Pushing for promotion – Aaron Woolner column
There is stiff competition among the up-and-coming regional centres of Asia to join the big league of Hong Kong, Singapore, Sydney and Tokyo
Asian financial markets have traditionally been focused around four key locations: Hong Kong, Singapore, Sydney and Tokyo – but this is changing. December last year saw Fitch Ratings return Indonesia to investment grade after 14 years in the wilderness following the Asian Financial Crisis. Given that just a month earlier the southeast Asian state’s credit default swap spreads stood at 250 basis
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