Asiamoney Issue Three 2017

Asiamoney Issue Three 2017

Making sense of Belt and Road – What it means for banks

China’s Belt and Road Initiative is so vast and ambitious it can be difficult to understand how it will all work in practice – what makes a BRI undertaking, how will they be funded, will they be trophy projects or on commercial terms, how are they originated? – so Euromoney spoke to 16 institutions all looking at BRI from their own different perspectives.

Review

Purisima sets out his vision for the V20 and the Philippines

Cesar Purisima was secretary of finance of the Philippines when Typhoon Haiyan devastated much of the country. It was a lesson he hadn’t forgotten when he became the founding chair of the V20, a vehicle for the world’s most climate-vulnerable nations to speak collectively.

Surveys and awards

New Silk Road Finance Awards 2017: Results index

New Silk Road Finance Awards 2017: Results index

Through the internationalization of the renminbi, capital markets activity, mergers and acquisitions and the funding of some remarkable projects, the Belt and Road Initiative (BRI) has taken root in financial markets. These are the banks leading the way.

Asiamoney Best Securities Houses Awards 2017: Results index

As domestic markets grow, and corporates and investors take a more regional approach to their business, the role of securities houses in Southeast Asia becomes ever more important. It’s also an increasingly competitive industry. Here are Asiamoney’s picks for the best securities houses in 10 countries in the region.

Asiamoney Corporate Client Choice Awards 2017

We asked corporate treasury officials across Asia to rank their banking partners for quality of execution capabilities and quality of relationship in six key business areas: capital markets, cash management, credit, rates, foreign exchange and trade finance, creating a total of 12 categories in each country covered. The rankings published here are overall results based on the banks with the highest number of first-placed rankings in each country; in the event of a tie, the number of second-placed rankings determines the winner, then the number of third-place rankings, and so on. We received more than 1,500 votes from Asian corporates during the survey period.

Philippines

Can Duterte's finance chiefs make him the great reformer?

Can Duterte's finance chiefs make him the great reformer?

The world sees Rodrigo Duterte as a hothead populist, waging a bloody drugs war against insurgents, but to most of his compatriots, he’s the reformer the country needs. His aims, including shaking up taxes to pay for infrastructure and targeting an energy revolution, are bold. His choices for the crucial finance ministry and central bank roles look sound. But will they succeed?

The Philippines: The two sides of Nestor Espenilla

Nestor Espenilla was a surprise choice as governor of the Philippines central bank – but probably the right one. Tough on financial rule breakers and devoted to financial inclusion, he gives the impression of being good in a crisis.

Thailand

Thailand: MUFJ mixes well with Ayudhya

Thailand: MUFJ mixes well with Ayudhya

Bank of Tokyo-Mitsubishi surprised many when it bought Thailand’s Bank of Ayudhya in 2013. Defying the critics, the Japanese lender’s gamble has bagged it a consumer-finance powerhouse, while Krungsri benefits from BTM’s institutional strength and client roster.

Thailand's last chance to build a future

Thailand’s infrastructure is in dire need of an overhaul. The ruling military junta hopes to solve that problem with a host of big-ticket projects – some PPPs, others funded by China. But that is just the start of the problem for a financially and demographically stressed country likely to grow old before it gets rich.

Vietnam

High times in Hanoi and Ho Chi Minh City

High times in Hanoi and Ho Chi Minh City

Growth is strong, the banks have shed the worst of their bad loans and even the IPO market is enjoying a gala year. Are the good times here to stay or could Vietnam be brought down to earth again soon?

Viet Capital blazes a trail

While foreign investment banks await Vietnam’s promotion to full MSCI emerging-market status, local investment bank Viet Capital Securities is wasting no time, setting records in its home market with some of the biggest share sales in years.

Indonesia

Indonesia: Why everybody loves Pak Tiko

Indonesia: Why everybody loves Pak Tiko

Over a 20-year career, the still youthful Kartika Wirjoatmodjo has built a reputation as Indonesia’s financial Mr Fixit. Now, the popular banker has a new challenge – to build Bank Mandiri into a domestic leader with aspirations across southeast Asia. Is it his biggest challenge yet?

Malaysia

Malaysia: 1MDB casts a long shadow

Malaysia: 1MDB casts a long shadow

This is the third year of the drama: as the government desperately tries to untangle its controversial fund before elections are called, Malaysians are asking who’s really paying to clean up the mess.

Malaysia's Sultan seeks to create a new Shenzhen

The Sultan of Johor stresses he needs to earn a living just like his fellow countrymen. His investments, often alongside those of billionaire Vincent Tan, span telecoms, supermarket chains and property. But will the ambitious developments he’s backed in his home state prove a royal flush or a real estate bust?

Singapore

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