Request a demo   
11 September 2017
FROM THE CEO OF EMIS
Away from the devastation wrought by hurricanes and earthquakes in the Caribbean and Mexico last week, a disaster that was entirely man-made was unfolding in Southeast Asia. Over 160,000 of Myanmar’s Rohingya ethnic minority have sought refuge in Bangladesh bringing with them stories of ethnic cleansing and violent persecution.

The events in Myanmar repeat a pattern witnessed in developing countries all over the world. Ethnic or religious minorities are scapegoated and old scores are settled at a 
terrible human cost. We have seen it too many times in places like Sri Lanka, Rwanda and the Balkans as well as others too numerous to list. The situation in Myanmar appears to have been simmering for a long period, since colonial days in fact. What is additionally disturbing in this case is the reaction of those from whom more ought to be expected.

Aung San Suu Kyi, the Nobel peace prize winner and de facto leader of Myanmar, has been surprisingly weak on the plight of this particular section of the population. She has even gone so far as to dismiss reports of atrocities as fake news. Prime Minister Modi of India also signally failed to exert any pressure on the Myanmar government to take a more humanitarian approach when visiting the country last week.

I have spoken a good deal about China’s growing responsibility to exert a positive international influence. The same expectations should apply to India with its growing political and economic authority. Its reaction to the Myanmar situation indicates a reluctance to take a moral lead in its region and is not the mark of a responsible regional power.

Guy Dunn

P.S. Here are some articles I found on EMIS last week relating to this issue.

INDIA THREATENS 40,000 ROHINGYA REFUGEES WITH DEPORTATION
The Indian government wants to deport over 40,000 Rohingya Muslims who have been living in the country for almost half a decade and have declared them as "illegal immigrants".
   Read more   
ROHINGYA CRISIS: REVOKE AUNG SAN SUU KYI’S NOBEL PEACE PRIZE, DEMANDS PETITION
Petition slams Suu Kyi's silence on the violence committed against Rohingya Muslims, saying only those who are serious about keeping world peace should be awarded the prize.
   Read more   
DEFENCE MINISTRY IS CONCERNED THAT ISLAMIC STATE WILL EXPLOIT ROHINGYA REFUGEES
The Malaysian Defence Ministry is concerned that militant groups such as the Islamic State (IS) could exploit the crisis affecting the Rohingya, who were left "vulnerable and without a choice".
   Read more   
INFOGRAPHIC OF THE WEEK
ARGENTINA BANKING SECTOR REPORT 2017/2018

Since experiencing one of its worst periods during the 2001-2002 economic crisis, Argentina’s banking sector has been recovering. In 2012-2016, loans and deposits grew at CAGRs of 28.7% and 33.8%, respectively. In 2016 alone, the sector’s deposit base expanded by 45.2% y/y, its strongest growth in the last five years, while the banks’ loan portfolio grew by 27.1%. 

   Click to view it full screen   
CEIC DATA POINT OF THE WEEK
CEIC Data is a sister company of EMIS and part of the Euromoney Data Division
CHINA MANUFACTURING PMI RISES AGAIN
China's manufacturing and non-manufacturing PMI moved oppositely in Aug, 2017, of which manufacturing PMI climbed 0.3 ppt to 51.7%, reaching its second highest level this year. 

   Click to view it full screen   
WEEKLY NEWS SUMMARY
Below are the most read articles in the past week on EMIS Perspectives, our daily blog of emerging market news and insights.
    ASIA    
INDIA TO SIGN AN OPEN-SKY MOU WITH JAPAN
India and Japan are set to conclude their open-sky pact, which will enable airlines from both countries to operate as many flights as possible, depending on the availability of slots. 

