Word: basu
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Dates: during 2000-2009
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...JISM (JANUARY 2003) Inspired by Hollywood's Double Indemnity, this trailblazer cast Bipasha Basu as an unfaithful wife-shown in revealing sex scenes-who persuades her stud lover to murder her husband...
...past 18 months or so, Malaysia's image has been rejuvenated by its efforts to restructure the corporate sector, impose discipline on the stock market and weed out questionable characters. Malaysia has suddenly become the darling of financial analysts. "Laws and regulations are being applied impartially," enthuses P.K. Basu, who is chief Southeast Asian economist for the merchant bank Credit Suisse First Boston in Singapore. "Some previous transgressions are even being punished...
...after the departure a year ago of Finance Minister Daim Zainuddin, Mahathir put the country on a different track. "There was clearly a divergence of views on how to deal with the corporate sector," says Basu. "Dr. Mahathir decided Tun Daim's views were deeply flawed and has moved to a much more professional and open approach." Respected figures have been given critical regulatory posts in the central bank, at the debt recovery agency set up after the Asian crisis to dispose of repossessed corporate assets, at the securities commission and elsewhere. Stock market regulations were also changed requiring earnings...
...Malaysia's national oil giant Petronas was heavily subscribed. The Kuala Lumpur stock market?shunned by international investors after Mahathir temporarily imposed strict controls on the movement of money out of Malaysia in September 1998?has soared, rising about a third over the last year, a period during which Basu estimates that as much as a billion dollars has poured in from overseas. "When Malaysia is working well and hitting all the sweet spots together, it really roars," says Dominic Armstrong, regional research chief for Dutch bankers ABN AMRO in Singapore...