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>India is surging in global competitiveness, gaining 16 positions in the rankings - the largest gain of any country ever. Backed by expanding government reforms and inherent long-term advantages, India’s capacity for upside growth surprise is strengthening.</li><li>ASEAN countries will be the main winners from China’s stagnating competitiveness due to structural issues and rising costs. Despite small falls in ASEAN’s rankings, Indonesia, the Philippines and Vietnam have shown longer-term gains in competitiveness which reflect their rising growth potential.</li></ul>

India is surging in global competitiveness, gaining 16 positions in the rankings - the largest gain of any country ever. Backed by expanding government reforms and inherent long-term advantages, India’s capacity for upside growth surprise is strengthening.ASEAN countries will be the main winners from China’s stagnating competitiveness due to structural issues and rising costs. Despite small falls in ASEAN’s rankings, Indonesia, the Philippines and Vietnam have shown longer-term gains in competitiveness which reflect their rising growth potential.

Global Competitiveness Index 2016: Winners and Losers in Asia

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

There was a historical event in the Korea bond market this week. The South Korean government sold a 50-year treasury bond (worth 1.1 trillion won or US$987 million) with a 1.574% yield on October 10th, the first-ever for the Korean government for a 50-year Treasury bond. The premium Korea's first 50-year bonds is four basis points higher than the 1.534% for the benchmark 10-year Treasurys. There will not be any further sale of 50-year Korea Treasury bonds this year but the government is…

There was a historical event in the Korea bond market this week. The South Korean government sold a 50-year treasury bond (worth 1.1 trillion won or US$987 million) with a 1.574% yield on October 10th, the first-ever for the Korean government for a 50-year Treasury bond. The premium Korea's first 50-year bonds is four basis points higher than the 1.534% for the benchmark 10-year Treasurys. There will not be any further sale of 50-year Korea Treasury bonds this year but the government is…

Historic Event for the Korea Bond Market: Sale of 50-Year Korea Treasury Bond with 1.574% Yield

Economist, Centennial Asia Advisors

Jason Tan

Economist

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<li>
Reduced deflation fears: Inflation rose to 1.2% y/y in Sep 16 from 0.4% in August, the highest inflation since February. Core inflation was 1.3% y/y in Sep 16, up from 1.1% in Aug 16.</li>
<li>
Exports drag growth down, falling 5.9% y/y in Sep 16, from 2.6% in Aug 16. Declining imports (down 2.0%) reflected continuing weakness in domestic demand.</li>
<li>
Rising indebtedness weighs on investment and consumption: Non-performing loans in major enterprises reached KRW19.72tr in Jan–Jun 16, up by KRW1.37tr from…</li>
</ul>



Reduced deflation fears: Inflation rose to 1.2% y/y in Sep 16 from 0.4% in August, the highest inflation since February. Core inflation was 1.3% y/y in Sep 16, up from 1.1% in Aug 16.

Exports drag growth down, falling 5.9% y/y in Sep 16, from 2.6% in Aug 16. Declining imports (down 2.0%) reflected continuing weakness in domestic demand.

Rising indebtedness weighs on investment and consumption: Non-performing loans in major enterprises reached KRW19.72tr in Jan–Jun 16, up by KRW1.37tr from…


South Korea: Policy Efforts to Sustain Tepid Economic Momentum

Saenuri Party (of National Assembly in Korea) is proposing a 60 days short selling regulation. If it does get passed by the National Assembly, it could negatively impact institutional investors' ability to short sell stocks in Korea. There is a lack of such regulation found in other developed financial markets, which could make it difficult to pass such regulation. A decision on this regulation is expected to be announced by end of October. How does this newly proposed regulation work? Although…

Saenuri Party (of National Assembly in Korea) is proposing a 60 days short selling regulation. If it does get passed by the National Assembly, it could negatively impact institutional investors' ability to short sell stocks in Korea. There is a lack of such regulation found in other developed financial markets, which could make it difficult to pass such regulation. A decision on this regulation is expected to be announced by end of October. How does this newly proposed regulation work? Although…

The Saenuri Party Is Proposing a 60 Days Short Selling Regulation

EM PM, Ecstrat

Emad Mostaque

EM PM

Ecstrat

Ecstrat is a consultancy advising on asset allocation between global equity markets, with a focus on the intersection of governments, geopolitics, governance and markets.
 
Over the past few years and more especially since the Great Financial Crisis (GFC), investors have become more focused on short-term market movements and real-time returns and have consequently neglected the analysis of the underlying structural themes that underpin longer term performance.
​
More specifically we believe that the evolution of governance-based relationships between investors, controlling shareholders, labour and the state is one of the primary determinants of both relative and absolute performance between individual equity markets.
 
We will endeavour to provide investors with some of the context surrounding governance-related issues which encompass many different disciplines including history, economics and political science, as well as the financial metrics which are the most obvious manifestation of the structural characteristics of each market.
 
We will pay particular attention to the shifts and potential inflection points for governance in individual markets as these are often the best lead indicators for both economic and market performance.

Senate and Congress have overridden President Obama's veto on the Justice Against Sponsors of Terrorism (JASTA) legislation, designed to allow families of victims of terror attacks on US soil to sue any member of foreign governments (specifically the Saudi government) for support of these acts.The stripping of sovereign immunity will have profound implications for global geopolitics and the increasingly strained relationship of Gulf states and their traditional Western allies, particularly at a time when the USA is pivoting away from the Middle East towards the perceived increasing threat in Asia.

Senate and Congress have overridden President Obama's veto on the Justice Against Sponsors of Terrorism (JASTA) legislation, designed to allow families of victims of terror attacks on US soil to sue any member of foreign governments (specifically the Saudi government) for support of these acts.The stripping of sovereign immunity will have profound implications for global geopolitics and the increasingly strained relationship of Gulf states and their traditional Western allies, particularly at a time when the USA is pivoting away from the Middle East towards the perceived increasing threat in Asia.

South Korea

Samsung KODEX Securities ETF is an Exchange Traded Fund established in South Korea. The Fund's objective is to provide investment return that tracks the KRX Securities Index. The Fund invests 60% or more in equities, with a portfolio of KRX Securities Index holdings with low risk and high 
liquidity based on the Sampling Method.

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Samsung Kodex Securities ETF (102970 KS)

Global Competitiveness Index 2016: Winners and Losers in Asia

India is surging in global competitiveness, gaining 16 positions in the rankings - the largest gain of any country ever. Backed by expanding...

Manu Bhaskaran

Historic Event for the Korea Bond Market: Sale of 50-Year Korea Treasury Bond with 1.574% Yield

There was a historical event in the Korea bond market this week. The South Korean government sold a 50-year treasury bond (worth 1.1 trillion won...

Douglas Kim

South Korea: Policy Efforts to Sustain Tepid Economic Momentum

Reduced deflation fears: Inflation rose to 1.2% y/y in Sep 16 from 0.4% in August, the highest inflation since February. Core inflation was 1.3%...

Jason Tan

The Saenuri Party Is Proposing a 60 Days Short Selling Regulation

Saenuri Party (of National Assembly in Korea) is proposing a 60 days short selling regulation. If it does get passed by the National Assembly, it...

Douglas Kim

JASTA Will Push Saudi East

Senate and Congress have overridden President Obama's veto on the Justice Against Sponsors of Terrorism (JASTA) legislation, designed to allow...

Emad Mostaque

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