Word: borneo
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...quietly booming economy. But for some time Malaya has cast a wary eye at the spread of Communist influence directly to the south. On the island state of Singapore, Red-lining extremists threaten to topple the local government, and the British-run territories of Sarawak, Brunei and North Borneo (see map) are prey to the expansionist aims of Indonesia's left-leaning President Sukarno...
Cocky Gambits. Continuing his nationalist spree, before leaving on a trip to Spain and Pakistan, Macapagal last week took on still another Western power by claiming Philippine sovereignty over the 29,387 square miles of British North Borneo.* More significant than these cocky gambits is the fact that Macapagal seems determined to base them on democracy and free enterprise at home. He understands the challenge, for the tao, with whom Macapagal identifies, are desperately poor, unlike the top 10% of the Filipinos who receive nearly half the nation's personal income. An estimated 5,000,000 peasants have...
...Ownership of Borneo, the world's third largest island, is also shared by Indonesia and the British dependencies of Brunei and Sarawak. North Borneo once belonged to the Filipino Sultan of Sulu, who let it go in 1878 for an income of some $1,500 a year. The Philippine government maintains that the Sultan was merely leasing his Borneo lands; the British indignantly reply that the territory was sold in perpetuity...
...told, Soriano controls or has a major interest in 14 companies ranging from Philippine radio and TV stations to breweries in Hong Kong and Spain and a fishing business in Borneo. Last year, the major firms controlled by his A. Soriano & Co. netted $6,400,000 on sales of $74.8 million. Since World War II, his enterprises have averaged a breathtaking 35% annual return on invested capital...
...British, who hastily put their stamp of approval on the sensible plan in exchange for a promise that the Royal Navy would enjoy continued use of its strategic Singapore base. Next question: the willingness of three other British-run territories in the area-Sarawak, Brunei and North Borneo-to join the new political grouping. If they agree, federation could be a fact within two years...