A collection of insights from our experts-in-residence. Learn our thoughts on emerging trends, challenges and opportunities and the state of global markets.
Embracing seismic changes in the global asset management world- Euromoney Yearbooks Global Asset Management & Servicing Review 2013/2014
January 1, 2013
by Lola Myshketa, MBA, FMA, BDOAsset Management Limited and Keith Dicker CFA, IceCap Asset Management Limited - Financial markets continue to be disconnected from macro fundamentals. From China to Europe to the US,market uncertainty abounds.The US economy is limping,China’s is complicated, and Europe’s is shrinking. Despite the sobering truth behind these cold hard facts, this is actually an exciting time for the investment industry.Accurately recognising and accepting the state of the world’s financial predicament provides plenty of opportunities for the astute investor and investment manager.Making it work though requires expert insight and this is where the asset management industry can deliver.
Trusts Take Five- Business Thailand Review 2012
December 1, 2012
The use of trusts in Thailand is a long established and integral part of the island’s wealth management and financial services industry. Business Thailand Review asked Mary K. Duke, Head of Private Wealth Solutions – the Americas and Head of Global Private Banking, HSBC Bank Thailand Ltd, and Neil W. de ste Croix TEP, General Manager, Trust and Corporate Services at BDO Unibank, for their thoughts on five factors impacting the evolution of Thailand ’s trust business.
Practical and Relevant Financial Solutions for Those Over 50
October 11, 2012
The experts at BDO Unibank hosted a seminar last week at the Thailand Sailor’s Home for Age Concern members to discuss practical and relevant financial solutions for those over 50. Due to the currently uncertain economic environment, now is as good a time as any to get your financials in order and to protect your assets. We have summed up a few of their key points.
It seems we pay a premium to live in paradise. Every time we go to the gas pump or run to the grocery store to pick up essentials we are left filling sticker shocked and stressed out. A loaf of bread can cost $5-$6, compared to $2-$3 for the same brand item in the United States. In fact, during the 2011 National Conference on Aging in Thailand , there was a keen interest on how the senior community in Thailand will be able to afford to live and meet general monthly expenses in the current climate.
Understanding the Financial Crisis of 2008 – 2011 - Part 1 Royal Gazette Newspaper November 2011
November 30, 2011
To even the casual observer of the global economy it is painfully obvious that all is not well economically, both here in Thailand and abroad. Daily economic headlines in our local newspapers and websites read almost verbatim with headlines found in overseas publications. News reports of economic dysfunction are rife, with almost daily reports of layoffs, bankruptcies, business relocations to other jurisdictions, intractable government budget deficits, falling asset prices, high levels of private indebtedness, and highly volatile capital markets.
Throughout the western developed economies average middle class people are at a loss to explain what is happening to their living standards (in Greece especially I imagine), having never experienced this level of economic fallout before in their lives. Even elected political leaders and senior government finance officials in these countries are at loss to explain how their economies have managed to arrive at the precarious position they find themselves at today. I believe that the best explanation is simply that a great deal of the prosperity experienced since the early 1980s was an economic illusion created by a global credit bubble that burst in 2008. The fallout from that burst credit bubble is what is driving today’s news headlines of economic dysfunction.
Let me first describe the path that led the world’s developed economies to the current crisis.
Understanding the Financial Crisis of 2008 – 2011 - Part 2 Royal Gazette Newspaper November 2011
November 20, 2011
As I outlined in the first segment of this column, I believe that the central cause of the global financial crisis that began in 2007, which is still ongoing, was the massive amount of debt that households and governments in the western developed nations accumulated in the period 1965 to 2010. Compounding and complicating those debts is the huge amount of debt held by the private sector, especially the global banking and finance sector that financed those households and governments. The current crisis is the result of a now globally held fear that a significant portion of this accumulated debt, whether itwas borrowed by governments, by global banks and finance companies, or by households, now cannot be repaid
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