Economy
Philippine exports down 1.7% in July
Philippine exports down 1.7% in July
Even though electronic shipments plunged by 21.3%, all other aspects of exports have been doing well.
India’s industrial production disappoints at 3.3% in July
HSBC blames the volatile capital goods segment for the slower growth in production.
Is the bottom near for Asian economies?
Analyst said it’s difficult to be bullish amidst events in Europe and the US.
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.
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.
Retail industry records biggest rise in business receipts
Boost was from what was described as “vibrant” local consumption demand and tourist spending.
Hong Kong’s second quarter service industries receipts surge
Yet business receipts in import and export trade fell 4.9% and financing (except banking) by 3.9%.
“Hong Kong’s banks are well capitalized”: Nelson Man
He said there is no immediate need for Hong Kong’s banks to raise capital amidst the debt crisis in Europe.
New publication shows Hong Kong's development as a Knowledge-based Economy
Through graphical presentations and succinct commentaries, a publication aims at portraying the development of Hong Kong towards a knowledge-based...
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.
August foreign currency reserves surge by US$600mn
The figure represents about nine times the currency in circulation.
Technical recession looms
With negative real GDP growth in the past two quarters, outlook is bleak especially amidst lower exports to the troubled USA and EU.
Overall inflation forecast to average 5.3% for 2011
It would be the highest since 1997.
India’s core inflation critical at 5.2%
It breached the crucial 5% mark for the first time in 25 months.
GDP contracted by 0.5% in Q2 2011
Blame it on sharp deceleration in the export of goods.
China’s services PMI plunges to 6-year low of 50.6 in August
HSBC says this reflects the effect of property and credit tightening measures.
Hong Kong’s PMI plunges to 47.8 in August
As operating conditions in Hong Kong’s private sector economy deteriorates for the first time in over two years.
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