NationMaster - Encyclopedia: Far Eastern Economic Review

The Far Eastern Economic Review (Chinese: 遠東經濟評論; also referred to as FEER) is an English language Asian news magazine. The Hong Kong-based business magazine was originally published weekly on every Thursday. Due to financial difficulties, the magazine switched to a monthly publication in December 2004 and now publishes on the first Friday of each month, except in February and August. Cover of Far Eastern Economic Review This image is a book cover. ... Cover of Far Eastern Economic Review This image is a book cover. ... The English language is a West Germanic language that originates in England. ...

FEER covers a variety of topics including politics, business, economics, technology, social and cultural issues throughout Asia, focusing on Southeast Asia and Greater China. The purpose of FEER is to analyze and interpret financial, commercial and industrial developments. It also collects economic news and presents views and opinions in an attempt to improve the existing conditions in Asia. It has a reputation for emphasizing on local perspectives. Location of Southeast Asia Southeast Asia is a subregion of Asia. ... Greater China (Traditional Chinese: å¤§ä¸è¯åœ°å€; Simplified Chinese: å¤§ä¸åŽåœ°åŒº; Pinyin: DÃ ZhÅnghuÃ¡ DÃ¬qÅ«) is a term referring collectively to mainland China, Hong Kong, Macau, and territories administered by the Republic of China (Taiwan), usually in the context of their financial markets and economies. ...

Ownership

The magazine is owned by US-based business publisher Dow Jones & Company and The Wall Street Journal. Since the change in publishing format, Hugo Restall, who was previously with the The Wall Street Journal Asia, currently serves as the new chief editor of the magazine. United States is the current Good Article Collaboration of the week! Please help to improve this article to the highest of standards. ... The Wall Street Journal is an influential international daily newspaper published in New York City, New York with a worldwide average daily circulation of more than 2. ... The Wall Street Journal Asia is a version of The Wall Street Journal that provides news and analysis of global business developments for an Asian audience. ...

Readership

FEER mainly targets markets in Hong Kong, Malaysia, and nearby regions in Southeast Asia. It reaches an elite group of readers from the government, the business world and the academic sector. According to the magazine circulation figures provided by FEER on its official website, roughly 20,000 subscription copies are distributed in Southeast Asia, North America and Europe. The magazine has a circulation of 93,055 (HKABC Jul - Dec 2003), although these figures do not reflect a probable drop in circulation since the magazine's format change. From 28 September 2006, the magazine was banned in Singapore for failing to comply with conditions imposed under the amended Newspaper and Printing Presses Act [2]. Location of Southeast Asia Southeast Asia is a subregion of Asia. ... Location of Southeast Asia Southeast Asia is a subregion of Asia. ... World map showing North America A satellite composite image of North America. ... World map showing Europe Political map (neighboring countries in Asia and Africa also shown) Europe is one of the seven traditional continents of the Earth. ... September 28 is the 271st day of the year (272nd in leap years) in the Gregorian calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

History

Far Eastern Economic Review was started by Eric Halpern, an immigrant from Vienna, who initially settled in Shanghai and published Finance and Commerce, a biweekly business magazine. Later on, when China was in the midst of the Chinese Civil War, he decamped to Hong Kong and founded the weekly publication, FEER. Inhabitants according to official census figures: 1800 to 2005 Vienna in 1858 UN complex in Vienna, with the non-affiliated Austria Center Vienna in front - picture taken from Danube Tower in nearby Danube Park. ... Shanghai (Chinese: ; pinyin: ; Shanghainese: ), stuated on the banks of the Yangtze River Delta in East China, is the largest city of the Peoples Republic of China. ... Combatants Chinese Nationalists Chinese Communists Commanders Chiang Kai-shek Mao Zedong Strength 3,600,000 (circa June 1948) 2,800,000 (circa June 1948) The Chinese Civil War (Traditional Chinese: , Simplified Chinese: ; pinyin: guÃ³gÃ²ng neÃ¬zhÃ n; literally Nationalist-Communist Civil War) was a conflict in China between...

(modified and simplified from original articles "Telling Asia’s Story" By L. Gordon Crovitz, senior vice president at Dow Jones, editor and publisher of the REVIEW from 1992 to 1996.)

On 16 October, 1946, FAR EASTERN ECONOMIC REVIEW was first issued as an Asian news magazine, based in Hong Kong. FEER set off its journalistic devotion by explaining how Asia grew into an economic powerhouse through day-to-day efforts and built a better life for themselves and the future generation.

