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Tuesday, October 15, 2019

Tag: economic growth

Bank Negara expected to hold key interest rate

Of the 24 economists in a Bloomberg survey, 16 are forecasting the benchmark interest rate will stay at 3%, while eight project a 25 basis-point cut.

World Bank forecasts Indonesia’s economy growing below 5%

The World Bank presentation shows a growth forecast of 4.9% for next year which is lower than current projections of 5.2%.

S.Korea’s 2019 growth likely to miss lowered target

South Korea's central bank forecast this year’s growth would reach just 2.2%, down from 2.7% in 2018.

Indonesia surprises with second rate cut to support growth

Indonesia is using a mix of monetary and fiscal policy to stimulate Southeast Asia’s biggest economy after growth slowed to a two-year low in the second quarter.

Ringgit opens slightly higher today

The ringgit performed stronger today resulting from a second-quarter economic growth of 4.9% from 4.5% in the first-quarter of 2019.

Jokowi eyes highest Indonesia growth since 2013 amid risks

Southeast Asia’s largest economy is forecast to grow 5.3% next year.

GDP grew 4.9% in Q2

Headline inflation meanwhile increased to 1.5% in June 2019.

IMF warns increasing US tariffs could harm China’s growth

In an intensifying trade war, US tariffs on China imports could take a huge toll on its economic growth.

China’s industrial profits decline as economy weakens

China's economic growth has slowed to its weakest since 1992 as profits from its industrial companies decreased.

Singapore spending big to future-proof slowing economy

Caught in a shift in global trade and technological change, Singapore is pouring money into ideas that could redefine the way cities are built and run.

Odds of Singapore monetary policy easing may see bond yields go...

The counter-intuitive relationship between monetary policy and borrowing costs is due to how Singapore’s central bank seeks to guide the economy.

Developing Asia set to meet growth outlook despite trade war

Developing Asia, a group of 45 countries in the Asia-Pacific region, is still expected to grow 5.7% this year and 5.6% next year.

China’s growth slides to weakest pace in almost 30 years

The slowdown underlines the pressure that Chinese policymakers face as they attempt to negotiate a deal with the US.

Boris Johnson willing to borrow more for big infrastructure

Boris Johnson hopes to increase government borrowing for the construction of great infrastructure projects thus spurring economic growth in Britain.

Singapore to review 2019 growth call as trade war spreads

The government and central bank are reviewing their growth projection range of 1.5% to 2.5% for this year.

US-China trade war to benefit Malaysia? Not so fast, says ex-Chinese...

Ruan Zongze says the assumption that Malaysia can capitalise on the friction between the two countries is an inaccurate assessment.

Saudi Arabia’s central bank warns global slowdown may hit growth

The main risk for the Saudi economy comes from its exposure to the global oil market.

Indonesia has a US$412 billion plan to rebuild the country

Indonesia is drafting up ambitious plans to reinvigorate the country's economic infrastructure via multiple construction and transportation projects that total up to over US$400 billion.

ECRL will contribute 2.7% to growth, says MIDF Research

It says the railway project will result in economic expansion through job creation and opening up of new growth areas.

World Bank sees 4.7% growth for economy in 2019

Lead economist Richard Record says the country's fundamentals are sound.

Yen’s outlook worsens as traders turn bearish, outflows increase

The economic growth in Japan is said to be slowing thus resulting in the falling of the yen.

Thai central bank can afford to ‘pause’ on policy

While any delay in forming a government could affect investor confidence and some investment projects, it would not have much impact on Thailand's economic policy.

IMF: China right to aim to boost consumption

In response to slowing growth amid the trade friction with the US, policymakers said they would lower taxes, reduce fees and streamline red tape.

Australia’s economy slows ahead of election

Prime Minister Scott Morrison warns Australians choosing the centre-left Labour party would spell an end to 28 years of continuous growth.