Economy
China’s services PMI stable at 54.1 in June
China’s services PMI stable at 54.1 in June
For the second quarter as a whole, Mainland service sector activity is expanding at a faster pace than in Q1 when it averaged 51.9.
Asia Pac debt markets jump 26% to a record $368.6b
Asia Pacific corporate issuers raised a record $176.5b, up 38% from last year’s $127.8b.
Asia Pac mergers & acquisitions down 7% from 2H 2010
Cross region outbound volume fell by 19%, according to Dealogic.
“I have tried to do my best”: President S R Nathan
The Head of State is stepping down as he nears turning 87.
Singapore’s inflation inches higher to 4.1%
While GDP growth is expected to hit 6.2%yoy in 2011, according to the latest MAS survey.
Double pay: Inflation set to rise in the Philippines
Surging loan growth and an increase in the repo rate will mean money supply will rise along with inflation.
Asian currencies remain vulnerable
And guess which currency is the most risk on?
Singapore beefs up quality standards via S$20mn funding programme
3 committees have been established to look into standards for emerging areas to keep abreast with changing trends and industry needs.
IE Singapore unlocks business opportunities for Singapore firms in Guangzhou
IE Singapore partners Singbridge International and Guangdong Development District to explore thematic projects at Knowledge City.
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.
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