Economy
Don’t panic, Hong Kong; at least not yet
Don’t panic, Hong Kong; at least not yet
Economist says though contraction is happening faster than in 2008-2009, the support offered by Mainland demand is also higher than previously.
Indonesia’s GDP rises 6.5% in 2Q11
However, inflation pressures are still lurking as August core inflation reached a two-year high of 5.2% y-o-y.
Is Hong Kong heading into a recession?
HSBC says no as local consumption and tourist spending remains buoyant despite the country’s rising inflation.
Hong Kong PMI dropped to 45.9 in September
All sub-indices signaled a cooling of business activity, despite the continued growth of new orders from Mainland China.
India’s GDP up 7.7% in 2Q11
The country’s economy has slowed a little more as private consumption growth eased to 6.3% from 8% in 1Q11.
Hong Kong ranks 15th out of 139 countries in judicial independence in 2010
Secretary for Justice Wong Yan Lung says solid legal system is the key to this success.
Taiwan’s inflation may have risen 1.5% in September
Standard Chartered expects core inflation to trend higher as housing costs rise.
Hong Kong’s GDP may only be 3.3% in 2012, warns analyst
Continued deterioration in external demand is clouding UBS’ 12-month outlook for Hong Kong.
Private consumption up 9.2% in Q2 2011
Seems like a good sign for Hong Kong, as private consumption accounts for 61% of its GDP.
China’s economy to grow 9% in 4Q11 to 2012
The country’s GDP is forecast to grow by 8.8% in 2H2011, as slower growth will be inevitable for China but supported by resilient domestic demand.
Thailand’s inflation rises 4.1% in September
As price pressures broadened to housing, furnishing, recreation and education segments.
India’s inflation eases to 4.6% in September
DBS expects the country’s inflation to fall below 5% for the remaining months of the year as commodity prices have eaed in recent months.
Hong Kong’s inflation eases to 5.7% in August
UBS projects that the country’s inflation will intensify in the coming months, expecting full year 2011 inflation to more than double to 5.5% from...
Thailand’s export volumes grew 1.3% in August
The country’s economy defied expectations as export volumes rose 20% YoY, contrary to the 2.5% drop pencilled in by market analysts.
Korea’s inflation may have slowed to 4.3% in September
However, underlying price pressures will likely remain high, making it difficult for inflation to fall below the 4% mark in the remaining months of...
Hong Kong’s Exchange Fund assets plunge $38b in August
The Monetary Authority announced that total assets of the Exchange Fund amounted to a whopping $2.45t at the end of the month.
China’s manufacturing PMI stable at 49.95 in September
This is a bit better than August’s 49.91, as the slowdown in China's manufacturing sector is showing signs of stabilizing.
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