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Security challenges for Indo-Pacific island States: ASPI

December 5, 2019

SYDNEY - A new report from the Australian Strategic Policy Institute (ASPI) examines how Pacific island countries (PICs) and Indian Ocean island states (IO island states) are managing and prioritising their maritime security challenges.The report, which refers to these islands as the 'Indo-Pacific island states', says they face an intricate offshore tapestry.

Hong Kong fundamentals “remain strong”, business leaders told

December 4, 2019

HONG KONG - Addressing close to 300 business leaders from 35 countries and regions at ,the 20th anniversary of the Hong Kong Forum yesterday, Margaret Fong, Executive Director of the Hong Kong Trade Development Council, , said that while Hong Kong was undoubtedly going through a challenging time, the city was characterised by adaptability and resilience.

Surprisingly high PMIs may secure China’s annual GDP growth at 6.2%: ANZ

December 2, 2019

HONG KONG - Both manufacturing and non-manufacturing PMIs in China jumped significantly in November, indicating a high possibility of China reaching 6.2% annual GDP growth in 2019. Manufacturing PMI returned to above the 50- threshold after contracting for six months. Non-manufacturing PMI also registered an eight-month high in November.

5G could drive up Asian telco revenues as well as costs: S&P

December 2, 2019

HONG KONG -- 5G is getting a good reception in Asia-Pacific, with quick uptake in the few markets that have already launched, according to a new report by S&P Global Ratings. It says higher data consumption on advanced networks points to 5G as a potential source of faster revenue growth for telecommunications companies. However, in some countries, 5G-related costs and spending could hit margins hard.

China trims rate, with more cuts to come, says ANZ

November 5, 2019

SHANGHAI - China's 0.5% cut in its medium-term lending facility (MLF) today will likely lead to similar adjustments in the targetted medium-term lending facility (TMLF) rate, the reverse repo rate and the loan prime rate (LPR), according to ANZ Bank, which in a research note says it believes the People's Bank of China (PBoC) will maintain the same spreads as it did in the past two years.

China’s Ministry of Education to revamp undergraduate studies

November 4, 2019

BEIJING  China's Ministry of Education has called for a three-year revamp of the higher education system, aiming to devote vast resources to undergraduate studies, including the expertise of those who are part of the Thousand Talents Programme, a Government-backed project which seeks to recruit scientific talent from foreign countries to work in China.

South Korea’s inflation out of contraction territory

November 1, 2019

SEOUL - South Korea's headline inflation returned to zero in October, after slipping into negative territory in September. Slowing food price deflation led the rise, but core inflation also rose to 0.8% y/y.

ANZ Bank says it expects headline inflation to approach 1% in the coming quarters, as high base effects fade.  

"Coupled with signs that economic growth is starting to stabilise, we believe that the Bank of Korea (BoK) will hold its policy rate at 1.25% for a prolonged period," ANZ says.  www.live.anz.com (ATI).  

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