Asia
Property price hikes unstoppable in China
As new home prices rose in all 70 cities for the first time this year.
Property price hikes unstoppable in China
As new home prices rose in all 70 cities for the first time this year.
Passenger vehicle sales in Thailand grew 11% in August
This points to continued normalization in production from the supply-chain disruptions following the natural disasters in Japan.
ASEAN growth seen to be domestically driven
Study also shows Indonesia will be the driver of regional growth as Western share of global GDP falls.
Asia Pac telcos stable amid looming 4G investments
Tiered and post-paid pricing plans, coupled with reduced churn, will have a positive credit impact as traffic shifts from voice to data and video applications, says Moody’s.
Testing times: Hard landing looms for Asia Pac economies
But China could maintain its record of high single-digit growth for several years if it steps up its reform program.
India’s inflation alarming at 9.8% in August
The country’s inflation woes clearly won’t go away anytime soon.
Japan’s economy yet to recover from quake
The country’s GDP growth is set to post a mere 1.2% in the second half of 2011, bringing full-year GDP close to 0%.
Philippine exports down 1.7% in July
Even though electronic shipments plunged by 21.3%, all other aspects of exports have been doing well.
Korea’s GDP forecast plummets to 3.8%
But 2012 seems to be a better year ahead with DBS’s 4.1% GDP forecast.
India’s industrial production disappoints at 3.3% in July
HSBC blames the volatile capital goods segment for the slower growth in production.
China’s exports hit a four-month high at 24.5% in August
The country’s imports growth also surged to a seven-month high at 30.2% y-o-y in August.
Outlook for Philippine exports cloudy: DBS
As the export number for July will likely register negative growth of 6.8%, marking the third consecutive month of contraction.
Indonesia beats SE Asian nations with $5.5b worth of mergers and acquisitions
The country leads the SE Asia mergers and acquisitions volume for the first time since 2005 YTD.
China’s industrial production plunges to three-month low of 13.5% in August
Production activities of heavy industries dropped from 14.5% in July to 13.5% in August.
China’s inflation surges 6.2% in August
Food inflation moderated to 13.4%, while nonfood inflation accelerated to 2.9%.
Chinese government debt worrisome at 42.9% of GDP
However, the main problem is that the local government debt is much higher than the central government debt.
Malaysian GDP growth may be lower than the 5-6% forecast
DBS thus expects Bank Negara Malaysia to stick to a steady course and keep the Overnight Policy Rate (OPR) steady at 3.00%.
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