South Asia Should Remove Trade Barriers for Mutual Economic Gains: New World Bank Report
September 24, 2018--Deeper regional trade and connectivity has the potential to more than triple India's trade with its South Asian neighbors, says a new World Bank report.
A Glass Half Full: The Promise of Regional Trade in South Asia, estimates India's potential trade in goods with South Asia at $62 billion against its actual trade of $19 billion,which is a mere 3 percent of its global trade and about $43 billion below its potential.
All countries in the region stand to gain from increasing trade cooperation, the report says. For example, for India, deeper regional trade and connectivity can reduce the isolation of Northeast India, give Indian firms better access to markets in South Asia and East Asia, and allow it to substitute fossil fuels by cleaner hydropower from Nepal and Bhutan. I
view the World Bank report A Glass Half Full : The Promise of Regional Trade in South Asia
Source: World Bank
September 2018 Indonesia Economic Quarterly: Urbanization for All
September 20, 2018--
The current account deficit widened to a four-quarter rolling sum of 2.3 percent of GDP through the second quarter, the largest in three years. This was contributed by rising crude oil prices and continued growth in equipment investment, leading total nominal imports growing faster than exports, and a consequent narrowing of the goods trade surplus.
The Rupiah depreciated 4.8 percent against the U.S. dollar in the second quarter, with an additional 2.7 percent in July and August.
view the Indonesia Economic Quarterly-Urbanization for all
September 2018
Source: World Bank
The Digital Economy: Unlocking its Full Potential to Drive Malaysia's Development
September 12, 2018--In its journey towards achieving greater economic progress, Malaysia could take further steps to unlock the full potential of its digital economy says a new World Bank report launched here today. The report, 'Malaysia's Digital Economy: A New Driver of Development,' summarizes the work of a program managed by the World Bank Group Global Knowledge and Research Hub in Malaysia in collaboration with the Malaysian Ministry of Finance and other partners.
The report assesses available policy options to boost the impact of the digital economy on economic growth, job creation, innovation and public revenues.
view the World Bank Malaysia's Digital Economy-A NEW DRIVER OF DEVELOPMENT report
Source: World Bank
The story of Viet Nam's economic miracle
September 11, 2018--Walking around in Ha Noi, Viet Nam's capital, you can feel boundless energy everywhere. People whiz by on scooters, buy and sell everything from phones to food in the countless small shops, and run to and fro to get to school or work. Viet Nam is young, growing, and anything feels possible.
It wasn't always thus. A mere 30 years ago, the country was one of the poorest in the world. How did this southeast Asian nation grow to become a middle-income country?
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Source: World Economic Forum (WEF)
SGX reports market statistics for August 2018
September 10, 2018--August saw listing of Nikko AM SGD Investment Grade Corporate Bond ETF, first ETF to offer affordable access to basket of SGD-denominated corporate bonds
SGX USD/CNH Futures volume post m-o-m gain for fourth straight month
Securities
Total Securities market turnover value was at S$23.5 billion, down 4% month-on-month (m-o-m) and down 9% year-on-year (y-o-y), over 21 trading days. There were 22 trading days in July 2018 and 22 in August 2017.
Securities daily average value (SDAV) was S$1.12 billion, up 0.3% m-o-m and down 5% y-o-y.
Market turnover value of Exchange Traded Funds (ETFs) was S$379 million, up 103% m-o-m and up 72% y-o-y.
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Source: SGX
ASX Investment Products Monthly Update-August 2018
September 10, 2018--August 2018 saw strong growth in all Investment Product categories. Assets under Management in ETPs (up 3.7%), mFunds (up 5.7%), Listed Investment Entities (up 0.6%), A-REITs (up 1.9%) and Infrastructure Funds (up 3.0%) on a month on month basis.
Total Assets under Management of all Investment Products increased by 2.3% over the month of August 2018.
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Source: ASX
ASX Postpones Roll-Out of Blockchain Settlement System
September 4, 2018--The Australian Securities Exchange (ASX) has pushed back the launch of a blockchain replacement for the decades-old CHESS clearing and settlement system until the second quarter of 2021.
The ASX published a new report on Tuesday in response to public feedback on a consultation paper it published in April for the new system. The company expected at the time the new system would go live by the end of 2020.
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Source: coindesk.com
London stock trade connect taking shape
September 4, 2018--September 9, 2018--Program to further open up nation's capital market, attract more funds
The highly anticipated Shanghai-London Stock Connect Mechanism-a further step connecting the Chinese mainland and international capital markets-is taking shape as the central regulator started to solicit public opinion on detailed rules last Friday.
Chang Depeng, a spokesman for the China Securities Regulatory Commission, said on Friday that the regulator had started to seek opinions on rules regarding the issuance standards for Chinese Depository Receipts, related regulations for CDR applications, and regulatory arrangements for the issuance of Global Depository Receipts on foreign bourses by listed Chinese companies.
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Source: chinadaily.com.cn
Vanguard offers investors greater choice with suite of ethically conscious funds
August 30, 2018--Vanguard Australia has announced the launch of a range of Environmental Social and Governance (ESG) funds, providing greater choice for investors who wish to reflect their values in their investment holdings.
The Vanguard Ethically Conscious International Shares Index Fund and Vanguard Ethically Conscious Global Aggregate Bond Index Fund will offer investors access to broadly diversified international equities and international fixed income exposures that exclude fossil fuel reserves, alcohol, tobacco, gambling, weapons, nuclear power and adult entertainment. The new funds will also be offered as exchange traded funds (ETFs) from September 2018.
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Source: Vanguard
South Asia's Transport Corridors Can Become Engines of Growth
August 28, 2018--Transport corridors offer enormous potential to boost South Asia's economic growth, reduce poverty, and spur job creation, provided the new trade routes spread their benefits broadly and limit negative environmental impacts, says a new World Bank report.
The report The Web of Transport Corridors in South Asia--jointly produced with the Asian Development Bank, the United Kingdom's Department for International Development, and the Japan International Cooperation Agency-argues that the many transport corridors proposed across Asia would cost trillions of dollars to implement, far exceeding the financing resources available.
view the World Bank Report-The Web of Transport Corridors in South Asia
Source: World Bank
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