You have the right to remain bullish
The Indonesian rupiah leads the way in South-east Asia. Investors need to take note, as its rapid appreciation has still further to go. High yield is the driving force. Yet it is not only the rupiah that should prove attractive, as significant opportunities also exist in the Singapore dollar. Consequently, South-east Asia is now attracting the attention it deserves.
Despite the outbreak of SARS in the region the rupiah kept appreciating, in line with our forecasts. It will continue to do so for
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