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...capita GDP now stands at about $3,200, up nearly fourfold since 1997, it's still a far cry from U.S. per capita GDP of about $46,000. Moreover, conservative Chinese financial habits are deeply ingrained and driven by the need for "precautionary savings" for medical care, old age or sudden calamity in the absence of robust government safety nets. "It's not that Chinese like to save for the sake of savings," says Tan Khee Giap, chair of the Singapore chapter of the Pacific Economic Cooperation Council. "It's that for thousands of years they had to save...
...anyone can keep Indonesia moving, it's the 60-year-old former army general who last month was sworn in for what, by law, is his final term. SBY, as he is commonly known in Indonesia, already made history in 2004 as the country's first directly elected President. In a nation where 14% of the country's 240 million citizens still live under the poverty line, SBY, who has a careful, consensus-driven leadership style, delivered one of the G-20's most impressive economic growth rates this year. His anticorruption drive, which landed even...
...Since I can remember. My uncle was very much my hero, and I wanted to be like him before I was really old enough to know what acting...
From Zero to Hero Pacquiao was not one to pick quarrels. But he did not shy away when friends got into free-for-alls: what he calls, with an almost pop-eyed relish, bukbukan - unrestrained fistfighting. He loved boxing. Dionisia recalls an 8-year-old Manny wrapping towels around his hands to mimic gloves. Rey Golingan, a General Santos City businessman, remembers the young Pacquiao attending the weekly bouts in the main plaza. "Manny was always there at the fights, waiting to be paired with someone," says Golingan. But his consistency wasn't matched by any obvious talent. "Honestly...
Will His Kingdom Come? Pacquiao crosses himself before digging into dinner amid the Corinthian columns of Capitale, an old bank turned party space, just about where Chinatown starts in Manhattan. It is early June, and he is there to receive his second Fighter of the Year award from The Ring magazine. Even as old palookas cuss up a storm, he prays before his meal. His mother says he was always "very disciplined and God-fearing" - taking after her, of course. Her front garden features a coral-lined altar to the Virgin Mary, and an entire shelf in her living room...