Happy New Year 2012. Hope new year will bring more prosperity and good health to all of us.
The world enters new year with uncertainty in the global economy. The Euro Zone crisis persists despite various measures undertaken to cool off the heat. The US economy continues to slow down albeit some indications of recovery toward 2011 year end. Asia is also feeling the heat from both regions, though world economic growth in 2012 is expected to be very much compensated by the yet steady growth in Asia, in particular China, India and ASEAN member economies.