Engaged minds

Brief Event Notes: The 10th Asset ASEAN Bond Markets Summit 2015, Singapore  http://www.theasset.com/event/bond-asean Global environment ·          Embrace the new normal, global growth rate of 3% pa. Global slowdown to continues coupled with an normalised China and declining commodity prices ·         Continuing volatility and uncertainty       ·          Fundamentals continue to deteriorate across EMEA and showing signs of continuing in 2016 ·         Divergence in monetary policies of EM and DM; US interest rate hikes will require EM and EU to stimulate local economies by reducing rates ·         Most Asian (and emerging) market economies will have to restructure and open up ·         Companies will have to review functional currency think of CNY as their function...

·         Everyone in pointing 1 finger at China and 4 at themselves while status quo on restructuring economies continues. As we experience a new economic normal situation, deleveraging and lower GDP growth continues. Commodity prices remain sober, and financial markets remains volatile. ·         Rating agencies are on the edge and ready to downgrade when pin drops and breaks the silence (unfortunate but true). Credit concerns and rating actions will keep bond yields higher and base rates (Libor) inches up - difficult and expensive to borrow.  ·         Accelerated corporate action to pare debt and costs, manage risks, create customised solutions, unprofitable investments or investments with lower ROA % (10%) are being hived off - Corporates are restructuring to manage resources (and cash) efficiently, enhance returns and defend ratings and balance sheet size and debt. ·         Infosy...

This passport issued 1928 by the British Empire in India is a testament of a proud generation of merchants and bankers (shroff) that upheld and encouraged strong ethics and values, learnt multiple languages, including English of the British Empire, understood and blended with multiple cultures and customs, travelled widely and adapted to a changing world. These classical generation lived a normal life yet fought for democratic values, liberty and a better world for future generations. Thinking of these good old days; still wonder on how they travelled, where they stayed, and how they built relationships and interacted, how they explored, trusted, and exchanged goods, services and money all of it without technology but strong social network. I can imagine and value the power of social networks and physical contacts, mutual trust and respect for humans as powerful and long lasting.  Mr Amthalal Shivlal is the father of Mr Navnitlal Shah and is also Sachin my brother, our cousins and ...