Asia Pacific
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Japan is in deep economic trouble, and reviving the “animal spirits” to get the country moving again is going to be no easy task, policymakers have said -
CIMB announced at the end of August a 34% increase in April-June net profit at 889 million ringgit ($283 million). Like many banks, the increase is down by lower loan loss provisions. But where it differs is in the strong performance in its Indonesian unit, with net profit in the first half of this year at 1.13 trillion rupiah ($126 million).
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Rebuilding a new economic order in Malaysia is easier said than done
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Thailand is staging a remarkable economic comeback from the political strife in May
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Singapore will not introduce capital controls to stem appreciation of its dollar, but backs such measures as an option for other emerging market policymakers, its finance minister told Emerging Markets
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Finance ministers from the Association of South-East Asian Nations (Asean) this week emphasized their intentions to keep their economies open to foreign capital, despite escalating exchange rate pressures
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The idea southeast Asia can grow without retooling its export-led economy is fantasy
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Controversy over the renminbi exchange rate should “fade away” over time, People’s Bank of China governor Zhou Xiaochuan said last night, implying that Beijing does not plan any dramatic initiatives to appreciate the currency
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