The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

The ASEAN tigers: back with a roar?

The efforts ASEAN countries have made in restructuring their economies since the 1997 crisis are paying off, as booming stock markets show. But continuing reform will be needed to keep investors interested.

Guide to Asean Securities

Sponsored by CIMB-Principal Asset Management Berhad

Since the Asian economic crisis of 1997, the ASEAN nations have been quietly recovering, restructuring and strengthening their economies. They aim to be resilient and well positioned to develop further as Asia becomes the next big growth engine.

The ASEAN markets started 2006 with a bang. On a year-to-date  basis, Malaysia’s Kuala Lumpur Composite Index (KLCI) gained 3.2% and Singapore’s Straits Times Index (STI) is up 4.3%. The performances of Thailand’s Stock Exchange of Thailand Index (SET) and Indonesia’s Jakarta Stock Exchange Composite Index (JCI) have been even better, gaining 5.7% and 11.7% respectively. Are the tigers back with a roar? We expect the overall economic picture to remain positive for ASEAN, although equity market performance could differ because of country-specific issues.

Global economic indicators appear to show that the ASEAN economies are set for stronger growth in 2006, boosted by the twin effects of continued global expansion and sustainable growth in domestic consumption. The firm up-trend in the OECD composite leading indicator since June 2005 is already reinforcing this positive view (see figure one).

      

Expectations of stronger growth in ASEAN will be a boost to regional currencies as concerns about slowing growth and rising inflation ebb.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree