ASEAN Speaks

How will Malaysians benefit from the MADANI economic blueprint? Suhaimi Ilias, our Chief Economist, speaks with Chua Hak Bin.

In today’s Weekly Briefing, we discuss our key reports: outcomes of the discussion with the Ministry of Finance in Malaysia about the MADANI Economy blueprint; and whether China is experiencing a deflation; and Indonesia’s 2Q GDP forecast.  00:23 - Roundup - Chua Hak Bin 02:38 - MY MOF Dialogue - Suhaimi Ilias 09:55 - CN trade - Erica Tay 12:18 - CN deflation - Erica Tay 14:12 - ID inflation - Brian Lee 16:33 - ID GDP - Brian Lee

Last week, Malaysian Prime Minister Dato’ Seri Anwar Ibrahim launched MADANI Economy plan to address the most pressing challenges facing the Malaysian economy. The National Energy Transition Roadmap Part 1 was also launched to outline the opportunities towards a greener nation. Suhaimi Ilias, Chief Economist, and Anand Pathmakanthan, Head of Regional Equity Research speak with Winson Phoon. For the full conversation with other analysts at Maybank, go to the latest Weekly Briefing episode on ASEAN Speaks.

On this morning’s call, we stay current on ASEAN’s electric mobility transition; the implications of China’s Politburo’s shift towards a more accommodative stance towards the property sector; if Bank of Japan is likely to raise interest rate further; and if manufacturing downturn has bottomed in Singapore. 00:24 - Roundup - Winson Phoon 03:31 - MY MADANI - Suhaimi Ilias 08:50 - IMKL Series - Anand Pathmakanthan 12:36 - ASEAN e-mobility - Jigar Shah 16:56 - Fed hike - Suhaimi Ilias 19:44 - CN property - Erica Tay 23:13 - ID interest rate - Brian Lee 24:43 - SG downturn - Chua Hak Bin 25:59 - BOJ interest rate - Saktiandi Supaat 28:38 - SG REITs - Krishna Guha Producer: Noelle Lim, Maybank IBG

In this week’s highlight, Saktiandi Supaat, Maybank’s Head of Forex Research, discusses how investors could position themselves for the end of the Fed’s tightening cycle. He speaks with Chua Hak Bin. For the full conversation with other analysts, go to the latest Weekly Briefing episode on ASEAN Speaks.

Looking ahead to this week, we discuss expectations of FOMC’s meeting, and what to watch for in Bank of Indonesia’s statements given the decline in exports. In terms of equities, we look into projections for the Philippines, and 2Q bank earnings in Singapore and indications of China’s growth. 00:27 - Roundup - Chua Hak Bin 03:02 - FOMC - Suhaimi Ilias 04:15 - MY 2Q GDP - Suhaimi Ilias 06:56 - ID exports - Brian Lee 08:56 - ID interest rate - Brian Lee 11:02 - FX post hiking - Saktiandi Supaat 15:55 - SG banks - Thilan Wickramasinghe 18:44 - PH markets - Jacqui de Jesus Maybank IBG

Last week, we saw Pita Limjaroenrat fail in his bid to become Prime Minister of Thailand. What is ahead for the markets? Winson Phoon speaks with Chak Reungsinpinya, our Head of Equity Research in Thailand. For the full conversation with other analysts, go to the latest Weekly Briefing episode on ASEAN Speaks.

In Thailand, who will become the next Prime Minister? Why did Singapore avert a technical recession? What can we expect from China’s 2Q GDP number which will be out today? We also look at Malaysia’s second half prospects and stock picks in view of the upcoming state elections. 00:26 - Roundup - Winson Phoon 03:33 - TH politics - Chak Reungsinpinya 09:12 - SG GDP - Chua Hak Bin 12:01 - CN macro - Brian Lee 15:39 - MY 2H macro - Suhaimi Ilias 21:03 - MY 2H equities - Anand Pathmakanthan 24:55 - ASEAN calls - Anand Pathmakanthan 26:27 - USD, MYR, SGD - Saktiandi Supaat 30:29 - Plantations - Ong Chee Ting Maybank IBG

Maybank has downgraded its ASEAN-6 GDP growth forecast to +4.2% in 2023 from +4.5% at the start of the year. Chua Hak Bin, Co-Head of Macro, speaks with Suhaimi Ilias about the ten post-pandemic realities and downside risks going forward. For the full conversation with other analysts, go to the latest Weekly Briefing episode on ASEAN Speaks.

El Nino is expected to peak from now till the first quarter of next year across ASEAN. How will warmer and drier conditions affect agriculture, food production as well as inflation? 00:21 - Roundup - Suhaimi Ilias 05:51 - ASEAN macro - Chua Hak Bin 11:09 - ID, TH inflation - Lee Ju Ye 13:14 - TH minimum wage - Lee Ju Ye 13:58 - El Nino impact - Lee Ju Ye 14:46 - PH inflation - Zamros Dzulkafli 15:55 - PH minimum wage - Zamros Dzulkafli 17:17 - PH El Nino impact - Zamros Dzulkafli 18:26 - Plantations outlook - Ong Chee Ting 21:21 - El Nino plantations - Ong Chee Ting 23:20 - El Nino agricultural - Daphne Sze 25:10 - PH telco - Rachellen Rodriguez 27:34 - MY banking - Desmond Ch’ng