Yahoo! Philippines News - Latest Philippines News & International News Headlines: In a time of corporate gloom, Southeast Asian companies bring some light

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In a time of corporate gloom, Southeast Asian companies bring some light Oct 25th 2012, 00:16 * China, Taiwan, Australian companies see dismal earnings * Analysts upbeat on Indonesia, Philippines,Thailand-StarMine * Private consumption, government spending drive growth SINGAPORE, Oct 25 (Reuters) - Southeast Asia is becoming onebright spot in a world of gloomy corporate earnings, with strongprofit growth powered by a population of 600 million peopleincreasingly willing, and able, to spend in their fast growingeconomies. Southeast Asian companies are expected to report on averagea 16.2 percent increase in quarterly profit from a year ago,Morgan Stanley said in a report this month. ...

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