Asean round-up

In Malaysia on 24/11/2012 at 7:45 am

This week, shares in Universal Entertainment, a Jap co fell on reports that one of its affiliates made illegal payments to an associate of the former head of the Philippine gaming regulator.

Last Tuesday, it was reported that Thailand’s economy has slowed in the third quarter after weak global demand dented exports to the US and Europe.Gross domestic product increased by 3% in the three months to the end of September from a year earlier. That is down from 4.4% in the second quarter. Analysts expect growth to pick up in the coming months as domestic demand offsets weaker foreign sales. Thailand’s GDP increased by 1.2% when calculated on a quarter-on-quarter basis, slightly more than many analysts had forecasted.

Carrefour sell Indonesian Operations for US$672.7m. Another French biz bites the dust in region. French car makers rarely sell cars in the region, and major French banks have ceased providing US$ trade financing.

And fly AirAsia at yr own risk? The M’sian authorities have renewed its safety licence for only six months, instead of the usual one year. More probably, shaking mgt for money? Elections are coming.

And talking of elections, Indian and Chinese voters will be most “daft” to vote for PK. While Anwar’s gang and DAP are secular parties, PAS is a branch of the Muslim Brudderhood. Not only do the Brudderhood want to cut-off limbs and ban partying, but in Egypt it has just reinstated a regime based on a presidency that  has the powers of a pharaoh: something that secular Egyptians died to overthrow just over a year ago.

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