WEF-Incredible India 2.0-India's $20 Billion Tourism Opportunity
October 6, 2017--Following the launch of the 2017 edition of the Travel and Tourism Competitiveness Report, where India was ranked one of the most improved nations; leaders from the Indian public and private sector decided to carry out an in-depth analysis of their travel and tourism industry.
The Incredible India 2.0 Report, which highlights the results of this initiative, addresses how India should enhance its value proposition and create an enabling environment for the country's travel and tourism industry.
view the World Economic Forum report-Incredible India 2.0 India's $20 Billion
Tourism Opportunity
Source: WEF (World Economic Forum)
SGX commodities head: China must stop meddling with prices
October 6, 2017--Singapore Exchange's Chin says internationalisation will necessitate new products and change pricing
In late September, the China Securities Regulatory Commission (CSRC)-the country's capital markets regulator-announced in the state-owned China Securities Journal that it planned to accelerate the opening of China's domestic futures markets for overseas players and integrate more with the international financial community.
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Source: Risk.net
Philippines' medium-term outlook remains positive: World Bank report
October 5, 2017--The latest economic update also cites increasing risks to growth and the need for strong policy commitment and consistency.
The Philippine economy is projected to continue its strong growth path in the next two years, riding on improved global demand for Philippine exports, robust domestic consumption, and expected higher government investments in infrastructure. In the long term, unlocking the potential of Mindanao is key to reducing poverty and achieving more inclusive growth in the country.
view the Philippines economic update : preserving consistency and policy commitment report
Source: World Bank
Better Global Prospects Yield Favorable Outlook for Developing East Asia Pacific
October 4, 2017--Projected growth of 6.4 percent provides more space to address longer-term challenges
Improved global growth prospects and continued strong domestic demand underpin a positive outlook for the developing economies of East Asia and the Pacific, says the latest World Bank report on the region.
Stronger growth in advanced economies, a moderate recovery in commodity prices, and a recovery in global trade growth, are the favorable external factors that will support the economies of developing East Asia and Pacific to expand by 6.4 percent for 2017.
view the World Bank East Asia and Pacific Economic Update, October 2017: Balancing Act
Source: World Bank
Indonesian Economy Remains Robust, Faster Growth Needs Continued Reforms
October 3, 2017--Partnership with private sector vital to closing infrastructure gap and boosting growth
A conducive external environment, sound fundamentals and progress on structural reforms are supporting the Indonesian economy.
The country's real GDP growth is projected to increase from 5.1 percent this year to 5.3 percent in 2018, according to the World Bank's October 2017 Indonesia Economic Quarterly.
Indonesia's real GDP growth remained steady at 5.0 percent year-on-year in the second quarter of 2017, unchanged from the first quarter.
view the October 2017 Indonesia Economic Quarterly: Closing the Gap report
Source: World Bank
Blackrock Japan selects FTSE Russell indexes for new ETFs
September 28, 2017--New US REIT ETF will track FTSE NAREIT Equity REIT
New US Treasury Bond ETF will track Citi fixed income index
Growing global demand for access to ETF products
c.$562 billion ETF AuM linked to FTSE Russell indexes globally
FTSE Russell, a global index, data and analytics provider, announces that Blackrock Japan has listed two new exchange traded funds (ETFs) on Tokyo Stock Exchange, tracking FTSE Russell indexes. The iShares US REIT ETF will track the FTSE NAREIT Equity REITs (TTM JPY) Index while the iShares Core 7-10 Year US Treasury Bond ETF will track the Citi US Treasury 7-10 Year Select Index.
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Source: ftserussell.com
WGC-A gold spot exchange for India: Delivering structural reforms
September 28, 2017--With an annual demand of approximately 800-900 tonnes, the size of the Indian gold market is second only to that of China. Despite its significant size and important global position, the Indian gold market is unable to realise its potential due to multiple challenges.
These challenges include lack of quality assurance, weak price transparency and fragmented liquidity and regulatory issues. There is a pressing need to reform the gold trading market in India, and a spot exchange, encompassing a broad ecosystem for efficient physical trading of gold, could play a significant role in reforming the gold market in India.
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Source: World Gold Council (WGC)
PBOC lowers renminbi trading band
September 28, 2017--The People's Bank of China set the renminbi's trading band at 6.6369 after its easing of controls on capital outflows allowed the currency to slip to a five-week low.
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Source: smartbrief.com
Daiwa Asset Management selects FTSE Blossom Japan index for ESG ETF
September 26, 2017--First ETF to be tracking FTSE Blossom Japan Index will list on Tokyo Stock Exchange
FTSE Blossom Japan Index is constructed using FTSE Russell's ESG Ratings data model
Growing trend among asset owners to integrate ESG considerations into passive investment strategies
c.$562 billion ETF AuM linked to FTSE Russell indexes globally
FTSE Russell announces the licencing of the FTSE Blossom Japan Index to Daiwa Asset Management. The Daiwa ETF FTSE Blossom Japan Index (ticker: 1654), listed on Tokyo Stock Exchange today and is part of a new range of ESG-focused exchange traded funds (ETFs). The ETF is also the first to be tracking the FTSE Blossom Japan Index, which was launched in July this year. Daiwa Asset Management is one of the largest providers of ETFs in Japan and currently has 35 ETFs with around JPY5.4 trillion in assets under management (as of 21 September).
< href="http://www.ftserussell.com/files/press-releases/daiwa-asset-management-selects-ftse-blossom-japan-index-esg-etf" TARGET="_blank">view more
Source: ftserussell.com
MarketAxess Approved as Recognised Market Operator By Monetary Authority of Singapore
September 25, 2017--MarketAxess Holdings Inc. (Nasdaq:MKTX), the operator of a leading global electronic trading platform for fixed-income securities, and the provider of market data and post-trade services, today announced approval by the Monetary Authority of Singapore (MAS) to operate as a Recognised Market Operator (RMO).
This approval marks a significant milestone for the continuing growth of MarketAxess in the region as Asian-based investor and dealer clients are rapidly adopting the efficiencies electronic trading solutions can bring to the market, with the number of active firms in Asia growing over 50% in the last 12 months.
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Source: MarketAxess