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  • Indonesia will announce the official results of its presidential elections on March 20. Pro-business defence minister Prabowo Subianto looks set to win the presidency outright, avoiding a run-off in June.

    Longtime followers of Indonesia will know Prabowo as a controversial general and the son-in-law of authoritarian President Suharto, who in the late 1990s was banned from the US and dismissed from the Indonesian army for allegations of human rights abuse. How did Prabowo get elected and what should businesses expect from him?

    Angela Mancini, Partner, speaks with Achmad Sukarsono, Associate Director and Indonesia Lead Analyst, about what a Prabowo presidency would look like and how the business risk landscape in Indonesia is expected to change.

    Find more of our analysis on South East Asia here.

  • In this episode of Asia In Focus, Angela Mancini, Partner, speaks with Khalid Shah, Analyst, about how businesses operating in India can prepare for the future.

    India is often regarded as sitting in a geopolitical sweet spot. The country is seen as a rising power on the global stage as well as an ally to several Western states. All eyes will be on the country in April and May 2024 as India heads to the polls in its upcoming general election, which will see 900 million people cast their votes. While no surprises are expected, the outcome will set the tone and direction for businesses operating in India for the next 5 years.

    But the general election will likely not derail India’s growth agenda. India’s Vision 2047 document, expected to be formally unveiled this year, will lay out a path to elevate India’s economy from a gross domestic product of USD 3.4 trillion to USD 30 trillion by 2047. Alongside incentives to drive investment and the opportunities that come with a large, aspirational consumer market, businesses should also expect inefficiencies and obstacles to doing business; myriad climate challenges; a massive digital infrastructure vulnerable to threat actors; and all the complexity of centre / state, regional, and social challenges.

    Visit our India Business page to find our latest analysis on India, or read our analysis on the top risks and opportunities for India in 2024.

    If you are looking for more analysis across the Asia-Pacific region, please subscribe to our Asia In Focus podcast.

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  • Indonesia just closed its presidential candidate registration on 25 October 2023. After much anticipation, voters finally have confirmation that there will be 3 presidential pairings set for the Valentine’s day vote next year, which is unlikely to produce a winner with a majority of the 200 million votes up for grabs.

    As current president Joko “Jokowi” Widodo is unable to run for a third term, businesses and investors can expect to see policies accelerating his legacy projects from now until the inauguration of the new president in October 2024.

    Angela Mancini, Partner, speaks with Achmad Sukarsono, Associate Director and Indonesia Lead Analyst based in our Singapore office on what businesses can expect between now till October 2024, and how they can be prepared for the new presidency.

    Visit our Indonesia Elections page to find our latest analysis on the presidential race, or subscribe to our South East Asia updates to get them straight to your inbox.

    If you are looking for more analysis across the Asia-Pacific region, please subscribe to our Asia In Focus podcast.

  • After the US Department of Justice (DOJ) updated its guidelines for compliance in 2020 to include the use of data analytics, many companies have been contemplating how to integrate analytics into their compliance and audit programs. While Asian regulators are currently less stringent in their guidance, it is highly likely that others will follow suit, and companies both inside and outside Asia need to be prepared.

    In this episode, Angela Mancini, Partner talks to Allanna Rigby, Partner and regional head for Control Risks’ data analytics in EMEA and Asia Pacific on how compliance officers, audit teams and risk teams can embrace the use of data and analytics to adhere to regulations, even when they think that that have “bad data”.

    Interested in our analysis? Visit Our Thinking to learn more.

    For more insights across the Asia-Pacific region, please subscribe to our Asia In Focus podcast.

  • Multiple data leaks in recent years have prompted governments across the region to scrutinise the processing and flow of information within and beyond their societies. As technology adoption surges, regulators are increasingly concerned about the implications for national security – and are building national frameworks on how information is being processed. While China is often emphasised in the headlines, digital sovereignty actually is a broader concern across Asia.

    In this episode, Angela Mancini, Partner talks to Jim Fitzsimmons, head of our APAC Digital Risk team about how companies are affected by this move, and how they can adapt their business models to navigate the ever-changing regulatory landscape across the region.

    Visit our cyber content hub for more analysis on the digital risks companies face.

    For more insights across the Asia-Pacific region, please subscribe to our Asia In Focus podcast.

