Emerging Market Links + The Week Ahead (July 21, 2025)

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I am traveling today and into Tuesday - a good time of the year to get out of SE Asia as the annual “haze season” started this weekend. Haze season is the time of the year where forest, peat, etc fires begin in Sumatra and Borneo that blanket the region in an eye/nose irritating haze with respective governments pointing fingers at each other as to who is to blame e.g. Malaysia/Singapore will blame Indonesia who will blame companies listed in and/or owned by the sovereign wealth and other funds or governments of the former countries.

Indonesia has already begun cloud seeding to fight the fires and resulting haze; but until impacted countries take action to hold those responsible accountable (including any listed plantation companies that might be involved), nothing will likely change as haze season is now as endemic to the region as monsoon season…


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Originally posted on: https://emergingmarketskeptic.substack.com/p/emerging-markets-week-july-21-2025