Southeast Asia Snaps?
Increasing number of data points suggesting that southeast Asia is under major stress. Currencies falling, countries are abandoning/cutting oil subsidies, and inflation is on a tear. Could we be at a breaking point?
More reading:
- Poverty-hit Bangladesh forced into huge fuel price hike (AFP)
- Vietnam's hard economic lesson for China (AsiaTimes)
- The case for lower fuel subsidy (Malaysian Star)
- China tells domestic oil producers to "dig deep" into potential (Xinhua)
- China airlines to raise fuel surcharge up to 50 pct (Reuters)
[Update] My friend @dickc suggest the following magnificent faux Variety headline for Vietnam's tumbling currency:
"No Hong Kong: Investors Long Dong Sing Swan Song"
