HP to remain in SE Asia

HP to remain in SE Asia

MANILA (AFP): U.S.-based Computer giant Hewlett-Packard will stick it out in Southeast Asia despite the financial turmoil hammering the region, a senior official said Thursday.

"We play for the long term. During this turbulent times, our strategies and tactics may change but our intent and vision remains the same," said Chea Kean Huat, regional sales managing director.

However, he admitted that "it's not business as usual" with business in Thailand and Indonesia being the most affected. He said business outlook in Malaysia was "50/50" but that Singapore was still a bright spot.

"The Philippines may be relatively less affected, but no country in Southeast Asia will be spared," he said.