Asia
New spectrum pricing to raise Indian telco tariffs
New spectrum pricing to raise Indian telco tariffs
Punitive prices will force telcos to merge or exit altogether, says Fitch.
Private sector credit in APAC to reach 148% of GDP by end-2012
The rapidly rising leverage will constrain the banks' upward rating momentum, says Fitch.
Indonesia GDP hits better-than-expected 6.4%
Thanks to robust consumption and investment that countered weak net exports.
Taiwan inflation hits new high in July
Headline inflation jumped to 2.5% y/y from 1.8% in June.
Inflation rising to 2.46% takes Taiwan by surprise
Blame it on the nasty weather condition resulting to higher food prices.
Malaysia to suffer MYR 5.2b trade surplus
Import sales are expected to hit a 9.5% rise as exports growth moderates to 3.6%.
Philippine inflation to inch up to 3.1%
Thanks to lower oil prices and well-behaved food prices that brought down healding inflation.
India GDP growth expected to dip to 6.1%
Good news domestic demand is expected to stay robust with a record-low 5.75% policy rate.
Further 25bps rate cut looms in Korea
Inflation rapidly easing to 1.5% provides room for Bank of Korea to cut rates to 3%.
Malaysia’s credit profile in trouble
Deterioration in public debt ratios, low and energy-dependent revenues, and structural weaknesses weigh on Malaysia’s credit profile, warns Fitch.
Australian retail posts strongest rebound in a year
Retail sales rose 1% in June from the previous month, the biggest increase seen since April 2011.
Korea inflation rockets for four straight months
Price hikes edged inflation higher to 2.73% yoy in July compared from June's 2.56%.
Korea exports slip hits three-year low
Blame the 8.8% decline on massive slump in bulk value of ship exports.
Asian PMIs down
The only good news came from Indonesia, whose PMI improved from the previous month and stayed in expansion territory.
Possibility of rate cut in Korea rises
Growth is slowing more than expected while the predicted recovery is being delayed, says DBS.
China's Tianjin office space supply to remain tight
No new prime office building were built in Tianjin in 2Q12 with developers adopting a wait-and-see stance.
Indonesia exports further slumps 16.4%
To make matters worse, trade deficit widens to a whopping $1.3bn.
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