How structural growth and stable funding anchor Indian and Indonesian financiers' resilience

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In: Asia, Finance, South-East Asia

India’ s domestically-driven economy and Indonesia’ h commodity-led exports should provide some strength despite a more difficult operating environment characterised by higher global inflation, rising rates of interest and liquidity tightening. Elaine Koh, senior director for Asia-Pacific non-bank financial institutions from Fitch Ratings talks about the prospects meant for India and Indonesia’ s finance and leasing sector in the current economic environment.Continue Reading

Markets hear BOJ roar but China has little to fear

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In: Asia
Bank of Japan Governor Haruhiko Kuroda is listening closely and watching the financial markets and the yen's strength. Photo: AFP/The Yomiuri Shimbun

The Bank of Japan shook world markets on Tuesday in a monetary move that at the least reminded everyone the entity still exists. It’s been a long, long while since Governor Haruhiko Kuroda logged into global markets. Seeing that the green light next to his avatar had switched on was enough to send the yen […]Continue Reading

China’s pestered private sector given new lease on life

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In: Asia

As China reopens the world’s No 2 economy, the biggest winner could be a beleaguered private sector that’s had a rough few years under President Xi Jinping. Since 2019, the Chinese leader has been carrying out an assertive crackdown on financial risk in the property market. In 2020, the Communist Party stomped on internet platform companies to remind tech founders who’s boss. And, of course, Xi’s “zero-Covid” lockdowns have driven economic growth to 30-year lows, causing many foreign investors to pivot elsewhere. Now, Xi’s team suggests a variety of business-friendly policies will take the lead in efforts to boost both gross domestic product (GDP) and investor confidence. This renewed focus on supporting the private sector emerged from a two-day Central Economic Work Conference that concluded on December 16.

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How organized crime plays key role in Ukrainian conflict

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In: Asia

On November 1, the deputy director of Finland’s National Bureau of Investigation played down remarks made on October 30 by an agency official who warned of Western weapons bound for Ukraine being smuggled into Finland, Sweden, Denmark and the Netherlands. Nonetheless, the affair generated significant attention and reflected previous concerns expressed by European authorities over Ukraine’s vulnerability to organized […]Continue Reading

Why US really blacklisted China’s YMTC

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In: Asia, Business

The US Commerce Department’s Bureau of Industry and Security (BIS) last week moved Chinese NAND flash memory maker Yangtze Memory Technologies Co (YMTC) from its “Unverified List” to its “Entity List”, the Biden administration’s latest punitive move against a major Chinese technology company.   In the words of the BIS, those who qualify for the […]Continue Reading