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Web-only Exclusives
November 30, 2000

From Our Correspondent: Hirohito and the War
A conversation with biographer Herbert Bix

From Our Correspondent: A Rough Road Ahead
Bad news for the Philippines - and some others

From Our Correspondent: Making Enemies
Indonesia needs friends. So why is it picking fights?

Asiaweek Time Asia Now Asiaweek story


SANJOY CHOWDHURY, REGIONAL STRATEGIST at Fraser-AMMB Research in Singapore, thinks Southeast Asia's currencies have fallen too far. He calculated their value against the U.S. dollar by comparing the price of a McDonald's Big Mac hamburger in key Asian countries, a variation on the method used by Britain's The Economist magazine. Theoretically, a Big Mac anywhere on the planet should have the same amount and quality of beef, bun and lettuce leaves -- and should sell at the same level in dollar terms. Any variation from the U.S. price represents undervaluation or overvaluation. "Asian currencies have overshot downwards," concludes Chowdhury. "As things calm down, we will definitely see more appreciation." But that is not likely to happen in Hong Kong, which pegs its currency to the greenback.

This edition's table of contents | Asiaweek home



U.S. secretary of state says China should be 'tolerant'

Philippine government denies Estrada's claim to presidency

Faith, madness, magic mix at sacred Hindu festival

Land mine explosion kills 11 Sri Lankan soldiers

Japan claims StarLink found in U.S. corn sample

Thai party announces first coalition partner


COVER: President Joseph Estrada gives in to the chanting crowds on the streets of Manila and agrees to make room for his Vice President

THAILAND: Twin teenage warriors turn themselves in to Bangkok officials

CHINA: Despite official vilification, hip Chinese dig Lamaist culture

PHOTO ESSAY: Estrada Calls Snap Election

WEB-ONLY INTERVIEW: Jimmy Lai on feeling lucky -- and why he's committed to the island state


COVER: The DoCoMo generation - Japan's leading mobile phone company goes global

Bandwidth Boom: Racing to wire - how underseas cable systems may yet fall short

TAIWAN: Party intrigues add to Chen Shui-bian's woes

JAPAN: Japan's ruling party crushes a rebel at a cost

SINGAPORE: Singaporeans need to have more babies. But success breeds selfishness

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