Word: sectored
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...pariah, perceived by critics as a country where outsiders can't win because the game of commerce is rigged by the government to favor a few powerful men. But in the past 18 months or so, Malaysia's image has been rejuvenated by its efforts to restructure the corporate sector, impose discipline on the stock market and weed out questionable characters. Malaysia has suddenly become the darling of financial analysts. "Laws and regulations are being applied impartially," enthuses P.K. Basu, who is chief Southeast Asian economist for the merchant bank Credit Suisse First Boston in Singapore. "Some previous transgressions...
...after the departure a year ago of Finance Minister Daim Zainuddin, Mahathir put the country on a different track. "There was clearly a divergence of views on how to deal with the corporate sector," says Basu. "Dr. Mahathir decided Tun Daim's views were deeply flawed and has moved to a much more professional and open approach." Respected figures have been given critical regulatory posts in the central bank, at the debt recovery agency set up after the Asian crisis to dispose of repossessed corporate assets, at the securities commission and elsewhere. Stock market regulations were also changed requiring earnings...
...procedure in many countries. But in Malaysia, the stakes are especially high: you can be catapulted from the ranks of the merely wealthy into the rarefied status of billionairedom in part by earning the confidence of the right people. The companies Mokhtar controls have a stake in almost every sector of the economy: from the publicly listed Malakoff, now Malaysia's biggest private sector producer of electrical power, to Pernas, which owns businesses ranging from Malaysia's largest security company to the Pan Pacific chain of hotels. Analysts say Mokhtar is consolidating his publicly listed holdings under the wing...
...Saudi cell, Morocco risked upsetting sensitive relations with a Saudi government that has been desperately trying to clean up its image as a breeding ground for Islamic terrorists. The news of the extremist threat also could undermine Morocco's image as a peaceful holiday place, possibly damaging an economic sector that accounts for 5.5 percent of the Gross Domestic Product...
Having majored in finance, Bembry has more formal investment training than most One Thousand Churches ministers, who often tap church members with experience in the financial sector to run the classes. While most seminaries offer at least one business-oriented course on church management, fewer than 10% teach personal finance. "It's the great silent subject, a huge gap in pastoral training," says Dick Towner, who founded the Good $ense Ministry, in South Barrington...