Asia
Foreign banks to be allowed up to 90% share in Indonesia local banks
But approval will be selective, according to the Deputy Governor of Bank Indonesia, Muliaman Hadad.
Foreign banks to be allowed up to 90% share in Indonesia local banks
But approval will be selective, according to the Deputy Governor of Bank Indonesia, Muliaman Hadad.
High inflation and low GDP growth worsens outlook in Taiwan
Hikes in fuel and electricity prices led to a CPI of 1.6%, throwing the Taiwan central bank at a tight juncture between low growth and high inflation.
Retail discounting spreads to smaller China cities
Now even retailers in tinier, less competitive tier-4 cities are heavily discounting their goods as consumer demand remains weak.
Borrowings by self-employed Koreans could threaten bank stability
More Koreans are loaning to pay for their living expenses, with the self-employed incurring much higher debt than households in general.
Asian markets trade in positive territory
The big movers were the Philippines and Indonesia, with other markets gaining around 0.5%.
Bad news ahead for Taiwan
More downgrades by market analysts are expected as exports orders likely to have declined.
Chinese president endorses policy easing
Recent remarks from President Hu backing a broad-based policy easing signals a strong likelihood for new growth-stimulating measures.
HKEx to acquire London Metal Exchange; Maybank Kim Eng thinks it is bad news
There would be negative impact on HKEx’s balance sheet, says the analyst.
India's central bank urges government to stimulate growth
The Reserve Bank of India left the repo rate unchanged at 8% and the cash reserve ratio steady at 4.75% despite market predictions.
Chinese housing prices dip for fifth straight month
43 out of 70 Chinese cities monitored saw their housing prices decline in May, causing an 0.11% aggregrate drop m-o-m.
Indonesia's local mining industry faces monthly loss of US$164m
New ruling on mineral ore exports on top of a 20% tax has led to severe declines in the industry.
Hong Kong inflation in May projected at 4.3%
There is expected easing of inflation measured by the CPI from 4.7% in April.
Malaysia government spends close to US$428m in aid
About 473,928 recipients from low income groups benefited from the government's 1Azam programme, an effort to fight poverty.
Taiwan's GDP growth to fall below official expectations
DBS says export orders data will show that overseas demand has continued to contract for the fifth month in a row.
China could gift Hong Kong with RMB policy easing package
Buzz is building that the mainland might relax RMB daily conversion limits on the eve of Hong Kong's 15th handover anniversary.
Asian markets trade stronger prior to G20 summit
Big movers were Hong Kong and Taiwan markets, followed by Thailand.
Malaysia's government spending to exceed target by 6%
Lower oil revenue looms amid sluggish export demands.
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