Indonesia: 3Q18 GDP growth – In line with expectation

14 November, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic

HIGHLIGHTS 3Q18 GDP growth: In line with expectation 3Q18 real GDP growth of 5.2% yoy was supported by investment activity and public consumption whereas net exports remained a drag on GDP growth. We revise

Indonesia: 3Q18 direct investments

7 November, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic

HIGHLIGHTS 3Q18 direct investments Direct investments (DI) fell 5.7% yoy to US$12.5bn in 3Q18 due to a deeper contraction in foreign direct investments (FDI) of 20.2% yoy to US$6.6bn. DI in manufacturing sector was

Malaysia: Economic Focus

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

HIGHLIGHTS Striking the right balance Key elements to watch in Budget 2019: Detailed fiscal framework, spending adjustments and revenue enhancements, like asset sales and taxes. Budget deficit to widen to 3.5-3.7% of GDP in

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