Monday 20 October 2008

Malaysia's financial cure in the eyes of BBC

MALAYSIA:
Background: Malaysia is one of the world's largest producers of computer disk drives, palm oil, rubber and timber.
Exports are a key part of the economy, but the government has been trying to increase domestic demand.
Data: Gross national income per capita: $6,540 (World Bank, 2007)
Latest: The government has offered to guarantee all local and foreign currency deposits up until the end of 2010

Compared with Singapore
SINGAPORE:
Background: Singapore is south-east Asia's hi-tech, wealthy city state. A former colonial outpost of Britain, Singapore has become one of the world's most prosperous regions - with a thriving port, and skyscrapers.
It is often referred to as one of Asia's economic "tigers". Singapore's economy has been driven by electronics manufacturing as well as financial services.
Data: Gross national income per capita: $32,470 (World Bank, 2007)
Latest: The government has offered to guarantee all local and foreign currency deposits up until the end of 2010.

Compared with Hong Kong
HONG KONG:
Background: The former British colony became a special administrative region of China in 1997. Governed under the principle of "one country, two systems", under which China has agreed to give the region a high degree of autonomy and to preserve its economic and social systems for 50 years from the date of the handover.
Key data: Gross National Income per capita: $31,610 (World Bank, 2007)
Latest: The central banks joined the growing number of countries to cut their interest rates. Has promised to guarantee all bank deposits until 2010.

1 comment:

CSK said...

Spot the difference