Short-term risks include general risk aversion toward emerging markets, faster-than-expected hikes in US interest rates, and escalating global trade tensions. Tightening liquidity conditions exacerbate the risk from the region’s rapid growth of private debt in recent years. Depreciation of regional currencies and capital outflows pose further risks to the region’s financial stability.“Concerns about emerging markets are looming, but ultimately Asia’s strong fundamentals should attract investors back to the region’s local currency bond markets,” said ADB Chief Economist Mr. Yasuyuki Sawada. “That said, the region’s policymakers must closely monitor developments and keep up their guard against potential shocks.”The report shows emerging East Asia’s bond market expanded 4.3% in the third quarter versus the second quarter to stand at USD12.8 trillion at the end of September. The growth rate was faster than the 3.2% pace seen in … [Read more...] about Emerging East Asia bonds can weather short-term risks
Events
3rd Vietbuild expo to open in Ha Noi
The press conference for Vietbuild 2018 which will be held on November 23. — VNS Photo Vu Hoa Up to 450 enterprises will showcase their products at more than 1,600 pavilions at the third Vietbuild international exhibition in Ha Noi from November 23 to November 27, following the success of the two previous events. Nguyen Tran Nam, head of the Vietbuild organising board and chairman of the Viet Nam National Real Estate Association, told a press conference held in Ha Noi on Monday that the five-day exhibition will see the participation of 273 domestic enterprises, 108 joint venture enterprises and 60 foreign enterprises from 22 countries and territories around the world. The exhibitors will introduce a range of new products in the areas of construction, building, real estate and interior and exterior design. Exhibitors participating in the event will have booths of between 36 and 160sq.m. Products on show will include modern technologies such as smart home systems and lighting … [Read more...] about 3rd Vietbuild expo to open in Ha Noi
ADB welcomes PHP1 billion bond under ASEAN+3 Multi-Currency Bond…
“We hope that this pilot bond will pave the way for similar bond issues going forward,” said ADB Chief Economist Mr. Yasuyuki Sawada. “Vibrant local currency bond markets provide valuable alternative sources of funding for companies while borrowing in local rather than foreign currencies strengthens the overall stability of the domestic financial sector.”The AEON Philippines’ bond, offered in two tranches will mature in 2021 and 2023, respectively. AEON Philippines, a financing firm, is part of the AEON Group of Companies through Japan-based bank holding company AEON Financial Service Co., Ltd. The company will use the proceeds to provide tricycle loans and personal loans, as well as financial services for the purchase of consumer products such as home appliances, furniture, electronics, and other consumer products, focusing particularly on the unbanked population and those with limited access to financial services.“We welcome the first … [Read more...] about ADB welcomes PHP1 billion bond under ASEAN+3 Multi-Currency Bond…
Bình Dương to host Horasis 2018 meeting with Asia’s top leaders
More than 400 of the foremost leaders from across Asia and 500 local Government officials as well as top executives from Viet Nam’s largest businesses are expected to attend the Horasis Asia Meeting 2018 in Binh Duong Province next week. Convened by Horasis: The Global Visions Community, the meeting will be held in the high-tech development zone of Binh Duong New City from November 25-27. Tran Thanh Liem, chairman of the provincial People’s Committee, said that Binh Duong, which is co-hosting the meeting with Becamex IDC Corp, and local agencies were working together to ensure that the event would be organised successfully. “Preparation has been on schedule, including preparation for the content of the programme, as well as accommodations and logistics for delegates,” he said. Information about the event has been widely disseminated in mass media. The forum is expected to help the province promote its potential with international partners, improve its management … [Read more...] about Bình Dương to host Horasis 2018 meeting with Asia’s top leaders
Sprout ginseng festival to take place in Ha Noi from November 16-30
InterContinental Hanoi Landmark72 will introduce sprout ginseng to Vietnamese diners with a variety of dishes and activities from November 16-30. — VNS Photo InterContinental Hanoi Landmark72 will introduce sprout ginseng to Vietnamese diners with a variety of dishes and activities from November 16-30. Sprout ginseng is popular in Korea as an ingredient for healthy food and beverages. It is cultivated using a hydroponic method which makes it more controllable than the normal ginseng. Normal ginseng takes five or six years to reach maturity, while sprout ginseng needs only two to four months to be harvested. Saponin is the core value of ginseng which has several benefits, and the concentration in the leaves of sprout ginseng is high, which is one of the reasons it is used in daily meals. During the event, 3Spoons restaurant will present a limited edition of Bun Cha with Sprout Ginseng, bringing an exotic flavour to a popular dish. Meanwhile, the Teppanyaki micro restaurant will … [Read more...] about Sprout ginseng festival to take place in Ha Noi from November 16-30