Economy

We have lowered our 2009 GDP growth forecast from 2.8% to 0.9% after having made adjustments to our assumptions for capital investment and exports. We have also adjusted down our... 2009-06-24

Although Bangko Sentral ng Pilipinas (BSP) cut its benchmark borrowing and lending rates by 25bps each on March 5 and April 28, to 4.50% and 6.50%, respectively, we maintain our view... 2009-05-08

Given our bearish views towards the global economy, we expect gross fixed capital formation to fall by 5% in 2009. Indeed, foreign direct investment (FDI) had begun to slow since... 2009-05-08

In spite of its large domestic consumption base, Indonesia's economy will be affected by the current global slowdown. We are still expecting its GDP growth - which we are currently... 2009-05-08

We expect continued monetary easing by the Bangko Sentral ng Pilipinas over the remainder of the year, with a 25bps policy rate cut likely to be announced at the upcoming May 28... 2009-05-07

With global and domestic economic conditions still dire, it is not surprising that many local firms are planning to reduce capital spending compared to last year. Indeed, a survey... 2009-04-28

We see it as highly likely that the Philippines will soon announce a second global bond issue after posting a record fiscal deficit in March. While the deteriorating fiscal situation... 2009-04-22

Although Bangko Sentral ng Pilipinas (BSP) cut its benchmark borrowing and lending rates by a smaller-than-expected 25bps on March 5, to 4.75% and 6.75%, respectively, we maintain... 2009-04-02

Indonesia's budget deficit will surge this year as the government implements more stimulus to boost domestic demand. Currently, we are anticipating revenues to fall by 4%, while expenditure... 2009-04-01

Indonesia's unemployment rate will continue to rise over the coming quarters as the global recession continues to hurt exports. And, although exports only account for around 50% of... 2009-04-01