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| Tekijä: | Sun, S. Shameen, A. |
| Otsikko: | The big scare |
| Lehti: | Asiaweek
1997 : MAY 16, VOL. 23:19, p. 54-57 |
| Asiasana: | ECONOMICS PROPERTY INVESTMENT |
| Kieli: | eng |
| Tiivistelmä: | Manila investors' fear of a repeat of Bangkok's property meltdown will not be easy to banish. Hold your breath. That has been good advice for investors in the Manila bourse these days. Especially those who bought shares in Tycoon Andrew Tan's Megaworld Properties and its subsidiary Empire East Land Holdings. On April22, both these stocks fell about 30%, hit by rumours that Megaworld was about to declare bankruptcy. The house itself lost a tenth of its value in six days. |
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