Growth in East Asia Pacific Likely to Moderate But Still Remain Solid, Says World Bank Report
Region urged to stay the course on structural reform and macroeconomic management
October 5, 2015--East Asia remains one of the main growth drivers of the world economy, accounting for nearly two-fifths of global economic growth, according to a new World Bank report.
Overall, the region is expected to grow 6.5 percent in 2015, moderating slightly from 6.8 percent last year.
view the East Asia Pacific Economic Update, October 2015: Staying the Course
Source: World Bank
Singapore Exchange to offer custom indexes to expand
October 5, 2015--Singapore Exchange will offer custom indexes services as the bourse seeks to broaden its earnings base.
"Offering index services to diversify the market data business is common amongst exchanges," Tinku Gupta, head of market data and connectivity at the exchange said in a statement Monday. "It helps us in attracting new institutional channels."
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Source: straitstimes.com
Japan central bank chief weighs policy easing options
October 5, 2015--When Haruhiko Kuroda faces the press this week the Bank of Japan governor will be under more pressure
than at any time since last October- when the central bank massively expanded its asset purchases.
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Source: FT.com
South Asia Grows Strongly but Fiscal, Financial Weaknesses Remain
October 4, 2015--Economic growth expected to accelerate to 7.4 percent in 2016 from 7 percent in 2015
October 4, 2015--Led by a resilient India, South Asia is expected to maintain its lead as the fastest-growing region in the world, with economic growth forecasted to accelerate from 7 percent in 2015 to 7.4 percent in 2016, a World Bank report said.
According to the twice-a-year South Asia Economic Focus, this positive performance hinges on solid growth in services, domestic consumption, and a gradual rise of investments. Limited exposure to the financial turmoil and an improved external position have given most South Asian countries important policy space.
view the IMF South Asia Economic Focus Fall 2015-Getting Prices Right-The recent disinflation and its implications report
Source: World Bank
Chinese stocks log worst quarter since the financial crisis
September 30, 2015--Asian markets on Wednesday logged one of their worst quarters since the global financial crisis, with the double threat of higher interest rates in the U.S. and China's slowdown unlikely to ease heading into October.
While regional stocks and currencies recovered from Tuesday's steep losses in the last trading day of the quarter, the period was a bruising one for nearly all of Asia’s markets.
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Source: MarketWatch
IMF-Australia: Selected Issues
September 30, 2015--House prices in Australia have increased strongly over the past two decades, including by comparison internationally. Thus house prices are often argued to be overvalued. Many counter-arguments have
been put forward for why such measures are flawed.
We argue that house prices are moderately stronger than consistent with current economic fundamentals, but less than a comparison to historical
or international averages would suggest.
Argument: House prices have risen faster in Australia than in most other countries, suggesting, ceteris paribus, overvaluation
1. Australia's real house prices have risen significantly faster than OECD average over the past two decades. After growing broadly in line with real GDP per capita from 1960-90, Australian real house price inflation picked up sharply in the mid-1990s, exceeding income growth by a wide margin. As a result, the house price-to-income ratio rose sharply, despite the terms-of-trade boom that boosted Australian incomes over the past decade, also exceeding the average increase among OECD countries (Figure 1, panel 2).
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Source: IMF
Initial listing approved (ETF):4 iShares ETFs (BlackRock Japan)
September 29, 2015--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listings of new ETFs managed by "BlackRock Japan Co., Ltd.".
These ETFs will be listed on Tuesday, October 20, 2015.
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Source: Tokyo Stock Exchange, Inc. (TSE)
ETF approvals in Hong Kong 'harder than any jurisdiction'
September 27, 2015--Hong Kong's exchange traded fund market is not growing as fast as it should because of the difficulty in getting products
approved and a lack of sales incentives for distributors, according to Tobias Bland, Hong Kong-based chief executive at Enhanced Investment Products.
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Source: FT.com
Momentum on reforms, inclusive growth can make India the growth engine for global economy, says World Bank Managing Director
September 25, 2015--World Bank Managing Director Sri Mulyani Indrawati, on concluding her three-day visit to India has said that the slowdown of the global economy will not stop India from becoming an economic powerhouse as long as reforms are sustained to ensure the most vulnerable and poor share in prosperity.
Indrawati praised India's strong economic fundamentals and improving investment climate, and encouraged the government to continue its economic reforms, particularly the enactment of the Goods and Services Tax (GST) legislation.
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Source: World Bank
Asia-Pacific: Feeling the Pinch from Lower Commodity Prices
September 23, 2015--Lower commodity prices are hurting revenues in resource-rich Asia-Pacific countries
Sound fiscal regime and improved tax administration capacity can help reduce impact of revenue losses
Fiscal transparency and interagency cooperation also key
Realizing the revenue potential from natural resources has become even more challenging with the recent decline in commodity prices, participants said at a conference for the Asia-Pacific region.
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Source: IMF