Economist, Centennial Asia Advisors

Nicholas Chia

Centennial Asia Advisors deliver timely and accurate economic and political analysis to investors, focused on anticipating key turning points that affect the client’s interests in the Asia-Pacific region. Clients include public agencies and central banks, as well as fund managers and investment banks. The company draws strength from its flexibility to tailor products to fit client’s specific interests. It provides detailed macro-economic forecasts, scenario analysis and timely assessments of how specific major economic and political developments may affect a client’s areas of interest. At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way.

Economist

The Global Environment Turns Riskier for Asia: Expect More Shocks

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

<ul><li>As financial and monetary normalisation proceeds apace, Indonesia remains most at risk, given the widening current account deficit and high dependence on foreign financing.</li><li>In the event that a trade war materialises, Singapore would be hardest hit, given that exports are twice as large as the city-state’s economy. Meanwhile, a hard landing in China would affect all of ASEAN-5 economies indiscriminately.</li><li>Dearer oil as a result of a conflict in the Middle East would put the Singapore economy in the crosshairs as it relies on oil for close to 90% of its primary energy consumption.</li><li>Last, do not disregard growing political stresses in Malaysia, where elections are looming and in Thailand where delays to the electoral timeline are feeding political resentment.</li></ul>

As financial and monetary normalisation proceeds apace, Indonesia remains most at risk, given the widening current account deficit and high dependence on foreign financing.In the event that a trade war materialises, Singapore would be hardest hit, given that exports are twice as large as the city-state’s economy. Meanwhile, a hard landing in China would affect all of ASEAN-5 economies indiscriminately.Dearer oil as a result of a conflict in the Middle East would put the Singapore economy in the crosshairs as it relies on oil for close to 90% of its primary energy consumption.Last, do not disregard growing political stresses in Malaysia, where elections are looming and in Thailand where delays to the electoral timeline are feeding political resentment.

Beware of Lurking Vulnerabilities in ASEAN-5 Economies