In the face of the worst debt crisis in decades, the government is taking action and reaching out to international donor agencies for assistance.
Asia-Pacific
Economists' insights on Asia's recovery path
March 25, 2022As Asian governments ease lockdown measures and reopen borders, a group of regional economists share their thoughts with The Banker on how the region has been affected over the past two years and which sectors are in the most need of additional support for recovery.
Sri Lanka’s banks face a challenging 2022
March 17, 2022The banking sector is dealing with a devalued currency, inflationary pressures and the spectre of rising non-performing loans.
Singapore banks boosted by Citi’s business
March 3, 2022The acquisition of Citi’s retail operations across several Asian markets will give two of Singapore’s biggest banks additional clout across the region.
Semiconductors power South Korea’s economic growth
February 28, 2022South Korea’s economy has bounced back strongly from the pandemic slump, thanks largely to its dominance of the semiconductor space. Yet with a presidential election on the horizon and further interest increases forecast, there is still some uncertainty as to future growth potential.
Citi plays leading role in Asian SPAC markets
February 25, 2022As Asian SPAC markets develop a life of their own, Citi is in a prime position to continue supporting both the capital raising and de-SPAC stages.
South Korea’s banks move from the pandemic to the metaverse
February 24, 2022South Korea’s banks have managed to hold steady through Covid-19 and are now looking to the future of digital banking. Kimberley Long reports.
Laos’s big debt raises concerns
February 16, 2022Laos has overcome a number of issues to bring itself into the capital markets, but needs to be wary of taking on a bigger burden than it can handle.
Asia’s central banks working out CBDC bumps
February 1, 2022Asia's central banks are leading the way on developing their own digital currencies, but cross-border interoperability will depend on regional collaboration.
China sees substantial drop in FDI capex
February 1, 2022Despite attracting the greatest amount of investment dollars in Asia-Pacific over the past five years, foreign direct investment into China’s financial services industry severely contracted in the first 10 months of 2021.