  • Talk of India’s economic rise has been around for the last decade. Its skilled workforce, coupled with low labour and production costs, makes it an attractive market for investors. India's strategic position also enhances resilience in regional supply chains for neighbouring countries navigating geopolitical tensions. However, there are challenges inherent in this complex market, and businesses often find themselves navigating what feels like many separate nations.

    In this podcast, Angela Mancini, Partner, speaks with Aryaman Bhatnagar and Shikha Kher, Senior Analysts based in our Delhi office to understand how foreign businesses can navigate India’s ever-evolving landscape to be equipped for the promise the country holds.

    Interested in our India analysis? Read our article, India's Modi Operandi: Why the economic gains might trump the social pains to make this India’s decade or contact our India experts for tailored advice.

    For more analysis across the Asia-Pacific region, please subscribe to our Asia In Focus podcast.

  • Thailand held its general elections recently on 14 May, where the opposition beat the incumbent pro-military coalition. Surprisingly, it was the progressive Move Forward Party that emerged as the largest party, not pre-election favourite Pheu Thai. However, forming the government will be a tricky prospect as the incumbent coalition and the Senate could spoil the party for the opposition.

    The people of Thailand have signalled a desire for change – which is by no means a guaranteed outcome – but investors should already be preparing for the impacts and opportunities to come.

    Angela Mancini, Partner, speaks with Harrison Cheng, Director and South East Asia Lead Analyst to find out how businesses should prepare themselves in the short and medium term.

    For more analysis on Thailand, or visit our South East Asia hub to explore the issues of doing business in one of the world's fastest-growing markets.

    If you are looking for more analysis across the Asia-Pacific region, please subscribe to our Asia In Focus podcast.

  • Thailand will be holding its general elections less than a week, on 14 May. This upcoming election is shaping up to be the most competitive one since 2011. In the past, elections have almost always favoured the current opposition party Pheu Thai led by former premier Thaksin Shinawatra. Now, Thaksin – more specifically his daughter – is now back in the spotlight as Pheu Thai tries to repeat its electoral feats of the past.

    Will this election produce political stability, and free up the government from military rule to focus on economic transformation, or will there be a return of large-scale demonstrations in Bangkok like in 2013-14?

    Angela Mancini, Partner, speaks with Harrison Cheng, Director and South East Asia Lead Analyst to find out what all these mean for foreign investors.

    Read our article Geopolitical sanctuary: Thailand’s upcoming election and investment opportunities for more analysis on Thailand, or visit our to explore the issues of doing business in one of the world's fastest-growing markets.

    If you are looking for more analysis across the Asia-Pacific region, please subscribe to our Asia In Focus podcast.

  • The Communist Party of Vietnam has been on an aggressive anti-corruption drive. Earlier this year, in a move unprecedented in recent Vietnamese political history, three key national leaders including the ex-president were forced to step down on charges of corruption.

    The campaign, commonly described as the ‘burning furnace’, has mainly affected the real estate, healthcare and banking sectors, but there are concerns that other sectors will come under heat.

    Angela Mancini, Partner, speaks with Linh Nguyen, Associate Director and Lead Vietnam Analyst on what anti-corruption drive means for businesses with exposure in Vietnam. They also discuss whether the Vietnamese economy will be affected by external factors such as the re-opening of China, the banking crisis in the West, and if there is a silver lining for investors in all of this turbulence.

    Watch the on-demand recording of our webinar, Power, Politics, Potential: The new realities of doing business in Vietnam or listen to our podcast episode, Vietnam: Immense opportunities in a complex market for more in-depth analysis.

    If you are looking for more analysis across the Asia-Pacific region, please subscribe to our Asia In Focus podcast.

  • China’s reopening after three years of zero-COVID policy has been one of the most discussed topics for international companies recently. The policy shift spurred hopes of a broad economic revival. With pent-up demand being released, China saw a strong rebound in consumption in January, directed at sectors like tourism and retail. Business activity is also picking up, something that can be seen in the surge of global CEOs traveling to China. Despite signs of improvement, China's prospects for future growth are far from certain. Long-standing and emerging issues continue to pose risks to business operations.

