Asia
Chinese flocking to Australia for luxury and leisure
The shorter flights coupled with a wealth of luxury brands and casinos helped push it ahead of Europe as the top tourist destination.
Chinese flocking to Australia for luxury and leisure
The shorter flights coupled with a wealth of luxury brands and casinos helped push it ahead of Europe as the top tourist destination.
China inflation hits 29-month low at 2.2%YoY
Thanks to the 3.8% slowdown in food prices.
Japan cuts lending program by JPY 5trn
The fine tuning of monetary policy should have little impact on the financial markets and the real economy, says DBS.
Philippines' central bank wary of speculative flows
BSP’s tightening of control suggests that it may be worried about the strength of the peso, says DBS.
India fiscal deficit surges by 8.3% in April-May
Effective counter-cyclical policy changes may be too late now.
Policy easing triggers surge in China's new RMB loans
RMB loans rising by 16% to RMB919.8 in June reinforces hopes of economic rebound in H2.
Indonesia downgrades 2012 growth forecast to 6.1-6.5%
The ongoing Eurozone crisis prompted Bank of Indonesia to make downward revision.
India's industrial production growth exceeds market expectations
While this was a positive surprise, says DBS, markets remain depressed viewing the number as too low.
Second rate slash looms in Korea
The expected 2Q12 GDP fall and weak inflation will allow the Bank of Korea to cut rates further below the 3% mark.
Korea surprisingly slashes policy rate by 25bps
GDP is then expected to remain weak in 2H12 at 3.5%.
Thailand's banking system outlook stable, says Moody's
Thai banks have the financial flexibility to withstand a substantial deterioration in asset quality, according to Moody's stress tests.
India production growth suffers
Risks to growth outlook lie to the downside in the near-term, says DBS.
Indonesia money supply jumps by 20.9% in May
Rate cuts unlikely until 2013, says OCBC.
China 2Q12 GDP projected to register 7.9%
Growth momentum has been clearly decelerating in 2Q12, says DBS, as evidenced by dampening external demand and slower fixed asset investment growth.
Malaysia May industrial production soars by 7.6% YoY
The pickup in headline growth outran the 4% estimated growth in exports.
Indonesia's policy rate to stay on hold
The central bank, says DBS, will be striking a balancing act between growth, inflation, outflows, and the rupiah.
India's non-oil imports dip to worsen starting 3Q12
On the other hand, India's trade acounts will be greatly affected by oil price hike as roughly 69% of oil demand is met via imports.
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