - Jakarta Post

RI firms better placed to weather rupiah volatility: S&P
Jakarta Post
Indonesian companies' use of foreign-currency debt is “significantly lower” than during the 1997 Asian financial crisis and 2008 global financial crisis, when a rapidly declining rupiah hastened corporate defaults, according to S&P's latest report, ...

continue reading

Indochina expansion to fuel Tan Chong - Malaysia Star


Malaysia Star
Indochina expansion to fuel Tan Chong
Malaysia Star
Subsequently, the joint venture fell through during the 1997/1998 Asian financial crisis. Its Indochina strategy saw a revival in 2009, after TCMH was given a manufacturing license and approval to build a vehicle plant in Danang, Vietnam.

continue reading

Dow and S&P have best January since 1997 - Chicago Sun-Times

Dow and S&P have best January since 1997
Chicago Sun-Times
In January 1997, the last time stocks had such a fast start, the S&P gained 6.1 percent. Bill Clinton was inaugurated for his second term. An Asian financial crisis and “Titanic” lay ahead. Later that year, the Dow crossed 7000 and 8000 for the first ...

and more »

continue reading