The better to see you

Article Abstract:

Organizations throughout Asia are traditionally reluctant to disclose information about themselves. The same attitude is apparent in both companies and governments. They also demonstrate ill-feeling towards those, including journalists and brokers, who try to reveal more information. The lack of transparency may have played a large part in causing the Asian economic crisis, and the response of blaming the disclosers is evident in its aftermath. Investors believe that transparency is vital for economic recovery.

Reporting & Disclosure, Information Dissemination-Natl Govt, Beliefs, opinions and attitudes, Asia, Asians, Business intelligence, Competitive intelligence, Government information

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Dysfunctional family

Article Abstract:

Thai Foreign Minister Surin Pitsuwan is the driving force behind efforts to revitalize Asean. This revitalization is to be mainly achieved through moving away from Asean's principle of not becoming involved in its members' domestic issues. Surin has called for a shift to constructive intervention, with issues in member states that affect other states being the subject of constructive criticism. He has also highlighted the way in which Asean's contribution to regional affairs has diminished.

Political activity, Association of Southeast Asian Nations, Pitsuwan, Surin

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Thorny hedge: Indonesia floats the rupiah, and investors look for cover

Article Abstract:

In early August Indonesian companies sold increasing amounts of local currency, fearing that the rupiah would continue to lose value against the US dollar. International banks were forced to support the rupiah, and Bank Indonesia announced the flotation of the rupiah, which fell 4.5% on the day. Pressure on the currency is expected to continue, with a trend towards further depreciation, according to chief economist for Citibank in Singapore, Alex Erskine.

Coinage & Currency, Indonesia, Money, Currency devaluation, Devaluation (Currency)

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