atans1

Asean round-up

In China, Malaysia on 15/06/2013 at 6:59 am

1997/ 1998 all over again?

http://www.bbc.co.uk/news/business-22871588

Asian manufacturers got no pricing power

Producer prices are sliding across the region – falling 8.5 percent even in the Philippines, where GDP grew 7.8 percent in the first quarter. Cheaper commodities are partly to blame, but the main culprit is sluggish demand from the United States. If companies can’t make up the difference, they may struggle to repay growing debts … On average, factory-gate prices in China, Taiwan, South Korea, Malaysia, Indonesia, Singapore, Thailand and the Philippines fell 3.5 percent in April, the eighth straight month of declines.

http://blogs.reuters.com/breakingviews/2013/06/12/deflation-flu-could-leave-asia-feeling-very-sick/

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  1. Thais Chinese tycoons who are mostly disciples of our great MM Lee who is no business man,love him and believe him when he told that that “Asians are going places,sky is the limit,the best is yet to be,love glamour and huge debt.I hope our great leader does not disappoint them.

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