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China and India, or worse, a recession if hike persist .
ii) The political tensions lurking between and within countries, e.g. Beijing & Taiwan standoff and Bangkok's election demonstrations. Such tensions generally dampen the investment climate.
iii) The possibility of another avian influenza outbreak.
1.2 Telecommunication Industry Outlook
The telecommunication industry in both developed and emerging markets is growing as mobile phones have become a fashion statement beyond their basic functions. Despite the phone market approaching saturation in developed markets such as Singapore (See Appendix A) and Australia, consumer demand is still expected to develop strongly over the years boosting...
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