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Asia Economic News Roundup
Economic news from Indonesia, Hong Kong, Australia, Philippines, and Laos.
English
China
EconomyInflationFinanceIndo PacificAseanInterest Rate
Statistics Indonesia (Bps)Hong Kong Exchanges And Clearing Limited (Hkex)Reserve Bank Of Australia (Rba)Philippine Statistics Authority (Psa)Asean
Amalia Adininggar WidyasantiJoseph ChanDennis Mapa
- What is the theme of the ninth ASEAN Traditional Textile Symposium?
- The ninth ASEAN Traditional Textile Symposium is underway in Vientiane, Laos, promoting traditional textile practices and the cultural heritage of ASEAN member states. The event emphasizes the cultural ties uniting the ASEAN community.
- What decision did the Reserve Bank of Australia make regarding its cash target rate?
- The Reserve Bank of Australia maintained the cash target rate at 4.35 percent, a decision consistent with economists' and analysts' expectations. This decision marked twelve months since the last rate increase in November 2023.
- What was the year-on-year growth rate of Indonesia's economy in the third quarter of 2024?
- Indonesia's economy grew at a slower rate of 4.95 percent year-on-year in the third quarter of 2024, down from 5.05 percent in the second quarter. This was influenced by the GDP at current prices reaching 5,638.9 trillion rupiahs and GDP at constant prices totaling 3,279.6 trillion rupiahs.
- How much did Hong Kong's average daily turnover of ETFs increase compared to 2023 and 2022?
- Hong Kong's average daily turnover of ETFs reached 13 billion Hong Kong dollars in the first three quarters of 2024, a 10 percent increase from the 2023 full-year average and a 32 percent increase from 2022. This growth was highlighted at the ETF Summit 2024.
- What was the main driver of the increase in the Philippines' annual inflation rate in October 2024?
- The Philippines' annual inflation rate rose to 2.3 percent in October 2024, up from 1.9 percent in September, primarily due to higher food prices, particularly rice and vegetables. Rice inflation accelerated to 9.6 percent.