After several years of strong credit growth in Indonesia, recent interest rate increases are expected to slow lending, allowing banks to take stock and reducing the risk of exposure to bad loans.
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Fresh legislation has paved the way for a major shift in Myanmar’s financial sector, spearheaded by the separation of the central bank from the Ministry of Finance and Revenue.
An overhaul of Malaysia’s Islamic finance regulations is expected to increase take-up of sharia-compliant insurance (takaful) products, although the new rules could encourage smaller operators to join forces with more established rivals.
Access to financing in Myanmar has been traditionally limited to an elite stratum of companies closely linked to the government, with smaller businesses turning to family and friends for raising funds. However, this is set to change, with a new bourse, to be known as the Yangon Stock Exchange (YSE), under development.
Like bourses in many other emerging markets, the Indonesia Stock Exchange (IDX) has been on a downward trend since late May, as the US Federal Reserve has made clear that it will scale back its stimulus programme. However, authorities have taken steps to strengthen the market, including propping up the rupiah, and many of the IPOs scheduled for the coming months appear to be on track, suggesting that any difficulties could be short-lived.
Economic update | Malaysia: IPO tide rising
21 Jun 2013
Return of confidence after Malaysia’s general election has seen a surge in companies declaring their intention to go public, with more than $2bn worth of initial public offerings (IPOs) launched or mooted for the weeks following the poll.