Hong Kong: The siege of PolyU

Key sectors: all Key risks: political violence; internal conflict On 26 November a 50-strong group made up of security guards, councillors, Red Cross doctors and university management entered the Polytechnic University (PolyU) campus in Hung Hom to look for the handful of students believed to still be inside, while riot police remained stationed outside....

Bolivia: Legitimacy crisis

Key sectors: all Key risks: policy continuity; political stability; governability; civil unrest Bolivia’s government is facing an unprecedented legitimacy crisis. The fact that Bolivians are increasingly divided as to who has the constitutional right to head the country is testament to the severity of the instability risks to which the country has been exposed...

Saudi Arabia: Will the behemoth Aramco float or flounder?

Key sectors: oil & gas Key risks: business disruption; contract frustration; policy uncertainty On 1 May 2015 Saudi’s oil behemoth and state cornerstone Aramco was placed under the direction of then-deputy crown prince Muhammad bin Salman (MbS). The establishment of ‘Supreme Council of the Saudi Arabian Oil Company’ consolidated Saudi’s economic engine under the...

Indonesia: Flip-flopping its way to EV supremacy

Key sectors: mining; metals Key risks: policy uncertainty; business risks On 28 October the government ordered a temporary immediate ban on exports of unprocessed nickel ore. The move followed reports that several companies had violated export regulations and came as importers scrambled to secure the material ahead of an official ban starting on 1...

Chile: Surprising violence

Key sectors: all Key risks: looting; arson attacks; violent clashes; civil unrest; policy continuity Chile’s latest wave of civil unrest – the largest and most violent since the country’s return to democracy in 1990 – caught many by surprise. The speed at which the security situation devolved since violence flared up on 18 October,...