Economy
Chart of the Day: No change for services sector
Chart of the Day: No change for services sector
Guess which industry believes the business climate will be less favourable in the second half of 2012.
Social service salaries hiked by up to 15%
Added remuneration should keep Singapore social service professionals competitively compensated.
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.
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Indonesia exports further slumps 16.4%
To make matters worse, trade deficit widens to a whopping $1.3bn.
India manufacturing index dips to 52.8
Blame it on nasty power outages and depressing export demand said HSBC.
Korea inflation hits twelve-year low
A further 25bp rate cut by the Bank of Korea looms ahead in 3Q12.
China's July PMI down to 50.1
Both new orders and new export orders slowed further to 49 and 46.5 respectively due to still sluggish demand and seasonal effect, says OCBC.
Stagflation looms in Singapore
Here are two charts to prove that Singapore will be home to the weakest growth and one of the highest inflation rates in Southeast Asia.
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Taiwan's Q2 GDP disappoints
The GDP for the second quarter came in lower than expected at -0.2% YoY, says DBS.
Indonesia's export growth forecast to reach -8.0%
The weak growth environment has dampened demand for non-commodity exports, says DBS.
Taiwan contraction raises alarm on rate cuts
GDP for the second quarter of 2012 contracted for the first time since 2009 which could lead its central bank to slash interest rates.
Korea business confidence slumps to four-year low
Blame it on exports and domestic shipments falling sharply with new orders.
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