Economist, Centennial Asia Advisors

Nicholas Chia

Centennial Asia Advisors deliver timely and accurate economic and political analysis to investors, focused on anticipating key turning points that affect the client’s interests in the Asia-Pacific region. Clients include public agencies and central banks, as well as fund managers and investment banks. The company draws strength from its flexibility to tailor products to fit client’s specific interests. It provides detailed macro-economic forecasts, scenario analysis and timely assessments of how specific major economic and political developments may affect a client’s areas of interest. 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.

Economist

Malaysia: How Long Can Support from External Demand Last?

Malaysia: Can Private Sector Vigour Offset Weakening External Demand?

Malaysia Politics: Racial and Religious Politics to Stage a Comeback

Malaysia: BNM Remains Accommodative as Economy Hums Along

Malaysian Economy: Slow but Steady as She Goes

Malaysia: Government Prepares for SST as Fiscal Projections Worsen

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>The fiscal stance is mildly contractionary, in light of purse strings constrained by mounting public debt.</li>
<li>Budget assumptions are prudent and reflect prevailing macroeconomic conditions, reducing the risks of an over-estimation of the revenue mop-up.</li>
<li>Fiscal consolidation has been dealt a temporary setback as the government earmarked funds for off-books infra projects and one-off GST refunds that went missing. The same can be said for the quality of spending as development outlays bear the brunt of spending cuts.</li>
<li>Last, a greater reliance on oil-related revenues does not bode well over the longer-term as it subjects the Malaysian economy to the gyrations of global oil prices.</li>
</ul>


The fiscal stance is mildly contractionary, in light of purse strings constrained by mounting public debt.
Budget assumptions are prudent and reflect prevailing macroeconomic conditions, reducing the risks of an over-estimation of the revenue mop-up.
Fiscal consolidation has been dealt a temporary setback as the government earmarked funds for off-books infra projects and one-off GST refunds that went missing. The same can be said for the quality of spending as development outlays bear the brunt of spending cuts.
Last, a greater reliance on oil-related revenues does not bode well over the longer-term as it subjects the Malaysian economy to the gyrations of global oil prices.


Malaysia: Sacrificial Budget 2019 Attempts to Do More with Less