RCI
INFORMATION
PACK

JANUARY 2014 • ISSUE NO. 8

At a Glance:

RCI News and Events

  • ASEAN Infrastructure Fund Ltd. begins operations; IFC offers new fund for long-term investments.
  • World trade ministers approve “Bali Package”.
  • Asian stock exchanges boost cooperation.
  • Transport ministers reaffirm commitment to Asian transport development plan.
  • More GMS projects included under new Regional Investment Framework; new Thai–Lao PDR bridge fills ‘missing link’ in North-South corridor.
  • ADB inaugurates SASEC connectivity project in Bangladesh; administers infrastructure and livelihood projects in rural Myanmar.
  • TPP negotiations continue; several other trade agreements advance.
  • Japan signs currency swaps with central banks; India’s central bank extends financial cooperation with other countries. Warsaw Climate Change Conference paves way to set targets on reducing gas emissions.
  • ADB offers rehabilitation assistance after super typhoon Haiyan devastates central Philippines.

Monetary, Financial, and Trade Indicators

  • G3 equities advance; emerging markets decline.
  • Asian equities fall more on domestic conditions than US QE tapering.
  • Remittances to Bangladesh continue to decline.
  • ASEAN-4 plus Viet Nam currencies depreciate following QE tapering announcement.
  • Inflation mixed across the region.
  • Central banks “wait and see”.
  • Bank lending slows in Thailand amid bad loan risk.
  • Asian manufacturing output mostly flat.
  • Total export growth up, but imports still weak.
  • US economy grows faster in Q3; EU, Japan slow.
  • GDP growth in Asia relatively flat.

SPECIAL FEATURE:
Early weakness in 2014?

  • Activity indicators in Asia are signaling some weakness ahead. Continued moderation in the PRC economy, and slowdown in economies that are open, globally connected, and beset by domestic challenges, may indicate some early weakness this year.
  • The region’s financial markets were also dragged down by the combined weight of adverse domestic conditions and US Fed’s QE tapering. Favorable data releases could lift the market in the short term–although in the medium to long term, inflation and interest rate adjustments in the US and other advanced economies will determine the outcome.
 FULL REPORT
 RCI NEWS AND EVENTS
 MONETARY, FINANCIAL AND TRADE INDICATORS
 SPECIAL FEATURE:
   Early weakness in 2014?
Chart  |  Data Manufacturing Purchasing Managers’ Index
Chart  |  Data Equity Index—Emerging Asia


NOVEMBER 2013 • ISSUE NO. 7
 FULL REPORT
 RCI NEWS AND EVENTS
 MONETARY, FINANCIAL AND TRADE INDICATORS
 SPECIAL FEATURE:
   Asia’s rising reliance on intraregional bank lending
Chart  |  Data Bank Credit Flows to Asia—Co-movement of Japan plus Australia and the United States
Chart  |  Data Developing Asia’s Private External Financing

OCTOBER 2013 • ISSUE NO. 6
 FULL REPORT
 RCI NEWS AND EVENTS
 MONETARY, FINANCIAL AND TRADE INDICATORS
 SPECIAL FEATURE: Can US recovery help Asian exports?
Chart  |  Data Growth of REER and Merchandise Imports—United States
Chart  |  Data Imports, Current Account Balance, and Trade Balance—United States

SEPTEMBER 2013 • ISSUE NO. 5
 FULL REPORT
 RCI NEWS AND EVENTS
 MONETARY, FINANCIAL AND TRADE INDICATORS
 SPECIAL FEATURE: Asian Currency and Equity Market Volatility
Chart  |  Data Standard deviation of Exchange Rates—South and Southeast Asia
Chart  |  Data Standard Deviation of Equity Returns—South and Southeast Asia
Chart  |  Data Standard Deviation of Exchange Rates—Central and East Asia
Chart  |  Data Standard Deviation of Equity Returns—Central and East Asia

AUGUST 2013 • ISSUE NO. 4
 FULL REPORT
 RCI NEWS AND EVENTS
 MONETARY, FINANCIAL AND TRADE INDICATORS
 SPECIAL FEATURE: Risk of Credit Boom in Asia
Chart  |  Data Banks’ Non-Core Liabilities
Chart  |  Data Banks’ Core Liabilities

JULY 2013 • ISSUE NO. 3
 FULL REPORT
 RCI NEWS AND EVENTS
 MONETARY, FINANCIAL AND TRADE INDICATORS

  • Global Markets
    Chart  |  Data Equity Indexes—G3
    Chart  |  Data Equity Indexes—Emerging Markets
    Chart  |  Data Commodity Price Indexes
    Chart  |  Data Exchange Rate Indexes—euro and yen

  • Financial Indicators
    Equity Indexes
    Chart  |  Data Equity Indexes—ASEAN-4 plus Viet Nam
    Chart  |  Data Equity Index—Kazakhstan
    Chart  |  Data Equity Indexes—NIEs and People’s Republic of China
    Chart  |  Data Equity Indexes—South Asia
    Remittances
    Chart  |  Data Inward Remittances—Southeast Asia
    Chart  |  Data Inward Remittances—South Asia
    Chart  |  Data Inward Remittances from Middle East—Bangladesh, Pakistan, and the Philippines
    Chart  |  Data Outward Remittances—Kazakhstan

