Competitiveness surveys have bad news for much of Asia

Article Abstract:

A survey released by the World Economic Forum in Geneva, Switzerland, reveals a decline in the competitiveness of most Asian economies. The organization has continued to rank Singapore, Hong Kong and Taiwan among the world's most competitive economies but countries such as Indonesia, Malaysia, China, Korea and Thailand have all suffered a serious decline. The drop in ranking by the other Asian countries is attributed to progress made by the other regional economies and the developed nations of the world.

International economic relations, Asia, Economic Research Service, Competition (Economics), Surveys, Economic development, Economic surveys, World Economic Forum

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Investors watch for repeat of 1980s Hang Seng drop

Article Abstract:

Investors in Hong Kong are waiting if the city's stock market will drop due to Hong Kong's economic woes, similar to what happened to Hong Kong in the early 1980s. During that period, the benchmark Hang Seng Index dropped 63% over a 17-month period at a time when the city's gross domestic product slowed after a near double-digit gain rates. Interest rates have increased again, further aggravating Hong Kong's troubles.

Hong Kong, Hang Seng Index (Index)

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Korea's bonds face wariness

Article Abstract:

South Korea's bond market received a big boost following indefinite plans by investor Albert Cobetto to invest in the country. Another investor, George Soros, also plans to invest in the country. South Korea needs to convince Cobetto to participate in a large sale of Korean government-backed bonds in order to boost a still wobbly financial restrucutring.

South Korea, Economic policy, Credit market, Credit markets

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