   Read more   
US COMPANY SET TO ESTABLISH SOLAR POWER PLANTS WORTH $400 MILLION IN LAOS
Convalt Energy LLC, an energy development company based in the United States, has signed a memorandum of understanding (MOU) with the government of the Lao PDR for the possible construction of solar power facilities in the provinces of Attapeu and Borikhamxay.
   Read more   
THAILAND SET TO LAUNCH STANDARDIZED QR CODE PAYMENT SYSTEM
The Bank of Thailandhas worked together with leading financial institutions in the country to launch a standardized QR code payment system in the fourth quarter of 2017 as digital payment continues to gain popularity among consumers over the recent years. 
   Read more   
              LATIN AMERICA              
BRITISH COMPANY TO INVEST $ 1.50BN IN RENEWABLE ENERGY PROJECTS IN MEXICO
British renewable energy company Cubico Sustainable Investments will invest USD 1.50bn in four projects in Mexico with a combined capacity of 1.200 MW, local daily Milenio reported.
   Read more   
BUSINESS CONFIDENCE IN CHILE RISES 0.8PTS M/M TO 43.2PTS IN AUGUST
Chile’s Monthly Business Confidence Indicator (IMCE) increased 0.8pt m/m to 43.2pts in August, CEEMarketWatch reported citing figures from Icare and the Adolfo Ibanez University cited by local news outlet Economia y Negocios.

   Read more   
TEMER TO APPROVE NEW INTEREST RATE MODEL FOR BNDES
The senate approved a new procedure in relation to the interest rates applied by BNDES, country´s national development bank. 

   Read more   
     EMERGING EUROPE     
ROSNEFT AND CEFC CHINA ENERGY TO COOPERATE IN JOINT EXPLORATION IN SIBERIA
Russian oil giant signed a cooperation agreement for joint exploration in eastern and western Siberia with CEFC China Energy conglomerate, CEEMarketWatch reported.

   Read more   
BIGGEST BEEF PRODUCER IN ROMANIA EXPORTS ALL ITS ROMANIAN LIVESTOCK
Dutch-owned Dutch Trading International, the biggest beef cattle raiser in Romania, has all its livestock exported to Europe, the Middle East and Israel, Ziarul Financiar reported.

   Read more   
RUSSIAN GAZPROM LAYS 220 KM OF DEEP-WATER PART OF TURKISH STREAM
Russian gas giant Gazprom has laid 220 km of two threads of the deep-water part of the Turkish Stream gas pipeline, and has also drilled two micro tunnels and pulled through pipes at the Russian landsite, Prime quoted CEO Alexei Miller. 
   Read more   
          MIDDLE EAST & AFRICA          
HEINEKEN LOSES COURT APPEAL AGAINST ITS DISTRIBUTORS IN KENYA, UGANDA AND TANZANIA
Dutch brewer Heineken and its affiliates including Kenya-based Heineken East Africa Import Co Ltd (Heineken EAI), have lost a case filed by their distributors regarding Heineken’s unlawful termination of contract.  

   Read more   
TURKEY’S VODAFONE SMART VILLAGE PROJECT SUCCEEDS IN POTATOES EXPERIMENT
Turkey’s Vodafone Smart Village Project for advanced technology in farming has succeeded in potatoes experiment. The Aegean Agricultural Research Institute harvested 0.5 tons/a of potatoes

   Read more   
UAE CONGLOMERATES SEE PHILIPPINES AS AN ATTRACTIVE INVESTMENT HUB
UAE-based conglomerate Al Ahli Holding Group (AAHG) has expressed interest at expanding its business in the Philippines.


   Read more   
ABOUT EMIS
EMIS operates in and reports on countries where high reward goes hand-in-hand with high risk. We bring you time-sensitive, hard-to-get, relevant news, research and analytical data, peer comparisons and more for over 120 emerging markets. 
   Read more   
EMIS CHARTING TOOL
EMIS CHARTS uses selected data points from the subscription-based EMIS service, to provide you with an interactive overview of sectors, key players and macroeconomic trends across 120+ emerging markets and allows you to create your own charts. 
   Try it out now   
EMIS IN NUMBERS
125
countries 
2M+ 
companies 
58,000
articles per day
235 million
searchable archive 
250
industries 
EMIS VIDEO
SIGN IN HERE
Copyright © 2017 EMIS, all rights reserved.

If you no longer wish to receive marketing from EMIS please click here.

www.euromoneyplc.com 8 Bouverie Street, London EC4Y 8AX, United Kingdom.