16
Jul
07

A harsh assesment of South-East Asian economies(Yes, that includes Singapore and Malaysia)

The following article is worth a read. While many of us may not bat an eyelid with the less than stellar appraisal of Malaysia, some of us will be surprised that Singapore is not that much better too.

From 1993—when the first significant international portfolio investments came into Southeast Asian bourses—to the end of 2006, total dollar returns with dividends reinvested in Thailand and the Philippines were actually negative. Returns in Indonesia and Malaysia were worse than leaving money in a London bank account. Singapore produced less than half the gain of the London or New York markets, with which only Hong Kong was comparable.

I wonder how some of us would feel about that boldfaced quotations?

(Via:Tomorrow.sg)

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About me

moogleBorn and bred in KL, Malaysia. Now studying for his Phd in Singapore. Learning to walk one fall at a time.
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