    Join Angela Mancini, Partner, as she talks with Kent D. Kedl, Partner and Head of Greater China and North Asia, and Yifei Zhang, General Manager of East China. They discuss the most recent developments in China after an about-turn in its zero-COVID policy, the outlook for the country in 2023, the key issues at the top of the agenda for many of our clients right now, and how businesses should correctly calibrate their risk vs. opportunity lens to derive the maximum value from China’s opening up.

    Read our article on the good, the bad and the uncertain on China’s growth outlook, or visit our China Business page to explore the issues of doing business in one of the world's most dynamic market.

    If you are looking for more analysis across the Asia-Pacific region, please subscribe to our Asia In Focus podcast.

  • Few National Congresses of the Communist Party of China (CPC) in history seem to have generated as much global media attention and market response as this year’s, underscoring how business is increasingly driven by politics. Companies are concerned about how China's political trajectory and business environment will evolve over the next five years or more. Have the fundamentals of China's long-term growth changed?

    Join the discussion between Angela Mancini, Partner, and Andrew Gilholm, Director of Analysis for China and North Asia. They discuss the outcomes of the CPC National Congress, the short-term market reaction, the outlook for China, and key takeaways for businesses.

    Read our article on the CPC National Congress for more insights about this significant political event, or subscribe to our Asia In Focus podcast series to keep track of dynamics in the Asia market.

    If you are looking for more analysis on other issues from our experts all over the world, please visit the Our Thinking section on Control Risks’ website.

  • The Pacific Islands are gaining attention amid the great power rivalry. All sides are stepping up their engagement with the region to expand influence. But the Pacific islands are not just pawns in the geopolitical contest – they are taking it as a chance to promote their own agenda, which may lead to new interest from businesses.

    Angela Mancini, Partner, has a talk with Daniel Rechtschaffen, Analyst, and Harrison Cheng, Director. They discuss the growth of big powers’ presence in the region in the past years, the view from Pacific Island nations and the key priorities and areas they would like to address, and the opportunities and challenges that lie ahead for companies.

    For more discussions on the Asia market, please subscribe to our Asia In Focus podcast series.

    If you are looking for more analysis on other issues from our experts all over the world, please visit Control Risks’ Our Thinking section.

  • Sri Lanka still faces political uncertainty and deep economic turmoil. Global attention remains on the country. Economies with the potential for similar issues see its plans to manage debt with international creditors and set for IMF bailout to be replicable, and – despite the challenges – there are still opportunities in Sri Lanka for international businesses.

    Join Angela Mancini, Partner, as she talks with Steve Wilford, Partner based in Singapore, and Khalid Bashir Shah, Analyst based in Delhi. They discuss the most recent developments in Sri Lanka and its outlook, what the country’s trajectory means for similar economies, and how companies should learn from the crisis to harness opportunities in key industries and mitigate risks.

    For more discussions on the Asia market, please subscribe to our Asia In Focus podcast series.

    If you are looking for more analysis on other issues from our experts all over the world, please visit Control Risks’ Our Thinking section.

  • The imprisonment of Malaysia's former Prime Minister Najib Razak made headlines recently. The scandal tied directly to him is not just a personal blow, but also affects the prospects of the United Malays National Organisation (UMNO), Malaysia’s leading political party. While political stability is a perennial issue in Malaysia, it remains a well-placed investment destination for companies looking for opportunities, especially in the sectors that are on the rise.

    Listen here as Angela Mancini, Partner, and Harrison Cheng, Director, discuss the impacts of Najib’s jailing on Malaysia’s political spectrum and governance standards as the 2023 elections approach. They will look at the country’s investment climate and the promising industries, as well as the key challenges for investors and operators.

    For more discussions on South-East Asia, please listen to our podcasts about Vietnam and the supply chain diversification.

    If you are looking for more analysis on other issues from our experts all over the world, please visit Control Risks’ Our Thinking section.

  • A few weeks after Nancy Pelosi’s visit to Taiwan, media attention started to dwindle, but the ripple effect is long-lasting. Pelosi's trip may have ushered in a new normal of increased US-China tensions, growing actions and countermeasures around Taiwan and more broadly, and a deepening dilemma for businesses. From security to supply chain, the risk exposure is greater than what companies may have expected.

