Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

PK Basu has 35 years experience covering Asia's economies and markets (equities, fixed income and currencies), including 20 years covering the global economy. He was Chief Economist (SE Asia & India) at Credit Suisse First Boston for 5 years, and Chief Asia (x-Jpn) Economist at Daiwa Securities for a similar period. Among other roles, he was global head of research at Maybank Kim Eng, Malaysia equity research head and chief ASEAN economist at Macquarie, Chief Economist at ICICI Securities, ASEAN economist and Asia sector strategist at UBS and the first chief economist at Khazanah Nasional (where he was co-head of research, and led all agri-business initiatives). PK Basu started his career in the Asia Service of WEFA (Wharton Econometrics) in Philadelphia in 1990, rising to be Director of their Asia Service in June 1994. 
PK's book, "Asia Reborn: A continent rises from the ravages of Colonialism and War to a New Dynamism" won the Tata Literature First Book Award (non-fiction) for 2018. It is the first single chronicle of the modern economic and political history of the whole of Asia (from Iraq and Turkey to Korea and Japan, and everything in between), told from an Asian perspective.

Chief Economist & Political Strategist

The Week That Was in ASEAN@Smartkarma - Grab Expands, Alfamart, and Mapletree Mega-Merger

India's Trade-Led Acceleration in GDP Unlikely to Lose Momentum in 2022

Alpha Bites: Pay India 5y Vs Receive Mexico 5y Local Rate

Vietnam: The Rockstar Economy Succumbs to Covid and a Strong VND; Rate Cut Near?

ASEAN as Epicentre of the Covid Crisis: Malaysia Worst Off, Indonesia Improving

Gravity Works As WeWork Doesn't; Now Plan B

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>Prospects for global growth in 1Q2022 are clouded by a severely contagious Fourth Wave of Covid-19, reflected in a 56% week-on-week rise in new cases to 8.274mn this week. </li>
<li>Asia is less affected. With the exception of Vietnam, ASEAN too has contained the spread of Covid, after becoming the global epicentre in Aug-Sep2021. </li>
<li>With the US and EU the epicentres, regionally-focused movement restrictions will hurt domestic growth prospects in the OECD in 1Q 2022, although trade will likely continue to boom.  </li>
</ul>


Prospects for global growth in 1Q2022 are clouded by a severely contagious Fourth Wave of Covid-19, reflected in a 56% week-on-week rise in new cases to 8.274mn this week. 
Asia is less affected. With the exception of Vietnam, ASEAN too has contained the spread of Covid, after becoming the global epicentre in Aug-Sep2021. 
With the US and EU the epicentres, regionally-focused movement restrictions will hurt domestic growth prospects in the OECD in 1Q 2022, although trade will likely continue to boom.  


4th Global Covid Wave More Contagious but Less Deadly (& Asia Less Affected) So Far