Markets

Can Duterte’s “Build! Build! Build!” Boost The Philippines’ Economy?

Over the past decade, the Philippines has rapidly developed into one of the region’s economic powerhouses. Now regarded as one of the Tiger Cub economies in Southeast Asia, along with Indonesia, Malaysia, Thailand and Vietnam, the Philippines looks set to outpace its ASEAN neighbours in this respect. This is underscored by a World Bank Global Economic Prospects report released in January, where it ranked the Philippines as one of the fastest-growing economies regionally.

19 May 2018
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ASEAN can help India meet its growing energy demand

India’s rapid economic development is fuelling rising energy demand in the country. A recent report by financial holding company Nomura reveals that India’s gross domestic product (GDP) is expected to show a 7.7 percent growth in the first quarter of the year, exceeding projections stated in other similar reports.

16 May 2018
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Thailand introduces laws governing cryptocurrencies

A new set of laws governing cryptocurrencies has been introduced in Thailand. According to the government, the new laws aren’t intended as a blanket ban on cryptocurrencies but serve to regulate such digital assets and tokens while protecting investors from the uncertainties of the cryptocurrency market. This new piece of legislation will also come down hard on the illicit use of cryptocurrency, especially in money laundering, tax evasion and unauthorised transactions.

15 May 2018
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Markets that matter most to ASEAN's growth: Automotive

There are many sectors within ASEAN that have propelled the region to greater heights in terms of economic development and general prosperity. One of the sectors that Southeast Asia takes great pride in is its automotive industry, which has seen an increase in interest from investors, specifically from the Asian giant that is China.Based on a report by Frost & Sullivan, no ASEAN country is in the Top 10 for global automotive sales as of Q1 2018.

15 May 2018
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Mahathir, traders' one-time foe, gets a cautious market welcome

Mahathir, traders' one-time foe, gets a cautious market welcomeFor a leader who once suggested outlawing currency trading, newly (re)installed prime minister Dr Mahathir Mohamad got a decent welcome from financial markets on Monday.In retrospect, closing the onshore markets for two days after Wednesday’s election looks like a wise move.

15 May 2018
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Will the Belt and Road Initiative put the region in a debt trap?

In December last year, Sri Lanka formally handed over its strategic port of Hambantota to China on a 99-year lease after failing to pay its debt to Chinese firms. The port was first developed in 2008 with the financial backing of Chinese banks. However, it soon developed a reputation as a white elephant due to mounting losses.

14 May 2018
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Women in ASEAN's labour force

Mary Wollstonecraft’s A Vindication on the Rights of Woman and Simone de Beauvoir’s The Second Sex were ground-breaking texts that dealt with the perceptions and roles of women in a patriarchal world. Both books remain relevant today, as the struggle for gender parity is still very much an ongoing concern. In Southeast Asia, the lack of gender diversification in the workplace is still a visible problem in both, local and international companies throughout the region.

13 May 2018
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Mahathir's surprise return to test ringgit traders' resolve

The surprise comeback of Malaysian leader Tun Dr Mahathir Mohamad, who once imposed capital controls, is likely to halt a rally in Asia’s best-performing currency amid concerns pro-growth reforms will give way to populist campaign promises.The ringgit may initially slide to the psychological level of 4 to the US dollar, although the size of its decline will depend on the level of clarity about the new policies, according to Bank of Singapore.

11 May 2018
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ASEAN-Canada, an underrated relationship

The Association of Southeast Asian Nations (ASEAN) and the Great White North go way back – 41 years back to be exact.Last year, both ASEAN and Canada marked 40 years of dialogue relations and expressed confidence in a relationship that would hopefully continue to shape “a better, safer, and more prosperous world” for its peoples.Enduring benefits of ASEAN-Canada dialogueCanada first became an ASEAN dialogue partner in 1977.

10 May 2018
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Wall Street's quest for China supremacy takes a political turn

International politics are looming large over the race among global investment banks to secure coveted permits for taking majority stakes in Chinese securities joint ventures (JVs).Switzerland’s UBS Group AG and Nomura Holdings Inc. of Japan in the past week became the first to apply for permission to buy 51 percent stakes in local securities JVs.

10 May 2018
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ASEAN economic integration

While calling to mind a broken record, the constant extolling of the ASEAN economic framework by external parties is warranted. The establishment of the ASEAN Economic Community (AEC) in 2015 has opened up numerous business opportunities for the regional community with its vision of ASEAN as a single market and production hub characterised by the free flow of goods, services, and investments, as well as a more liberal movement of capital and skills.

9 May 2018
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Emerging market selloff has Indonesia in its sights

Indonesia’s market rout shows no signs of abating, with its two-year bonds the latest to be dumped in anticipation that the central bank may need to raise rates to defend its currency.The yield on the two-year debt soared 34 basis points to a 10-month high of 6.73 percent as the currency weakened past the psychological 14,000 level on Monday.

9 May 2018
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