    Please join Angela Mancini, Partner, as she talks with Andrew Gilholm, Director of Analysis for China and North Asia, on the outlook of the regional and global impacts following Pelosi’s visit, the top issues faced by businesses in the long term, and what organisations should do to mitigate existing and emerging risks.

    For more written analysis around this, read our article on the various geopolitical flashpoints in the Northeast Asia region.

    If you are looking for more analysis on other issues from our experts all over the world, please visit Control Risks’ Our Thinking section.

  • Despite the global headwinds, Vietnam continues to offer a strong value proposition for investors, and has continued to attract keen investor interest with its strong growth story. However, Vietnam is also known for its opaque regulatory and political landscape.

    Join Angela Mancini, Partner, as she discusses with Stephen Norris, Partner and lead analyst for Southeast Asia, and Linh Nguyen, Associate Director, about the challenges that foreign companies face in the country, what they should be doing to mitigate those risks, the opportunities and growth sectors that lie ahead, and finally, can Vietnam really replace China in global supply chains?

    Read our article on the great supply chain relocation where we explained how companies can expand operations into Southeast Asia in light of China’s COVID-19-related disruptions, or listen to our discussion on this topic in our podcast episode, The future of the global supply chain: China and South-East Asia.

    If you are looking for more of such analysis and insights from our experts all over the world, please visit Our Thinking section.

  • Rising concerns in the context of geopolitical tensions and COVID-19 have intensified the focus on global supply chains. Judging by the numerous headlines and discussions about diversification from China to South-East Asia, it would appear that the supply chain landscape is in the process of being completely reshaped. But in fact, many businesses underestimate not only how reliant on China their supply chains are, but also the operational challenges in South-East Asia, a region known for its diversity.

    Angela Mancini, Partner, speaks with Julia Coym, Director based in Shanghai, and Harrison Cheng, Associate Director based in Singapore. Referring to field observations and experience in supporting clients, they discuss the changing supply chain landscape in China, the opportunities and risks of running supply chains in South-East Asia, and what businesses should be considering no matter which market they will focus on in the future.

    Read further analysis here on the great supply chain relocation.

    If you are looking for more of such analysis and insights from our experts all over the world, please visit Our Thinking section.

  • Over the past few months, China's COVID control measures - as highlighted by the Shanghai lockdown - have not only created new operational disruptions for companies, but also amplified the underlying and long standing challenges of operating in China. With life now returning to normal in Shanghai, it’s time for companies to shift their focus from short-term COVID response to the longer-term challenges of doing business in China.

    Angela Mancini, Partner, and Yifei Zhang, General Manager for East China, discuss the lessons that should be learnt from the Shanghai lockdown, the prospects of China’s next zero-COVID chapter, and what organisations should focus on and prepare for right now.

    Read further analysis here on the impacts of China lockdowns.

    If you are looking for more of such analysis and insights from our experts all over the world, please visit Our Thinking section.

  • US president Joe Biden’s inaugural trip to Asia reflects an acceleration in geopolitical shifts in recent years. With geopolitics increasingly reshaping the regional environment, how will business be affected by these changes?

    Angela Mancini, Partner, speaks to Andrew Gilholm, Principal and Director of Analysis for Greater China and North Asia. They discuss the big-picture significance of the visit, the future of the flashpoints in the region, and what business should do to strengthen resilience against the potential risks.

    Read further analysis here on the updated geopolitical landscape in Northeast Asia.

    If you are looking for more of such analysis and insights from our experts all over the world, please visit Our Thinking section.

  • The recent Philippine presidential election saw Ferdinand “Bongbong” Marcos, Jr – the son and namesake of the late long-time dictator – winning convincingly by a landslide, but what does this mean for the Philippines and for businesses in the country?

    Join Angela Mancini, Partner, as she discusses with Dereck Aw, Senior Analyst and lead analyst for the Philippines, and Charlie Warren, Partner and Head of Business Intelligence for Southeast Asia, about the impact of this election outcome, the concerns of businesses and investors on the ground, how business outlook might change, and what businesses should be considering right now.

    Read more about what Dereck has written in his analysis about the Philippine election, from which much of the conversation in this podcast is based on.

    If you are looking for more of such analysis and insights from our experts all over the world, please visit Our Thinking section.