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Australia: Wayne Swan Confounds His Domestic Critics

Australia: How Euromoney's Finance Minister Award Became a Political Football

Egypt: Banking on a revolution

Thailand: Korn puts Shinawatra government on watch

Wendi Deng Murdoch: La Tigresa del Magnate

Egypt's reluctant finance minister gets to work

Samir Radwan was a surprise choice as Egypt's new finance minister, even to himself. Appointed at the height of the chaos, the retired economist is working hard to sustain Egypt's finances and economy through a period of extraordinary upheaval. Eric Ellis joins him in Cairo

Orascom: A very modern tale of corporate finance

How do you solve a problem like Korea?

The balance of power

Why Farnood was flushed out of Kabulbank

In the battle to rebuild war-torn Afghanistan, Kabulbank inserted itself as a key player, building the country's largest deposit base and becoming the payment agent for many government enterprises. But a run on the bank in August led to the ousting of colourful poker-playing bank owner Sherkhan Farnood. What does this mean for the country's banking sector?

Court of the Lion Kings

IN THE fomenting debate over Singapore Inc's bid to buy a most vital pillar of Australia's economic architecture, there is something deliciously apt that the decisive call on the Australian Stock Exchange will probably be made by Canberra's independent members of Parliament

Thailand's finance minister Korn faces the ultimate stress test
Finance minister Korn Chatikavanij has steered the Thai economy successfully through huge political and social upheaval. But his long-term aim is to connect with Thailand's people, and not just its financial and business elite, to bring prosperity to the majority. Eric Ellis shadowed Korn as he travelled beyond Bangkok, examining the extent of the grassroots challenges Korn faces to effect meaningful change in a country ill-served by previous incumbents

Thailand: Korn Steps Out in Samut Sakorn

Gibraltar - Cracks in the Rock?

Tiny Gibraltar is an ocean away from Punxsutawney, Pennsylvania, but it doesn’t take much traversing of the Rock’s lanes to get a distinctly Groundhog Day feeling that Bill Murray might recognize

Islamic finance: Hub or hubris?

Shariah banking is becoming big business in Southeast Asia, with Kuala Lumpur and Jakarta battling for the title of regional Islamic finance centre. But even the most optimistic bankers fear further expansion could be stymied by arcane regulation and lack of cross-border consensus

After the war comes Sri Lanka’s refugee crisis (shorter version or longer)

Formula for excess
Singapore’s free-wheeling private bankers enjoyed the ride of their lives in the pre-crisis years, but with government intervention and a clutch of lawsuits looming, it looks as though many are finally running out of road

Sri Lanka's Next Battle

Sri Lanka's president talks to Forbes about the war and the economy

Korea survives the fall-out

Perhaps it's not sufficiently dramatic for South Koreans to have the world's craziest regime as their northern neighbour, with its twitchy nuclear finger. It seems they might need to be spooked some more - and what better bogeyman than the foreign-derived global financial crisis?

 

A cornered tiger still has teeth

One of the world's most notorious terrorists seems to be cornered....

Troubled Thailand

Abhisit Vejjajiva is the latest to lead Thailand in a tumultuous 12 months. Does he herald economic reform or simply a new round of governmental intrigue?

Bye-Bye Bakrie?

Most of his wealth has disappeared, and he'll be gone from the cabinet next year, but in Indonesia, never count out Aburizal Bakrie

Australia: Out of pocket in the Outback

Turkey: Its about the journey not the destination

Australia: Swan is happy but not all Australians are as impressed

The Philippines: Teves faces up to taxing issues

 

Our Sinocentric future

As China struts the world stage in the lead-up to the Olympics, its behaviour has been more revealing about future relations than anyone could have imagined

Keeping it in the family
After a decade of concealing their enormous wealth, the Soeharto offspring suddenly have found themselves back in the limelight

nside Samruk, Kazakhstan's new state holding company

 

Kazakhstan’s president, Nursultan Nazarbayev, has decreed the creation of a state holding company, roughly on Singaporean/Malaysian lines, to oversee
and rationalize the country’s lucrative but inchoate collection of state-owned companies and foster corporate governance. Eric Ellis reports on a confrontation of cultures

Interview with Sir Richard Evans, Samruk chairman

A British corporate warhorse, Sir Richard Evans, has been hired to pull the Samruk operation together

Vintage Ceylon

Sri Lankan tea maker Dilmah is taking a leaf from the wine industry to label its beverage as high-end and chic

Wendi Deng profile

"Cheers to Wendi! Gan bei! Drink the cup dry!"
It's 8 pm on a freezing night in Xuzhou, and we're having a jolly time in the Overflowing Fragrance dining room of the Sea Sky Holiday Hotel, an oddly named establishment given that this grim industrial city of 10 million people is 500 kilometres west of the Yellow Sea, and no place for a vacation. We're toasting a thriving Chinese export, a girl born of modest means in nearby Shandong in December 1968 and given a politically correct name - Wen Ge, shorthand for ‘Cultural Revolution' - as was the imperative for parents in that dark era. And what a remarkable journey to celebrate: catapulting herself from the anonymity and austerity of communist China to the family, and the family trust, of one of the world's most powerful and wealthy men, and all by the age of 30.

