Singapore: September 2018 trade

22 October, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS September 2018 trade NODX jumped to 8.3% yoy in September after a slower gain of 5.0% yoy in August due to sturdier growth in pharmaceuticals and narrower contraction in electronics. MAS raised the

Indonesia: September 2018 CPI inflation

18 October, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic

HIGHLIGHTS September 2018 trade Steeper moderation in import growth led to the turnaround in trade balance to a surplus of US$227m in September, but 3Q18 trade deficit rose to a 5-year high. Weakening Rp/US$

Singapore: MAS monetary policy review

17 October, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS MAS monetary policy review MAS steepened the slope of the S$NEER slightly, while maintaining the width and centre of the policy band, signaling further tightening of monetary policy. The policy decision was underpinned

Malaysia: August 2018 trade

8 October, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Lim Yee Ping, Economist, CIMB Research

HIGHLIGHTS August 2018 trade Trade surplus sank to a 46-month low of RM1.6bn due to weaker non-oil commodity exports and E&E shipments Our 2018 export forecast is lowered to 6.5% to reflect challenging trade

Indonesia: September 2018 CPI inflation

3 October, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic

HIGHLIGHTS September 2018 CPI inflation Headline and core inflation decelerated in September. The headline inflation of 2.9% yoy was at its weakest pace since August 2016. The pass-through effect of a weaker rupiah and

Thailand: Macro snapshot

2 October, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS Macro snapshot External demand retreat weighs on trade surplus and manufacturing activity. Balance of payments surplus and return of foreign portfolio inflows halt 4- month slide in the baht. Constructive growth outlook, budding

Indonesia: September 2018 BI meeting

1 October, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic

HIGHLIGHTS September 2018 BI meeting Bank Indonesia (BI) lifted its policy rate by 25bp after a similar move by the US Federal Reserve (US Fed) overnight. BI to issue guidelines for domestic non-deliverable forward

Vietnam: Growth remains robust

1 October, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS Vietnam: Growth remains robust Vietnam’s economy expanded 7.1% yoy in 1H18 and we forecast GDP growth to be reported at 6.8% yoy for 3Q18. Depreciation pressures on the dong have eased but still

Singapore: August 2018 industrial production

27 September, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS August 2018 industrial production Singapore’s industrial production index (IPI) expanded 3.3% yoy in August The country recorded weaker readings in the electronics, biomedical, petrochemical and transport engineering clusters. We expect MAS to stand

Malaysia: August 2018 consumer price inflation

21 September, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Lim Yee Ping, Economist, CIMB Research

HIGHLIGHTS August 2018 consumer price inflation Inflation slipped to a 42-month low of 0.2% yoy in August, the last month of a tax holiday, before the SST came into effect on 1 September The