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Sharjah has long identified the transport industry as being a potentially major component of its development, as well as being a foundation stone for growth in the broader economy.
The new head of Nigeria's Central Bank announced his presence by calling for a probe into the health of the country's banking system. An Economic and Financial Crimes Commission investigation initiated by the Central Bank governer, Lamido Sanusi, identified five banks with non-performing loans totalling N1.14trn ($7.4bn). A transparency push of this magnitude, unprecedented for Africa, is a sign that that the new governor takes banking reform seriously, and it could lead to comprehensive sector restructuring.
Like many sectors of the Malaysian economy, the country's transport industry has experienced a decline in activity due to the global recession. Though there are some signs that Malaysia's transporters are again moving in the right direction, other signals suggest a full recovery is still some time off.
A new wave of protests threatening Thailand's political stability is also at risk of undermining the country's economy, with the possibility that the ripples could erode the gains made by key sectors.
Brunei Darussalam’s crucial energy sector, the foundation of the country’s wealth, is expected to get a series of boosts, with major developments both upstream and downstream.
Though the hurricane season is in its full swing, it is a storm of another kind that many Bahamians are bracing themselves for, with the deepening recession blowing a chill wind across the country's economy.

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