World Bank-South Asia Could Potentially Benefit from Globalization Backlash
April 16, 2017--Despite possible protectionism, the fastest-growing region in the world has an opportunity to increase exports and create jobs
Possible protectionism in advanced economies should not deter export-oriented growth in South Asia, a region that could even benefit from the backlash against globalization, a new World Bank report said today. The report also confirms that South Asia remains the fastest-growing region in the world, gradually widening its lead relative to East Asia. Regional GDP growth is expected to rise from 6.7 percent in 2016 to 6.8 percent in 2017, and 7.1 percent in 2018.
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Source: World Bank
China's private sector fixed-asset investment accelerates
April 14, 2017--China's fixed-asset investment grew by 8.9 percent year-on-year to 4.13 trillion yuan in the first two months of this year, up from 8.1 percent in 2016, the National Bureau of Statistics said.
Fixed-asset investment includes capital spent on infrastructure, property, machinery and other physical assets. Investment by state-owned enterprises climbed by 14.4 percent on-year.
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Source: thestandard.com.hk
World Bank: Growth in East Asia & Pacific Likely to Remain Resilient
April 13, 2017--April 13, 2017--Report recommends that policy makers continue to address macroeconomic vulnerabilities,
improve quality of public spending and promote integration to help the region sustain resilience.
The outlook for developing East Asia is expected to remain broadly positive in the next three years, driven by robust domestic demand and a gradual recovery in the global economy and commodity prices, according to a new World Bank report.
Poverty in the region is likely to continue to fall, driven by sustained growth and rising labor incomes.
The global environment and domestic vulnerabilities, however, still pose risks to the region's prospects.
view the World Bank report-East Asia and Pacific Economic Update, April 2017: Sustaining Resilience
Source: World Bank
Philippine economy likely to grow close to 7 percent in next three years
April 11, 2017--Strong, inclusive growth is projected to speed up the pace of poverty reduction
The Philippines is likely to grow close to 7 percent in the next two to three years, and will remain a top performer in the East Asia and Pacific Region, according to the World Bank Philippines Economic Update released today.
"Strong growth in recent years has been accompanied by job creation and a declining number of people living in extreme poverty," said World Bank Country Director Mara K. Warwick."That means growth is becoming more inclusive."
view the World Bank report-Philippines Economic Update : Advancing the Investment Agenda
Source: World Bank
STOXX ASEAN Select Dividend 30 Index to underlie exchange-traded fund in Singapore
April 5, 2017--STOXX Ltd., the operator of Deutsche Böerse Group's index business, and a global provider of innovative and tradable index concepts, today announced that an ETF based on the STOXX ASEAN Select Dividend 30 Index has been tradeable on the Singapore Stock Exchange (SGX) since Tuesday.
The index is licensed to One AM, Thailand's largest equity ETF issuer and leading asset management company wholly owned by KGI Securities (Thailand) PLC. "Dividend investing has become an important source of yield in this low interest rate environment. The STOXX ASEAN Select Dividend 30 Index allows market participants to invest in companies with high dividend payouts from six member states of the Association of Southeast Asian Nations, a high growth region. It is the first time ever that an ASEAN dividend ETF has been issued. We are delighted that ONE AM has chosen this innovative smart-beta strategy index to mark their first ETF listing under the ASEAN collection fund scheme (CIS) in Singapore," said Matteo Andreetto, chief executive officer, STOXX Limited."
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Source: Deutsche Börse
Bassanese Bites: ASX breaks its range
April 2, 2017--The Week in Review
The key global development last week was solid US economic data in the form of a surge in consumer confidence and a modest upward revision to Q3 GDP.
This helped support equity markets and the $US as the disappointment regarding President Trump's failure to pass healthcare reforms started to wane. Bond yields remained steady, however, as Fed officials continued to give conflicting signals on the outlook for rates-the market still sees a Fed hike by end-June as only a 50-50 chance.
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Source: BetaShares
PBOC: Capital Flow Management Crucial To Economic Balance
March 30, 2017--Urges 3-Pronged Approach And Policy Coordination
China should conduct a certain level of macro-prudential management in a bid to deal with risks caused by cross-border capital flows, the People's Bank of China (PBOC) said in a working report on Thursday, noting that even if the yuan exchange rate were allowed to float freely, "relevant management" would still be necessary.
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Source: mninews.marketnews.com
Stronger global growth and commodity prices contribute to faster economic growth for Indonesia in 2017
March 22, 2017--Stronger global economic growth and continued gains in commodity prices are helping to drive up Indonesia's economic growth forecast to 5.2 percent this year from 5.0 percent in 2016.
Global policy uncertainty and fiscal dynamics pose downside risks, according to a new World Bank report released today.
The report says the fundamentals of the Indonesian economy remain strong, with robust economic growth, a low current account deficit and unemployment, a conservative government deficit and inflation at a record low.
view the Indonesia Economic Quarterly-Staying the Course
Source: World Bank
E Fund and Yuanta partner for inverse ETF
March 20, 2017--The two firms partnered to launch in Hong Kong an inverse ETF tracking the Hang Seng Index, following four other issuers.
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Source: fundselectorasia.com
China, following Fed, lifts short-term rates to steady yuan, battle debt
March 17, 2017--China's central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U.S. rates overnight.
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Source: Reuters
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