Tag Archives: growth

Trade Minister Enggartiasto Lukita has estimated that export growth in 2018 would reach only 7.5 percent, far below the targeted 11 percent, although the official result has not been released. Last year’s 11 percent target was already lower than the 16 percent export growth achieved in 2017. Enggartiasto has attributed the lower export growth to global economic turbulence that led […]

Profit growth for China’s industrial firms cooled for a third straight month in July in a further indication that demand in the world’s second-biggest economy is cooling even as U.S. trade pressure mounts. Industrial profits in July rose 16.2 percent from a year earlier to 515.12 billion yuan ($74.94 billion), slowing from a 20 percent […]

The People’s Bank of China is tackling a problem it rarely had to worry about until recently — persuading banks to lend the money they have. Thanks to the central bank turning on the liquidity taps, the cost for banks to borrow from one another is now lower than the cost to borrow from the PBOC, […]

China’s factory price inflation cooled in July but not as much as expected, amid a wider slowdown in economic growth as Beijing remains locked in a heated trade dispute with Washington. However, consumer inflation picked up from the previous month, largely due to a rise in non-food prices, official data showed on Thursday. The July […]

Industry Minister Airlangga Hartarto said the manufacturing industry grew 4.41 percent year-on-year (yoy) in the second quarter of 2018, higher than 3.93 percent growth in the corresponding period, last year. He said the manufacturing sector contributed 19.33 percent to the country’s gross domestic product (GDP), the largest contributor to the economic expansion. “The manufacturing sector […]

OCBC Bank is pursuing the idea of a “digital bank” in Indonesia, said its chief executive officer Samuel Tsien yesterday at its results briefing, as Singapore’s second-largest bank looks to join its peers in launching banking for mobile-savvy customers in this region. The bank said it was unable to share more details at this early […]

Middle-market firms in Singapore are brimming with optimism this year, with nine in 10 expecting growth in excess of the global average growth rate of 6 per cent, according to the annual EY Growth Barometer released on Wednesday (July 25). Middle-market firms are those with sizeable annual revenues that fall centrally within the market in […]