re malaysia: they make a lot of laborers cheap in Malaysia.
From the latest Financial Times: three items
* bottom of the list of 12-month stock performance is indonesia (down 30%), malaysia, phillipines, thailand (down 70%).
** worst 12-month exchange rates depreciation against $ is phillippines (-14%), malaysia (--14%), indonesia (-21%), thailand (-26%).
*** Annual income stats: Malaysia $8000, thailand $7000, indonesia $3000, china and phillippines $2500
Indonesia, Malaysia, Thailand and Phillipines are all low-cost locations that the big multinational electronics and computer firms use for manufacturing. TI has a huge plant in Malaysia, I also see several Japanese electronics houses on the list. Currency devaluation makes TI products made in Malaysia even cheaper, or increases profits to TI. Acer is is Malaysia, is not doing well. You can check out the Malaysian stock exchange at klse.com.my |
