Word: investments
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Anthony Salzman remembers the last time Vietnam was tipped to be Asia's next tiger economy. The former antiwar protester turned business consultant was representing Caterpillar in Vietnam when the country opened up to foreign investment in the early 1990s. Back then, Hanoi's streets were filled mostly with bicycles and all fax machines had to be registered with the police, but that didn't stop international executives from packing the bar of the only foreign-run hotel in Hanoi, the Metropole, to plot their future fortunes. "In that one bar on any given night," recalls Salzman, "there were people...
...that ABN AMRO repay the losses?even though they were incurred by an Incombank employee. ABN AMRO says it has done nothing wrong. Incombank won't comment, and Vietnamese authorities haven't said exactly which banking regulations have been broken. But what has sent a chill through the foreign investment community is that local Hanoi police?not state banking regulators?are running the investigation. "The rule of law is manipulated in Vietnam to serve interests rather than as an objective force," Thayer says. If foreign companies can't be confident they'll get fair treatment, "it will make people more...
Pharmaceutical companies’ reluctance to invest in drugs for diseases like TB leads some to question whether for-profit firms have a productive role to play in treating the world’s poorest. “There are lots of ways of skinning cats, but I don’t think that realistically you can ask corporations to undertake not-for-profit roles,” Whitesides says...
...mean that unkindly. I have great respect for anybody who's going to invest in what I want to do. And I believe they have the right to discuss and say what they feel...
...giant, threatened to walk away from the table at the last minute. "The companies were always going to comply with their 20-year contracts," says Yussef Akly, spokesperson for Hydrocarbons Chamber, an association of over 100 gas and oil companies operating in Bolivia. "But it's the question of investment. Bolivia's move generated conditions that could have had a severe impact on a company's decision to increase its stake here." In the end, however, the agreements do include major investment plans - more than $2 billion over the coming years - alleviating fears that the foreign companies would punish Bolivia...