Asia Pacific Archives

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Economics, Policy & Regulation

Sri Lanka Lures Foreign Direct Investments

In what is considered a first step for even bigger foreign direct investment to Sri Lanka, TPG Capital announced in August it would invest $113 million to buy a majority stake in Union Bank, a small distressed financial institution based in Colombo.

Features

China’s Legal Reform Is Front and Center

Some discrepancy exists between the rules that are written and those that are enforced. This is true for most places in the world, and China is no exception.

Banking

BRIDGING THE CHASM

MARKET REPORT | ISLAMIC TRADE FINANCE Offering inventory financing to commodity traders brings much-needed liquidity to the Islamic trade finance market.

Banking

ELEVENTH-HOUR RESCUE FOR SHADOW-BANKING PRODUCT

MILESTONES | CHINA China Huarong Asset Management, a bad bank set up during the credit bust of the 1990s, has turned out to be the mystery investor that bailed out shadow-banking product Credit Equals Gold No. 1.

Capital Raising & Corporate Finance

INVESTMENT BANK HELPS REVERSE BRAIN DRAIN

TRENDS | SRI LANKA Hiran Embuldeniya, managing director at York Street Partners, an investment bank in Colombo, Sri Lanka, says there are plenty of opportunities for the firm to do business in the country as it rapidly develops in the wake of a 30-year civil war that ended in 2009.

Economics, Policy & Regulation

JAPAN AND INDIA OPTIMISTIC ABOUT FUTURE RELATIONSHIP

MILESTONES | JAPAN Japanese prime minister Shinz Abe greeted his Indian counterpart, Narendra Modi, in late August in the city of Kyoto, where the two leaders toured temples and posed for pictures before returning to Tokyo for four days of diplomatic talks.

Emerging & Frontier Markets

KHAN PUSHES FOR PM’S RESIGNATION

NEWSMAKERS | PAKISTAN After an eventful career as an international cricket star, Imran Khan Niazi embraced politics in Pakistan 17 years ago, an environment dominated by religious and fervent groups. Gaining prominence when his party, Pakistan Tehreek-e-Insaaf (PTI), captured 7.7 million votes in last May’s elections to become the third-largest faction in parliament...

Country Report

MOVING BEYOND THE COMFORT ZONE

COUNTRY REPORT | TURKEY: OVERVIEW Recent presidential elections saw political continuity and investor appetite maintained in Turkey, but high levels of indebtedness and political divisions cause some concern.

Capital Raising & Corporate Finance

TORONTO, VANCOUVER PARTNER TO FORM RENMINBI TRADING HUB

TRENDS | RENMINBI TRADING Even though Toronto is the center of Canada’s financial industry, much of the country’s trade with China passes through Vancouver. Groups in both cities have decided to work together to promote Canada as a trading hub for the renminbi.

Banking

TURKISH BANKS UNDER FIRE

COUNTRY REPORT | TURKEY: BANKING Turkey’s president is not a fan of them, and an increasing tide of regulation and a growing debt profile make for a difficult operating environment for Turkish banks.

Economics, Policy & Regulation

A CHANGING OF THE GUARD FOR INDONESIAN POLITICS

INDONESIA Self-made businessman and former governor of Jakarta, Joko Widodo won Indonesia’s presidential election in July, marking the first time a candidate without ties to the military or a powerful political family has won the position.

Banking

A MERE BLIP FOR REAL-TIME PAYMENTS IN CHINA?

TREASURY & CASH MANAGEMENT | REAL-TIME PAYMENTS A delay in the rollout of the China International Payments System looks to be only a temporary hiccup in the renminbi’s unfolding internationalization.