Economy
Crazy inflation to rocket 70% higher than the 30-year historical average
Crazy inflation to rocket 70% higher than the 30-year historical average
High domestic inflation averaging 4.5% in 2012 is here to stay.
Chart of the Day: NODX up, thanks to Hong Kong
Hong Kong was the top contributor to Singapore’s Non-Oil Domestic Export increase in June 2012.
97% of retiring Singaporeans offered re-employment
Virtually all Singaporeans who hit the retirement age of 62 are guaranteed an option for continued work due to the tight labour market.
India's inflation woes "overstated": BofAML
Bank of America Merrill Lynch considers India's inflation as comparable to others in the region but is concerned ongoing monetary tightening is...
Singapore NODX strength faces regional pressure
A prevailing weakness in regional trade could hamper the country's suprisingly robust non-oil domestic exports, says BofAML.
Trading, investment earnings to fall 14% in 2Q12
Blame it on banks raising wholesale funding instruments.
8% of companies to freeze wages
If you want pay raise, go to Singapore-based firms.
Malaysia to increase fiscal spending by 8%
Fiscal deficit would then be above 5% of GDP, said OCBC.
South Korea denies preparing supplementary budget
The Finance Ministry however says the government may delay plans for a balanced budget to 2014.
Philippines GDP forecast to grow by 4.6%
The Philippine government needs to boost spending on infrastructure, education, and health, says the World Bank.
Outlook for Thailand 'clouded by uncertainty'
The outlook ahead, says DBS, is clouded by uncertainty surrounding the Chinese and US economies plus lingering risk of a blowout in Europe.
Taiwan June export orders forecast to be down 0.2%
Sequential growth is likely to remain sluggish, says DBS.
Chart of the Day: Electronic NODX up 1.6% in June 2012
Exports of PCs increased by 51%, says IE Singapore.
Q3 technical recession unlikely but not unthinkable: OCBC
The bank predicts Singapore's Q3 GDP to grow at 2.4% yoy or well clear of the 1.5% technical recession threshold but an Asia-led drag still looms.
Why MAS will stay dovish on monetary policy
Moderating inflation and creeping downside growth risks should convince the central bank to retain or even ease monetary policy, says OCBC.
Indonesia commodity index slumps 20%
Coal and palm oil prices dropped 30% and 16% respectively since 1Q11.
India food inflation inches to 10.8%
Almost all sub-segments of retail inflation continue to register in the 8-11% range.
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