By Burhan Khadbai
29 Apr 2021
Two triple-A rated supranational borrowers scored big in the Australasian bond markets on Wednesday with the Asian Infrastructure Investment Bank selling its first Kangaroo trade and the World Bank bringing the joint biggest ever SSA Kauri bond – equalling the record it set last year.
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The U.S. Is Trying to Light the Match of Islamic Extremism in China’s Xinjiang (Image by Stock File)
“Kashgar is a key location for the land and sea interface of the Belt and Road, connecting not only westward to West Asia, Europe, the Red Sea, and Africa, but also southward to the Indian Ocean through the port of Gwadar,” said Professor Li Bo of the China Research Institute, Fudan University. It is, he told us, “a core area of the Belt and Road strategy.” Kashgar, one of the westernmost cities in China, is the main urban area of the southern Xinjiang Uyghur Autonomous Region (XUAR). Traders from across Asia have assembled at its Sunday bazaar for 2,000 years.
By TED CORDERO, GMA News
Published April 28, 2021 2:06pm The Asian Development Bank’s (ADB) sovereign lending program to the Philippines is seen to reach $3.9 billion this year or roughly P188 billion to support investments in the country’s infrastructure, local economic development, and social assistance amid the COVID-19 pandemic. At a virtual briefing on Wednesday, ADB Philippines country director Kelly Bird said that the multilateral lender’s lending program this year will focus on its “three pillars” of support for the country, namely: Accelerating infrastructure and long-term investments Promoting local economic development Investing in people Under the investing in people pillar is the $400-million loan it extended to the Philippines last March to help the country purchase vaccines against COVID-19.
Private investment, which was hit by the coronavirus pandemic, have regained growth momentum, and multi-strategies have become a bright spot in the hedge fund universe, according to market participants.
The pandemic dragged down investment activities and deal flows in the global private market, including private equity and private debt, in 2020, but fundraising has picked up this year, with dry powder reaching new highs and valuations rising, said Richard Tan, portfolio specialist for Asia at consulting firm Mercer.
He was among market participants who shared their views on global alternative investment trends at a virtual meeting organised by
Asia Asset Management. Participants at the April 27 meeting included representatives from asset management firms and the Asian Infrastructure Investment Bank (AIIB).
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