Economy
Korea surprisingly slashes policy rate by 25bps
Korea surprisingly slashes policy rate by 25bps
GDP is then expected to remain weak in 2H12 at 3.5%.
Singapore economy to slowdown in last 2 quarters: Moody's
As global crisis looms how did Singapore fare in 1Q12 compared with ASEAN peers?
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.
China’s trade surplus now at US$31.7b
Imports in June slowed more than expected while exports remained steady.
Consumer confidence wanes in Japan
From 40.7 in May, Japan’s consumer confidence index dropped to 40.4 in June.
China imports shrink to 6.3% in June
Exports dropped as well to 11.3%.
Korea 2Q12 net profit to sink 17% lower than expected
Telecom, industrial and basic material sectors are foreseen to perform badly in 2Q12, Nomura said.
India's 23% rupee plunge to suffer further dip
Growth in the quarter was already the weakest for the last nine years, marked by a contraction in manufacturing output.
Indonesia exports woes intensify
Foreign ownership of government bonds also dipped to 28.5% from 35% total outstanding bonds.
Malaysia's industrial production index for May forecast to report 5.3% rise
Output level, however, has been falling for two consecutive months and DBS believes that is more telling than the headline number as far as current...
Slowdown not changing Korea's policy
The Bank of Korea, says DBS, would prefer to monitor the latest development in global economy before making any key adjustments to domestic policy.
Dependent privileges lowered for work pass holders
Various pass holders may no longer bring parents, parents-in-law or sponsor the stay of spouses and children if earning below $4,000.
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