Fiscal Stimulus Alone Isn’t Enough
China / GDP
Increasing government spending can boost China’s growth in the short term. For more sustained growth, institutional reforms need to be implemented in tandem.
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China / GDP
Increasing government spending can boost China’s growth in the short term. For more sustained growth, institutional reforms need to be implemented in tandem.
Singapore, Economics
China, India and Indonesia all have relatively new leaders who are trying to change the old ways of doing things. Our experts at the DBS Asian Insights Conference 2015, gave their verdicts.
Indonesia
Dr. Susilo Bambang Yudhoyono, 6th President of Indonesia, shares his views on how democratisation will impact Indonesia’s economic growth.
Asia / Currencies
Bank Indonesia is no longer tolerant of a weak Indonesian rupiah. This change in perspective could be the first step in restoring domestic confidence in the currency.
ASEAN
Dr. Susilo Bambang Yudhoyono, 6th President of Indonesia, shares his views on how businesses leaders can navigate the challenges and opportunities of ASEAN economic integration.
Asia / Currencies
China’s move is just a small and long-overdue adjustment that barely begins to make up for the really big moves in the US dollar, euro and Japanese yen.
China / GDP
Various promising developments point to Chinese capital accounts being “basically” open in the next five years, dramatically impacting both the Chinese and the global financial landscapes.
India / GDP
India’s July consumer price index inflation undershot expectations, while a jump in July durables output pulled the series out of almost a year of stagnation.
China / GDP
The debt build-up in local governments has prevented China from using of more aggressive fiscal policy to arrest the economy’s slide. But reforms are underway.
India / Inflation
Favourable weather conditions and limited fiscal support to the rural sector should help keep India’s inflation in check.
China / Financials
The sector reforms will give China bank a boost in the long run as the changes should enhance their efficiency.
China / Rates
Stabilising stock market sentiment in China has helped to push down elevated offshore Chinese yuan interest rates.
Indonesia / Rates
Bank Indonesia kept rates unchanged this week, and we expect rates to remain steady throughout the rest of the year.
Indonesia / GDP
The onus is on Indonesia’s government to improve the country’s GDP growth momentum by speeding up fiscal disbursement. And, it may be time to rethink the tolerance for currency weakness.
India / GDP
India’s May industrial production came in below expectations, while the April figure also saw a downward revision. Weak demand continues to weigh on the economy.
Japan / Rates
We do not expect any policy change at the Bank of Japan meeting this Wednesday but there is a possibility that it may trim its fiscal year 2015 growth estimate.
Indonesia / GDP
Net foreign inflows remain positive despite concerns over Indonesia’s economic growth and a weakening rupiah. But sentiment may change if authorities do not step up efforts.
India / GDP
India’s May industrial production figures are expected to validate expectations that the downturn is behind us, with the full-year figure hastening to 4-5%.
China / Economic
Japan’s journey towards global expansion through the 1980s and 2000s may hold some valuable lessons for China’s current foray into global markets.
India / GDP
After a year under the Modi government, the Indian economy is headed in the right direction. But expectations should be tempered as the reforms will take time to complete.
Asia/ Indonesia
DBS Economist, Gundy Cahyadi shares his view on how building infrastructure and raising productivity is the key to unlocking the potential of Indonesia’s young and booming working population.
China / Rates
The People’s Bank of China cut interest rates again over the weekend. But this is unlikely to revive the country’s sluggish economy.
Asian Powerhouses
Despite India\'s strong economic performance in recent years, China remains well ahead on "soft power," which measures a country's ability to build a positive reputation through culture, values and civil institutions.
Asian Powerhouses
As India's economy fires up, the next five years are expected bring about a reversal of fortunes for the Yuan and Rupee.
video
As China gradually sheds its image as the factory of the world due to rising wages, India’s manufacturing sector is picking up pace. India looks set to replace its Chinese neighbour as the world’s fastest growing economy as early as next year, according to the International Monetary Fund. Can India roll out its reform policies quickly enough to attract foreign investors ?
