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New Straits Times
Nov 9
Comment
Hindsight has the International Monetary Fund making smarter decisions on financial reforms a decade after the Asian financial crisis, writes MOHAMED ARIFF
Wall Street Journal
Oct 23
Comment
It could take some time before economic fundamentals catch up with the hot air in Hong Kong's booming property market.
Business Times - Malaysia
Aug 18
Comment
MALAYSIA'S 2010 budget deficit will be lower than this year, Second Finance Minister Ahmad Husni Hanadzlah said on Tuesday.
Malaysia is readying its 2010 budget after a year in which the government projects the economy will shrink by 5 per...
New York Times
Aug 17
Comment
South Korea's financial regulators said Monday that the country had recovered about 55.7 percent in total public funds spent to bail out financial companies hit by the 1997-98 Asian financial crisis.
BNN
Aug 14
Comment
Hong Kong emerged from its deepest recession since the Asian financial crisis in the second quarter, growing by a much faster-than-expected 3.3 percent from the previous quarter, in a further sign the global economy may be on the mend.
Financial Times
Aug 9
Comment
The stimulus has made the short-term secure. Butwith no sign of the taps being turned off soon, the surge of credit is beginning to have worrying implications for Hu Jintao’s political successors
Financial Times
Jul 2
Comment
South Korea says it would launch a Won5,000bn fund together with state-run banks and pension funds as the government calls for more aggressive corporate spending
Financial Times
May 15
Comment
Exports in Hong Kong saw their biggest drop in more than half a century, however, its financial secretary expects the economy to improve in the second half of the year
Financial Times
Apr 16
Comment
Surge in number of companies that have had their credit ratings cut from investment grade to junk
Wall Street Journal
Apr 9
Comment
Philippine brewer San Miguel is using the global downturn to grab stakes in regional energy and natural resources markets.
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The Asian Financial Crisis began in July 2007 when the Thailand government was forced to float its currency called a Thai baht. The removal of the peg to the USD led to a rapid devaluation of the currency and a financial meltdown in Pacific Asia. Foreign investors seeking attractive interest rates pumped money into these Emerging Markets, and the hot money fueled economic expansion, but created a bubble in financial assets in the region. A hiccup, starting in Thailand, led to a rush to pull money from the region and inflows in the country came to a screaching hault. A severe economic downturn followed. Banks around the world had lent money and found themselves loosing money. Especially hard hit were the Japanese banks.
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