Reform Priorities in Asia: Taking Corporate Governance to a Higher Level Taking Corporate Governance to a Higher Level reform priorities in Asia 2011 REFORM PRIORITIES IN ASIA: TAKING CORPORATE GOVERNANCE TO A HIGHER LEVEL 2011 This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. This document and any m...

year-high level of 785.38 points on May 9. After that, however, rising oil prices and interest rates hikes caused the global stock market to decline; the SET Index plunged by more than 100 points within

of these risk factors, growth in private consumption is expected to soften in 2005. Indeed, the consumer confidence index has continued to decline since the second half of 2004. However, the driving

government bonds widened to 107 bps. compared with 98 bps. at the end of June 2007. However, in December, the yield curve adjusted downward again as market expected a decline in bond supply in the first half