Economy
China’s manufacturing PMI grows to 49.9 in August
HSBC says this is the first time it rose in three months.
China’s manufacturing PMI grows to 49.9 in August
HSBC says this is the first time it rose in three months.
Government reports $2.2b deficit
Cited as the main reason are some major types of revenue mostly received towards the end of a financial year.
Korea’s industrial production rises 3.8% in July
Morgan Stanley says production activities were affected by the holidays, and possibly by the heavy rainfall in the month.
India’s GDP eases to 7.7% in Q1-FY12
Consumer demand slowed dramatically with private consumption growth dropping to 6.3%.
Exports, imports values up
Value of total goods exports increased 9.3% while value of goods imports jumped 10.2% compared to July 2010.
Asia’s GDP growth to slow down to 6.9%
UBS says growth of small Asian economies will likely ease towards 3% next year.
Warning: Inflationary pressures to run high for a while longer
That is unless households start to react to rising prices and rein back in spending, according to an economist.
Inflation feared to reach 8% in August
With inflation accelerating to the fastest pace since 1995, an economist forecasts inflation to average 7.8 percent in the second half of 2011.
China’s flash manufacturing PMI rises to 49.8% in August
HSBC says recent export growth was strong, with shipments expanding by 22% y-o-y in 2Q.
Pace of inflation the fastest since 1995
An economist described the headline CPI figure for July as “pretty scary”.
Consumer prices up 7.9% in July
Good news is electricity, gas and water prices went down mainly due to the Government's electricity charge subsidy.
“Stay calm”: Professor KC Chan
The Secretary for Financial Services & the Treasury said this amidst the European debt crisis and a seemingly looming recession in the US.
Scheme $6,000 forms now available for download
Registration forms can also be obtained from more than 1,100 branches of the 21 participating banks.
Hong Kong’s inflation may have surged to 8.6% in July
Standard Chartered says inflation will continue its seasonal uptrend from August onwards.
China’s outbound M&A deal activity up 14%
There has been no sign that the country’s interest in outbound M&A is waning as analysts expect more number of big deals in 2H2011.
Hong Kong’s Treasury chief: Asian markets are healthier
For Prof Chan, market fluctuations in the US and Europe were caused by worries of recession and debt-settlement issues.
Tourist arrivals in Hong Kong surge 14.1% in 1H11
DBS says this is the highest half-yearly figure ever recorded.
Read Here
Advertise
Sign Up
