For more information please contact us

ashmail [at] ashmoregroup [dot] com (Email Ashmore)

Thailand’s plebiscite

Weekly investor research

01 August 2016



Thailand’s voters are heading to the polls next week in order to give their verdict on the military’s new constitution. If approved, Thailand will have general elections in the middle of 2017 to pave the way for a return to a civilian government. Prospects for reforms in Indonesia were given a big shot in the arm last week with the re-appointment to the post of finance minister of Sri Mulyani Indrawati, a former World Bank Managing Director. India’s GST bill has now made it to the floor of the Senate and should be voted upon in the coming days. Euroclear approves Russia’s 2026 sovereign bonds for approval. China announces new regulation for wealth management companies. Venezuelan bonds rallied sharply last week despite lower oil prices due to expectations of liability management on the part of PDVSA, the national oil company. Petrobras has begun to sell assets. In the US, the FOMC must have let out a collective sigh of relief that it did not raise rates in July as the weakness of the Q2 GDP number became apparent, while Europe’s bank stress tests failed to reassure Germany’s Bundesbank.

Full article

Latest Insights

View all