Economy
Japan's VAT hike to drag GDP growth to 0-0.5%
Japan's VAT hike to drag GDP growth to 0-0.5%
Higher prices of consumer goods and services will result to consumer spending falling by 3% and will trim GDP growth by 1.8ppt.
Taiwan's industrial production to slip further from 2.4% in June
Domestic trade is also likely to slump as confidence in spending weakened for four straight months.
Japan trade deficit to rocket to ¥443 billion
Blame it on rebound in oil imports, reflecting higher prices and volumes.
Thailand GDP to inch higher to 1.8%-2%
But private consumption will continue to be sluggish as flood-related spending fades.
Chart of the Day: NODX up 5.8% y-o-y in July
It’s a letdown compared to the 6.6% increase in June.
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Singapore NODX stampedes to Asia
Hong Kong, Taiwan and South Korea contributed most to July's NODX growth.
NODX grew a nudge slower in July
It rose just 5.8% from 6.6% in June as non-electronic NODX mellowed.
Singapore sector opportunities
Current biggest business challenges include intense competition and low margins (due to an open economy and liberal trading environment)...
The economics of a Singaporean family
There’s a little bit of an oddball crowd out there in Singapore—the type that considers moving to Johor Bahru.
Malaysia economy jumped 5.4%
Thanks to robust and resilient private consumption rising 8.8%, buoyed by tight labor market and strong income growth.
Korea's unemployment rate dips to a measly 3.1%
Thanks to the robust growth in self-employed workers, the unemployed fell 1 percentage point.
Thailand GDP to jump to 2.8%
But the country has to brace for waves of external demand woes with the lacklustre global economic outlook.
Taiwan GDP pegged at 3.2%
Blame it on sluggish exports in 2Q due to lacklustre global economic performance.
Consumption tax hike to 8% all geared up in Japan
From the current 5%, the tax will gradually climb to 8% in April 2014, then 10% by October 2015.
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Chart of the Day: Electronic NODX up 2.2% in 2Q
Thanks to higher domestic exports of ICs, telecommunications equipment, and disk drives.
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