The magazine roots to pre-war Shanghai. At the time, the city’s only English-language publication was “Finance and Commerce” whose senior editor was Eric Halpern. Although the civil war was still in full swing, Shanghai was liberated from Japanese occupation and Halpern decided that Hong Kong was the ideal location for setting up a new business magazine which focused on finance, commerce and industry. Shanghai (Chinese: ; pinyin: ; Shanghainese: ), stuated on the banks of the Yangtze River Delta in East China, is the largest city of the Peoples Republic of China. ... A civil war is a war in which parties within the same culture, society or nationality fight for political power or control of an area. ...

After Halpern's retirement in 1958, Dick Wilson became chief editor and publisher. He operated an office in a colonial building along the waterfront where the Mandarin Hotel now stands. During Wilson’s tenure, coverage of the magazine extended from China and Hong Kong into other regions around the world, from Japan to Australia to India and to the Philippines. The magazine was brimming with professional articles and reports supplied by cross-border top journalists and scholars.

In 1964, Wilson passed the editorial reins to Derek Davies, a Welsh journalist, who had served in the British Foreign Office. Under Davies, the magazine continued to attract contributions from many of the region’s leading journalists and developed a worldwide reputation as the leading source of news about Asia. After serving 25 years as senior editor, Davies’pose was succeeded by Philip Bowring, whose reports on business and economics sat the standard for reporting complex dealings in Asia’s markets. The Welsh are an ethnic group associated with Wales and the Welsh language, which is a Celtic language. ... The Foreign and Commonwealth Office (FCO) is the United Kingdom abroad. ...

At present, nearly 1,700 business and financial news staff work world-wide for the magazine, which contributes to the largest network of business journalists in the world. Recently ,FEER started printing in Hong Kong.

Independent Journalistic Establishments

Besides qualified business reports, FEER was also the pioneer of independent journalistic establishments throughout Asia. Many of the articles from the first few decades were exclusive sources of information on the development of China, such as the report on Chairman Mao, the Cultural Revolution and the economic opening initiated by Deng Xiaoping. Despite the fact that journalists were not permitted to enter China during this period due to the era of authoritarian regimes, these covered events were still the core themes of the magazine. World map showing the location of Asia. ... Mao Zedong (December 26, 1893—September 9, 1976) was the chairman of the Communist Party of China from 1935 until his death. ... The Great Proletarian Cultural Revolution (Simplified Chinese: , Traditional Chinese: ; pinyin: WÃºchÇŽn JiÄ“jÃ WÃ©nhuÃ DÃ GÃ©mÃ¬ng; literally Proletarian Cultural Great Revolution; often abbreviated to æ–‡åŒ–å¤§é©å‘½ wÃ©nhuÃ dÃ gÃ©mÃ¬ng, literally Great Cultural Revolution, or even simpler, to æ–‡é© wÃ©ngÃ©, Cultural Revolution) in the People... Deng Xiaoping Deng Xiaoping (Simplified Chinese: é‚“å°å¹³; Traditional Chinese: é„§å°å¹³; Pinyin: DÃ¨ng XiÇŽopÃng; Wade-Giles: Teng Hsiao-ping; August 22, 1904â€“February 19, 1997) was a leader in the Communist Party of China (CPC). ...

These sample articles on the historical value and social interest of the development of Asian community show where the magazine's concern lies.

1)“Construction of tunnel connecting Hong Kong Island to Kowloon” by Sir Lawrence Kadoorie (Lord Kadoorie) in a 1955 article Lawrence, Lord Kadoorie (June 2, 1899 in Hong Kong - August 25, 1993 in Hong Kong) was a famous industrialist, hotelier, and philanthropist. ...

3)“Philippine youth in revolt and Sir Y.K. Pao (Chinese :包玉剛) on fleet-building in Asia” by Benigno Aquino

The magazine continued to survive after the ownership was passed to the publishing company Dow Jones & Co in 1973.

Editorial

Editorial Statement

For the first issue, the inaugurator, Mr Halpern, declared a brief but enduring Editorial Statement:

"The purpose of this weekly economic publication is to analyze and interpret financial, commercial and industrial developments; to collect economic news; and to present views and opinions with the intent to improve existing conditions. Politics and economics being connatural, it will be inevitable that this publication may at times appear to transgress its primary objective by reporting on, and dealing with, political affairs. At any time and in every case unbiased and dispassionate, factual and balanced reporting will be our aim and policy." FEER Logo This is a copyrighted and/or trademarked logo. ...

Image File history File links FEERcover. ... Image File history File links FEERcover. ...

