UBS Global Wealth Management’s Kelvin Tay says the transmission mechanism from interest rates cuts will take a while to materialize meanwhile watch for sustained pickup in property sales figures to notice an economic recovery underway.
Yun Liu of HSBC says Malaysia’s economic growth is ‘on fire at all fronts’, and discusses strength of the ringgit and increasing amount of Chinese investments into the country specifically related to green transition.
Maybank Group CEO Khairussaleh Ramli talks about revitalizing the Forest City Special Financial Zone in Johor, and says it takes ‘courage’ to set up in the beleaguered zone as it gets back on its feet.
Tony Fernandes, CEO of Capital A, talks about plans to sell its aviation business to AirAsia X. He says the newly formed AirAsia Group intends to go public by December.
Ray Dalio, founder of Bridgewater Associates, explains that while the U.S. has pockets of exceptionalism, those elements only benefit a small sliver of the population.
Francis Tan of CA Indosuez Wealth Management says the the yen is still undervalued versus the U.S. dollar, adding that he sees more room for further appreciation of the Japanese currency.
Francisco Blanch from BofA Global Research discusses the transition of China’s energy demand and explains why the traditional correlation between U.S. dollar and energy price has broken down.