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Web-only Exclusives
November 30, 2000

From Our Correspondent: Hirohito and the War
A conversation with biographer Herbert Bix

From Our Correspondent: A Rough Road Ahead
Bad news for the Philippines - and some others

From Our Correspondent: Making Enemies
Indonesia needs friends. So why is it picking fights?

Asiaweek Time Asia Now Asiaweek story

FOR SALE:


THE PHILIPPINES IS AN archipelago of more than 7,000 islands -- and some of them are on the block. Last year plastics tycoon William Gatchalian bought a 100-hectare isle for $1.3 million. Former congressman Leonardo Guerrero acquired an 18-hectare islet for $700,000. Andres Soriano III, CEO of beer giant San Miguel, purchased Amanpulo island years ago. It is now an exclusive resort visited by the likes of Hollywood star Elizabeth Taylor. The best place to shop: the 1,200-island Palawan chain to the west. "Half the islands are available to the highest bidder," says Edward Hagedorn, mayor of the provincial capital of Puerto Princesa. "The going rate is $1.90 to $3.80 per square meter, more after Asiaweek tells the world about them." He owns one himself. Only Filipinos can buy an island fiefdom, but foreigners can acquire one through a corporation 60%-owned by Filipinos. Or they can marry a Filipino national and buy in their spouse's name. There is no divorce in the Philippines.

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   LATEST HEADLINES:

WASHINGTON
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TIME:

COVER: President Joseph Estrada gives in to the chanting crowds on the streets of Manila and agrees to make room for his Vice President

THAILAND: Twin teenage warriors turn themselves in to Bangkok officials

CHINA: Despite official vilification, hip Chinese dig Lamaist culture

PHOTO ESSAY: Estrada Calls Snap Election

WEB-ONLY INTERVIEW: Jimmy Lai on feeling lucky -- and why he's committed to the island state



ASIAWEEK:

COVER: The DoCoMo generation - Japan's leading mobile phone company goes global

Bandwidth Boom: Racing to wire - how underseas cable systems may yet fall short

TAIWAN: Party intrigues add to Chen Shui-bian's woes

JAPAN: Japan's ruling party crushes a rebel ì at a cost

SINGAPORE: Singaporeans need to have more babies. But success breeds selfishness


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