Search results for

When Shaukat Aziz, Pakistan's finance minister, announced at the end of March that the country had met most of the performance conditions tied in to its IMF loan programme, the country's equity markets had reason to respond positively. Whilst such a modest statement would not necessarily inspire confidence outside Pakistan, within the country there were many that could relate to his enthusiasm. In the past, Pakistan has mostly found itself breaking ties with the IMF straight after the first tranche was disbursed, usually over its failure to fulfil conditions agreed earlier with the fund. For Aziz, the IMF's release of U$133 million in March from a U$592 million standby loan agreed last December was therefore a rare event. "It is an important step in our economic reforms – it shows that we are serious," says Aziz, a former top Citibank executive who was inducted by Pakistan's military regime following its October 1999 coup.

South Korea has a lot on its hands: the threat of recession, developing relations with the North – and then there's the continuing restructuring of the capital markets. Fiona Haddock reports.

South Korea has a lot on its hands: the threat of recession, developing relations with the North – and then there's the continuing restructuring of the capital markets. Fiona Haddock reports.

Tension is building in South Korea as the country reaches a crucial chapter in the restructuring of its capital markets. Will the powerful chaebol be overthrown at long last? And if so how will that affect the country's smaller players – and ultimately its workforce? Fiona Haddock reports.

Tension is building in South Korea as the country reaches a crucial chapter in the restructuring of its capital markets. Will the powerful chaebol be overthrown at long last? And if so how will that affect the country's smaller players – and ultimately its workforce? Fiona Haddock reports.

Asiamoney's first law firm poll shows some interesting trends among Asia's in-house counsel – but we suspect there is one piece of data that Asia's corporates all want to know about: cost. And so they should, when a quarter of them spend over US$2 million a year on lawyer's fees. By Olivia Chow and Robert Law.

Lower interest rates. A lower budget deficit. The private sector as the engine of growth. That's the virtuous circle which the new Philippine secretary of finance hopes to achieve. Known as Mr Accountability, two-term senator and former budget secretary Alberto Romulo is an enemy of pork barrel politics and all forms of cronyism and corruption. He puts the case for small but efficient government to Matthew Montagu-Pollock.

Cushioned for decades from the full impact of interest rate volatility by a cartel, Hong Kong's banks have been able to keep the party going amid tough operating conditions. But the good times could be over when interest rate deregulation is fully implemented in July. Pauline Loong looks at how the city's banks intend to survive in the further deteriorating business environment.

Lower interest rates. A lower budget deficit. The private sector as the engine of growth. That's the virtuous circle which the new Philippine secretary of finance hopes to achieve. Known as Mr Accountability, two-term senator and former budget secretary Alberto Romulo is an enemy of pork barrel politics and all forms of cronyism and corruption. He puts the case for small but efficient government to Matthew Montagu-Pollock.

Morgan Stanley knew it had its work cut out when it chose to finance Japanese company Aiful's acquisition of failed consumer credit company Life. But although the deal presented some spectacular obstacles, Japan's first securitization-backed acquisition financing looks like it was worth the effort. By Fiona Haddock.

After the euphoria of Estrada's removal, the Arroyo leadership and forthcoming elections in the Philippines are being viewed with comparative calm. New appointments, particularly of secretary of finance Alberto Romulo seem solid, but after past disappointments it will take time for confidence to return. By Matthew Montagu-Pollock.

null