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DOING business in Asia is a tight squeeze. Rising costs and pressure to cut prices are seen as the top two business challenges by company managers in the region. But even in the face of these fiscal pressures, companies aren't likely to shave budgets.
The private sector should go beyond compliance with the existing statutory structure to adopt a greater level of transparency and accountability in business transactions, said Transparency International Malaysia president Tunku Abdul Aziz Tunku Ibrahim.
The Philippines is able to service its debt, the government said Tuesday, as officials scrambled to reassure jittery investors a day after the president rattled the markets by saying the country was in the throes of a fiscal crisis.
Cambodia's leader sought to assure investors Friday that his government will introduce business reforms in an apparent response to a recent World Bank report that slammed the country for its corruption and weak rule of law.