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Strategies & Market Trends : Asia Forum
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To: Thomas Haegin who wrote (1006)1/16/1998 8:39:00 PM
From: Stitch  Read Replies (2) of 9980
 
Thomas;

<<I'd really like to see how the streets of
Bangkok or KL look these days: >>

What you might notice are emptier shops etc. My mother-in-law who is an old fashioned Chinese lady that likes to do her shopping in China Town in K.L. came back from a foray the other day. As you may know we are approaching Chinese New Year here, normally a seasonal buying time. The Chinese like to purchase new clothing this time of year. In fact it is a tradition to greet the New Year in a brand new, head to toe, outfit which is considered good luck. She remarked at how less crowded this year the shops and stalls were.

Insofar as traffic I guess it will take more then a recession to lighten the burden on the incredibly jammed roads in K.L. and Bangkok. But we notice things like less crowded restraunts and bars. I have not yet heard of wholesale layoffs (except Seagate) but I have heard of a few here and there so cutbacks are starting.
Best,
Stitch
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