Asian Banks' exposure limited

Succeeding my earlier post, I find it obligatory to bring to your attention that Asian banks' exposure to the Lehman and AIG turmoil remain at a (thankfully) diminutive level. That said impact is still felt throughout but rest assured that reserve banks are taking neccessary precautions e.g. slashing interest rates, injecting funds into money markets etc.

Side note though: Ours hasn't taken any action, which implies that there are none to be taken in the first place. It is imperative that global sentiments stay positive in these times. Yes risk aversion would no doubt suggest a downward pressure for the market (flight to haven). But since BNM hasn't tinkered as aforementioned, the policy holders or general public shouldn't get flustered (those sgians big no-no).

Suffice to say that a smooth power transition, if any at all, should warrant more of the rakyat's attention.

Selamat Hari Raya!

p.s. Food prices to rise during festive season though.