export

China's changing trade and market opportunities

(Aug 5): China’s economic growth slowed to 6.2% in the second quarter, making it the weakest pace in 27 years. The weakness has been exacerbated by trade and tariff wars, but it also reflects a long-term underlying economic slowdown. Inevitably, growth will slow further as economic development continues, so the challenge is to constantly examine the drivers and quality of growth. 

China’s changing trade and market opportunities

(Aug 5): China’s economic growth slowed to 6.2% in the second quarter, making it the weakest pace in 27 years. The weakness has been exacerbated by trade and tariff wars, but it also reflects a long-term underlying economic slowdown. Inevitably, growth will slow further as economic development continues, so the challenge is to constantly examine the drivers and quality of growth. 

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Export growth expected to remain under pressure across Asia: Oxford Economics

SINGAPORE (Mar 29): A weakening trend in Chinese import demand and slower global trade will continue to weigh heavily on exports across Asia, according to Oxford Economics.

“We expect exports to remain under pressure this year from weak Chinese demand and slower global trade, as well as the slowdown in the ICT (information and communications technology) cycle,” the group says in a report on Friday.

It notes that nominal export growth fell 3.8% y-o-y in the first two months of the year, which was primarily driven by a sharp fall in North Asian exports.

O&G sector due for a turnaround on rising capex in 2019 & beyond, says DBS

SINGAPORE (Oct 5): DBS is maintaining its average Brent crude oil forecasts of ~US$75/bbl for 2018 and US$75-80/bbl for 2019, with the intention to monitor developments in the coming weeks.

The move comes despite growing optimism on the possibility of oil prices rising above US$100/bbl due to talks of Saudi Arabia and Russia striking a private deal to raise production and US inventory buildup.

Bank Negara Malaysia relaxes currency conversion rules for exporters

(Aug 17): Malaysia's central bank said on Friday exporters will no longer be obligated to convert most of their proceeds into ringgit, relaxing a rule introduced in 2016 to boost onshore trading of the currency.

Bank Negara Malaysia also said it will allow companies more flexibility for hedging of foreign currency obligations and allow non-resident corporations to trade in ringgit-denominated interest rate derivatives.

Governor Nor Shamsiah Mohd Yunus said the measures were an effort to give "greater flexibility" amid volatile markets.

Singapore SMEs are region's top exporters thanks to its 'thriving digital economy', finds study

SINGAPORE (Aug 1): Singapore’s small- and medium-sized enterprises (SMEs) are playing a leading role in driving export in Asia Pacific, according to the latest study commissioned by FedEx Express.

Titled Global is the New Local: The Changing International Trade Patterns of Small Businesses in Asia Pacific, the independent research was conducted by Harris Interactive on behalf of the express transportation company to offer insights into import and export opportunities as well as challenges faced by SMEs.

Emerging Asia hit by biggest foreign investor exodus since 2008

BANGKOK (June 18): A falling tide lowers all boats, it seems. Amid an exodus from emerging markets, investors are pulling out of even Asian economies with solid prospects for growth and debt financing.

Overseas funds are pulling out of six major Asian emerging equity markets at a pace unseen since the global financial crisis of 2008 -- withdrawing US$19 billion from India, Indonesia, the Philippines, South Korea, Taiwan and Thailand so far this year, according to data compiled by Bloomberg.

China's factory gauge beats estimates on global trade resilience

(May 31): China’s official factory gauge rose more than estimated as export orders accelerated, signalling trade continues to drive expansion as the global economy powers through risks.

The manufacturing purchasing managers index rose to 51.9 in May, exceeding all forecasts in Bloomberg’s survey of economists, who projected the gauge to remain unchanged at 51.4. The non-manufacturing PMI, covering services and construction, rose for a third straight month to 54.9, the statistics bureau said Thursday, from 54.8 in April. Levels above 50 indicate improvement.

Best World posts 36.4% growth in 3Q earnings to $12.2 mil on lower expenses

SINGAPORE (Nov 8): Direct-seller Best World International has announced a 36.4% rise in earnings of $12.2 million for the three months ended Sept, up from $8.9 million a year ago on lower expenses.

Revenue for 3Q17 came in 10.3% lower at $46.8 million compared to $52.2 million in the previous year, due to lower contribution from Taiwan and on the back of sustained export growth to China.

Export momentum points to strong 3Q GDP growth

SINGAPORE (Sept 18): Continued export momentum in July and August is pointing to strong 3Q GDP growth, says Chua Hak Bin, lead analyst at Maybank Kim Eng, in a Monday report.

With growth broadening to services, Chua sees overall 3Q GDP coming in at 3.5% to 4.0%.

The 3Q flash GDP will be released on the same week as the MAS monetary policy decision.

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