A week which sees Davos host the 50th World Economic Forum commences with the IMF's latest forecast on Monday and rounds off on Friday with the flash PMI surveys. One of the key updates will be the UK flash PMI, as any failure of the survey data to show a revival of economic growth at the start of the year is likely to trigger an imminent rate cut by the Bank of England.
Opposition Future Forward Party (FWP) leader Thanathorn Juangroongruangkit resigned from the House of Representatives' budget bill extraordinary committee on 30 November after the constitutional court's ruling to disqualify him as a member of parliament. The Thai government is likely to continue efforts to disqualify opposition lawmakers, which will lead to an increasingly confrontational parliament with growing difficulties in passing major policies.
Japan's Cabinet approved on 13 December a supplementary budget worth JPY3.2 trillion (USD29.2 billion) for fiscal year 2019, following the Abe administration's announcement on 4 December of JPY13.2 trillion in fiscal spending (totaling JPY26.0 trillion, including private-sector and other outlays). These stimulus measures are likely to mitigate downside risks to the economy and facilitate the ruling coalition passing legislation in 2020.
Leaders of several opposition political parties in Singapore announced on 14 December that they had attended briefings at the Elections Department to review new voting equipment and online services to be employed in the next general election, indicating that the election is imminent. Singapore's general election will most likely be held in late March 2020, with the ruling People's Action Party (PAP) almost certain to win.
IHS Markit has won Best Solution in Trade Reporting and an Outstanding Project award for Risk Calculation in the Regulation Asia Awards for Excellence 2019. The awards demonstrate our ability to help clients meet their global regulatory reporting obligations and tackle capital calculation challenges. Regulation Asia has published a press release highlighting our strengths as well as comments from the judging panel.
IHS Markit signs MOU with BSE to facilitate the joint development of a new service to provide Valuation of Fixed Income Securities in India. The MoU was signed on December 17, 2019 and the service is aimed to start in H1 of 2020. The valuation service will be offered to on-shore and off-shore clients and will leverage BSE’s domestic expertise and IHS Markit’s extensive capabilities in developing fixed income data services for international markets.