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Economy in Southern Asia

  • Indian economic diplomacy in the Belt and Road era

    CHINA, 2017/07/10 In May 2017, India curtly and publicly declined to attend Chinese President Xi Jinping’s Belt and Road Forum (BRF) in Beijing. India’s snub was both uncharacteristic and controversial, although not unexpected. On 13 May 2017, a day before the BRF plenary, a spokesperson for the Indian Ministry of External Affairs (MEA) provided a formal explanation for India’s absence from the forum. From the statement it seems clear that there is a wide gap between the Belt and Road Initiative (BRI) as it was understood by a lot of participants at the BRF, and as interpreted by India’s MEA and much of India’s policy elite.

  • PremjiInvest writes to Snapdeal again for sale clarity

    INDIA, 2017/06/23 Personal investment arm of Azim Premji wants to know how rights of minority shareholders will be protected in the event of the sale being finalised PremjiInvest, the personal investment arm of Wipro chairman Azim Premji that owns a minor stake in online marketplace Snapdeal, is once again seeking better clarity on the terms at which the troubled company is being sold to market leader Flipkart, according to three people aware of the development. This is the second query, in as a lot of months, from the investment firm asking how the rights of minority shareholders will be protected in the event of the sale being finalised, the sources said, signalling further delay in the process, which is being steered by Japanese telecom and internet major SoftBank.

  • Maldives - Consumer Price Index - CPI

    MALDIVES, 2017/05/31 April of 2017 CPI went up in Maldives

  • Economic headwinds look set to revive African M&A

    EGYPT, 2017/05/07 Two-thousand and sixteen was relatively quiet for African banking markets on the merger and acquisition (M&A) front. In most of the continent’s larger economies, inclunding Nigeria and South Africa, major transaction announcements were absent despite the challenging economic conditions of recent times. Buy-ins to African banks from European and Middle Eastern players were as well low, according to data from Mergermarket. This contrasts sharply from 2015 at the same time as buyers from Norway, Kuwait and the UK all made significant acquisitions on the continent. These deals were complemented by several bold intra-regional transactions, inclunding Kenya’s Equity Group acquiring a stake in a microfinance provider in the Democratic Republic of the Congo and Morocco’s Banque Centrale Populaire buying a position in BIA Niger.

  • Economic headwinds look set to revive African M&A

    EGYPT, 2017/05/07 Two-thousand and sixteen was relatively quiet for African banking markets on the merger and acquisition (M&A) front. In most of the continent’s larger economies, inclunding Nigeria and South Africa, major transaction announcements were absent despite the challenging economic conditions of recent times. Buy-ins to African banks from European and Middle Eastern players were as well low, according to data from Mergermarket. This contrasts sharply from 2015 at the same time as buyers from Norway, Kuwait and the UK all made significant acquisitions on the continent. These deals were complemented by several bold intra-regional transactions, inclunding Kenya’s Equity Group acquiring a stake in a microfinance provider in the Democratic Republic of the Congo and Morocco’s Banque Centrale Populaire buying a position in BIA Niger.

  • The Asian Development Bank says the region will remain the biggest contributor to global growth in 2017.

    CHINA, 2017/04/10 Asia is set to remain the world’s biggest contributor to world increase in 2017, with activity picking up in two-thirds of the region’s developing economies, according to the Asian Development Bank (ADB). The increase outlook has reassured investors amid rising geopolitical tensions in the world’s most economically dynamic region. In its “Asian Development Outlook 2017,” the Philippines-based organization predicted gross domestic product (GDP) increase for Asia and the Pacific of 5.7 % this year and next, a slight drop from last year’s 5.8 %, despite stronger external request, improved commodity prices, and domestic reforms.

  • This Is How India Is Keeping Its Place as Asia’s Fastest-Growing Large Economy

    INDIA, 2016/09/29 The Manila-based development lender expects the Indian economy to grow by 7.4% in the year that ends next March, keeping its earlier forecast unchanged in an update to its regional outlook.

  • The South Asian nation leapt 16 places to number 39 out of the 138 countries rated

    INDIA, 2016/09/29

  • Sri Lanka moves to fast track economic reform

    SRI LANKA, 2016/07/18 Buoyed by a phased $1.5bn funding pledge from the IMF, Sri Lanka has its sights set on building economic momentum and improving investor sentiment in the coming months. Sri Lanka’s economy is expected to expand by 5% in 2016, the IMF said in a statement issued in June, outstripping increase levels recorded for the previous two years. However, the country is under pressure to keep its programme of fiscal reforms on track. “Sri Lanka’s medium-term increase prospects are generally favourable, given its strong base of human and physical capital and strategic position in a fast growing and dynamic region,” the IMF said. The IMF said increase would be underpinned by heightened construction activity and the continued expansion of the services industry, led by the tourism, transport and ICT sectors.

  • India’s Economic Generosity Can Transform South Asia

    INDIA, 2016/03/20 It is often suggested that the only way out of an over-zealous competitive world order that is attended by threatening rivalries and lack of trust is to embed the nations in a relationship of economic interdependence. Appearing to be the best bet in a world order that is connected by boundary-transcending technologies, but where national rivalries are still rife, fostering of economic cooperation between nations can help pacify if not eliminate suspicion and mistrust that have often triggered conflicts between and within nations. Attesting to the harms that unchecked rivalries have the potential of creating, India, which shares its territorial and maritime boundaries with almost all the other South Asian nations, it has realized that the dividends accruing out of economic cooperation can outweigh the ills of political animosity that pervades the region at different levels.
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