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Between 1987 and 1997, half a trillion dollars flowed in from international investors. Initially the money was a godsend. It gave companies access to world-class technology and know-how. But in cities such as Jakarta or Kuala Lumpur or Bangkok, there aren't a whole lot of world-class companies. And as share prices of those rare firms rose, investors poured money into other, less well-run companies. At the height of the boom, in 1996, office space in Bangkok was commanding First World rents; in Jakarta supermodels Claudia Schiffer and Naomi Campbell inaugurated a Fashion Cafe...

Author: /time Magazine | Title: The Three Marketeers | 2/15/1999 | See Source »

...DATE] August 1998 [RUMOR] Riots planned in Kuala Lumpur [EFFECT] Residents hoarded food...

Author: /time Magazine | Title: Notebook: Dec. 14, 1998 | 12/14/1998 | See Source »

...KUALA LUMPUR, Malaysia: Who's afraid of a little blowback? Not Al Gore. "That is the American message and I am proud to deliver it here and anywhere I go," he told reporters after New Zealand, Singapore and China joined Malaysia in needling the veep for bringing politics to a summit that's supposed to be all business. "APEC is an economic forum," said New Zealand's Prime Minister Jenny Shipley, whose country will host next year's summit. "Clearly there are some pressing bilateral issues that countries want to raise here in Malaysia, but it should...

Author: /time Magazine | Title: APEC to Gore: Quiet, Please | 11/17/1998 | See Source »

...KUALA LUMPUR, Malaysia: Perhaps aware of the excitement vacuum created by his arrival at the Asian Pacific Economic Conference summit in Bill Clinton's stead, Al Gore wasted no time in insulting his hosts, throwing U.S. support behind the "brave" protesters calling for Malaysian prime minister Mahathir's ouster. Malaysian trade minister Rafidah Aziz called it "the most disgusting speech I've heard in my life." But TIME Washington correspondent Jef McAllister says Mahathir's is one carpet the U.S. won't stop urinating...

Author: /time Magazine | Title: Gore Growls at APEC | 11/16/1998 | See Source »

...with recent developments, but we still have faith in our judicial institutions and the electoral process. The silence of the people should not necessarily be interpreted as fear or lack of interest. We are capable of voting out any government that is unjust and draconian. NEIL KHOR JIN KEONG Kuala Lumpur...

Author: /time Magazine | Title: Letters: Nov. 2, 1998 | 11/2/1998 | See Source »

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