Worldcom: What corporate governance? US business beats us at our own game

Enron and Worldcom, stars in the US new economy of the late 1990's. Arthur Anderson, previously a brand standing for stability, respect, and synonymous with US Business culture. All failed to return the trust of investors and the man in the street in US and Western business as a whole. A combination of improved corporate governance in Asia, and a fast decline in the US means that no longer is corporate governance a competitive disadvantage for many Asian economies and business.

Japan's six month economic outlook not bright

Japanese State Minister for Economic and Fiscal Policy Heizo Takenaka spelt out yet again yesterday that recovery is no where in sight for a Japanese economy seemingly in nowhere land...

Malaysia's currency peg jolt

Ever since the Malaysian ringgit was tied to the US dollar in response to attacks on the currency by money market speculators at the start of the Asian financial crisis, PM Mahathir has consistently defended it.