1997-1998 Global Financial Crisis

Samsung breaks a link in its ownership circle (JoongAng Daily)

13 May 2008

The announcement of reform plans by Samsung Group following the indictment of Chairman Lee Kun-hee last month brought the issue of circular ownership back to the forefront in Korea. Many family-controlled conglomerates use such ownership to control a vast web of company affiliates.

US slowdown to affect Asia in mid-08: Moody's (rediff.com)

13 May 2008

"With the US recording two successive quarters of weak growth, we anticipate Asia will soon begin to feel the pinch of slower demand across the Pacific," said Daniel Melser, senior economist in Moody's Economy.com, a unit of Moody's Corporation. If history is a guide, then expect export numbers around the region to begin sliding in the second and third quarters of 2008, Moody's Economy.com said ...

The Currency Stability Net (Sin Chew Jit Poh)

9 May 2008

The agreement reached Sunday (4 May) by finance ministers from 13 Asian countries, including Indonesia, to create a pool of at least US$80 billion in foreign exchange reserves was a significant step toward a regional version of the International Monetary Fund (IMF).