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Updated: May 16, 2012
• Indonesia maybe the new 'I' in Bric
South-east Asian nations are swallowing an outflow of money from India
• Myanmar opens for business, India Inc treads cautiously
• McCain calls for suspension of Myanmar sanctions
• Scorching hot weather affects Thai emotions
• Malaysia plans to reduce foreign labour by 10-20 %
• Flood of Chinese products prompts review of FTA in Indonesia
• The joke of the Nobel Peace Prize: After Obama, Thein Sein as a possible recipient
Asean Weekly ending May 11, 2012
Aung San Suu Kyi enters parliament. Opposition leader More
ASEAN STOCK WATCH Updated: May 17 , 2012
By Shayne Heffernan Ph.D.
Asean Market Preview
Asia will come under pressure today as the EuroCrisis continues to worsen.Greeks are said to have withdrawn at least 700 million euros ($890 million) from banks on Monday alone. Several banking sources said Tuesday was similar.
Nearly a third of bank deposits were taken out in the first three months of this year.
The Greek Central Bank said that since the beginning of 2010, 72 billion euros of savings deposits have been taken out of Greek banks.
Experts say this is not only people moving their money somewhere else. They say a lot of Greeks are also eating into their capital, spending it on daily survival. More
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