search query: @indexterm Philippines / total: 69
reference: 9 / 69
Author: | Fletcher, M. |
Title: | The sell-off blues |
Journal: | Asiaweek
1997 : FEB 21, VOL. 23:7, p. 46-52 |
Index terms: | PRIVATIZATION PHILIPPINES INVESTMENT |
Language: | eng |
Abstract: | Judicial reviews. Presidential intervention. Charges of bribery and favoritism. Can Filippine privatization remain on track? On Feb. 3, the Supreme Court voided a 1995 deal for Malaysia's Renong Overseas Berhad to buy 51% of the inn because it said Filipinos should be given preference in the sale. The repercussions were extrordinary. "Malaysian investors will be more careful and will not invest too much in the Philippines," warned Malaysian Prime Minister Mahathir Mohamad. |
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