Asia will have a tough 2024 with a global slowdown capping growth recovery. Mainland China will slow further, with spillover effects. Relief from monetary easing will come later, and high interest rates should continue to weigh on foreign direct investment. Six economies will hold important polls, but current policy trajectories are expected to remain intact. […]
The Reserve Bank of India kept its policy rates unchanged as expected, with the expectation of a rise in inflation through year-end but rate cuts in Q2 2024 due to falling inflation expectations and weak demand. Governor Das emphasized the need for “actively disinflationary” monetary policy. Key View The Reserve Bank of India kept its […]
Consumer spending in Thailand is expected to be positive in 2024, driven by economic recovery and high consumer confidence. However, high household debt and interest rates are potential risks to this outlook. Key View: We hold a positive outlook for consumer spending in Thailand over 2024, as the wider Thai economy recovers and growth figures return […]
VNPT has urged the government to adjust regulations for IoT, cloud, big data, and AI service development in Vietnam. This could benefit various sectors but may also lead to state influence and limited competition in the telecoms sector. Overall, the IoT market in Vietnam is expected to develop slowly. Latest Development: State-owned operator VNPT has […]
Despite PM Modi’s popularity, concerns remain about his ability to push through reforms in a third term. BJP is expected to win the 18th Lok Sabha elections. Key View We expect PM Modi and the Bharatiya Janata Party to score another landslide win at the upcoming 18th Lok Sabha elections due in mid-2024. However, PM […]
Preliminary data from November 15 shows the Japanese economy shrinking by 0.5% q-o-q (-2.1% annualised, +1.2% y-o-y), in line with expectations and marking the first output fall of the year. Latest Development: Preliminary data published on November 15 showed the Japanese economy shrinking by a seasonally-adjusted 0.5% q-o-q (-2.1% annualised, +1.2% y-o-y). This was broadly […]
ZaloPay partners with Gojek to offer on-demand food delivery through the Gojek app in Vietnam and Southeast Asia. The Latest: On November 14 2023, the Vietnam-based online payment platform ZaloPay announced a partnership with the Indonesia-based Southeast Asian superapp Gojek to allow users to utilise ZaloPay for on-demand food delivery services from the GoFood service on […]
Indonesia’s mobile network operators are partnering with the Ministry of Communication and Informatics to propose incentives for faster 5G deployment. However, regulatory charge amendments are unlikely to significantly improve profitability. Despite challenges, organic revenue growth is seen as more promising than 5G deployment. Latest Development: Mobile network operators (MNOs) active in Indonesia’s telecoms market have partnered […]