Out of Iran

Squeezed between the mullahs and George W. Bush, and with war and a nuclear future looming, many moderate Iranian families are planning their escape

Iran's cola war

Sanctions? Coke and Pepsi found a way around them and are battling for market share in Tehran with local Zamzam Cola

A short walk with Eric Newby

Warriors with scimitars and muskets have given way to warlords with AK-47s and mobile phones, but there are still hidden valleys of timeless peace and beauty

Afghanomics

Five years after the war, Kabul is showing signs of economic life. But making money there is still risky business

Defending Afghanistan

With books about George Washington arrayed on a shelf behind him in his office in Kabul, Afghan President Hamid Karzai talked to FORTUNE recently about the nation-building challenges that still confront his country five years after the fall of the Taliban

Afghanistan Gets Back To Business

The country’s newly revitalized banking system throws up colourful characters and eccentric approaches to marketing. But overseeing it all is a rigorous central banker with solid US commercial banking experience

Made in Iran

Whether or not Iran is building nuclear weapons, its auto industry, the largest in the Middle East, is learning how to cope with privation—and planning for worse.

Allah’s Aussie

One man’s extraordinary journey from middle Australia into the heart of Indonesia’s Islamic world. Or was it into the heart of darkness?

Muddle kingdom

The royals are ridiculed, Maoists are flexing their muscles and the lucrative climbing industry has had a tough season. Eric Ellis finds all is not well in the troubled Himalayan nation

A Fridge Full of Dollars

The Americans have put the mess back into Mesopotamia, says an Iraqi-Australian economist after trying to help the reconstruction of his birthplace

East & Eden

For a truly inspiring Asian experience step off the well-trodden path. The top 10 must-visit holiday hotspots

Nothing Like A Dane

Even before the Muslim backlash over those notorious cartoons, liberal Denmark was under siege from some demons closer to home

Let's Make a Deal

After 15 years on the lam, with $1.5bn missing and facing 18 charges from one of the biggest corporate scandals in Australian history, Abraham Goldberg finally wants to come home

"Asians Don't Hug"

Eric Ellis on the background to the hanging in Singapore last week of an Australian drug-dealer

Naval Gazing

Cruising the tropical islands of the South China Sea

Turn of the Tide

Almost a year later, too little has changed along the tsunami-smashed Sri Lankan coast. Aid was sent but the will to recover seems to have been swept away


Hang Democracy, Let's Trade

Singaporeans don't like to be reminded they do business with Burmese narco-traffickers, and admit they don't mind punishing the innocent to preserve law and order

In cold blood

Singapore seems determined to hang Melbourne man Nguyen Tuong Van as an act of defiance in the face of international criticism

                         

Gotcha, Goldberg!
The one that got away

When Melbourne rag trade magnate Abraham Goldberg disappeared, $1.5bn went missing with him. How we tracked down Australia's biggest corporate fugitive

Privatizing Pakistan

Islamabad's long-delayed sale of state telecom operator PTCL should be encouragement -- and a warning

Jihad Generation

Reputed to be incubators for terrorists, Islamic schools in Pakistan claim they are innocent – and are still waiting for long-promised Western aid

Law of The Bling

At 27, Schapelle Corby is probably a bit too young for Warren Zevon but, given her present predicament, she would doubtless appreciate the American singer’s sentiments. Which are surely appropriate now that Jakarta’s most flamboyant lawyer, Hotman Paris Hutapea, has stepped into her troubled life, well practised as he is in law, guns and, particularly, in money

Interview with Pakistan President General Pervez Musharraf

Pakistan’s President General Pervez Musharraf defies conventional politics....

The Whingers of Oz

Eric Ellis on the weeping, xenophobic hysteria in Australia over the conviction of Schapelle Corby for smuggling drugs into Indonesia

Through hell and high water

As an occasional resident of a Sri Lankan fishing village, writer Eric Ellis pitched in to help those ruined by the tsunami. But the plan to finance and organise replacement boats was beset by bureaucracy, connivance and internecine warfare

Judgement in Denpasar

The Bali expats and intelligentsia are disgusted by Australia’s racist reaction. The other 230 million Indonesians ask, “Schapelle who?”