Editorial Stance

The Review aims to report and analyze financial, commercial and industrial developments in the Southeast Asia and Pacific regions with specific emphasis on Hong Kong and China. It seeks to gather the most incisive and provocative commentary in Asia through leaders from every ideological stripe, background and profession. Articles were selected in accordance to their potential progress toward prosperity, security and well-being for all Asians. Besides free-lance contributions and viewpoints from professionals, FEER's journalists also travel around the region reporting from their own perspective with the intention to improve the local economic zone.

With reference to the article “From the Editor” on the official website of Far Eastern Economic Review (FEER), chief editor Hugo Restall discusses four reports by FEER including “North Korean nuclear weapon program”, “Purchase of China Construction Bank by Bank of America”, “Fall of Indonesian rupiah” and “Japanese election”. By the detailed discussion of the four reports, Mr. Restall explains as being involved in journalism, one should have a skeptical stance. As it is written: North Korea, officially the Democratic Peoples Republic of Korea (DPRK; Korean: Chosŏn Minjujuŭi Inmin Konghwaguk; Hangul: 조선민주주의인민공화국; Hanja: 朝鮮民主主義人民共和國), is a country in eastern Asia... The mushroom cloud of the atomic bombing of Nagasaki, Japan, 1945, rose some 18 kilometers (11 mi) above the hypocenter. ... The China Construction Bank (Chinese: ä¸å›½å»ºè®¾é“¶è¡Œ; Pinyin: ZhÅngguÃ³ JiÃ nshÃ¨ YÃnhÃ¡ng) SEHK: 0939 is one of the big four banks in the Peoples Republic of China. ... Typical Bank of America consumer banking center Bank of America NYSE: BAC TYO: 8648 , headquartered in Charlotte, North Carolina (see Bank of America Corporate Center), is the largest commercial bank in the United States measured in deposits (although Citigroup has higher assets worldwide), and the third-largest company in the... The 1998-2001 series of rupiah banknotes The Rupiah (Rp) is the currency of Indonesia (ISO 4217 currency code IDR). ... An election is a decision making process where people vote for preferred political candidates or parties to act as representatives in government. ...

“But as Ko Mishima and Robert Ward write in separate essays, despite the celebrations of Prime Minister Junichiro Koizumi’s new style of politics, there is reason to doubt how much substantive change lies ahead. ……it’s probably best to remain skeptical.” Junichiro Koizumi , born January 8, 1942) is the current Prime Minister of Japan (since 2001). ...

Editorial Team

Previously he functioned as an editorial page writer on the editorial board of The Asian Wall Street Journal in April 1994, focusing on economic topics such as fiscal and monetary policies as well as market regulations. He graduated from Dartmouth College as a major in Asian Studies and during his time at Dartmouth, he was the editor-in-chief of The Dartmouth Review. He also studied at Yunnan University, and thus is fluent in Chinese Mardarin . In 1998, he became the deputy editorial page editor of AWSJ and later in 1999 was promoted as the editorial page editor . The Wall Street Journal Asia is a version of The Wall Street Journal that provides news and analysis of global business developments for an Asian audience. ...

Mr Restall served as a member of the Abraham Lincoln Fellows organized by The Claremont Institute at 2004 in which seeking to promote an understanding of the moral basis of law, exemplified in the speeches and deeds of Abraham Lincoln. In 2001 and 2003, Mr. Restall was awarded by the Society of Publishers in Asia (SOPA) award twice for "Best Opinion Piece"

Colum Murphy became deputy editor of the FEER in March 2005. Image File history File links Colum-1-.jpg sourced from http://www. ...

Previously he was a reporter at The Hong Kong Standard, covering daily news to broaden public policy issues in Hong Kong. He also conducted researches and reports for various publications such as The Asian Wall Street Journal, International Herald Tribune, Newsweek, Bangkok Post and Nihon Keizai Shimbun. The Wall Street Journal Asia is a version of The Wall Street Journal that provides news and analysis of global business developments for an Asian audience. ... The International Herald Tribune (www. ... The Newsweek logo Newsweek is a weekly news magazine published in New York City and distributed throughout the United States and internationally. ... The Bangkok Post is one of three daily English-language newspapers published in Bangkok, Thailand. ... Nihon Keizai Shimbun (æ—¥æœ¬çµŒæ¸ˆæ–°èž) is a leading financial newspaper in Japan. ...

He graduated from Dublin City University majoring in International Marketing and Japanese. He also holds a Masters in International Affairs from Columbia University's School of International and Public Affairs and a Masters of Commerce from Tokyo's Meiji University .

Editorial Section Titles

Reports by FEER

FEER regularly publishes reports that cover key topics in Asia. These reports are informative and important to the marketers, businessmen and also academics.

