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Pacific Money

The 21st century is commonly referred to as the 'Pacific Century.' For such a prediction to materialize, the economies of the Asia-Pacific must lead the globe. What challenges will the region face? What nations stand to benefit most? The Diplomat's economics and business blog, Pacific Money, will try to tackle these questions and more.

Why Does Indonesia’s Bank Jago Have Such a High Valuation?
August 09, 2022

Why Does Indonesia’s Bank Jago Have Such a High Valuation?

By James Guild
The strong track record of the bank's leadership, and the broader optimism about the future of digital banking in Indonesia, have combined to raise investors' expectations.

Pacific Rim Economies in Doldrums, Sapped by Inflation, War
August 06, 2022

Pacific Rim Economies in Doldrums, Sapped by Inflation, War

By Elaine Kurtenbach
Most economies in the region are just beginning to fully emerge from border closures and other pandemic-related precautions. 
Rodrigo Duterte’s Economic Legacy in the Philippines
August 02, 2022

Rodrigo Duterte’s Economic Legacy in the Philippines

By James Guild
He came to office in 2016 with a promise to "Build, Build, Build." How do Duterte's economic achievements stack up?

Why is Vietnam’s VinFast Building an EV Factory in the United States?
July 26, 2022

Why is Vietnam’s VinFast Building an EV Factory in the United States?

By James Guild
The upstart auto maker is hoping that offshoring its manufacturing to the U.S. will help it tap into the growing American demand for electric vehicles.

The Economic Effects of Extreme Heat in China
July 25, 2022

The Economic Effects of Extreme Heat in China

By Sara Hsu
Extreme heat is roiling China, challenging individuals and businesses in carrying out everyday activities.

Military-Ruled Myanmar Facing Second Year of Negative Growth
July 20, 2022

Military-Ruled Myanmar Facing Second Year of Negative Growth

By Sebastian Strangio
The risk assessment group Fitch Solutions predicts that the country's lost economic output won't be recouped until 2028.

The Scandal at Indonesian Charity Aksi Cepat Tanggap (ACT)
July 19, 2022

The Scandal at Indonesian Charity Aksi Cepat Tanggap (ACT)

By James Guild
An investigation by the news magazine Tempo highlights the importance both of a free media and an empowered financial watchdog.
De-Dollarization and the Importance of Public Sentiment in Cambodia
July 18, 2022

De-Dollarization and the Importance of Public Sentiment in Cambodia

By Leang Seakleng
The challenge of promoting the use of the riel is not just one of monetary policy. It also touches on questions of Cambodian national identity.

China’s Interventionist Approach to Managing Financial Risks
July 15, 2022

China’s Interventionist Approach to Managing Financial Risks

By Nicholas Borst
While Beijing has studied the mistakes of past financial cleanups, its current approach risks making new ones.

The Revival of Rail Infrastructure in the Philippines
July 12, 2022

The Revival of Rail Infrastructure in the Philippines

By James Guild
The ADB and JICA are currently funding extensive upgrades to the country's railways and urban mass transit systems.

Macao, ‘Las Vegas of Asia,’ Tells Casinos to Grow Beyond Gambling
July 12, 2022

Macao, ‘Las Vegas of Asia,’ Tells Casinos to Grow Beyond Gambling

By Joe McDonald
Authorities in Macao now seem to be aligning with official strategy on China's mainland, where foreign companies are required to help pay for the ruling Communist Party's development ambitions.
Why Indonesia Needs to Reform Its System of Energy Subsidies
July 11, 2022

Why Indonesia Needs to Reform Its System of Energy Subsidies

By I Dewa Made Raditya Margenta and Filda C. Yusgiantoro
State subsidies help keep energy affordable for low-income Indonesians. They may also be holding up its green energy transition.

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