Corrections & Clarifications
Asia's new giants (Special Report, Nov. 27)
"Asia's new giants" (Special Report, Nov. 27) gave incorrect revenue figures for two companies. Philippine Long Distance Telephone's operating revenues rose 8.5%, to $850 million. San Miguel Corp.'s revenues rose 12%, to $2.6 billion. Also, the report should have said that Taiwan Semiconductor Manufacturing Co.'s president has a handful of Taiwanese with American engineering degrees working with him, not MBAs.