Despite Economic Turmoil, Shell is Expanding in Asia

Recently Shell Malaysia has announced that it will be expanding its retail business to include additional 40 petrol pump stations in the year of 2009 despite the recent global turmoil. Some anylysts are confident that this is showing the good fundamentals for Malaysian economy. 

Asia has been hit by the economic slowdown with major share market in the region has been nosediving. However, most are confident that the turmoil are largely affecting the western economy and countries with good fundamentals will see a shake to its economy but nothing major that will cut demand growth significantly.