3 September, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS August 2019 CPI inflation Headline inflation quickened to a 20-month high of 3.5% yoy in August, while core inflation increased to 3.3% yoy, the highest since February 2017. Drought, rising gold prices and
27 August, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS July 2019 industrial production Manufacturing weakness abates amid regional semiconductor rebound, and incremental gains in chemicals and transport engineering. Tech output surge to be short-lived as higher US-China tariffs loom from September. The
20 August, 2019
HIGHLIGHTS 2Q19 GDP and current account Malaysia’s GDP growth accelerated to 4.9% yoy in 2Q19, a standout among Asean peers where growth momentum broadly weakened. Private consumption remained the cornerstone of the economy, while
25 June, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS June 2019 BI meeting Bank Indonesia left the 7-Day Reverse Repo Rate (7DRRR) at 6% but decided to lower Rupiah reserve requirement by 50bp, effective 1 July 2019. Dovish turn in global monetary
18 June, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS May 2019 trade NODX slumped 15.9% yoy in May, the slowest since March 2016, dampened by weaknesses in non-electronics and electronics. Singapore’s trade outlook would likely remain bleak as the downturn in electronics
13 June, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS May 2019 CPI inflation Headline inflation in May accelerated past 3% for the first time this year, to reach a 13-month high of 3.3% yoy. Seasonally-higher demand during Ramadan was the key contributor
28 May, 2019
HIGHLIGHTS April 2019 consumer price inflation Headline inflation was steady at 0.2% yoy in April. We revise our 2019 forecast from +1.8% to +1.0% amid weaker-than-expected inflation outturn in 4M19. Trade tensions obscure Malaysia’s
27 May, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS Singapore’s industrial production index rises 0.1% in April, beating expectations Singapore’s IPI increased 0.1% yoy in Apr due to sharp improvements in semiconductor output, but the rebound could be short-lived. Early read-through from
21 May, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics
HIGHLIGHTS April 2019 trade NODX plunged 10% in April, on weakness in electronics and non-electronics. Downside risks to Singapore’s GDP growth and inflation outlook have intensified as protracted US-China talks weigh on trade recovery
15 May, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS 1Q19 balance of payments The 1Q19 current account deficit (CAD) improved to US$7.0bn/2.6% of GDP, the smallest since 2Q18, though it fell short of our expectation. We raise our CAD forecast to US$29.6bn/2.7%
