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Commentary
Dominant monopolists are a threat to us all
SINGAPORE (Dec 10): One afternoon back in the 1990s, when I worked for a Malaysian brokerage firm, I could not help overhearing one of my senior colleagues talking on the telephone to a fund manager about a company called Renong.
December 12, 2018
In print this week
The limits of China's charm offensive
SINGAPORE (Nov 26): Over the last decade, China has taken an increasingly muscular approach to relations with East Asian countries. But, in recent months, it has surprised its neighbours with a charm offensive. What changed? In terms of China’s behaviou
November 29, 2018
Commentary
More dark clouds loom over the world economy, but are the concerns misplaced?
SINGAPORE (Nov 26): The mood among investors and businesses worldwide seems to be increasingly fragile, marked by growing despondency as a dark cloud of uncertainty hangs over many important issues. To clarify where the world is heading and what it means
November 27, 2018
Commentary
Noble case underscores need for regulatory reform, new growth strategy for local market
SINGAPORE (Nov 26): On a Saturday afternoon in 2015, I returned a telephone call to an individual at a public relations firm who had tried to reach me earlier in the day. He was acting for Noble Group, and intimated that he had called me as part of an eff
November 26, 2018
In print this week
The coming months may be especially dangerous for the US and the world
SINGAPORE (Nov 19): The drama of US President Donald Trump’s presidency has centred around whether an extremist president would be able to carry out an extremist policy agenda against the will of the majority of Americans. So far the answer has been no,
November 21, 2018
In print this week
What SGX expects of listed companies conducting an initial coin offering
SINGAPORE (Nov 19): An initial coin offering is an offer of digital tokens or coins to investors that are paid for either with fiat currencies or other cryptocurrencies. Given that many companies all over the world are conducting ICOs to raise funds, it i
November 20, 2018
Commentary
How will the US affect Asia?
SINGAPORE (Nov 12): The US is reaching important — and potentially disturbing — turning points, in politics as well as in the economy. First, the results of the midterm elections have changed the political dynamic, which will reorientate US President
November 15, 2018
Commentary
Reflecting on culture of capitalism as former Goldman Sachs executives charged
SINGAPORE (Nov 12): Lloyd Blankfein, who stepped down as CEO of Goldman Sachs at the end of September, once said in an interview with London’s The Sunday Times that banks serve a social purpose and are doing “God’s work”. The way Blankfein saw it,
November 11, 2018
Commentary
Will the GICS reclassification shift investor perception of the FAANG and BAT stocks?
SINGAPORE (Nov 5): Many years ago, when The Edge Singapore was still in its infancy, I had the good fortune of being seated next to Mark Mobius during a luncheon event. As we ate, I asked the renowned proponent of investing in emerging markets to explain
November 04, 2018
Commentary
Risks proliferate but Asia has some silver linings
SINGAPORE (Oct 29): The rising risk aversion among global investors has been the product of geopolitical and economic risks that are not specific to Asia, yet they have taken a toll on Asian equities and currencies in the past two weeks. The unrelenting f
October 28, 2018