Bribery and Airlines: Business as Usual

Bribery and Airlines: Business as UsualThe naming of Garuda Indonesia’s former chief, Emirsyah Satar, by the Corruption Eradication Commission as a bribery suspect in the purchase of Rolls-Royce aircraft engines is just the latest chapter of a long string of such cases stretching across Asia and across generations. Indeed, the British aerospace giant, the world’s third-largest engine manufacturer after General…

Ford Trumped

Ford TrumpedAsia-Pacific governments need to keep a close eye on what the bosses of America’s largest companies are saying and doing about President Donald Trump’s protectionist drive. Companies that for years have said they wanted equal access to markets and investment opportunities are now falling over themselves to embrace Trump’s reversal of the open trade that…

Economic Outlook 2017: Korea

Economic Outlook 2017: KoreaSouth Korea kicked off the new year under a political cloud with President Park Geung-hye suspended from office after her December 2016 impeachment over alleged corruption and influence peddling. The scandal has extended into the economy after accusations that Park colluded with a long-time confidante, Choi Soon-sil, to pressure Samsung and other Korean conglomerates, or…

Economic Outlook 2017: Japan

Economic Outlook 2017: JapanFueled by fiscal stimulus measures and a depreciating yen following the U.S. presidential election, the Japanese economy is expected to grow moderately in 2017, albeit with downside pressure persisting in public debt and wage growth. The Organization for Economic Cooperation and Development warned in November 2016 that faster economic growth was essential to help Japan…

Economic Outlook 2017: China

Economic Outlook 2017: ChinaChina’s economic challenges and risks are expected to mount this year as the country continues to pump in credit to keep growth from skidding to a halt. After last year’s gross domestic product growth of 6.7%, the International Monetary Fund upgraded its 2017 forecast to 6.5 % – 0.3% higher than its October 2016 estimate…

Economic Outlook 2017: Indonesia

Economic Outlook 2017: IndonesiaGiven Indonesia’s 2016 performance, in which fiscal reform, accommodative monetary policy and key market factors combined to produce gross domestic product growth of 5.1 percent, the question for 2017 is, "Can it happen again?" The Indonesian government remains cautious, setting a target of 5.1% GDP growth for this year, while the World Bank’s estimate is…

Economic Outlook 2017: India

Economic Outlook 2017: IndiaIndia will be hoping for stability in 2017 after it was put through the wringer last year, with a number of natural disasters, including widespread floods and earthquakes. In addition, the country suffered a bloody terrorist attack on security forces and a number of fatal train derailments. But perhaps the biggest shock was economic, and…

Economic Outlook 2017: Australia

Economic Outlook 2017: AustraliaThe year 2016 was one of red flags for the Australian economy. The mining industry boom is long past and Australia has been struggling to rebalance and attract investment into new industries. After 25 years of growth, the so-called Lucky Country recorded a 0.5% year-on-year contraction in gross domestic product in 2016’s third quarter, illustrating…

Rising US Protectionism Puts Indian Industry on Edge

Rising US Protectionism Puts Indian Industry on EdgeThe Indian industry body ASSOCHAM is warning that India's economy will suffer collateral damage in the event of  a trade war with Mexico and China that is expected to be triggered by incoming US President Donald Trump.  “The Trump threat to protect the US interest in an inward-looking manner is for real now," read the…

Shock End to TPP from Trump

Shock End to TPP from TrumpBuy Korea, buy Japanese, buy Taiwanese, buy Australian, buy Singaporean, buy Thai, buy Vietnamese, even buy Chinese. Forget about Apple, McDonalds, Goldman Sachs, Citibank, Ford, Boeing – there’s always an alternative. That is the message that President Donald Trump has sent around the world and most of all to America’s supposed allies in Asia. The…