Indonesia: Fiscal impact for maintaining subsidised fuel and electricity prices

27 March, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic |

HIGHLIGHTS Fiscal impact for maintaining subsidised fuel and electricity prices Government plans to keep current fuel and electricity prices unchanged until end2019, and raise per litre subsidy for solar diesel from Rp500 to Rp700-1,000.

Singapore: February 2018 trade

27 March, 2018
By Michelle Chia, Economist, CIMB Research and Economic |

HIGHLIGHTS February 2018 trade Non-oil domestic exports (NODX) declined in Feb (-5.9% yoy vs. +12.9% yoy in Jan) on the back of weaker electronics and non-electronics shipments. Spillovers from US tariffs are contained so

Indonesia: February 2018 trade

27 March, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic |

HIGHLIGHTS February 2018 trade The trade deficit narrowed to US$116m in Feb on the back of stronger export growth (+11.8% yoy in Feb vs. +8.6% yoy in Jan). Mining was the key driver of

Malaysia: Mar Monetary Policy Committee meeting – A dovish posture

27 March, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Lim Yee Ping, Economist, CIMB Research |

HIGHLIGHTS Mar Monetary Policy Committee meeting – A dovish posture Malaysia’s Overnight Policy Rate (OPR) was left unchanged at 3.25% on 7 March 2018, following the 25bp hike in Jan. BNM remained upbeat about

Indonesia: February 2018 CPI inflation

27 March, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic |

HIGHLIGHTS February 2018 CPI inflation Headline inflation eased slightly in Feb (3.2% yoy vs. 3.3% yoy in Jan) as higher volatile food prices were mitigated by a moderation in administered price inflation. Rice imports

Thailand: January macro snapshot

26 March, 2018
By Michelle Chia, Economist, CIMB Research and Economic |

HIGHLIGHTS January macro snapshot Manufacturing activity took a breather in Jan (+3.4% yoy) after strong gains in Dec, but the opposite was true for export growth, which romped to a five-year high. A strong

Malaysia: January 2018 consumer price inflation

26 March, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Lim Yee Ping, Economist, CIMB Research |

Originally published by CIMB Research and Economics on 28 February 2018. HIGHLIGHTS January 2018 consumer price inflation Headline inflation eased sharply to 2.7% yoy in Jan (+3.5% yoy in Dec) largely due to lower

Singapore: Budget FY2018 – Playing the long game

26 March, 2018
By Michelle Chia, Economist, CIMB Research and Economic |

Originally published by CIMB Research and Economics on 20 February 2018. HIGHLIGHTS Budget FY2018: Playing the long game A widely anticipated GST hike is likely to occur sometime in 2021-25, which would lift the

Indonesia: February 2018 Bank Indonesia meeting

26 March, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic |

Originally published by CIMB Research and Economics on 19 February 2018. HIGHLIGHTS February 2018 Bank Indonesia meeting Bank Indonesia left the 7-day Reverse Repo Rate unchanged at 4.25% and reiterated that the previous rate

Indonesia: 4Q17 balance of payments

26 March, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic |

Originally published by CIMB Research and Economics on 19 February 2018. HIGHLIGHTS 4Q17 balance of payments The current account deficit (CAD) widened to US$5.8bn or -2.2% of GDP in 4Q17 as lower primary income