Southeast Asia Archives

September 4, 2008

Thai markets maintain retreat

The Stock Exchange of Thailand (SET) remained open at the start of trading on Wednesday, despite the state of emergency declared by Prime Minister Samak Sundaravej in the wake of widespread street protests and confrontations accompanied by the threat of strikes, particularly in the utilities and transportation sectors. Although Thai equity markets have been down over 25% in the past three-and-a-half months, they are at present proving relatively resilient in the short term, given the circumstances.

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June 5, 2009

Singapore faces long haul back

Singapore's gross domestic product (GDP) fell 10.1% in the first quarter this year from the same period in 2008. This represents a decline of 14.6% quarter-on-quarter following a 16.4% fall in the fourth quarter of 2008. All sectors experienced further quarter-on-quarter declines, with the exception of construction and financial services. The broad weakness was especially marked in electronics, biomedical manufacturing, precision engineering, chemicals and manufacturing.

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June 19, 2009

Malaysia tries for economic reset

Prime Minister Najib Razak took over a tough assignment when he took office in Kuala Lumpur at the beginning of April, following the election victory of the United Malays National Organization (UMNO). He faced an economy in contraction, with a decline of 6.2% in gross domestic product (GDP) in the first three months of this year and about the same is expected for the second quarter. Not surprisingly, he has announced a stimulus package amounting to US$19 billion.

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August 13, 2010

Singapore shows its strengths

Singapore's breathtaking economic growth, an annualized 24% compared with the previous three months, is unlikely to continue at the same pace as key trading partners such as the United States and the European Union struggle to maintain recovery momentum, according to the government.

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August 19, 2010

Golden period ahead for Taiwan

A "golden decade" lies ahead for Taiwan equities, according to CLSA Asia-Pacific Markets in a report published a day after the island's parliament approved an historic trade agreement with the mainland.

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August 26, 2010

Indonesia to keep shining

Jakarta's principal stock market index has more than doubled since President Susilo Bambang Yudhoyono won the July 2009 presidential elections with a margin that made a run-off unnecessary. Yudhoyono's comfortable victory came three months after his Democratic Party coalition won 314 of the 560 seats up for election to the People's Representative Council, the country's legislature. The stage was set for a period of political stability that has encouraged investment by local and overseas companies, including South Korean steel giant POSCO, and consumer spending.

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September 3, 2010

Malaysia reaps reform benefits

When Najib Razak took over as Malaysia's prime minister at the beginning of April last year, following the election victory of the United Malays National Organization (UMNO), the country's main stock exchange index KLCI stood at 901.

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About Southeast Asia

This page contains an archive of all entries posted to Robert M. Cutler on Energy and Eurasia in the Southeast Asia category. They are listed from oldest to newest.

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