In today’s briefing:
- Asian Monetary Policy: Upside Risk to Rates
- Competitiveness Rankings Are Mixed But SE Asia Secures More FDI
- The Week That Was in ASEAN@Smartkarma – Grab’s Maps, Kino’s Beverages & Beauty, and ThaiBev’s BeerCo
- CX Daily: How Bad Is China’s Manufacturing Exodus?
Asian Monetary Policy: Upside Risk to Rates
- Policy rates in Asia must rise in 2H22 as inflation picks up with a lag.
- Bank Indonesia stood out for keeping rates unchanged even as the BSP raised rates by 25bps.
- The BoK has raised its inflation forecasts. Minutes from the RBI June MPC meeting point to more hikes in 2H22.
Competitiveness Rankings Are Mixed But SE Asia Secures More FDI
- There is widening disparity in competitiveness rankings among Asian economies according to the latest IMD report.
- Weakening economic fundamentals explain part of the laggard performance. Government and business efficiency were mixed across the region but infrastructure was a bright spot.
- Despite this, recent years have seen Southeast Asia enjoy a steady increase in its share of global FDI flows, where it now out-performs China again.
The Week That Was in ASEAN@Smartkarma – Grab’s Maps, Kino’s Beverages & Beauty, and ThaiBev’s BeerCo
- The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity bottom-up, from across South East Asia.
- The past week saw insights in Grab (GRAB US), Kino Indonesia (KINO IJ), and XL Axiata (EXCL IJ), as well as deal-related commentary on Thai Beverage and True Corp.
- There were also some Index inclusion insights for Indonesia and the Philippines, as well as insights on Comfortdelgro Corp (CD SP) and My E.G. Services (MYEG MK) in Malaysia.
CX Daily: How Bad Is China’s Manufacturing Exodus?
Cover Story: How bad is China’s manufacturing exodus?
Goldman’s China wealth management venture gets OK to launch business
China regulator issues draft rules for private pension investment products
Before it’s here, it’s on Smartkarma
