China’s $1.3 Billion Peru Gamble Redraws Global TradeChina’s $1.3 Billion Peru Gamble Redraws Global Trade | Global Finance Magazine Dec 04 24December 04, 2024Article at Global Finance Magazine
China’s BYD Races Ahead With New Plants In Emerging MarketsBYD, the Chinese manufacturer of batteries and electric vehicles, is rapidly becoming the dominant force in the global EV space, despite the US and Europe railing against its disruptive effect on their domestic markets. In the last month, the… Jul 25 24July 25, 2024Article at Global Finance Magazine
The Philippines: New Samurai Bond Issue’s Political BackdropThe Philippines is looking to Japan to partially finance its ballooning debt as Manila moves to strengthen ties between the two countries. The Department of Finance (DoF) says it is exploring issuing yen-denominated, or samurai bonds alongside or in… Jul 25 24July 25, 2024Article at Global Finance Magazine
Singapore: Ushering In A New Prime MinisterVeteran technocrat Lawrence Wong will become Singapore’s fourth prime minister on May 15, as Lee Hsien Loong steps down after two decades steering Southeast Asia’s most advanced economy. Wong, currently deputy prime minister and finance minister,… May 02 24May 02, 2024Article at Global Finance Magazine
What the Marcos-Duterte feud means for the Philippines, US and ChinaA week in politics used to be considered a long time. In the Philippines, much has happened over just one weekend, with all the condensed melodrama of one of the country’s hugely popular telenovelas. The gloves are off between President Ferdinand… Feb 03 24February 03, 2024Article at South China Morning Post
Standard Chartered’s Tokenization PushSC Ventures, the fintech and venture capital arm of Standard Chartered Bank, has launched an institutional-grade tokenization platform, as the UK bank joins the race to tokenize traditional areas of finance. The nascent startup, named Libeara,… Dec 05 23December 05, 2023Article at Global Finance Magazine
Country Garden’s LapseWhen embattled property developer Country Garden missed a coupon payment on a $500 million bond maturing in September 2025, it reignited fears over the solvency of China’s heavily indebted property sector. Country Garden was due to make a $15.4… Nov 03 23November 03, 2023Article at Global Finance Magazine
China Challenges The US In Semiconductor RaceSince the Biden administration rolled out a package of sanctions, Beijing’s access to the semiconductor market has been substantially crimped. China is reportedly launching a new state-backed investment fund to ring-fence its semiconductor sector… Sep 21 23September 21, 2023Article at Global Finance Magazine
Singapore: New President Elected In A LandslideSingapore voters elected former deputy prime minister and finance minister Tharman Shanmugaratnam 66, as president in a landslide victory. Singapore voters elected former deputy prime minister and finance minister Tharman Shanmugaratnam 66, as… Sep 21 23September 21, 2023Article at Global Finance Magazine
The Philippines' New Sovereign Fund Gets A Cool ReceptionConcerns about corruption and mismanagement hamper the Philippines' sovereign wealth fund launch. Philippine President Ferdinand Marcos Jr. signed into law the country’s first sovereign wealth fund (SWF) in July, in a bid to kickstart investment in a… Aug 31 23August 31, 2023Article at Global Finance Magazine
On both the South China Sea and drug war probe, Philippines should stick to right side of international lawThe Ferdinand Marcos Jnr administration wants to hold fast to the rule of law on the South China Sea but ignore probes into the country’s war on drugsCherry-picking compliance with international law damages the country’s reputation and undermines its… Jul 25 23July 25, 2023Article at South China Morning Post
The Philippines: New Central Bank Governor To Be Tested EarlyEli Remolona’s appointment has been broadly welcomed by analysts who point to his significant international experience. The new governor of the Central Bank of the Philippines (Bangko Sentral ng Pilipinas, or BSP) is likely to be tested early on, as… Jul 20 23July 20, 2023Article at Global Finance Magazine
Singapore: Long-Serving Central Bank Chief Steps DownVeteran central banker Ravi Menon is set to step down as managing director of the Monetary Authority of Singapore. Amid a difficult period in which Singapore struggles with high inflation and teetering growth, veteran central banker Ravi Menon is… May 02 23May 02, 2023Article at Global Finance Magazine
ICC’s reopened probe into Rodrigo Duterte’s drug war puts Ferdinand Marcos Jnr and Philippines in a tight spotCurrent proceedings, it said, do not amount to tangible, concrete and progressive investigative steps in a way that would sufficiently mirror the court’s investigation. That looks to be the right decision. National police chief Rodolfo Azurin Jnr is… Feb 08 23February 08, 2023Article at South China Morning Post
ADB: China Can Probably Stand On Its OwnIn a sign of China's rising strength, the Asian Development Bank announced it may stop lending to the world's second largest economy. The Asian Development Bank, the Manila-headquartered multilateral lender, may end loans to China in a move being… Sep 01 22September 01, 2022Article at Global Finance Magazine
Sri Lanka: Creditors Face Heavy Losses From Debt CrisisPresident Gotabaya Rajapaksa has come under fire for his handling of the crisis. Sri Lanka is on the brink of default after failing to make a coupon or interest payment on two international bonds that came due on April 18. The government has a 30-day… May 09 22May 09, 2022Article at Global Finance Magazine
‘I knew the future was ecommerce’: Great Deals CEO on topping FT rankingSteve Sy, founder and chief executive of Great Deals E-Commerce Corp, is a successful entrepreneur, but his resilience was tested early on in his career. In the early 2000s, at the age of 27, Sy had accumulated around $640,000 in debt — the result of… Apr 07 22April 07, 2022Article at Financial Times
The Philippines Eases Tough Foreign Investment LawsForeign companies will soon be able to own 100% of companies in most economic sectors. The Philippines is set to ease some of Southeast Asia’s most prohibitive investment laws as the country struggles to exit the Covid-19 pandemic. In February, the… Mar 02 22March 02, 2022Article at Global Finance Magazine
Citi Speeds Asia ExitCiti is selling its consumer businesses in Asia and EMEA to local and regional competitors. Global banking giant Citigroup agreed to sell its consumer banking businesses in four Southeast Asian markets to Singapore-headquartered Union Overseas Bank… Jan 30 22January 30, 2022Article at Global Finance Magazine
The International Criminal Court is coming for Rodrigo DuterteMark Townsend is a journalist covering Southeast Asia and the Middle East. He previously reported from the Philippines for the Financial Times. Let's face it, Philippine President Rodrigo Duterte is facing considerable legal trouble and his days as a… Dec 01 21December 01, 2021Article at Nikkei Asia
