Category: Southeast Asia

Myanmar Lags International Expectations

Myanmar Lags International Expectations

Global investors were quick to hype the unfolding reform story in Myanmar. Those energies may have been misspent. The World Bank has materially reduced its country growth forecast for 2017. GDP activity should now expand by 6.9% over the year ahead, rather than 8.4%. On the surface, that still sounds promising, but it is  More ►

Jakarta Fires Wall Street Firm

Jakarta Fires Wall Street Firm

Indonesian assets are greater than a single commentary, even when the analysis is published by a lofty name like JPMorgan. But Jakarta has taken issue with being called a “loser” under the Trump administration; the government has abruptly severed ties with the firm. Bizarre. Officials may be too sensitive to criticism.  More ►

Uber-Rich Nest in Indonesia

Uber-Rich Nest in Indonesia

Economic and regulatory trends favor wealth expansion in Indonesia. Strong gains on the Jakarta Stock Exchange this year—recent volatility aside—have boosted private fortunes. Tax amnesty policies are also enfranchising previously-unrecorded assets. The 50 wealthiest Indonesians may now control about $99 billion. The richest  More ►