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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tito L. Nisperos Jr. who wrote (33446)	12/8/1999 7:28:00 AM
From: Tito L. Nisperos Jr.	Respond to of 70976

Electronics Sparks Asia's Revival as Region Fills Growing World Demand "Now, Korea's biggest personal computer maker is hiring back most of those laid off after landing big orders from Hewlett-Packard Co. and other foreign buyers..." "Much of Asia owes its recovery to booming worldwide use of the Internet and telecommunications..." "In recent weeks, countries from Korea to Malaysia have reported third-quarter growth nearing the world-beating rates before 1997,..." "Exports of semiconductors, cell phones and other electronics now account for more than two-thirds of Singapore's non-oil exports, and more than half the goods shipped from Malaysia and the Philippines..." Although: --- "...Indonesia, which draws only 10 percent of its export receipts from electronics, is Asia's laggard. Indonesia's economy shrank 14 percent in 1998, the worst in the region, and may contract a further 0.5 percent this year..." "Taiwan's exports in November rose 11 percent from a year ago to a record $11.5 billion, powered by a 33 percent gain in electronics shipments, the government said yesterday..." "For Taiwan's neighbor, the Philippines, October chip export increased 53 percent from a year earlier, alone generating 44 percent of total export receipts. The industry's rise comes as Intel Corp. and Acer Inc. expand their Philippine plants..." But how about inflation in the region? ... Well ... : --- "...Asian exporters are exploiting their devalued currencies to seize market share in the U.S. and other markets." For Details: --- quote.bloomberg.com