In its annual flagship publication Asian Development Outlook, the Asian Development Bank said that Indonesia’s economy will continue to grow in 2017 and 2018, underpinned by improvements in private investment and exports as well as higher public infrastructure spending. The report projects Indonesia’s GDP growth to reach 5.1 per cent in 2017 and 5.2 per... View Article

In an interview with The Diplomat, Joachim von Amsberg, Vice President of the Asian Infrastructure Investment Bank (AIIB), discussed how the AIIB plans to boost regional prosperity through infrastructure investments and improving cross-border connectivity. China’s experience of infrastructure-driven economic development provides important lessons for developing countries in Asia. The private sector is crucial for infrastructure... View Article

In its latest Asian Development Outlook, published this month, the Asian Development Bank (ADB) said the group of emerging economies in Asia will be the main driver of global growth over the next two years. Asia-Pacific may ease slightly in 2017 and 2018 but the region will remain the single largest contributor to global expansion,... View Article

Xi Jinping meets Trump this weekend to talk, among other things, trade. But even though China has been at the forefront of Trump’s Twitter rampages on trade deficits, it’s not just the world’s second largest economy that is under fire by this US Administration. Last Friday the US President issued an executive order to investigate... View Article

Inbound FDI into China has fallen sharply, in new figures released by Swiss Investment Bank UBS today. The dramatic slide down 35 per cent on 2015, represents just 1.58 per cent of GDP in the year to September, off double digit highs recorded in previous years, reports the FT. The pull back on foreign investment... View Article

The feasibility of negotiating exit from the EU as well as rolling over existing EU Free Trade Agreements (FTAs) are among the most discussed topics regarding Brexit. Former Director-General of the World Trade Organization (WTO) Pascal Lamy recently said at Asia House that he expects the UK’s “full exit” from the EU to probably take... View Article

UK Chancellor Phillip Hammond met today with his Indian counterpart Finance Minister Arun Jaitley in Delhi, with the aim of securing finance deals for Brexit Britain. The meeting comes as a key bilateral deal on investment protection lapsed Friday, according to reports in the FT. Commentators highlight that the UK will face stumbling blocks to... View Article

by Paul Nicholson UK Chancellor Phillip Hammond and Bank of England Governor Mark Carney visit India next week to promote UK finance to Indian companies, reports Bloomberg. Speaking ahead of the trip to Delhi and Mumbai, Hammond said: “The UK is perfectly placed to be India’s financial partner of choice, helping it to raise the... View Article

UK Trade Secretary Dr Liam Fox flew out to Asia on Monday on a mission to strengthen UK trade with ASEAN nations in the wake of Brexit. Fox travelled to the Philippines yesterday for talks with President Duterte on a whilstle-stop tour that includes Malaysia, where he will speak to 600 business leaders, and Indonesia... View Article

China Rapid Finance, the peer-to-peer lender, filed for a $100 million IPO in New York Monday reports NYSE. Bookrunners for the IPO are Morgan Stanley, Credit Suisse, Jefferies International, according to the SEC filing announced on Reuters The Shanghai based enterprise, started by Zane Wang in 2001, is one of the largest non-bank lenders in... View Article