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Asia Pacific

Regulatory Shifts May Help Boost Islamic Banking in the Philippines

New guidelines released by The Bangko Sentral ng Pilipinas (BSP) could pave the way for new sukuk issuance in one of ASEAN’s fastest growing economies.

22 Jan 2020

Asia Pacific Bips & Pieces Islamic Finance

China Showing Signs of Economic Recovery is Positive for Emerging Markets

Real GDP growth in China is starting to show signs of stabilisation, with the latest print showing output stayed steady at 6% in 4Q2019 and a raft of other indicators surprising on the upside.

22 Jan 2020

Islamic Finance to Grow at Slow Rate in 2020 – S&P Global

The Islamic finance industry is set to grow at a rate of around 5% in 2020, due to weak conditions in economic conditions in the industry’s core markets, according to S&P Global’s ‘Islamic Finance Outlook 2020’. The report also notes three drivers - the rise of FinTech, ESG sukuk, and standardisation - could fuel the industry.

15 Jan 2020

Sri Lanka: Credit Under Pressure as Fiscal Consolidation Weakens

S&P revised its outlook on Sri Lanka to negative (B) following a similar move from Fitch in December, raising concerns about expansionary fiscal measures put in place by the authorities under recently elected President Gotabaya Rajapaksa.

14 Jan 2020

China’s Economy to Grow Above 6% in 2020 – Standard Chartered

China’s economy is forecast to grow at a rate of 6.1% in 2020, according to Standard Chartered – 0.2% higher than the average market prediction of 5.9%.

9 Jan 2020

Multinationals to Shift Supply Chains out of China in 2020 – MUFG

As the global multinational corporate supply chains shift under duress of ongoing Washington-Beijing trade war, production lines will increasingly move out of China in 2020, which will a “big, necessary, but inherently difficult process,” the international bank explained in a 2020 outlook report.

8 Jan 2020

Severity of 2019 Slowdown in India 'Exceeded All Expectations"– IDFC Mutual Fund

Following a year of falling growth for India, Suyash Choudhary, Head of Fixed Income at IDFC Mutual Fund, reflects on some of the economy’s challenges.

7 Jan 2020

Indonesia: Wide Current Account, Infrastructure Spending Limiting Easing Room in 2020 – HSBC

A wide current account deficit heading into next year is likely to limit the amount of easing Indonesia’s Central Bank will be capable of delivering, according to economists at HSBC, signalling a need for further reform in the Asian country.

17 Dec 2019

Webinar: An Asian investor's outlook for Turkish and GCC credit in Q4 and beyond

We caught up with Todd Schubert, Managing Director, Head of Fixed Income Research, Bank of Singapore in advance of the Issuers & Investors Forum in Singapore to get his views on how Asian investors view Turkish and GCC credit.

10 Dec 2019

ASEAN: The Long Road Towards A Cross-Border Funding Market

Since its formation in 1967, ASEAN has followed a path of gentle integration. But despite the bloc’s avowed intention to pursue financial integration, outlined in the ASEAN Banking Integration Framework (ABIF), the industry remains fragmented across the region and riddled with regulatory obstacles.

14 Nov 2019

IDFC Asset Management: NBFC Defaults Are Cyclical, Not Structural Issue

Late last year, India’s markets were rocked by a number of high-profile defaults in its non-banking financial institutions (NBFCs) sector. Since then, Narendra Modi’s thumping election victory, weakening domestic consumption and the government’s potential Eurobond debut have added to the noise, painting a puzzling picture of India’s underlying economic potential. Bonds & Loans speaks with Suyash…

18 Sep 2019

Modi’s Growth Plans Could be Hamstrung by Stagnating State Banks

Reinvigorated by his recent re-election, President Narendra Modi has vowed to set India on the path towards growth after the country’s weakest GDP print in nearly five years. Aggressive rate cuts, fiscal loosening, and a potential Eurobond issuance may help spark growth, but serious concerns about stagnant public-sector banks weigh heavily on the outlook.

12 Sep 2019

Is East Africa Changing Its Attitude Towards Chinese Investment?

The recent cancellation of high-profile Chinese infrastructure projects in Tanzania and Kenya does not indicate a shift in attitude towards investment from China, writes Robert Besseling, executive director of EXX Africa.

20 Aug 2019

GCC Corporates Benefit from Asian Long Money

As rates continue to fall in many parts of Asia, investors have increasingly turned to emerging markets in their hunt for yield. But given their generally cautious and conservative approach to investment, many have favoured so-called ‘safe emerging markets’. Now, as growth begins to soften in China, a growing number are turning their attention to the GCC’s corporate credit market to find secure,…

9 Aug 2019

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