HIGHLIGHTS 2Q18 GDP (revised) The revised 2Q18 GDP data was marginally higher at 3.9% yoy on improved growth in the export-oriented manufacturing sector. Domestic demand strengthened on account of higher capex in transport equipment
HIGHLIGHTS August MPC meeting The BOT left the benchmark interest rate intact at 1.50% by a vote of six to one. Official GDP forecasts continue to rise amid strong data in 1H18, with the
HIGHLIGHTS Consumers to reap the benefits of a (likely) people centric budget Consumers stand to gain the most from the shift in budget focus to favour boosting household purchasing power during an election year.
HIGHLIGHTS 2Q18 GDP growth: Better-than-expected 2Q18 GDP came in above expectations at 5.3% yoy, the strongest pace since 4Q13. Seasonal factors i.e. delay in harvest season to 2Q18 and the Eid al-Fitr celebrations, as
HIGHLIGHTS June 2018 trade Trade surplus surprised on the downside on strong acceleration in gross import growth, and weaker-than-expected expansion in gross exports. Taxable goods and services shrink from 60% of CPI basket under
HIGHLIGHTS July 2018 CPI inflation Headline inflation edged up to 3.2% yoy in July, as accelerating food and core inflation was mitigated by the slower gain in administered prices. Rising input costs as a
HIGHLIGHTS Macro snapshot Despite strong current account gains due to healthier net inflows in the services and income accounts in June, overall BOP weakened due to greater financial outflows. Farm incomes grew at a
HIGHLIGHTS June industrial production IPI expanded at a slower pace of 7.4% yoy in June, due to subdued growth in the electronics, chemicals and biomedical clusters. Cumulative manufacturing growth (+10.2% yoy in April-June vs.
HIGHLIGHTS Dusting off the old playbook for SST 2.0 Sales Tax rates of 5% and 10%, and Service Tax of 6% proposed under SST 2.0. Taxable goods and services shrink from 60% of CPI
HIGHLIGHTS No revision to State Budget 2018 (APBN 2018) With 1H18 fiscal deficit remaining healthy at -0.75% of GDP (vs. full-year target of 2.19% of GDP), the government has decided not to revise its