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Moon moots ‘single economic community’ of the two Koreas

August 20, 2018

SEOUL - Speaking at an official Government ceremony marking both the 73rd anniversary of Liberation Day (which is celebrated in both North and South Korea to commemorate Victory over Japan Day), and the 70th anniversary of the establishment of the Korean Government,  President Moon Jae-in said economic co-operation between North and South Korea over the next 30 years could be worth at least KRW170 trillion.

Faltering growth in Malaysia warrants accommodative fiscal policy: ANZ

August 17, 2018

KUALA LUMPUR – Malaysia’s economy has dipped. For the June quarter, 0.3% q/q GDP growth was the lowest since Q1 2013. Exports contracted 1.6% over the quarter, and, combined with firm import demand, net exports shaved 1.6% off quarterly growth. Manufacturing growth eased further to 4.9% y/y from 5.3% y/y in Q1, a slowdown consistent with the milder increase in exports.

Reduced liquidity uncovers excessive corporate leverage at largest Filipino companies

August 13, 2018

MANILA - Beyond worsening economic fundamentals in the Philippines, the financial health of the Philippines’ firms has worsened, says Natixis in a research note. It has not been a good year for the Philippines, the French banking group says, pointing to a weaker peso, underperforming equities pushed by a vanishing current account surplus and a potentially larger fiscal deficit.

Air freight growth slowdown continued in June, Asia market dips

August 9, 2018

GENEVA – The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometres (FTKs), rose 2.7% in June 2018, compared to the same period the year before. This continues the slowdown in air cargo growth that began earlier in 2018. Growth for the first half of 2018 stands at 4.7%, less than half the growth rate in 2017.