Southeast Asia cannot be immunised against the terrorism virus. The large Muslim populations in the region are a natural host which extremist Islamic groups will exploit for concealment and political cover. Fortunately, the vast majority of Southeast Asian Muslims are peaceful and moderate in their beliefs.
We also believe that the approach of reporting all financial instruments at fair value in the primary set of financial instruments, while having some theoretical appeal at least for some types of firms, is not an appropriate solution in the near term. In this regard, fair value estimation techniques are not yet sufficiently robust for exclusive reliance in financial statements.