Word: bhaskaran
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...result, while paychecks are taking hits, they aren't evaporating. Singapore's unemployment rate of 3.2% as of March has been creeping up but is still very low compared with the U.S. or Europe. "Instead of outright retrenchments you have days cut from work," says Manu Bhaskaran, an economist with the Centennial Group in Singapore. "When you cut somebody's pay by 10 or 12%, how much less will they spend? They might not buy a new Versace shirt but they'll still...
...commodities. Now policymakers are opening the money taps again. In September China's central bank lowered its key interest rate to 7.2%, the first cut since 2002. More central banks are expected to follow. "We're going to move from monetary tightening to monetary loosening in Asia," says Manu Bhaskaran, a Singapore-based economist with the Centennial Group. "Inflation is yesterday's story...
...Just how far the Prime Minister is willing to go to restore the party's image will become evident in the next few weeks. "We are definitely at a major turning point," says Manu Bhaskaran, chief Asian economist at SG Securities. So far, most of the casualties have been relatively small fry: six party functionaries were suspended for practicing "money politics" during recent party elections. But a clear indication of Mahathir's resolve will come when the party's Supreme Council decides whether or not to take disciplinary action against UMNO secretary-general Khalil Yaacob. Although accusations of corruption against...
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