The Asian Development Bank (ADB) has approved a USD400mn loan for the Philippines this week, with the proceeds going towards supporting a range of policy initiatives including the development of domestic capital markets and infrastructure-linked debt.
26 May 2020
The Sri Lankan government has gone on the defensive to counter market speculation about whether unaffordable debt levels and a rapid erosion of its economic fundamentals in the wake of the COVID-19 pandemic will lead to a default.
21 May 2020
India’s Finance Minister Nirmala Sitharaman has announced part of a colossal INR20tn (USD265bn) stimulus programme aimed at reviving India's faltering economy, including measures aimed at supporting SMEs and the shadow banking sector.
13 May 2020
The Reserve Bank of India (RBI) is upping its borrowing requirements by more than 53% to INR12tn for the financial year, but it's unlikely to be enough to finance the government's ambitious stimulus programme.
12 May 2020
The government of India has secured a USD1.5bn loan from the Asian Development Bank (ADB) to help fund its response to the COVID-19 pandemic, which has weighed heavily on the country’s growth prospects.
29 Apr 2020
The Philippines raised USD2.35bn from the sale of dual-tranche bonds in a deal that generated more than USD9bn in demand.
28 Apr 2020
Franklin Templeton India has announced the closure of six of its mutual funds in India, believing it to be the “only viable option to preserve value for unitholders and to enable an orderly and equitable exit for all investors in these unprecedented circumstances” according to a press release.
28 Apr 2020
The Asian Development Bank has announced a USD1.5bn financing package to support the Philippines’ response to COVID-19. The budget support will help protect the Philippines’ population and the healthcare system.
27 Apr 2020
The Central Bank of Indonesia participated in domestic government long-term sukuk sales this week following a rule change that allows it to directly access the securities through primary auctions. The move enables Bank Indonesia to backstop domestic sukuk sales as the government seeks to raise additional funding to help tackle the COVID-19 pandemic.
24 Apr 2020
China’s economy contracted for the first time in nearly 40 years due a coronavirus-inflicted slowdown through the first quarter of this year, although green shoots have started to emerge in March.
21 Apr 2020
This week the Reserve Bank of India (RBI) announced a new set of policy measures to curb the impact of coronavirus on Indian markets. Suyash Choudhary, Portfolio Manager at IDFC Mutual Fund believes the policy measures announced “will serve to ease financial conditions at the margin.”
20 Apr 2020
Across ASEAN, 2019 was a big year for green bonds with issuance rising over 50% to reach a total of USD258bn, according to a report from HSBC and the Climate Bonds Initiative (CBI). But clear disparities remain between countries, with Singapore increasingly dominating the issuance pipeline.
17 Apr 2020
Developed markets are predicted to take the biggest hit as the spread of COVID19 and lockdowns designed to contain it continue to lead to downward revisions to growth, but emerging Asia remains a bright spot.
16 Apr 2020
Any concerns over the outlook for oil prices were seemingly cast aside this week as investors got their first chance in five years to buy bonds issued by Malaysian state-owned energy giant Petroliam Nasional (Petronas), which raised USD6bn in a triple-tranche offering that priced inside IPTs across the curve.
16 Apr 2020