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

Lockdowns Are Still In Vogue, but Rising Vaccination Rates Allow Asia To End 2021 On A Stronger Note

Covid-19: How Much Will Scarring Hurt The Regional Economies?

Prosperity/ Plans/ US-China/ Carbon/ Parks

2H21 Outlook: A Two-Track Asia Is Likely to Emerge

Asia: Headline Inflation May Be Up But Core Inflation Remains Benign

Asian Political Risks Continue to Creep Up

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 style="list-style-type: square;">
<li>Amid renewed surges in the region, governments have rolled out more relief packages.</li>
<li>Korea bucks the trend with a sizeable supplementary budget – the 6<sup>th</sup> such bill since the outbreak of the pandemic. In Malaysia and India, the relief packages consist mostly of indirect measures such as loan and credit guarantees.</li>
<li>This divergence in policy response can be explained by weaknesses in state capacity, as cash-strapped governments eschewed direct demand injections to rein in fiscal slippage. That Indonesia is contemplating tax hikes during a second wave of infections is telling.</li>
<li>But the fiscal packages will take the pressure off central banks to ease the monetary spigot in response to the new waves of infections.</li>
</ul>


Amid renewed surges in the region, governments have rolled out more relief packages.
Korea bucks the trend with a sizeable supplementary budget – the 6th such bill since the outbreak of the pandemic. In Malaysia and India, the relief packages consist mostly of indirect measures such as loan and credit guarantees.
This divergence in policy response can be explained by weaknesses in state capacity, as cash-strapped governments eschewed direct demand injections to rein in fiscal slippage. That Indonesia is contemplating tax hikes during a second wave of infections is telling.
But the fiscal packages will take the pressure off central banks to ease the monetary spigot in response to the new waves of infections.


Divergence in Fiscal Packages Reflect Stark Differences in State Capacity