The government has committed millions to helping save both Qantas and Virgin Australia, although the CEO of the former has publicly stated the later doesn’t deserve it. How much Virgin ends up receiving could have a significant impact on its corporate bond holders.
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.
The challenges are significant when 85% of the population is unbanked and the country has no capital markets. The acting governor of Da Afghanistan Bank outlines his plans to build from the ground up, promote financial inclusion, and learn from countries like Cambodia.
Attracted by a welcoming investment climate and driven by its Belt and Road Initiative, China is the largest investor in East Central Europe by some measure. But keep your eyes out for Korea also as its investment levels in the region are surging.
Continued infrastructure investment from multilaterals, especially that linked to the training of women, is helping Tajikistan develop a future for tourism, but international investors remain wary to say the least.
After notable silence, Kazakhstan looks set to push ahead with its privatisation programme in 2020. Although unlikely before the second quarter, investors and bankers see good reason its top three major state-owned entities will engage the markets.
Aamir Khan was parachuted into the top job in mid-August and has since swept through the Securities and Exchange Commission of Pakistan streamlining and simplifying regulations. He spoke to FinanceAsia about his vision to re-ignite the country’s capital markets.
After a lacklustre few years thanks in part to over-regulation, Pakistan is cleaning up its image for issuers and investors and betting on simplified IPO rules to catalyse the market. Three IPOs are waiting for approval and more are in the wings, bankers claim.