Asian Financial Crisis

Ghosts of the Asian financial crisis live on amid heightened concern about China
(July 24): Twenty years ago, Steven Koh was working at the Jakarta office of BDNI Securities, part of the Gajah Tunggal group. Among the projects on his plate was the public listing of five companies, including a prawn farm that was being valued at some US$300 million. If the prawn farm had listed, and the region’s economies continued booming, he figures he and his colleagues would have ...
These 3 Asia markets have not bounced back on track since crisis 2 decades ago
(July 5): Three stock markets have never returned to the peaks they achieved in the years before the Asian financial crisis triggered a region-wide sell-off two decades ago. Japan’s Topix Index reached a record high in dollar terms in December 1989. On Tuesday, it was trading 29% lower. Thailand’s SET and Taiwan’s TWSE make up the trio of gauges that have failed to regain past glories ...
After making her fortune, Anna Haotanto wants to teach others more about investing
SINGAPORE (May 15): Anna Vanessa Haotanto became a selfmade millionaire at 29, an age when many people are still climbing the corporate ladder. She achieved this mainly by making smart investments and saving prudently. Born and raised in Singapore, Haotanto, now 32, is the founder of thenewsavvy.com, an online platform that focuses on financial and career issues facing women in Asia. She is ...
Asian nations swimming in debt at risk from Fed rate hikes
SINGAPORE (April 10): Twenty years after the Asian financial crisis and a decade since the global credit crunch, the region is swimming in debt. The debt binge is spread across companies, banks, governments and households and is inflating bubbles in everything from the price of steel rebar in Shanghai to property prices in Sydney. As the Federal Reserve raises borrowing costs, that means debt ...
The future of the Malaysian ringgit
SINGAPORE (March 6): Last May, a 128-gigabyte Apple iPhone 6s Plus in Malaysia cost RM3,699. At the exchange rate of SGD1:RM2.85 then, that would have been around $1,298 –about the same as the retail price in Singapore. At today’s exchange rate of RM3.16 though, Singaporeans can get the same phone for $1,170 in Malaysia. With the phone selling in Singapore for $1,218, they could save ...