Economy
Indonesia downgrades 2012 growth forecast to 6.1-6.5%
Indonesia downgrades 2012 growth forecast to 6.1-6.5%
The ongoing Eurozone crisis prompted Bank of Indonesia to make downward revision.
India's industrial production growth exceeds market expectations
While this was a positive surprise, says DBS, markets remain depressed viewing the number as too low.
GDP figures disappoint but no need to panic yet
Second quarter YoY GDP growth of 1.9% is still healthy amidst sluggish global economy and the eurozone crisis, says IG Markets Singapore.
Second rate slash looms in Korea
The expected 2Q12 GDP fall and weak inflation will allow the Bank of Korea to cut rates further below the 3% mark.
Singapore economy hits bleak 1.9% raise
This measly growth is lower than the expected 2.3% expansion.
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.
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