Asia
Asian bourses dragged down by US jobs data
Hong Kong and the Philippines were the biggest losers as at noon of 9 July 2012, down by around 1.5% each.
Asian bourses dragged down by US jobs data
Hong Kong and the Philippines were the biggest losers as at noon of 9 July 2012, down by around 1.5% each.
Japan's account balance deteriorating
The current account registered a surplus of JPY 282bn in May, marking the lowest over the past four months.
Sluggish Taiwan exports persist
June exports came in lower than expected at -3.2% YoY.
Indonesia June consumer confidence index soars to 114.4
Indonesia reached a 5-month high despite 8% slip in May retail sales growth.
Malaysia's May trade surplus sinks to decade-low MYR4.6b
Robust 16.2% growth of imports buoyed the dramatic dip.
Vietnam fuel import tax spikes to 12%
Fuel prices have been reduced but it seems like the government has another strategy in mind.
Indonesia fuel subsidy to more than double in 2H12
Government projects fuel subsidy to swell to $23.1b, raising concerns on deficit target.
Bank of Japan unlikely to revise down assessment of economic outlook
No policy change is expected, says DBS, with BOJ raising its economic view on all regions of the country during the regional economic report for 2Q.
Korea proposes W8.5 trillion to stimulate fiscal spending
Should Korea make a move to cut interest rates too?
Philippines on track to reach economic target
Economic expansion is still on track to reach the government’s target of 5-6% despite an external drag on growth in 2H, says DBS.
Indonesia screws fuel price hike
An adjustment in BI's interest rate might not be necessary with a projected inflation of 5% yoy.
A more sluggish production profile awaits Malaysia
Risk on the industrial production figure is on the downside given the recent deterioration in the global growth outlook, says DBS.
Vietnam businesses struggle with unreasonable loan interest rates
The five-time policy rate cut recently thus seems futile.
Bank of Korea not following suit?
BOK is not expected to follow the ECB and the PBOC to cut rates this week, says DBS.
India healthcare sector to remain robust in 1Q13 at 20%
Consequently, domestic business will surge to a record 4% yoy.
China further slashes lending rate by 31bp
But what came as a major surprise was that banks were allowed to set their lending rate as much as 70% lower than the limit.
Macroeconomic conditions in Taiwan remain unfavorable
Growth should have stayed below potential in 2Q and is expected to continue doing so in 3Q, says DBS.
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