Subpar Asian trade deal shines in splintered world 16 Nov 2020 Fifteen nations accounting for 30% of global GDP will slash tariffs and ease the movement of goods in the region. India’s absence is among the disappointments of the long-awaited pact. Even modest progress counts for a lot considering the sad state of U.S. and UK trade affairs.
The Exchange: The Asianisation of the world 17 Sep 2019 A splintering West and increasingly interconnected East is creating a newly powerful mega-region, according to Parag Khanna, author of “The Future is Asian.” He swung by the Breakingviews office in Hong Kong to break down the economic and geopolitical rationales behind his idea.
Beijing’s hard line bodes ill for trade peace 14 May 2019 Officials announced fresh duties on $60 bln of U.S. products in response to the White House’s hike last week. It’s a muscular display in the face of another potential round of American tariffs. If the two sides can’t find common ground at the June G20 summit, things look grim.
Casino mogul’s Cambodia cash hedges investors’ bet 7 May 2019 Boss Chen Lip Keong will use some $1.8 bln of his own money to fund half of NagaCorp’s new venture, Asia’s largest gambling resort. Competition is increasing, and both Cambodia and the industry depend heavily on China. It’s still a show of confidence that can cheer punters.
Cambodia’s casino king faces new poker hands 11 Mar 2019 Malaysian tycoon Chen Lip Keong is enjoying an extraordinary monopoly in Phnom Penh: his $6 billion flagship group, NagaCorp, grew net profit by more than 50 percent last year. But new rules and an influx of Chinese tourists will inspire upstarts to try their luck too.
Cambodia must solve two big problems for takeoff 23 Apr 2012 Cambodia’s stock exchange opening shows the country’s relatively friendly attitude to foreign investors and markets. But meeting the needs of a rapidly growing population and reducing corruption stand in the way of the rapid growth other Asian tigers have delivered.
Stock markets no must-have for frontier economies 18 Apr 2012 Impoverished Myanmar wants an exchange, while Cambodia’s first stock just started trading. But miniscule markets only hinder development in a world of borderless investing. Poor emerging economies are better tapping big bourses nearby to raise capital and invest their savings.
Myanmar still far from ready for investment rush 22 Mar 2012 New draft laws to let in foreign capitalists suggest it could follow Vietnam and Cambodia. But with the official exchange rate over 120 times the market rate, the economy is distorted and official data hard to take seriously. Ironing out the creases could take years.