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Thursday, 14 December 2017

South East Asia 2015

A special report with IFR Asia magazine 884 (March 14 2015)

South-East Asia: Steps for the future

South-East Asia: Steps for the future

IFR Asia - South East Asia 2015

The pace of deals has slowed in recent months, but South-East Asia continues to provide a tantalising opportunity for capital markets professionals.

Indonesian dancers wait for the start of a cultural parade marking the country’s 69th Independence Day celebration in Jakarta.

Steady progress

IFR Asia - South East Asia 2015

With recent efforts to bring lower-rated South-East Asian borrowers to the global debt capital markets yielding mixed results, the outlook for investors’ high-yield appetites remains uncertain.

A baby hawksbill turtle sits on a palm at its hatchery in Padang Kemunting Beach in Malaysia’s state of Malacca.

Signs of life

IFR Asia - South East Asia 2015

After a stuttering start, local corporate bond markets in Singapore and Malaysia are showing signs of a rebound, and bankers and analysts believe issuance volumes in 2015 will grow year on year.

Elephants spray tourists with water in celebration of the Songkran water festival in Thailand’s Ayutthaya Province, about 80km north of Bangkok.

Beyond Bangkok

IFR Asia - South East Asia 2015

The outlook for cross-border listings within ASEAN has improved with Thailand looking to promote itself as a regional related destination and Bangkok’s liquid equity market may appeal to some foreign issuers over Singapore.

Pedestrians use a zebra crossing at a road junction in Singapore.

Looking for cover

IFR Asia - South East Asia 2015

The long-awaited arrival of covered bonds in Singapore debut has moved closer to reality following the release of the latest MAS consultation paper. What’s in store for 2015 and what is the potential for this market?

Participants raise their hands as they cheer at the finish area of The Colour Run on Sentosa Island in Singapore.

Chasing the heat

IFR Asia - South East Asia 2015

Prospects for the South-East Asian loan market remain strong even after a sharp decline in pricing, as yield-hungry lenders look to new markets to boost their returns.

Fans dressed in the colours of the Vietnamese flag are pictured before the team’s Suzuki Cup soccer match against Indonesia at My Dinh stadium in Hanoi.

Fits and starts

IFR Asia - South East Asia 2015

A stop-start privatisation programme and talk of landmark cross-border listings is raising hopes for Vietnam’s capital markets, although investors remain cautious about the country’s future.

Dancers perform during the opening ceremony of the ASEAN foreign ministers’ meeting, at the Myanmar International Convention Centre in Naypyitaw.

Opening up at last

IFR Asia - South East Asia 2015

It is early days for Myanmar’s capital markets, but already international financings and plans for a modern stock exchange are attracting overseas interest.

Workers adjust a Base Transceiver Station on the building of Indosat in Jakarta.

Towers of plenty

IFR Asia - South East Asia 2015

Indonesian telecom infrastructure firm Tower Bersama is emerging as a regular international issuer, with its sights set on longer-term funding.