World Business: Personal File: Aug. 23, 1963

∙ After five years of glaring at their old colonial masters, the hard-pressed Indonesians are showing some willingness to do business with the Dutch. Philips Lamp President Frits Philips, 58, whose giant corporation wrote off Indonesian factories worth $5,300,000 after President Sukarno kicked the Dutch out, is just back from a trip to Indonesia with a new agreement. Philips agreed to train Indonesian technicians in The Netherlands, send experts to study Indonesian production problems. Also in the works for Indonesia: $28 million in Dutch trade credits.

∙ A nation that took its silkworms seriously, Japan was shocked when aggressive Shigeki Tashiro, head...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!