Heatwaves and wildfires are recurring economic shocks, yet much of traditional fixed income still lacks direct environmental impact at a time when green bonds look increasingly compelling.

Our recent research trip to Manila left us with a constructive view on the Philippines’ monetary policy and a more cautious one on what surrounds it.

Indonesian assets have been priced for a policy problem. Our recent meetings in Jakarta point to an economy that is more resilient, and a policy mix more orthodox, than this year's underperformance suggests.