SEBI mulls 'concentration margin' in derivatives
March 30, 2018--Move aimed at strengthening risk management norms to minimise the threat of widespread default during excess volatility.
Traders with a very high or significant exposure to commodity and equity derivatives market may soon have to pay a higher margin compared with other traders as the Securities and Exchange Board of India (SEBI) is planning to create a structured framework for levying a 'concentration margin,' according to a person familiar with the development.
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Source: thehindu.com
IMF-IMF Staff Completes 2018 Article IV Mission to Thailand
March 29, 2018--Thailand's economic performance continues to be favorable, with growth rising to 3.9 percent in 2017 and exports taking advantage of the strong recovery of global trade.
However, growth has not been broad-based and the current account surplus remains large. To achieve a more balanced growth, the mission recommends an expansionary policy mix based on fiscal stimulus and monetary easing, with macroprudential policy preserving financial stability.
A comprehensive package of structural reforms will help strengthen key drivers of long-run growth.
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Source: IMF
SEBI Looks to Strengthen Low-Touch Trading Guidelines
March 28, 2018--One overseas regulator is carefully examining ways to make electronic trading easier and promote the use of algorithms in its trading markets. The goal-make the markets accessible to the masses.
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Source: tradersmagazine.com
World Bank-Infrastructure Gaps Vary across East Asia and the Pacific-and between Cities and Rural Areas
March 28, 2018--Lack of clean water facilities, roads in need of repairs, recurring power outages these are the realities of many developing countries, including in the East Asia and Pacific region.
The Status of Infrastructure Services in East Asia and Pacific, a report by the World Bank Group’s Infrastructure, PPPs, and Guarantees unit, or IPG Group, based at the Hub for Infrastructure and Urban Development in Singapore, shows in detail the infrastructure gaps that are critical for economic growth.
The findings reflect the composition of the region, a diverse mix of high-income and low-income economies with several large middle-income economies. Infrastructure access is also marked by fragmentation, with notable differences between low-income and high-income ASEAN countries, between ASEAN and the Pacific Islands countries, and between rural and urban areas.
view the World Bank The Status of Infrastructure Services in East Asia and Pacific report
Source: World Bank
Is China's Belt and Road working? A progress report from eight countries
March 28, 20-18--Beijing's infrastructure push clouded by project delays and mounting debt
The idea of transforming the ancient fishing village of Gwadar into a bustling port city has been around since at least 1954, when Pakistan commissioned the U.S. Geological Survey to examine its coastline.
Their conclusion: Gwadar, which sits on the Arabian Sea, would be an ideal location for a deep-water port.
Gwadar's potential went unrealized for decades, but it is now at the heart of a hugely ambitious plan known as the China-Pakistan Economic Corridor, or CPEC. China has pledged to spend $63 billion to bolster Pakistan's power plants, ports, airports, expressways and other infrastructure under the initiative, which Beijing positions as one of the pillars of its $1 trillion global Belt and Road Initiative championed by Chinese President Xi Jinping.
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Source: asia.nikkei.com
March 2018 Indonesia Economic Quarterly: Towards inclusive growth
March 27, 2018--Indonesia's economic growth picked up in the fourth quarter of 2017 to 5.2 percent year-on-year from 5.1 percent in the third quarter. Stronger growth was driven by higher domestic demand, especially investment.
For 2017 as a whole, GDP growth rose to 5.1 percent from 5.0 percent in 2016, the highest in four years. The stronger outturn was partly due to stronger investment and net exports, in line with the continued recovery in commodity prices, strong global growth and international trade flows.
view the World Bank March 2018 Indonesia Economic Quarterly: Towards inclusive growth
Source: World Bank
SET welcomes BMSCG ETF tracking mid and small-cap stocks with high CG scores
March 27, 2018--The Stock Exchange of Thailand (SET) is ready to list
BCAP Mid Small CG ETF (BMSCG), the exchange-traded fund (ETF), managed by
Bangkok Capital Asset Management Co., Ltd. (BCAP) on March 27. BMSCG aims to
invest in securities which are components of BCAP Mid Small CG Index TR.
SET Senior Executive Vice President Rinjai Chakornpipat said that BMSCG is
designed to serve investors who looking for mid and small-cap stocks with good
corporate governance (CG) practices, rather than SET50, by investing in BCAP Mid
Small Cap CG Index TR, a newly developed index calculated by S&P Opco, LLC (a
subsidiary of S&P Dow Jones Indices LLC) and with the copyright owned by
Bangkok Capital Asset Management Co., Ltd.
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Source: The Stock Exchange of Thailand (SET)
China's Economic Growth Stayed Strong In First Quarter, But Outlook Cloudy: Beige Book
March 27, 2018--China's economic activity remained strong in the first quarter, with hiring close to a record high, but the outlook is cloudy as two key growth engines- property and commodities-show signs of cooling, a private survey showed on Wednesday.
While first-quarter revenue looked strong, every sector except manufacturing saw profit growth weaken from late 2017, while investment and cash flow softened, according to the quarterly survey of thousands of Chinese firms by China Beige Book International (CBB).
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Source: kitco.com
Beijing has more weapons to use against US in a trade war, Chinese analysts say
March 24, 2018--Soybeans, tourism and Treasury bonds could all be options if Beijing wants to hurt Washington
On Thursday, the White House announced plans to introduce tariffs on US$60 billion worth of Chinese imports. The following day, Beijing hit back, saying it would levy 15 per cent tariffs on 120 types of US products, including fruit, wine and steel pipes, worth US$977 million,,and 25 per cent tariffs on a further eight other categories of goods, including pork and recycled aluminium, worth US$2 billion, if the tit-for-tat spat was not resolved.
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Source: South China Morning Post
Facebook to be removed from the BetaShares Global Sustainability Leaders ETF
March 23, 2018--The Responsible Investment Committee (RIC) of the
BetaShares Global Sustainability Leaders ETF (ASX: ETHI)
has today determined that Facebook will
be removed from the index that ETHI is designed to track, and accordingly will be removed from the ETF.
The RIC is responsible for determining the list of securities that pass the responsible investment screens outlined in the index methodology.
Facebook has historically qualified for inclusion in the Fund’s index on the basis of its strong global leadership on carbon emission metrics (which are nearly 80% better than its industry peers) as well as its responsible advertising and other policies.
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Source: betashares.com.au