"China's Elite"(2003 Issue) is a yearly side-publication by the FEER. Focusing on China's leading executives and their way of business, "China's Elite" is often praised as a valuable source of information on statistics, expectations and objective analysis obtained through in-depth interviews with leading businessmen in Beijing, Shanghai and Guangzhou. Beijing [English Pronunciation] (Chinese: åŒ—äº¬ [Chinese Pronunciation]; Pinyin: BÄ›ijÄ«ng; IPA: ), a city in northern China, is the capital of the Peoples Republic of China (PRC). ... Shanghai (Chinese: ; pinyin: ; Shanghainese: ), stuated on the banks of the Yangtze River Delta in East China, is the largest city of the Peoples Republic of China. ... (Simplified Chinese: å¹¿å·ž; Traditional Chinese: å»£å·ž; pinyin: GuÇŽngzhÅu; Wade-Giles: Kuang-chou; Postal System Pinyin: Canton) is the capital of Guangdong Province in southern China. ...

The "Review 200" (2003 Issue) is a tied publication by the Far Eastern Economic Review which ranks the top 200 leading businesses across Asia on an annual basis. This publication is particularly useful for companies to see their own performance in the market, as well as keeping track of competition.

Respondents were asked to rank companies using a scale of one to seven on their overall leadership performance. Those who did not recognize a company’s name gave that company a score of zero. They were also asked to indicate which of the following criteria applied to listed companies:

"high quality services or products, management with a long-term vision, innovative in responding to customers' needs, financially sound, a company that others try to emulate"

Published every two years since 1989 by FEER, "Managing in Asia" (2003 Issue) provides entrepreneurs with a clear description and explanation of Asia's business position. The report offers valuable information in the aspects of economic outlook, business challenges and economic issues, personal investment, technology/office automation, brand perception, ownership of products, travel habits,etc. Image File history File links Managing_in_asia. ...

The "Asia Lifestyles" (2002 Issue) is published in alternating years. It conducts surveys on business executives and questions their lifestyles, habits and aspirations. A written report concerning customer's behaviours and attitudes towards the various products and services are also published in accordance to the information obtained from surveys. It is especially informative and useful to the marketing field because the relevant parties gain a better understanding towards their products and services based on customer's opinions. As a result, companies have the advantage to prepare and accommodate with the rapid or unpredictable changes in the Asian market.

FEER regularly publishes special reports focused on topics which are relevant and significant to Asia. For example, a special report on HIV/AIDS epidemicwas published in its issue on July 15.

FEER regularly interviews government officials and other important people who have an impact in the region and the business world. In the past, FEER has interviewed Colin Powell, the US former Secretary of State (issue date: 28 October 2004), Kofi Annan, the Secretary-General of United Nations (issue date: 22 July 2004), Chen Shui-bian, the Taiwanese President (issue date: 24 July 2003), Bill Gates, Chairman and co-founder of Microsoft (issue date: 14 March 2002), and many more influential people. For details, you can refer to Top Interviews. General Colin Luther Powell, United States Army (Ret. ... This article or section does not cite its references or sources. ... Chen Shui-bian, President of the Republic of China Chen Shui-bian (ch. ... This article is about one of the founders of Microsoft. ...

In 2002 and 2003, FEER was awarded the "Excellence in Specialized Reporting" by Society of Publishers in Asia (SOPA). In 2004, it was awarded the "Honourable Mention for Magazine Front Cover Design" by SOPA. In 2005, it was awarded the "Excellence in Magazines" and "Honorable Mention for Reporting on the Environment" by the SOPA.

Censorship of the FEER

In late 1970s, Ho Kwon Ping, the Review's Singapore correspondent, was accused of endangering national security and fined $3,000. Lee Kwan Yew later charged FEER editor, Mr. Derek Davies, of participating in "a diabolical international Communist plot" to poison relations between Singapore and neighbouring Malaysia. This article needs copyediting (checking for proper English spelling, grammar, usage, etc. ...

In the 1980's Mr. Lee banned the Review in Singapore after it published an article about the detention of Roman Catholic church workers.

In China the Review's correspondent, Serge Ivanovitch Kost, was arrested during the Cultural Revolution and sentenced to 15 years' imprisonment. He later emigrated to Australia.

