In The News

Europe Set to Begin Digital Tax

Bob Tedeschi June 23, 2003
Unlike traditional trade transaction, e-commerce conducted online across national borders creates new tax issues that can be confusing. As Europe's number of internet users grows and overtakes the US and Canada, the European Union (EU) is scheduled to begin a new value-added tax plan, which will levy taxes on all imported goods and services purchased over the Internet. Foreign companies,...

Migrants Tell How Boat Split and Sank off Tunisia

Reuters June 22, 2003
The impact of the economic crisis gripping Africa is washing up on the shores of the Mediterranean. A stream of boats make regular crossings between Africa and nearby Italy, bearing scores of illegal immigrants desperate to escape war-torn countries and faltering economies. The trip is a dangerous one – a boat carrying 250 migrants capsized off Tunisia last week, killing most of the passengers....

Unreformed, Unrefined, Unrepentant

June 20, 2003
The 1997-1998 Asian financial crisis seriously disrupted many economies in the Asia-Pacific region and impeded global economic growth. Governments and international institutions have since tried to draw lessons from that nightmare. In this article in The Economist, the author says that there is still much to be learned and dealt with, including Thailand's current problems with its taxation...

U.S. Steps Up Pressure on Burmese Junta

Seth Mydans June 13, 2003
In an effort to support the opposition led by Aung San Suu Kyi, in the past the US imposed a five year economic ban against Myanmar's military Junta. But these tactics were inconsequential; Myanmar (Burma) continued to thrive through relations with its regional neighbors and $300 million in exports to US clothing and footwear companies. Following a recent attack on Suu Kyi and her entourage...

Time Running Out for Hub Strategy

Yoo Cheong-mo June 12, 2003
South Korean economists and government leaders hope to make the country a regional business hub for Northeast Asia, but such a lofty goal isn't easily achieved. A group meeting to explore ways to improve the country's prospects suggested the government should try to attract multinational companies by creating a more comfortable living environment for foreign executives and their...

Global Automotive Players Raise Their Profile in Singapore

Ven Sreenivasan June 9, 2003
As the implementation date of the Asean Free Trade Area (AFTA) approaches, the automotive industry in Southeast Asia has started adjusting to new policies and regulations, in anticipation of the changes to come once AFTA is in place. Due to its position as a transportation hub and a strong supplier base, plus its excellent service infrastructure and good intellectual property protection,...

Airlines' Unwanted Fleet Grows in the Desert

Edward Wong June 7, 2003
In the midst of a slowing US economy, companies such as Avtel that provide storage and maintenance facilities for airlines, are doing lucrative business. In fact, the amount of business airlines do with a company like Avtel is a good way to gauge both the failing airline industry's health and the remaining strength of individual airlines. Indeed, post September 11 declines in air travel and...