The Financial Express Expressions Page

The Indian Express

The Financial Express

Latest News

World News

EIW

Market Indicators

Screen

Celebrity Chat

Express Computers

Advertisers Forum

Career India

Business Forum

Match Maker

Express Properties

Travel & Tourism

Information Technology

Astrosurf

Eco-India

Dr Know

Graffiti

Crossword

Drumbeat: Ad Buzzaar

Expressions

Tuesday, May 19, 1998

	Road to nowhere The government does not seem to have thought through its move to increase the foreign stake in highway projects to 74% from 51%. These projects are typically on a build-operate-transfer basis, which means that the highway has to be handed back to the government after the contracted period expires. This is also the way in which build-own-operate-transfer projects are structured.		Self-reliance is key Who is to blame for the Indonesian riots? Suharto, of course, says the Western media -- he has run a corrupt government for the last thirty years, and his sins have finally caught up with him.
	More commitment can save the day Tourism in India and as a corollary -- hotel occupancies, in the last couple of years have been privy to the boom in the luxury hotel sector. Thus the liberalisation of the economy and a subsequent increase in the number of business travellers both foreign and domestic had helped reduce the seasonality of the earnings in this industry.		Corporation Bank catches up The stock price of Corporation Bank seems to have bested its performance. That Corportation Bank would have an outstanding 1997-98, the year it listed on the stock exchange, was well known and widely discounted. Since the scrip first listed in 1997-98's second half, the price of the stock has doubled, indicating that the IPO pricing of Rs 80 a share was not correct. But since then it shot up to Rs 155 a share.

Good governance calls for accountability
The concluding part of the article titled "Corporate governance and its relevance" -- published in yesterday's net edition states that good governance call for accountability. Author of the article, T R Bhowmik points out that a fine corporate system bestows better credit rating, liquidity and extended credit from lenders.

The Index