Sporadic pick-up in Covid-19 infections globally (notably in some of the early success stories during the first wave, China and Vietnam). This resulted in a drag on local bank Credicorp (60% index weight, down 7%), offsetting very strong performance...

For manufacturing activities not easily replaced by automation or 3D printing, which countries win share from China? Low wages and scale matter most in this segment: We plot wage curve up to China in countries with over 40mn population. Labour flexib...

DOES CORRUPTION BOTHER YOU? Bangladesh: The use of anti-corruption as a means to persecute and weaken those politicians sitting in the opposition precedes the post-2009 era of the de facto one-party state under the Awami League (ie the Bangladesh Nat...

With the exceptions of China, Malaysia and Vietnam (assuming reported data is accurate in both) all of Asia has struggled with Covid-19 and most of the large population countries have concluded that the poverty caused by long-term lockdowns will caus...

In 2006 I was an analyst on global technology equities. This would be unwelcomed for the investment case given the military’s continuing, overbearing indirect grip on the economy and the strain put on the fiscal deficit from Covid-19 disruption. Equi...

Demand for houses in the Southwest region continues to be healthy. Although the transportation demand between the two areas of Ho Chi Minh City and the Southwest region is high, only 40km of expressways (Ho Chi Minh City-Trung Luong) has been built i...