Asia Economist and CEO, Centennial Asia Advisors

Manu Bhaskaran

Asia Economist and CEO

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

<ul>
<li>Malaysia's state investment fund, 1MDB, defaulted on a USD1.75 billion bond which triggered defaults on its two Islamic bonds.</li>
<li>International Petroleum Investment Company (IPIC), the Abu Dhabi state fund, also announced that 1MDB has a delayed interest payment of USD30mn in bonds, essentially putting 1MDB and the Ministry of Finance, its sole shareholder, at risk of default.</li>
<li>More allegations have surfaced in the media claiming malfeasance on the part of Malaysian leaders. The latest is that the…</li>
</ul>


Malaysia's state investment fund, 1MDB, defaulted on a USD1.75 billion bond which triggered defaults on its two Islamic bonds.
International Petroleum Investment Company (IPIC), the Abu Dhabi state fund, also announced that 1MDB has a delayed interest payment of USD30mn in bonds, essentially putting 1MDB and the Ministry of Finance, its sole shareholder, at risk of default.
More allegations have surfaced in the media claiming malfeasance on the part of Malaysian leaders. The latest is that the…


Malaysia's 1MDB Takes a Turn for the Worse

<p><strong>Japanese Yen: The weakening has only just started </strong></p><ul><li>
<strong>Both domestic and external demand weakening:</strong> Tertiary industry activity fell 0.1% m/m sa in February after +0.7% gain in January. The Nikkei-Markit Manufacturing PMI fell to a new low in April, with production and new orders falling sharply. Exports contracted 6.8% y/y in Mar 16, down from a 4.0% y/y decline in Feb 16. The even more precipitous import decline of 14.9% showed the dismal state of domestic demand. The earthquake in southern Japan is…</li></ul>

Japanese Yen: The weakening has only just started 
Both domestic and external demand weakening: Tertiary industry activity fell 0.1% m/m sa in February after +0.7% gain in January. The Nikkei-Markit Manufacturing PMI fell to a new low in April, with production and new orders falling sharply. Exports contracted 6.8% y/y in Mar 16, down from a 4.0% y/y decline in Feb 16. The even more precipitous import decline of 14.9% showed the dismal state of domestic demand. The earthquake in southern Japan is…

Weaker Yen Bad News for Asian Currencies; Brexit Risks Fall

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Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

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Technical Analysis

Amp Capital China Growth Fd / Technical Analysis

<p><strong>Chartonics webcast </strong>Tuesday 15 March 2016</p><p><strong>FX trade pivots</strong></p><div>To view click on this link:</div><div><strong>http://www.screencast.com/t/AGRGcQTTeH</strong></div><p>8:14 min.</p><div>We go through action point in our Asian FX universe</div><p>KRW - Next low is a place to lock in USD short gains and look to reverse near 1,177-75.</p><div>SGD - More bullish USD signals unfolding which aligns with a top in Singapore equities. We like the USD below 1.37.</div><p>MYR - Short from 4.10 and looking to add on a momentum push higher or slip to 4.05.</p><div>IDR - Expensive to short but is…</div>

Chartonics webcast Tuesday 15 March 2016FX trade pivotsTo view click on this link:http://www.screencast.com/t/AGRGcQTTeH8:14 min.We go through action point in our Asian FX universeKRW - Next low is a place to lock in USD short gains and look to reverse near 1,177-75.SGD - More bullish USD signals unfolding which aligns with a top in Singapore equities. We like the USD below 1.37.MYR - Short from 4.10 and looking to add on a momentum push higher or slip to 4.05.IDR - Expensive to short but is…

<ul>
<li>The campaign by former Prime Minister Mahathir against incumbent Prime Minister, Najib Razak appears to be faltering, as splits emerged within the unlikely coalition he cobbled together. The administration moved swiftly to remove Mahathir as advisor to the national oil company, Petronas, signaling to key UMNO grassroots leaders that there would be a high cost to pay for not being loyal to the leadership.</li>
<li>However, the Bloomberg report that the American authorities had subpoenaed Tim Leissner…</li>
</ul>


The campaign by former Prime Minister Mahathir against incumbent Prime Minister, Najib Razak appears to be faltering, as splits emerged within the unlikely coalition he cobbled together. The administration moved swiftly to remove Mahathir as advisor to the national oil company, Petronas, signaling to key UMNO grassroots leaders that there would be a high cost to pay for not being loyal to the leadership.
However, the Bloomberg report that the American authorities had subpoenaed Tim Leissner…


<ul><li>Continuing his campaign against Prime Minister Najib Razak, ex-Prime Minister Mahathir quit the ruling UMNO party which he had headed for 22 years to organise a group of UMNO dissidents, non-governmental organisations and opposition parties (including allies of his long-time foe, Anwar Ibrahim) in order to oust Najib.</li></ul><p><strong>Assessment: Najib will fight tooth and nail, likely to survive</strong></p><ul><li>Najib and his allies dominate UMNO and the Barisan Nasional coalition it leads which has a solid majority in…</li></ul>

Continuing his campaign against Prime Minister Najib Razak, ex-Prime Minister Mahathir quit the ruling UMNO party which he had headed for 22 years to organise a group of UMNO dissidents, non-governmental organisations and opposition parties (including allies of his long-time foe, Anwar Ibrahim) in order to oust Najib.Assessment: Najib will fight tooth and nail, likely to surviveNajib and his allies dominate UMNO and the Barisan Nasional coalition it leads which has a solid majority in…

United States

iShares MSCI Malaysia ETF is an exchange-traded fund incorporated in the USA. The ETF's objective seeks to provide investment results that correspond to the performance of the Malaysian market, as measured by the MSCI  Malaysia Index. The ETF invests in a representative sample of index stocks using a  "portfolio sampling" technique.

iShares MSCI Malaysia ETF (EWM US)

Malaysia's 1MDB Takes a Turn for the Worse

Malaysia's state investment fund, 1MDB, defaulted on a USD1.75 billion bond which triggered defaults on its two Islamic bonds. International...

Manu Bhaskaran

Weaker Yen Bad News for Asian Currencies; Brexit Risks Fall

Japanese Yen: The weakening has only just started Both domestic and external demand weakening: Tertiary industry activity fell 0.1% m/m sa in...

Manu Bhaskaran

FX Trade Pivots

Chartonics webcast Tuesday 15 March 2016FX trade pivotsTo view click on this link:http://www.screencast.com/t/AGRGcQTTeH8:14 min.We go through...

Thomas Schroeder

Malaysia: More Pressure on Najib

The campaign by former Prime Minister Mahathir against incumbent Prime Minister, Najib Razak appears to be faltering, as splits emerged within the...

Manu Bhaskaran

Malaysia: Mahathir Quits UMNO

Continuing his campaign against Prime Minister Najib Razak, ex-Prime Minister Mahathir quit the ruling UMNO party which he had headed for 22 years...

Manu Bhaskaran