HSBC Infrastructure Report: Asia Will Boom
China, India, Malaysia & Vietnam All Big Users, U.S. Manufacturers Big Winners Oct. 11 – According to the recently released HSBC Global Connections Trade Report, emerging markets are expected to be the cause of a surge in infrastructure trade. The report analyzed 23 countries and anticipates infrastructure-related trade to increase by an average of 9 […]
Despite Slowing Growth, Asia Remains a “Global Growth Leader”
Oct. 11 – Growth in the Pacific and East Asia is expected to average 7.1 percent in 2013, a small decline from last year’s growth rate of 7.5 percent, according to a report released this week by the World Bank. Despite this decline, however, the region remains the “global growth leader” and will account for […]
APEC – From Bali to Beijing
Op-Ed Commentary: Chris Devonshire-Ellis Oct. 11 – Now that the annual APEC CEO Summit has finished in Bali, it will reconvene in Beijing in November 2014. It’ll be an interesting one as Chinese President Xi Jinping will want to cement his newfound status as the architect and potential banker for Asian infrastructure development – meaning […]
Malaysia to Allow Gold Futures Trading on Stock Exchange
Oct. 10 – This week, for the first time ever, Malaysia has started to allow the trading of gold futures on Bursa Malaysia – the country’s stock exchange. The Bursa currently has 19 registered futures trading brokers. For some time now, there has been a large gold business within Malaysia, with the country exporting over RM7.1 […]
Xi Jinping: China Cannot Develop Without Asia-Pacific
The big players at APEC this year all made comments during their keynote sessions at APEC, including China’s Xi Jinping, confirming that emerging Asian economies in particular are set to benefit from China’s evolution to a consumer market.
APEC Leaders Agree on Multilateral Trade Improvements
Unanimous support across a variety of sectors – education, travel and security all areas set to grow Op-Ed Commentary: Chris Devonshire-Ellis Oct. 10 – Despite the lack of U.S. President Barack Obama’s attendance, APEC ministers still got a lot done. Obama’s presence was missed, not just because the United States is still the largest trade […]
Trans-Pacific Partnership Agreement By Year End?
TPP could be slimmed down to get it off the ground Op-Ed Commentary: Chris Devonshire-Ellis BALI, Oct. 9 – The Trans-Pacific Partnership Agreement – touted by Washington as a trade pact that excludes China but includes the United States, Japan, Canada, Mexico, Australia, New Zealand, Peru, Chile, Malaysia, Brunei, Singapore and Vietnam – has also […]
APEC Growth to Be over 6 Percent, Similar to China
Entire APEC region is on upward trajectory and assisting Chinese economic development Op-Ed Commentary: Chris Devonshire-Ellis BALI, Oct. 9 – The IMF has stated that growth in APEC nations this year would be about 6.3 percent, and expand slightly to 6.6 percent in 2014. That’s roughly in line with the growth in China, which analysts […]
Which Way is the Asian Wind Blowing?
Tremendous opportunities exist, but the rise of China may create tensions Op-Ed Commentary: Chris Devonshire-Ellis BALI, Oct. 7 – An interesting session was held this morning at the APEC CEO Summit with Kishore Mahbubani, an ex-Singaporean Ambassador to the United Nations, and considered one of the “Great Global Thinkers” by Foreign Policy Magazine. In a […]
The APEC Maritime Elephant – Dealing with the Spratlys
A central issue bubbling beneath the surface at this year’s APEC summit in Bali, similar to the no-show by U.S. President Obama, is the sovereignty question over the Spratly Islands and its impact on the broader region.