Singapore: March 2018 trade

18 April, 2018
By Michelle Chia, Economist, CIMB Research and Economic

HIGHLIGHTS March 2018 trade The contraction in non-oil domestic exports (NODX) tapered in Mar (-2.7% yoy) due to shallower declines in electronics and non-electronics shipments. Export momentum is likely to accelerate in April, as

Indonesia: March 2018 trade

17 April, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic

HIGHLIGHTS March 2018 trade Trade balance surprised on the upside in March, as import growth moderated at a faster pace compared to export expansion. O&G was a drag on exports, whereas slowdown in import

Singapore: MAS monetary policy review

17 April, 2018
By Michelle Chia, Economist, CIMB Research and Economic

HIGHLIGHTS MAS monetary policy review MAS has shifted to an appreciation bias for the S$NEER by increasing the slope of the policy band slightly but retaining its width and mid-point. Flash GDP estimates showed

Malaysia: February 2018 industrial production

17 April, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Lim Yee Ping, Economist, CIMB Research

HIGHLIGHTS February 2018 industrial production Malaysia’s Feb IPI expansion of 3.0% yoy missed forecasts, but Jan’s manufacturing output numbers were revised sharply higher due to the rebasing of the index. Output growth moderated broadly

Malaysia: February 2018 trade

9 April, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Lim Yee Ping, Economist, CIMB Research

HIGHLIGHTS February 2018 trade Malaysia’s trade surplus narrowed to RM9.0bn in Feb as exports (-2.0% yoy) and imports (-2.8% yoy) recorded the first contractions in 16 months. While seasonal shutdowns and a high base

Economic Focus: Trade tensions escalate with tit-for-tat tariffs

9 April, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Lim Yee Ping, Economist, CIMB Research and Economics

HIGHLIGHTS Trade tensions escalate with tit-for-tat tariffs The US proposal of 25% tariffs on 1,333 types of imports from China worth US$50bn has been met by retaliatory duties from China on 106 products from

Indonesia: March 2018 CPI inflation

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

HIGHLIGHTS March 2018 CPI inflation Headline inflation accelerated to 3.4% yoy in Mar (3.2% yoy in Feb), in line with our and market expectations. Volatile food inflation surged to a 13-month high, primarily due

Malaysia: BNM Annual Report – Premature to pull back the reins

2 April, 2018
By Michelle Chia, Economist, CIMB Research and Economic and Lim Yee Ping, Economist, CIMB Research

HIGHLIGHTS BNM Annual Report – Premature to pull back the reins BNM’s more optimistic growth forecasts for Malaysia – relative to our numbers and consensus – assumes higher contributions from the private sector and

Malaysia: February 2018 consumer price inflation

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

HIGHLIGHTS February 2018 consumer price inflation Headline inflation eased sharply to 1.4% yoy in Feb, due to diminishing food inflation and deflation in the clothing, transport and communication price indices. Our inflation outlook remains

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.