EMerging Equity
Thailand
George Magnus: Another Asia Crisis Is Not Inevitable — But Don’t Rule It Out
By George Magnus Financial instability in Asia and elsewhere has been attributed, partly, to China following the mishandling of a mini-devaluation of the yuan in early August and a failed attempt to prop up the flailing equity market. Yet the prevalent thinking now is that these developments reflect not only a structural slowdown in China’s economy … Continue reading
Mexico, Colombia Join The “Fragile Five”
Mexico and Colombia have now joined the “fragile five” grouping of emerging market (EM) economies, replacing India and Brazil, according to JPMorgan, the Financial Times (FT) reports. The two Latin American nations will now join Turkey, South Africa, and Indonesia to form the group of EM countries seen as the most overdependent on volatile foreign investment flows. In August 2013, as … Continue reading
Russia Overtakes U.S. And China In Manufacturing Competitiveness Amid Cheaper Oil, Ruble: BCG
Russia has overtaken the United States and China in terms of manufacturing competitiveness helped by a fall in oil prices and the country’s currency, according to a report by the Boston Consulting Group (BCG). The report from BCG evaluates the competitiveness of the world’s top 25 export economies, which account for nearly 90 percent of world exports … Continue reading
Thailand’s Political Unrest Poses Risk For Fragile Economic Recovery
By Karl Sorri On the face of things, the military junta in Thailand has restored some much-needed stability to the country after waves of violent protests in early 2014. However, there are many flashpoints that still pose significant political risk for the future. Since 2001, Thailand has been rocked by political upheavals between the Shinawatra … Continue reading
Thai Junta Shifts From Martial Law To Absolute Power
By Thitinan Pongsudhirak Thailand’s military-led government has invoked Article 44 of the interim constitution to replace martial law. The controversial article vests complete power and authority with Prime Minister General Prayut Chan-ocha in his capacity as head of the National Council for Peace and Order — Thailand’s junta that has governed through martial law for … Continue reading
One Year After Thai Coup, No End In Sight For Military Rule
By Steve Herman Friday marks one year since Thailand’s then army chief, Prayuth Chan-ocha, staged a bloodless coup — the latest in a long series of military removals of elected governments. Since carrying out the May 22, 2014 coup, the general has retired from the military but is still firmly in charge, with his appointment as … Continue reading
Russia, Indonesia May Switch To National Currencies In Bilateral Trade
Russia has proposed to Indonesia to use their national currencies for trade settlements, said Denis Manturov, Russia’s Minister of Industry and Trade, Russian media reports, just days after Russian Prime Minister Dmitry Medvedev made the same offer to Vietnam. “We [Russia] expect active support in the transition to the use of national currencies in our trade relations with [a number of countries] and Indonesia, too,” … Continue reading
ASEAN’s Geopolitical Arrangement Vis-à-Vis The Chinese Containment Coalition
By Andrew Korybko The regional grouping of Southeast Asian states has catapulted to the forefront of global economics, becoming one of the fastest growing blocs in the world. Its economies have stabilized after the 1997 Asian Financial Crisis, and have since then shown intense resilience by fully rebounding from the ‘Great Recession’ in 2010, much quicker … Continue reading
Emerging Asia Set For “Strong Growth” In 2015, 2016: ADB
Emerging Asia will maintain its strong economic growth in 2015 and 2016, supported by soft commodity prices and recovery in the major industrial economies, a new report from the Asian Development Bank (ADB) says. The ADB’s annual economic report, Asian Development Outlook 2015 (ADO), released on Tuesday, forecasts gross domestic product (GDP) growth in emerging … Continue reading
Growing Risks To Local Currency Bonds In Emerging East Asia, ADB Says
The Asian Development Bank (ADB) warned on Tuesday of growing risks to local currency bonds in emerging East Asia. In the ADB’s latest quarterly Asia Bond Monitor report it warns that widening credit spreads, a stronger U.S. dollar, Greece’s debt crisis, and falling oil prices are growing risks to local currency bonds in emerging East Asia. “While … Continue reading
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