Bickering heightens tensions among three countries

Article Abstract:

Tension is building between the economically troubled countries of Malaysia and Indonesia and the stable city-state of Singapore. Singapore's leaders believe that the two countries' mismanagement of financial sectors is to blame while Malaysian and Indonesian leaders think that the city-state has not done enough to help their situation. Singapore's plan to stimulate trade financing with Indonesia, which includes a pledge of some $3 billion, has yet to take effect and has strained relations between the two nations.

Administration of General Economic Programs, Intnl Economic Policy, International trade, Singapore, Indonesia, Malaysia, International economic relations

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Uncertainty in foreign exchange: newly floated currencies look cheap, but watchers see further skid

Article Abstract:

Investment advisers warn speculators that the dollar squeeze in Asian countries would bring about recessions in Korea, Malaysia and Thailand. Moreover, Philippines, Hong Kong and Singapore are all expecting slower growth for 1998. Don Hanna, Goldman Sachs in Hong Kong regional economist maintains that prospects for investing in Asian currencies are not good as financial reform continues to lag and dollar demand continues to rise.

Investment advice, Investment Advisory Services, Analysis, Forecasts and trends, Foreign exchange, Asia, Investment advisers, Currency devaluation, Devaluation (Currency)

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