Good morning. Asia’s frontier markets have seen mixed fortunes this year from an investment perspective, with Mongolia the best-performing in the world and Vietnam also a stand-out. In this week’s Face-to-Face we speak with Ruchir Desai, a fund manager at Asia Frontier Capital, for the latest developments and what to expect going into 2022. The recovery of international tourism and the creeping impact of inflation on consumer spending are some of the themes to watch.
What you need to know
- Asia Pacific, which has lagged international tourism this year, is projected to see spending surge 148.3 percent next year as destinations reopen.
- Macau’s “go-go years” appear to be over, with signs that authorities want tighter control and investors should manage their expectations: SVA
On the radar
- Suntrust amends Westside City accord, extends deadline to 2024.
- Emperor Hotel posts solid revenue, banks on consumption sentiment.
- Ainsworth sees 1H22 profit of A$10m as revenue momentum continues.
- Kuwana City mulls request to join Japan IR race.
- Dream11 parent raises $840m in latest funding round.
What the papers say
- Thais freed from Cambodia online gambling ring return home.
- Resorts on Philippines’ Cebu island cut rates to boost business.
- Anti IR groups claim enough signatures to force Wakayama referendum.
AGB Intelligence
FACE-TO-FACE
Asia’s frontier markets bouncing back
Asia’s frontier markets have seen mixed fortunes this year from an investment perspective, with Mongolia the best-performing in the world and Vietnam also a stand-out. However, ASEAN countries are lagging. In this week’s Face-to-Face we speak with Ruchir Desai, a fund manager at Asia Frontier Capital, for a round-up of the latest developments and what to expect going into 2022. The recovery of international tourism and the creeping impact of inflation on consumer spending power are some of the themes to watch.
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