Asiamoney Issue Three 2018

On the cover

Mr Vietnam picks the best of the frontier markets

Mr Vietnam picks the best of the frontier markets

After falling in love with Vietnam during a holiday in 1994, Markus Winkler made it his life’s work to get its capital markets up and running. Over the years, Vietnam’s investment guardian angel has helped to channel more than $1 billion into local funds and firms.

Thailand: Can Bangkok Bank rise to the challenge?

It should be a sure winner, with a large international presence, a strong domestic franchise and customer loyalty second to none, so why has Bangkok Bank lost out to its nimble local and foreign competitors, and what can CEO Chartsiri Sophonpanich do to put it right?

Editor's letter

Can the unthinkable become reality in Malaysia?

Can the unthinkable become reality in Malaysia?

Since May, when the country had its 'Berlin Wall moment' – putting an end to its virtual one-party state – economic and political signs have been positive… but inevitably there are looming flashpoints.

Review

Private equity blossoms in Vietnam

With its strong growth and rising levels of income and urbanization, the country is attracting plenty of PE. The challenge, both in the private sector and in those SOEs the government is selling, is to find deals that fly.

Surveys and awards

Asiamoney Best Securities Houses Awards 2018: Results index

Emerging markets have experienced bouts of extreme volatility this year, prompted as much by rising rates in the US as by any domestic problems. That has made things harder for securities houses in Asia but has also provided opportunities. Asiamoney takes a look at the stand-out firms across the region.

China

New Silk Road: Realizing China's dream

The country is famously extending its reach across the Eurasian continent, building infrastructure and more for the benefit of itself and the countries the Silk Road passes through.

Malaysia

Thailand

Thailand bets on infrastructure

Thailand’s generals are pushing a 20-year infrastructure plan that aims to transform the country into a high value economy and logistics hub for Asean. The cornerstone project is the Eastern Economic Corridor. Will it succeed?

Vietnam

Vietnam deals with its problem banks

The country is still recovering from – and reacting to – the banking crisis of 2012. Over the last six years, the central bank has done much to put the sector back on its feet. But are the banks good enough, or should they be doing more?

Philippines

Philippines’ capital markets inch forward

This southeast Asian economy is growing, but its capital markets are not. The government aims to change that by tweaking the rules on Reits and by finding a novel way to nix a muddled merger and get the debt markets working properly.

Indonesia

Singapore

Interview

Sri Lanka debate: Reform-driven Sri Lanka puts trade on the agenda

Sri Lanka debate: Reform-driven Sri Lanka puts trade on the agenda

Sri Lanka’s focus on reforming and liberalizing its economy is bearing fruit, with the country signing new free trade agreements and posting record exports and growth figures. The government is keen to sell down state assets and position the island at the heart of Indian Ocean maritime trade.

Southeast Asia

Belt and Road: China's gaze shifts to southeast Asia

Belt and Road: China's gaze shifts to southeast Asia

Overlooked during the early years of the Belt and Road Initiative, the region is now central to the entire project. China is shifting its attention south, and it likes what it sees in the Asean zone: lending opportunities, ambitious consumers and fast-growing states and cities.

Asia Pacific

South Asia

China strengthens its grip on south Asia

China strengthens its grip on south Asia

Pakistan has long been as enamoured of the BRI as India is suspicious. But BRI-related projects are now springing up in the likes of Bangladesh and Nepal, suggesting that whatever New Delhi’s reservations, the Beijing-led scheme is here to stay