Evergrande: Crisis-hit Chinese property giant offers debt restructuring plan
2023-03-23
It will only account for less than 10% of China’s former top-selling developer’s $300bn debt.Continue Reading
Equity holders bear losses before holders of AT1 bonds: MAS
2023-03-22
Under the takeover deal of Credit Suisse by UBS, holders of additional tier 1 one (AT1) bonds absorbed losses ahead of equity investors, a move many said went against convention.Continue Reading
In praise of supply-side economics
2023-03-17
On both sides of the Pacific, in China and the US, the destructive combination of recession and inflation is evolving in a classic way, to include bank failures and the popping sound of property, asset and financial instrument bubbles as they disappear in a foam of bankruptcy, negative equity and failure. If there is a […]Continue Reading
Ex-PM Muhyiddin’s legal woes implicate corporate Malaysia
2023-03-17
Malaysia has no clear law policing private companies making financial contributions to political parties. Bersatu leaders, including Muhyiddin, have accused the government of mounting a political vendetta against the opposition in a bid to undermine the party ahead of crucial polls in six states sometime in June or July. ButContinue Reading
US bank cracks weakening global financial system
2023-03-17
US regulators’ swift reaction to the collapse of Silicon Valley Bank and two other lenders partially restored calm to markets, but concerns remain over the stability of the global financial system. The government is racing to orchestrate a US$30 billion rescue of First Republic Bank by the nation’s largest financial institutions after the California lender’s […]Continue Reading
Cyberview pushes for womenâs equity in tech this IWD 2023Â
2023-03-15
Women in Malaysia make up 28.2% of top 100 public listed boards
Women in boardrooms brings about diversity and richness in thinking Global tech hub developer Cyberview continues its push for the tech sector to embrace equity, in line with this year’s International Women’s Day theme, by hosting a panel of women…Continue Reading
The US banking crisis isn’t over yet – far from it
2023-03-15
Silicon Valley Bank and Signature Bank failed with enormous speed – so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time. The failures at SVB and Signature were two of the three biggest in US banking history, following […]Continue Reading
Rebuilding the US chip industry a costly process
2023-03-15
Manufacturing has been a declining activity in the US for decades. As a result, the country has become largely dependent on foreign sources for many critical technology products that underlie industrial and military systems. Semiconductors (chips) are among these key products. During this period of decline, US domestic production of semiconductors has dropped to less than 10% […]Continue Reading
US bank fears hit Asia stocks
2023-03-14
The Thai stock exchange fell more than 3%, almost 50 points, yesterday in tandem with most Asian stock markets due to fears of contagion effects from the collapse of US banks.Continue Reading
As China and Russia unite, look to India
2023-03-14
Rapprochement between Russia and China has dramatically accelerated since the former suspended its participation in the New START treaty. Chinese senior diplomat Wang Yi met with Russian President Vladimir Putin to affirm the flourishing relations between the two countries and their mutual desire to see a multipolar international order. The Communist Party of China’s new […]Continue Reading