Economy

Spending splurge: Korean households spend more than what they earn

Households' gross savings are hence dropping rapidly, which has lasted for too many quarters, says Morgan Stanley.

Spending splurge: Korean households spend more than what they earn

Households' gross savings are hence dropping rapidly, which has lasted for too many quarters, says Morgan Stanley.

China’s local government debt reached RMB 10.7 trillion in 2010

About RMB 9 trillion, or 84% of the total was explicitly taken on or guaranteed by governments.

What could be the next Asian credit growth crisis?

Current slowdown in credit may cause bigger headaches, says Morgan Stanley.

Is China headed for a hard landing?

The country’s PMI slipping to 51.6 in May was a major concern among investors, says HSBC.

Growing pains: Vietnam’s growth falls short at 6.5%

DBS says the country’s inflation will likely register a high 18.6% this year.

Asia Pac loan volume reached $180bn in 1H 2011

And you’ll never guess which country led with a 22% share.

Asia Pac debt markets boom 19% to a record $348.9bn

China led the region with $112.4bn and accounted for 32% of Asia Pacific (ex Japan) DCM volume in 1H 2011.

$400 million to be spent on urban sustainability R&D

This amidst what are said to be increasingly scarcer resources and tighter land constraints.

China meltdown: Will China’s GDP growth drop by more than 30% in 2011?

It is a rare probability event to call, as there have been four such episodes since 1980.

Don’t panic: China’s local debt still ‘manageable’ at RMB 10.7 trn

HSBC says nearly 80% of the total amount were bank loans.

What you need to know about the Asian economy right now

HSBC reports of encouraging data that point to a robust pick-up growth in Asia:

Asian debt toll: Local currency debt surged by a record 7%, or $183.2bn in 2011

This is driven by record issuance in RMB and South Korean won with $94.5bn and $51.2bn respectively.

Asia Pac ETF assets up by 10.9% to US$59.0 Bn in May

In 2011 YTD, the number of ETFs increased by 29.5% with 59 new ETFs launched.

UAE assures protection for Singaporean investors with new rules

Above all else, the agreement fosters non-discriminatory, fair and equitable treatment for Singapore investors and investments in the UAE, and vice...

Manufacturing took some downers in May

Sharp drop in pharmaceutical output caused the 17.5% decline in manufacturing.

GIC executive director Tony Tan resigns

He is also leaving Singapore Press Holdings amidst his plan to run for president.

Inflationary pressures won't ease significantly: HSBC

This amidst robust demand conditions and the tightness of labor markets.