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China, India to account for half of all new mobile subscribers by 2020

June 28, 2017

SHANGHAI - China and India will account for almost half of all new mobile subscribers expected to be added worldwide by the end of the decade, according to a new GSMA study. The 2017 edition of the GSMA’s ‘Mobile Economy: Asia Pacific’ report, forecasts that India will account for 27% (206 million) and China 21% (155 million) of the approximately 753 million new mobile subscribers expected to be added globally by the end of 2020.

S&P tips 4% annual growth for Malaysia through to 2020

June 23, 2017

 KUALA LUMPUR – Ratings agency Standard and Poor’s expects Malaysian authorities to continue to implement prudent budgetary and economic policies, with the country's economy to grow at an average rate of over 4% between now and 2020. “Stocks of public and private debt, and contingent public liabilities are
considerable, but overwhelmingly denominated in the domestic currency, S&P says. 

Wal-Mart, co-launch bricks-and-mortar store in Shenzhen

June 20, 2017

SHENZHEN - Wal-Mart and the Chinese e-commerce platform have jointly launched a bricks-and-mortar store in Shenzhen as they deepen ties and as expands into offline sales. The co-branded store, which opened on Sunday, will showcase’s best-selling items – including electronics and books – and allow customers to interact with the goods in person, Caixin reports.

HK exporter sentiment at four-year high: Growth tipped at 5%

June 20, 2017

HONG KONG - The HKTDC Export Index for the second quarter of 2017 has climbed to a 16-quarter high of 50.1, up from 47.1 recorded in the first quarter of the year. The results are the first since the second quarter of 2013 to surpass the 50 mark, reflecting positive sentiment among local exporters. HKTDC Research has also raised its 2017 Hong Kong export growth forecast to 5% from a flat projection issued in December.

Oil, growth, inflation and the Ringgit: Things looking up for Malaysia

June 14, 2017

KUALA LUMPUR – Natixis believes there is still room for the ringgit to strengthen over the balance of 2017, with oil prices having likely bottomed with a rise tipped towards year-end. “Coupled with this, global trade volume is picking up, bolstering the external environment. These factors should support the current account, and thus the MYR.”