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How a unicorn like Airwallex stands up to a challenge (like a pandemic)

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The Tencent-backed global payments and foreign exchange unicorn debuted its borderless card last month in Australia, but headwinds, such as the COVID-19 pandemic, is taking its toll on users.

Why Yes Bank’s bailout has panicked markets

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State Bank of India’s agreement to buy Yes Bank stems from the central bank’s aspiration to maintain trust in the country’s financial system. However, as bank share prices and deposits fall, not everyone is reassured.

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Consumers hold the key to Philippines growth in 2020

By First Metro Investment Corporation

Ready for growth

By First Metro Investment Corporation

ICBC: Global markets business heading towards better quality and efficiency

By ICBC

OYO’s $807m cash injection is only a temporary fix to bigger problems

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Under the aegis of Softbank’s Vision Fund, the Indian budget hotel chain has quickly expanded into China and Europe. But the startup cannot outrun poor business practices that have left customers dissatisfied and investors skittish.

Corporate maneuvering

Grab Financial is raising $300 million for its spin-off: sources

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In a move that has been likened to that of Ant Financial, the Southeast Asian fintech group is busy raising the target amount and separating its business from its parent company, FinanceAsia has learnt.

Investor activism

Softbank’s buyback plan is a face-saving gesture

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Softbank’s latest buyback programme marginally addresses shareholder demands; it is an act of goodwill rather than an inflection point for the company’s investment priorities.

What the Kyrgyz Republic must do to diversify its economy

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Backed by healthy gold reserves and multilateral agencies keen to improve infrastructure, the outlook for the Central Asian republic is positive. However, the population’s tense relationship with China must be addressed if it is to make serious economic headway.

Exclusive: Philippines' treasurer on how the country is inching towards the A-grade rating

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The country's national treasurer explains the government's action plan to facilitate a sovereign rating upgrade to the coveted A status. Prioritising domestic debt fundraising over international and expanding its product mix to include sukuks and green bonds are part of the answer.

Banking on the future

Sri Lanka co-opts its banks (again) to kick start economic growth

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The new government wants to get growth back to a level that befits the country’s promise. One key route is a moratorium on loans. The rating agencies loathe the idea, but the country’s leading bankers and economists give a broadly positive assessment.

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