India
DBS Economist, Radhika Rao, highlights changes within India that will transform its economy, from one that is largely demand-driven, to one that boasts a robust supply aspect as well.
China
A border conflict in Asia is challenging Beijing’s relationship with Southeast Asia and Myanmar. We travel to the Chinese border town of Ruili and find out why ties between Southeast Asia go beyond buying and selling.
China / Rates
China, India and Indonesia have been Asia's main pistons of growth for the past decade, but major changes are currently taking in these three nations. Is the time of inifinite growth for Asia at an end? Or is this simply a transition for bigger things to come
China / Rates
Several factors have combined to nudge up Chinese yuan market rates in the past few weeks.
Asia / Equities
China’s SHCOMP plunged 6.4% as liquidity concerns continued to linger.
China
How did China do it? We discuss 4 policies which helped China's emergence as the world's factory and their relevance for India.
China
DBS Asian Insights: Piyush Gupta, Chief Executive Officer, DBS, talks about the increasing pace of financial sector liberalisation in China. In particular, he highlights increasing offshore RMB flows and liberalization of the interest rate regime.
India / GDP
India’s consumer price index inflation held near-steady in May, while industrial production provided an upside surprise.
Indonesia / Rates
Indonesia’s central bank is expected to keep policy rates steady this week, in light of concerns over financial system stability, inflationary expectations and external financing risks.
Indonesia / Infrastructure
Indonesia’s infrastructure sector appears to be the biggest beneficiary of President Joko “Jokowi” Widodo’s reforms.
China / Economics
Despite the fanfare surrounding the establishment of the AIIB, a clear mission statement has yet to be produced. In the words of President Xi, the AIIB would boost growth and improve infrastructure across the region to help fulfil an "Asia-Pacific dream".
Asia / Equities
China’s SHCOMP (Shanghai Stock Exchange Composite Index) rose after diving earlier in the day, underscoring the red-hot market’s rising volatility.
India / GDP
We have lowered our growth forecast for this fiscal year in response to slow private sector spending and the risks of a weak monsoon.
India / GDP
The Modi government’s first year in office has boosted confidence and improved foreign perception. But to sustain that optimism, the government needs to start implementing its reform plans.
Indonesia / GDP
We expect the government’s GDP, inflation and currency forecasts to be revised for both 2015 and 2016.
India / GDP
India has seen a surge in foreign direct investment, but substantial reform needs to be undertaken to help the economy reach levels close to that of regional peers.
China / Insights
China cut interest rates on Sunday, the third time since November 2014. Why does this matter, and who will benefit?
Indonesia / GDP
Indonesia’s export and import growth are both expected to be in the negative again in April. There is little sign of a sharp turnaround on the horizon.
India / GDP
inShare.India’s growth in the 2014/15 fiscal year is expected to come in just a notch below the official forecast, but it would still have been one of the fastest growing economies in the region.
Japan / Economics
Japanese Prime Minister Shinzo Abe enacted bold economic reforms in a bid to revive growth. But do the reforms have teeth?.
China / Economics
China’s push for growth-at-any-cost is being replaced with the "New Normal". It will fundamentally change how business and investing are done.
India / Economics
We believe the RBI will assume a data-dependent stance and proceed cautiously, while pushing for rate cuts to be passed on to the real economy.
Indonesia / Economics
Indonesia wants its 2015 tax take to jump by 30%. We doubt that can be done and instead expect government spending cuts of up to 2% of GDP.
China / Economics
The intention of monetary policy now is not to engineer a V-shaped rebound, but to support a minimum acceptable level of growth.
China / Economics
The opening of another free trade zone in China this week is linked to China’s goal of generating quality economic growth.
India / Economics
Inflation is easing, growth is improving, and long-needed reforms are moving ahead. India is lifting itself out of a cyclical and structural trough.