The Magazine for Asian Investors
The World Bank approves a $178.1 million loan to help the Philippines combat malnutrition. The World Bank supports the provision of nutrition and health services as part of primary care and community services to reduce growth disorders in infants and…
The International Monetary Fund (IMF) on Friday (June 24) forecast that the United States’ gross domestic product (GDP) will grow by 2.9% this year, below previous forecasts. The last time growth of 3.7% was forecast was in April. The IMF…
Japan’s Ministry of Internal Affairs and Communications reported that the core consumer price index (CPI), which excludes staple food prices, rose 2.1% in May from a year earlier. This was above the Bank of Japan’s (BOJ) inflation target of 2%…
The Malaysian National Bureau of Statistics (DOSM) said today (June 24) that the consumer price index (CPI), a measure of inflation, rose 2.8% in May from a year earlier. Inflation was caused by a 5.2% increase in food prices in…
Core inflation in Singapore reached its highest level in more than 13 years in May, driven by higher food and utility prices. Core inflation (excluding the cost of private accommodation and transportation) rose 3.6% year-on-year in May. This was up…
The Philippine central bank (BSP) raised its key interest rate by 0.25% to 2.50% at its June 23 meeting, the second consecutive increase amid a sharp rise in inflation and a weak peso. The Philippine central bank has accelerated rate…
The S&P Global Purchasing Managers’ Index (PMI) for the eurozone manufacturing and services sectors fell to 51.9 in June 2022 from 54.8 in May. Chris Williamson, the chief business economist at S&P Global Markets Intelligence, wrote, “The seasonally adjusted S&P…
The Bank of Korea (BOK) has released its producer price index (PPI) for May. It rose for the fifth month in a row, leading to greater inflation concerns. The PPI rose 0.5% in May from the previous month to 119.24,…
Iron ore prices in Asian markets rallied this morning after Chinese President Xi Jinping promised to bring the economy up to its targets this year. The zero interest rate policy and the slowdown in the housing market could lead to…
Sri Lankan Prime Minister Ranil Wickremesinghe told parliament Wednesday (June 22) that Sri Lanka’s economy has completely collapsed. An agreement with the International Monetary Fund (IMF) is the only way to save Sri Lanka from the crisis. “We are now…
