Archive | February, 2009

Short-term gain could equal long-term pain

In the depths of the Asian financial crisis an American industry executive said, “I don’t know why Korea has a petrochemical industry. It should be just shut down.”

There were also widespread complaints over “soft” government-directed loans that supported Asian …

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I don’t want to gloat but I told you so….

It looks like olefins and aromatics prices are on the retreat in Asia as I predicted earlier this month.

I only feel slightly smug because it seems obvious that naphtha was a big driver – and that markets were being …

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Go to the bottom of the class and stay there

A recent briefing by The Economist Intelligence Unit warned that because of the mess the West has made of the world economy, managers in Asia might face unrealistic targets.

Does this sound familiar? All answers will be treated in the …

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How to make money in a downturn Part 1

Herein begins an occasional series where I offer advice on how to make a little cash.

By the way, is it me or do I get the sense that a lot companies haven’t woken up to the severity of the …

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It’s tough at the top…….

It’s easy to take pot shots at the boss, and everyone of course feels they have been underpromoted and could do the job better themselves. Andrew Liveris is just the latest in a long line of CEOs to experience both …

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