In line with the robust Asian ship finance market, Marine Money Asia has expanded its team and moved into new offices at the Winsland House located at 3 Killiney Road in Singapore. Stepping in as Director will be Marine Money International’s Managing Editor Nora Huvane. Nora will be working with Financial Analyst Rodricks Wong and Sales Manager Teck Wee to coordinate Marine Money Asia’s global activities. Nora brings years of editorial and financial analysis experience with Marine Money to ensure that the Marine Money Asia publication continues to grow and evolve and that Asian ship finance is well-represented in Marine Money’s global publications.
It was only a decade ago when an unexpected financial crisis gripped Asia and pushed the region into recession. Since then, the Asian economies have resumed strong economic growth with the renaissance of China and India. Companies are once again expanding, and stock markets in the region are skyrocketing driven by the influx of foreign capital and optimism over Asia’s future.
While the current sub-prime crisis does pose a downside risk to global economic growth, underlying fundamentals of the Asian economies remain robust and sound. In its latest Global Economic Prospects report, the World Bank estimates the Asia-Pacific region to have grown about 10 percent in 2007, the strongest performance since 1994. Continue Reading