Japan’s real GDP grew by 0.2% q-o-q, slightly higher than expected. Forecast remains at 0.6% for 2024 and 1.0% for 2025 supported by private consumption and exports growth. Key View Preliminary data show that Japan’s real GDP increased by 0.2% q-o-q (annualised 0.9%), slightly stronger than our estimate of 0.1% q-o-q. We maintain our 0.6% […]
Thailand’s SET Index rose 0.70% due to strong economic growth, but limited upside persists. Bank of Japan remains cautious on rate hikes, Goldman predicts record gold prices. Thai Airways’ recapitalization impacts banks positively. Thai Stock Market Overview Thailand’s SET Index saw a 0.70% increase, closing at 1,452.78 points, influenced by unexpected economic growth in the […]
Revised forecast predicts 2024 current account surplus due to strong tourism and remittance growth in Sri Lanka. 2025 deficit expected with increased consumption and imports, with oil price rise as major risk. Key View We have revised our current account forecast to a surplus of 1.9% of GDP for 2024, from a deficit of 1.8% […]
China’s tennis boom has led to increased business opportunities with rising participation and popularity. Investment in facilities, coaching, and events is growing, contributing to economic development and future prospects for the sport in China. China’s Tennis Boom China’s tennis boom creates significant business opportunities, with growing participation and popularity of the sport, leading to increased […]
The Thai SEC is proposing regulations to allow mutual and private funds to invest in cryptocurrencies, aiming to enhance sector acceptance and increase institutional involvement in the digital asset market. Thai SEC Proposes Regulations for Cryptocurrency Investment The Thai SEC has proposed regulations that would allow mutual and private funds to invest in cryptocurrencies, aiming […]
GDP growth slowed to 4.6% in Q3 2024 from 4.7% in Q2; forecast revised to 4.8% for 2024 and 4.5% for 2025. Beijing’s monetary easing supports steady economy. Key View GDP growth slowed to 4.6% y-o-y in Q3 2024 from 4.7% in Q2 as the manufacturing sector struggled. We have revised our 2024 forecast upward […]
McKinsey plans to cut 500 jobs in China to reduce security risks and government-linked clients, marking a strategic shift focused on operational security and market complexities. McKinsey Job Cuts in China McKinsey & Company, a prominent US consulting firm, is planning to eliminate around 500 jobs in China as part of a significant restructuring in […]
Dan Ives of Wedbush Securities reports a 20% sales increase for Apple’s latest iPhones in China, showing strong consumer demand. He believes the iPhone 16 will drive Apple’s growth renaissance with innovative features and technologies, setting the stage for future success. Dan Ives: Apple’s Sales Surge in China Dan Ives, a senior equity analyst at […]