Asia > Banking / Investment

Banking / Investment in Asia

  • Is TPP 2.0 good to go?

    BRUNEI , 2017/11/04
  • RBI lowers economic growth projection to 6.7% in FY18

    INDIA, 2017/10/05 The Reserve Bank today lowered to 6.7 % the economic increase projection for 2017-18 from its August estimate of 7.3 % in view of issues with GST implementation and lower kharif output estimates. In its Fourth Bi-monthly Monetary Policy Statement, 2017 -18, RBI said the loss of momentum in initial quarter of the current fiscal and the initial advance estimates of kharif foodgrains production are early setbacks that impart a downside to the outlook on increase projections. The implementation of GST so far as well appears to have had an adverse impact, rendering prospects for the manufacturing sector uncertain in the short term, it said.
  • Sri Lanka Maintains Key Rates As Expected

    SRI LANKA, 2017/09/26 Sri Lanka's central bank decided to keep its key interest rates unchanged on Tuesday. The monetary board of the Central Bank of Sri Lanka maintained the standing deposit facility rate at 7.25 % and the standing lending facility rate at 8.75 %. Taking into account the developments and outlook in the domestic and international macroeconomic environment, the board said the current monetary policy stance is appropriate.
  • IMF and World Bank members must stop rise of economic non-order

    UNITED STATES, 2017/09/23 Next month, at the same time as finance ministers and central bank governors from additional than 180 nations gather in Washington DC for the annual meetings of the International Monetary Fund and the World Bank, they will confront a world economic order under increasing strain. Having failed to deliver the inclusive economic prosperity of which it is capable, that order is subject to growing doubts – and mounting challenges. Barring a course correction, the risks that today’s order will yield to a world economic non-order will only intensify.
  • Communist China’s becoming a key player in global capitalism

    CHINA, 2017/08/11 In October the International Monetary Fund included the yuan as a fifth world reserve investment ; last month Morgan Stanley Capital International (MSCI) added Chinese stocks to its benchmark index following the Stock Connect schemes between Hong Kong’s stock market and bourses in Shanghai and Shenzhen; and on Monday, the launch of Bond Connect will allow overseas investors to invest in the China interbank bond market. Presently, all of China’s major financial commodities – currency, stocks and bonds – can be included in an international investor’s portfolio as Beijing further opens up its financial markets.
  • The immigrant success story that led Spanish police to a Chinese banking behemoth

    CHINA, 2017/08/02 In Spain's Chinese community, Gao Ping was the ultimate immigrant success story. He was a young man at the same time as he arrived additional than two decades ago and took a job as a cook in a Chinese restaurant. By 1997 Gao had opened an import business and begun building a commercial empire that would make him the highest-profile Chinese in Spain. He became a patron of the arts and cultivated political ties in Spain and in his native Zhejiang Province. In 2007, Chinese media carried a picture of him with Spain's King Juan Carlos I. And in interviews he was quoted saying he wanted to become a bridge between the two cultures.
  • Myanmar steps up reforms to entice investors

    MYANMAR, 2017/07/31 A combination of market reform and a rebound in foreign investment is expected to underpin stronger increase in Myanmar’s economy this year and into 2018. The process of opening up the economy to private sector and overseas involvement took a key step forward in mid-June, with the Ministry of Commerce announcing further liberalisation of trade and import regulations. Under the new rules issued in mid-June, foreign companies are presently permitted to trade and import fertilisers, seeds, pesticides, hospital equipment and construction materials, in accordance with the Myanmar Harmonised System commodity code. Trade of these products was formerly limited to domestic firms, or those working in partnership with overseas companies.
  • Crimea: Circumventing Trade Sanctions Via Novorossiysk

    ARMENIA, 2017/07/08 Despite trade sanctions, Crimea is maintaining connections to international markets. Crimean traders are performing some logistical gymnastics to skirt sanctions, in particular transiting goods through the Russian port of Novorossiysk. On paper, of course, Crimea is experiencing a severe trade crisis. Official statistics indicate that Crimea’s import volume in 2016 shrank by a full third compared to the 2015 level, a drop of $33.6 million. Exports fell by $31.8 million, a 40-% decline from 2015. The city of Sevastopol, which is not formally part of the Republic of Crimea, reported a 12.6 % fall in its imports and 66.8 % fall in its exports in the same period, with volumes shrinking to $33.4 million and $5.9 million, respectively.
  • Does India get the credit it deserves?

    INDIA, 2017/07/02
  • Saving face on the Korean Peninsula

    CHINA, 2017/05/07 Kim Jong-un sees nuclear capability as almost his sole source of regime security and he is not going to give it up, no matter how strong the pressure. He is not stupid. All he has to do is to look at the history of Iraq and Libya, where neither dictator had nuclear weapons. So if the United States insists on de-nuclearisation of the peninsula, presumably that would require regime change, and regime change is unlikely without the use of force. War in the area would be hugely destabilising and potentially disastrous. No one in their right mind should want that. China is right to urge negotiations, but what is to be negotiated? Kim is not going to negotiate away his own security by giving up his nuclear capability. But if China exerts sufficient pressure, he may acknowledge to stop testing.