Euromoney (May Issue)
“The record stock market debut of BTS Group Holdings in Thailand provides fresh hope of a broader revival for public offerings across the Asia Pacific region.” The $2.1 billion IPO was the region’s largest in a year when “deals have been notoriously difficult” amid “volatile equity markets fuelled by geopolitical and macroeconomic uncertainty.” The BTS deal may prove a bellwether, prompting “long-awaited rush of listings.” In contrast, the otherwise successful $1 billion IPO of Japan Prologis REIT in February proved a “false dawn;” the rush of deals never followed.
Tags: Asia Pacific, BTS, Geopolitical, IPO, Japan Prologis, Macroeconomic, REITs, Thailand, Uncertainty
Wall Street Journal (May 28)
“It used to be said that when America sneezes, the world catches a cold.” Now, it’s China. “As the reality of slowing growth in China sets in—and with little help on the way from a still-sluggish America and a Europe in euro crisis—economies from South Korea down to New Zealand and Japan over to Thailand are starting to feel the effects. China’s flu is set to become the main preoccupation for policy doctors across the continent.”
Tags: China, Europe, Global economy, Japan, New Zealand, South Korea, Thailand, U.S.
Time (April 25)
Time calls it “the China Effect.” As China prospers and internal demand generates an ever larger share of economic growth, low-skill manufacturing is being shifted to other Asian countries, including Vietnam, Bangladesh, Malaysia and Thailand. “After ferociously sucking jobs and investment out of Southeast Asia over the past two decades, the China Effect is now lifting once declining industrial hubs like Penang out of their long economic slump.” The era with China as the world’s factory is beginning to come to an end.
Time calls it “the China Effect.” As China prospers and internal demand generates an ever larger share of economic growth, low-skill manufacturing is being shifted to other Asian countries, including Vietnam, Bangladesh, Malaysia and Thailand. “After ferociously sucking jobs and investment out of Southeast Asia over the past two decades, the China Effect is now lifting once declining industrial hubs like Penang out of their long economic slump.” The era with China as the world’s factory is beginning to come to an end.
Tags: Bangladesh, China, Malaysia, Manufacturing, Thailand, Vitenam
