“The Asian Century” will be about much more than just China
Evidence continues to mount that China’s economy is faltering, though it is uncertain as yet how serious its retreat will turn out to be. With hindsight, it was surely unrealistic to expect that after two decades of stunning growth that has propelled it to the second largest economy in the world, China could continue to grow three times faster than advanced nations.
APAC 2019: US-China trade war a big risk factor for treasurers
As it stands, the year ahead is shaped to be rather interesting, if not challenging, for treasurers across Asia Pacific, with politics a key theme as elections will take place in India, Indonesia, the Philippines and Australia.
Global economy under threat as politicians lose the plot
Corporate treasurers are no strangers to managing risks to financial and liquidity management but with fears growing that the global economy is heading for another downturn, they are coming under pressure to monitor an increasingly wide array of threats.
The internet is slowly becoming a crypto-graveyard. This is after cryptocurrency after cryptocurrency, often created as part of an initial coin offering (ICO), lose their value, rendering them worthless. In fact, one website which tracks failing cryptocurrencies claims that there are over 800 cryptocurrencies that trade for less than a cent.
Treasurers have never had so many banks competing for their business. Indeed, a recent Bain & Company report has found that the transaction banking space is more saturated than ever. This comes as bank executives place their bets on the fee-based income gleaned from the business driving a new era of growth for their institutions.
Alibaba founder, Jack Ma, is renowned for his colourful quotes on all manner of topics. One that stands out is his comment on flying pigs. “First of all, a pig can fly in the wind, but when that wind dies down it’s the pig who’s going to fall to his death, because he’s still a pig,” said Ma in a 2015 interview with Sina Tech.
Countries across the region celebrated the Lunar New Year in February, ushering in the Year of the Earth Dog. According to the Chinese Zodiac, the Earth Dog is kind, efficient and skilled in communication. It holds the notion of fair play and social justice dear and, given the dog’s role as a protector of the home, could be interpreted as time for a shift geographically and politically from predominantly offensive positions to more defensive positions.
Singapore is taking digitisation seriously. This was evident at its recent fintech festival, which saw over 25,000 attendees from all over the world descend on the city-state to take part in a week of festivities designed to push forward the future of financial services.