Island at Sea

Sri Lanka’s efforts to rebuild after the tsunami have been slowed by bureaucracy and renewed ethnic tensions. Can President Kumaratunga use the disaster to transform the island’s political culture?

Project oru:

A reporter’s account of one personal mission

Interview with President Chandrika Bandaranaike Kumaratunga of Sri Lanka

The trials of Schapelle

There are braying reporters, dozing judiciary members, colourful lawyers and assorted hangers-on basking in the limelight and baking in the Indonesian heat. Centre stage, an Australian woman's life is at stake

Through hell and high water

As an occasional resident of a Sri Lankan fishing village, writer Eric Ellis pitched in to help those ruined by the tsunami. But the plan to finance and organise replacement boats was beset by bureaucracy, connivance and internecine warfare. But as Ellis' diary shows, it was a story with a happy ending

A Swell Party

Sri Lanka's expat elite are kicking off their high heels and rolling up the sleeves of their linen shirts with some acts of extraordinary generosity that few thought them capable of. Eric Ellis reports.

The long road home

After the apocalypse; A journey to find loved ones in the devastation of southern Sri Lanka defies description - the jaw drops; the eyes glaze; the soul weeps. And the politicians fiddle as the people wail.

Que sera sera

Whatever will be, will be, especially in a timeless village in Andalucian Spain. Until, that is, it is "discovered" by the invading hordes of New Europe and beyond.

Wireless Wars

How a frozen-food salesman from New Jersey - a former refugee from war-torn Afghanistan - built his country's largest wireless network

Asia's Most Powerful Women

Kaboom Town

It’s election time in Kabul and a motley assortment of carpet-baggers, do-gooders and telephone salesmen are gathering for the big day.

Death and Taxes in Kabul

Finance Minister Ashraf Ghani is battling warlords, cabinet colleagues, indifferent global donors and stomach cancer as he struggles to salvage Afghanistan’s ravaged economy. If he fails, the world could pay an enormous price. Eric Ellis reports from Kabul

Why they hate us

In the days after the bombing of the Australian Embassy in Jakarta, The Bulletin journeys into Indonesia's hardline Islamic world

Mighty Mokhtar Strikes Out

He was one of Mahathir Mohamad’s closest business allies. Now a new Prime Minister has cut the mogul down to size

The Tongues Have It

The rise of the tribute band has closely followed John Howard's conservative ascent. What price Kissteria's Gene Simmons clone as next PM?

Daughters of privilege

Has Asia, home to the world’s most dynamic economies, a region which provided the world’s first modern female leader, suddenly become enlightened?

LOST HORIZONS

The hopes of a generation of Indonesians were destroyed in the rubble of the Sari Club

CULTURAL CRINGE

This weekend's Bali bombing commemoration has upset the island's Hindu elders, who say the gods will not be pleased

PIRATES OF THE EAST INDIES

Indonesia holds a world record that Jakarta doesn’t like to make public: the most pirate-infested seas on the planet

ALLAH'S ASSASSINS *winner of 2003 Walkley Award, Asia-Pacific reporting

The Bali bombers were rootless young men recruited from the dusty poverty of a village in West Java - their overseer a worldly West Javanese, burning with Islamic zeal and with the contacts to organise and bankroll their jihad. Eric Ellis retraces their steps as they moved from village to town meeting the fixers, financiers and bombmakers, and finally assembling and detonating the devices that would kill and maim so many in a Kuta Beach tourist precinct

Islamic-Military complex

Indonesian forces have historically sought ties with Islamic groups only to suit their purposes, as Eric Ellis reveals

Bombers and Bullets

The determination of authorities in Indonesia to execute any convicted Bali bombers raises many questions about Australia's role in the investigation, writes Eric Ellis in Jakarta

Bali's Blood Wake

An elaborate purification ritual may have exorcised some of Bali's demons, but the killers still to face justice there are monsters on the loose. In Kuta, ERIC ELLIS talks to the policeman heading the investigation and examines the secretive world of 'Indonesia's Arabs."

As well as the lives of many, the nightclub bombs destroyed any lingering illusions that Bali was a tranquil haven somehow isolated from Indonesia's current malaise. Eric Ellis reports from Kuta Beach.

