Asian Financial Crisis

by Nicola Bullard
“The IMF bill is a hot-potato, and as we get closer to the November congressional election everyone wants it out of the way,’’ says Carol Welch from Friends of the Earth -US. But, so far, the IMF funding bill shows no sign of going away, having been sidetracked yet again in its uncertain progress through the US Congress. Read the rest of this entry »

Vitoon Panyakul
A few years ago, if someone says the Thai economy would come to a brink of collapse soon, everyone would laugh. But now it is the reality, even though many people not yet awake from the shock and come to the term with it yet. Despite the government kept give assurance that the present crisis is still manageable and Thailand would soon return to the fast track of being the miracle tiger of Asia again, everyone else has already suffered from a series of serious economic recession and has no idea whether they can live through it. Read the rest of this entry »

By Nelson Graves

KUALA LUMPUR, (Reuters) - Ahmad Mohamed Qali is staring Asia’s economic future in the face and does not like what he sees.

“I came from far away to work,” the 35-year-old Iranian civil engineer says at a dusty construction site in the heart of Malaysia’s capital. “Then suddenly the ringgit (currency) crashed and everybody said there would be no jobs. So I’m worried.” Read the rest of this entry »