In SVB collapse, Asia sees 1997 all over again

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In: Asia, Finance
A mournful Thai holds a Thai baht note. Photo: NurPhoto via AFP Forum/Anusak Laowilas

To understand the Silicon Valley Bank (SVB) collapse spooking markets, look no further than events in Jakarta. The Indonesian rupiah’s 3.2% drop since February 1 demonstrates how quickly Asia has resigned itself to the fact that the US Federal Reserve isn’t done tightening. Another batch of too-strong-for-Fed-comfort US employment figures in February only increased the […]Continue Reading

Taiwan says missing soldier found in China

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In: Asia

TAIPEI: A Taiwanese soldier serving on an islet close to the Chinese coast who went missing last week has been found in China, a senior Taiwan minister said on Monday (Mar 13), an incident that has happened amid heightened tensions. Taiwan’s defence ministry said on Thursday that the soldier hadContinue Reading

How China can multilateralize the Belt and Road

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In: Asia

At the end of 2022, 150 countries and 32 international organizations had signed more than 200 cooperation documents related to joint infrastructure projects with China under the Belt and Road Initiative (BRI). The 2022 report to the 20th National Congress of the Communist Party of China noted that China should promote opening up to the […]Continue Reading

Ukraine investment safer bet than Silicon Valley

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In: Asia

Investing in Ukrainian private companies, especially in existing dynamic small-to-medium-sized enterprises (SMEs), is becoming a safer bet than chasing venture-capital startups and the next unicorn à la notorious serial VC investor Marc Andreessen after the collapse of Santa Clara, California–based Silicon Valley Bank (SVB). While shareholders and bondholders of the $200-billion-plus bank financing high-risk venture-capital […]Continue Reading