As dawn broke on the chaos that was Kuta Beach, Eric Ellis searched Ground Zero Kuta for survivors of Australia's worst terrorist outrage

Why is the only shopping mall with a UN seat suddenly near the very centre of the terrorist map? Eric Ellis seeks signs of foment amid Singapore's frangipani

After many years avoiding the place, Eric Ellis has been to Bali too. What's more, he has decided to stay. The smell of scented candles is in the air as he explains why

The poached salmon we were eating in New York was perfectly edible. But, enhanced by the fiery sambal with its chili, garlic and cumin ingredients we had enjoyed on holiday in Bali, it would have been sublime.....from Upper East to further east

Critic Robert Hughes is due to face court again over his near-fatal car crash in Western Australia. In the strange mix of culture and chaos that is Broome, Eric Ellis gauges the Shock of the Broome

The aftermath of an accident that nearly killed social historian Robert Hughes could be a metaphor for Australia and its myriad complexities. Was it just another bloody car crash, mate, asks Eric Ellis.

ON A dusty afternoon in Dili, capital of a haunted land that is soon to be proclaimed the 190th member of the United Nations, a babel of languages issues from the foreign clientele at the City Café. Here, at $2.40 a shot, a caffe latte costs either what most of East Timor's 800,000 people earn in a day, or 1/70th the average per diem of the 20 or so UN workers patronising the cafe while the Dili Dynasty....

The House of Tata, big and historic, is one of India's most beloved companies. It is also a mess. Eric Ellis goes inside the House of Tata

A quarter of a century on, Sydney Opera House designer Joern Utzon finally breaks his silence on the thwarting of his vision and explains why we all have paid a price. He also dispels a long-standing myth about his inspiration. ERIC ELLIS reveals Utzon's Orange Peel Opera House

As its leaders come to grips with the new rules of the digital age, the city-state once known for its stuffiness begins to loosen the reins on pop culture and political discussion in Liberalising Singapore

THE QUIET inlets of Uliss Bay provide shocking evidence of the depths to which Vladivostok has sunk since the collapse of the Soviet Union and the mighty military-industrial complex that nourished this city in Russia's Wild East

 PARIS. Raining. Its 10.20 in the morning and Henri Cartier-Bresson is 20 minutes late. I consult a waiter in bad French. “C’est Cafe Carousel ici, n’est-ce pas?”

“Oui, monsieur.”

A clear-eyed Frenchman, one of only two other people in the cafe and holding a grubby knapsack adorned with protest buttons – Nuclear? Non merci!” – looks up from his booth across the room. “Do you need help?” he asks, in English to start a rare interview with Henri Cartier-Bresson

THE lighting was low, the room mesmerized by Diana Ross' Endless Love. The leggy temptress lovingly wrapped her right hand around the long slender tube, caressed it tenderly with her other hand before putting its head carefully to her mouth. Its Karaoke Kulture

 The continent watched glumly as a New Economy rose--faster than Yahoo!'s share price--from Silicon Valley. Now, with a raft of homegrown start-ups ready to make waves, it's Asia's turn as the Asian Internet Lifts Off

Ironically, the neglect of almost 400 years of colonialism--from the benign Portuguese version to the brutal Javanese approach--offers East Timor its best prospect for a viable post-independence economy. That neglect grows wild and plentiful in the jungle hills of this verdant half-island: some of the world's finest strains of arabica coffee plants, untouched by chemicals or human hands and, in an ideal world, destined for the West's trendy coffee shops. Call it the Starbucks Economy as East Timor Descends...

More than 30,000 bulls will die this year in the name of Spanish sport. Opponents are vocal but can do little to dampen the passion or staunch the flow of blood. ERIC ELLIS reports from Huelva about the Stain on Spain

A mangy goat draped in a crude Indonesian flag saved an East Timorese family of six from a grisly death last week. When the militiamen of the Besi Merah Putih--Red and White Iron--came to the home of a goatherd in the village of Liquica, they offered him an ultimatum: he and his wife would be beheaded and his four children disemboweled if he didn't display loyalty to Jakarta. The goatherd wasted no time. "My wife quickly made this bandeira [flag] from two old shirts," he recalls. The bloodthirsty mob was mollified, for the moment at least. Can East Timor Avoid Civil War?

Climate control in the Singapore Press

You don't have be a spook to be a Singaporean journalist. But it doesn't hurt. A report from a society where the challenge for journalists is testing the undefined boundaries that are so much a part of their culture.

On The Road in Middle America

A series tracking the revolutionary re-invention of America

The Sweet And Sour Sides Of The Silk Road

On the Karakoram Highway between China and Pakistan

The consistency of Timboon Gourmet Feta Cheese isn't great at 5,500m above sea level. Tasty, 'tis true, but the thin air makes it a little hard to spread on crunchy Kashgar bagels.