In 2006, after the publication of an article on Dr. Chee Soon Juan, an opposition politician and member of the Singapore Democratic Party, Singapore's prime minister Lee Hsien Loong and his father and minister mentor, Lee Kuan Yew, sued the publication for defamation alleging the magazine had suggested they were corrupt. The Financial Times urged the publication to fight the libel suit.^[1] Since the journal does not have assets in Singapore, the government subsequently demanded that the FEER and Newsweek, Time, the Financial Times and the International Herald Tribune to appoint a legal representative and pay a S$200,000 (US$126,000) security bond.^[2] After FEER failed to comply with government regulations, the Singapore government banned the sale and distribution of the journal and even having a subscription to the journal was made illegal. Dr. Chee Soon Juan, Secretary-General of the Singapore Democratic Party (SDP) Dr. Chee Soon Juan (Simplified Chinese: ???; Traditional Chinese: ???; Pinyin: XÃº ShÃ¹nquÃ¡n) is the Secretary-General of the Singapore Democratic Party (SDP) and a trained neuropsychologist. ... Party logo The Singapore Democratic Party (SDP) is a liberal party in Singapore. ... This is a Chinese name; the family name is æŽ (Li). ... This is a Chinese name; the family name is æŽ (Li). ... The Financial Times (FT) is an international business newspaper printed on distinctive salmon pink broadsheet paper. ... The Newsweek logo Newsweek is a weekly news magazine published in New York City and distributed throughout the United States and internationally. ... Two distinct views exist on the meaning of time. ... The Financial Times (FT) is an international business newspaper printed on distinctive salmon pink broadsheet paper. ... The International Herald Tribune (www. ... The Government of Singapore is formed by the political party which gains a 50% majority in the general elections held in Singapore at least once every four years. ...

In the October edition, FEER published a special edition on Singapore. Referring to the recent ban, the journal's editor Hugo Restall asked: "So why is it still using repressive measures against a monthly magazine that employs a total of three full-time journalists and has 1,000 subscribers in the country?" ^[3] Since FEER does not have any employee in Singapore, any legal action against the journal could be challenged in Hong Kong. The journal furthermore has published all its correspondence with the legal council of Lee Kuan Yew and Lee Hsien Loong as well as the Singapore government on its website. At a news conference in Hong Kong, Hugo Restall said: "We are planning to defend the defamation lawsuits vigorously and look forward to having our day in court in Singapore” ^[4] and attempted to have the libel suit nullified [3].

In response to the FEER editorial on the ban, Singapore's Ministry of Information, Communications and the Arts advised the magazine to seek legal redress [4] if it felt the Singaporean government has acted against the law. Just a day earlier, PM Lee had called for "responsible journalism" in his speech at the 7th Asian-European Editors' Forum [5]. While he did not name any publication, its timing appeared to be aimed at FEER and other publications who had previous clashes with the Singapore government. The Old Hill Street Police Station is currently the headquarters of the Ministry of Information, Communications and the Arts, Singapore. ...

Awards Presented by FEER

The Young Inventors Awards (YIA) began in 2000, it was organized by Far Eastern Economic Review (FEER) in association with Hewlett-Packard (HP). The purpose of the Awards program is to foster a spirit of scientific invention and innovation among students in the Asia-Pacific regions, including China, Philippines, Singapore, India and Australia. Students who win the award are socially recognized and financially supported for their outstanding efforts and projects. Image File history File links YIA.jpg sourced from: http://www. ... Image File history File links YIA.jpg sourced from: http://www. ... The Hewlett-Packard Company (NYSE: HPQ), commonly known as HP, is a very large, global company headquartered in Palo Alto, California, United States. ... Map of the Pacific Rim and List of the Pacific Rim Nations The Pacific Rim is a political and economic term used to designate the countries on the edges of the Pacific Ocean, as well as the various island nations within the region. ...

FEER's annual Asian Innovation Awards is associated with Global Entrepolise @ Singapore, which honors Asia's emerging Technopreneur. Candidates for this award are judged against their innovative proposal as well as technological and commercial potential. ImageMetadata File history File links AIA2004. ... ImageMetadata File history File links AIA2004. ...

Other publications owned by Dow Jones Company:

The Far Eastern Economic Review is part of the Dow Jones network of nearly 1,700 business and financial news staff world-wide, the largest network of business journalists in the world.

External links

Print Publishing

Electronic Publishing

References

Contents

Ownership

Readership

History

Independent Journalistic Establishments

Editorial

Editorial Statement

Editorial Stance

Editorial Team

Editorial Section Titles

Reports by FEER

Censorship of the FEER

Awards Presented by FEER

Other publications owned by Dow Jones Company:

External links

Print Publishing

Electronic Publishing

References

See also

Contents

Ownership

Readership

History GA_googleFillSlot("encyclopedia_square");

Independent Journalistic Establishments

Editorial

Editorial Statement

Editorial Stance

Editorial Team

Editorial Section Titles

Reports by FEER

Censorship of the FEER

Awards Presented by FEER

Other publications owned by Dow Jones Company:

External links

Print Publishing

Electronic Publishing

References

See also

History