Singapore: MAS monetary policy review

16 April, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS MAS monetary policy review MAS kept its monetary policy stance unchanged today as real GDP growth eased to 1.3% yoy in 1Q19 amid accelerating headwinds in manufacturing MAS expects 2019F GDP growth slightly

Malaysia: February 2019 industrial production

12 April, 2019

HIGHLIGHTS February 2019 industrial production IPI growth undershot expectations at 1.7% yoy in February While slower growth in manufacturing growth tallied with our expectations, the 5% contraction in mining output threw our forecasts off

Vietnam: 1Q19 GDP – resilient growth

8 April, 2019

HIGHLIGHTS Inflation to tick-up but stay manageable Vietnam registered a trade deficit of US$768m in February due to negative growth of 3.3% in exports. An upswing in domestic manufacturing compensated for the setback in

Thailand: Macro snapshot

2 April, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS Macro snapshot Thailand’s trade balance came in healthier at a surplus of US$3.5bn in February as a result of a sharp contraction in imports Better-than-expected election results for pro-junta coalition raises likelihood of

Singapore: February 2019 industrial production

27 March, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS February 2019 industrial production Industrial output rose by 0.7% yoy in February on gains in biomedical, and slower declines in electronics and precision engineering. Notably, January’s readings were revised from -3.1% yoy to

Thailand: March Monetary Policy Committee meeting

25 March, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS March Monetary Policy Committee meeting BOT unanimously voted to keep the policy interest rate unchanged at 1.75%. Hawks in MPC folded as BOT downgraded GDP growth and core inflation outlook in 2019, signalling

Indonesia: February 2019 trade

18 March, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic

HIGHLIGHTS February 2019 trade The trade balance swung into a surplus of US$330m in February amid a steeper contraction in imports relative to exports. February’s rebound lowered cumulative trade deficit to US$734m in 2M19

Malaysia: January 2019 industrial production

15 March, 2019

HIGHLIGHTS January 2019 industrial production IPI growth beat expectations at 3.2% yoy in January, as a jump in electricity output and resilient manufacturing production offset declining mining output. While the downturn in E&E growth

Vietnam: Inflation to tick-up but stay manageable

8 March, 2019

HIGHLIGHTS Inflation to tick-up but stay manageable Decreasing pork prices could temper the pace of food price inflation. The hike in electricity prices by 8.3% in March 2019 could add 0.3% to headline inflation,

Malaysia: January 2019 trade

5 March, 2019

HIGHLIGHTS January 2019 trade Malaysia registered a larger trade surplus of RM11.5bn in Jan as the expansion in exports was greater than the growth in imports. External headwinds took a toll on manufactured exports,