The Magazine for Asian Investors
The Malaysian Palm Oil Board said Malaysia that the world’s second-largest palm oil producer will leave the export tax on crude palm oil (CPO) unchanged at 8% in September. Malaysia lowered its reference price for crude palm oil in September…
According to the Office for National Statistics (ONS), house prices in the UK rose by 7.8% year-on-year in June. This was the slowest increase since July last year, immediately after the government reduced the level of tax to mitigate the…
The European Statistical Office (Eurostat) reported that economic growth in the eurozone weakened slightly in the second quarter of 2022 compared with previous estimates, but remained strong. According to the report, the gross domestic product (GDP) of the eurozone, which…
Inflation in the UK hit another 40-year high in July with rising food and energy costs, and the cost-of-living crisis worsened to record levels. According to the ONS, the United Kingdom’s consumer price index (CPI) rose 10.1% in July from…
The Australian Bureau of Statistics (ABS) reported that the Australian wage price index increased by 2.6% year-on-year in Q2 2019, but is still below the rate of inflation. The Australian wage price index rose by 0.7% in the second quarter,…
The UK will import Australian gas next week as pressure mounts on European energy supplies. According to commodity analyst Kepler, Australian natural gas (LNG) is scheduled to arrive in the UK on August 22. Normally, Australia does not have a…
The People’s Bank of China (PBOC) injected 2 billion yuan (about $295 million) into the Chinese financial system on Tuesday via a 7-day reverse repo deal with an interest rate of 2%. The PBOC said today’s financial injection is aimed…
Enterprise Singapore, Singapore’s trade promotion agency, said Singapore’s non-oil exports (NODX) grew 7% slower year-on-year in July, following an 8.5% increase in June, the 20th consecutive month of growth. The report states that exports of electronic and non-electronic products also…
Japanese manufacturers’ business sentiment improved in August after the downturn in July. Service sector sentiment rose for the second month to its highest level in almost 3 years. Prospects for further recovery are weakening due to inflationary pressures, the renewed…
The Reserve Bank of New Zealand (RBNZ) raised its policy rate for the seventh consecutive time on August 17, signaling that it will accelerate its aggressive monetary tightening in the coming months to counter a sharp rise in inflation. The…
