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  • October was yet another landmark month for Pacific Century CyberWorks. Its heavily renegotiated alliance with Telstra was signed, and it set about raising US$1.8 billion in new funds. But where this company once attracted interest for its vision and enthusiasm, it is now noted for infuriating its investors. By Chris Wright
  • The US market still represents the largest and most liquid source of equity funds, and figures show that Asian issuers are increasingly getting the message.
  • China Mobile, the incumbent mobile operator in China, set a new record for mainland companies tapping the global equity markets in October, raising US$6.7 billion. “It has become the most valuable company in non-Japan Asia,” says Andy Xie, regional economist at Morgan Stanley Dean Witter.
  • October was yet another landmark month for Pacific Century CyberWorks. Its heavily renegotiated alliance with Telstra was signed, and it set about raising US$1.8 billion in new funds. But where this company once attracted interest for its vision and enthusiasm, it is now noted for infuriating its investors. By Chris Wright
  • The listing activities of Chartered Semiconductor and Taiwan Semiconductor Manufacturing Company have set the standard for the region's cash-hungry companies.
  • The listing activities of Chartered Semiconductor and Taiwan Semiconductor Manufacturing Company have set the standard for the region's cash-hungry companies.
  • On October 3, the Japanese government reassured the public that Chiyoda Mutual, the country's 96-year-old life insurance company, would not collapse. On October 9, the company filed for bankruptcy.
  • Cogeneration PCL, the Thai power producer, has completed a series of transactions that give it new financial freedom. An innovative local currency bond and dual currency loan provide it with new capital and protection against foreign exchange risk. By Chris Wright.
  • There is simply not enough equity capital in Asia to fuel the economic miracle to which it aspires. To keep the dream alive, Asian corporates are having to seek new equity from the international markets – mainly through the use of depositary receipts.
  • There is simply not enough equity capital in Asia to fuel the economic miracle to which it aspires. To keep the dream alive, Asian corporates are having to seek new equity from the international markets – mainly through the use of depositary receipts.
  • A year of achievements for the Singapore dollar bond market was augmented in October when Jurong Town Corporation (JTC), a Singaporean industrial property developer, launched the first 12-year bond in the local currency market.
  • It has come to something when the internet, the architect of the supposedly paperless office, becomes the trading platform for paper itself.