  • Monetary Indicators
    Exchange Rate Indexes
    Chart  |  Data Exchange Rate Indexes—ASEAN-4 plus Viet Nam
    Chart  |  Data Exchange Rate Indexes—Central Asia
    Chart  |  Data Exchange Rate Indexes—NIEs and People’s Republic of China
    Chart  |  Data Exchange Rate Indexes—South Asia
    Headline Inflation
    Chart  |  Data Headline Inflation—ASEAN-4 plus Viet Nam
    Chart  |  Data Headline Inflation—Central Asia
    Chart  |  Data Headline Inflation—NIEs and People’s Republic of China
    Chart  |  Data Headline Inflation—South Asia
    Policy Rates
    Chart  |  Data Policy Rates—ASEAN-4 plus Viet Nam
    Chart  |  Data Policy Rates—Central Asia
    Chart  |  Data Policy Rates—NIEs and People’s Republic of China
    Chart  |  Data Policy Rates—South Asia
    Bank Lending
    Chart  |  Data Bank Lending Growth—ASEAN-4 plus Viet Nam
    Chart  |  Data Bank Lending Growth—Kazakhstan
    Chart  |  Data Bank Lending Growth—NIEs and People’s Republic of China
    Chart  |  Data Bank Lending Growth—South Asia

  • Output Indicators
    Industrial Production
    Chart  |  Data Industrial Production Growth—ASEAN-4 plus Viet Nam
    Chart  |  Data Industrial Production Growth—Central Asia
    Chart  |  Data Industrial Production Growth—NIEs and People’s Republic of China
    Chart  |  Data Industrial Production Growth—South Asia

  • Trade Linkages
    Trade Growth
    Chart  |  Data Total Exports by Origin
    Chart  |  Data Import Growth by Origin—ASEAN-4
    Chart  |  Data Import Growth by Origin—India
    Chart  |  Data Import Growth by Origin—People’s Republic of China

  • Vulnerability Indicators
    Chart  |  Data Assessment of Financial Vulnerabilities
    Chart  |  Data Assessment of External Vulnerabilities

  • Key Indicators
    Chart  |  Data Key Indicators
 SPECIAL FEATURE: Assessing the monetary policy stance in Asia
Chart  |  Data Policy Rate Movement—Asia
Chart  |  Data Output Deviation from Trend (%)

JUNE 2013 • ISSUE NO. 2
 FULL REPORT
 RCI NEWS AND EVENTS
 MONETARY, FINANCIAL AND TRADE INDICATORS

  • Global Markets
    Chart  |  Data Equity Indexes—G3
    Chart  |  Data Equity Indexes—Emerging Markets
    Chart  |  Data Commodity Price Indexes
    Chart  |  Data Exchange Rate Indexes—euro and yen

  • Financial Indicators
    Equity Indexes
    Chart  |  Data Equity Indexes—ASEAN-4 plus Viet Nam
    Chart  |  Data Equity Index—Kazakhstan
    Chart  |  Data Equity Indexes—NIEs and PRC
    Chart  |  Data Equity Indexes—South Asia
    Remittances
    Chart  |  Data Inward Remittances—Southeast Asia
    Chart  |  Data Inward Remittances—South Asia
    Chart  |  Data Inward Remittances from Middle East—Bangladesh, Pakistan, and the Philippines
    Chart  |  Data Outward Remittances—Kazakhstan

  • Monetary Indicators
    Exchange Rate Indexes
    Chart  |  Data Exchange Rate Indexes—ASEAN-4 plus Viet Nam
    Chart  |  Data Exchange Rate Index—Kazakhstan
    Chart  |  Data Exchange Rate Indexes—NIEs and PRC
    Chart  |  Data Exchange Rate Indexes—South Asia
    Headline Inflation
    Chart  |  Data Headline Inflation—ASEAN-4 plus Viet Nam
    Chart  |  Data Headline Inflation—Central Asia
    Chart  |  Data Headline Inflation—NIEs and PRC
    Chart  |  Data Headline Inflation—South Asia
    Policy Rates
    Chart  |  Data Policy Rates—ASEAN-4 plus Viet Nam
    Chart  |  Data Policy Rates—Central Asia
    Chart  |  Data Policy Rates—NIEs and PRC
    Chart  |  Data Policy Rates—South Asia
    Bank Lending
    Chart  |  Data Bank Lending Growth—ASEAN-4 plus Viet Nam
    Chart  |  Data Bank Lending Growth—Kazakhstan
    Chart  |  Data Bank Lending Growth—NIEs and PRC
    Chart  |  Data Bank Lending Growth—South Asia

  • Output Indicators
    Industrial Production
    Chart  |  Data Industrial Production Growth—ASEAN-4 plus Viet Nam
    Chart  |  Data Industrial Production Growth—Central Asia
    Chart  |  Data Industrial Production Growth—NIEs and PRC
    Chart  |  Data Industrial Production Growth—South Asia
    GDP Growth G3
    Chart  |  Data GDP Growth—G3
    Chart  |  Data Contributions to GDP Growth2—United States
    Chart  |  Data Contributions to GDP Growth2—eurozone
    Chart  |  Data Contributions to GDP Growth—Japan
    GDP Growth Asia
    Chart  |  Data GDP Growth1—ASEAN-4 plus Viet Nam
    Chart  |  Data GDP Growth1—Central Asia
    Chart  |  Data GDP Growth1—NIEs and People’s Republic of China
    Chart  |  Data GDP Growth1—South Asia

  • Trade Linkages
    Export Growth by Destination
    Chart  |  Data Export Growth by Destination—ASEAN-4
    Chart  |  Data Export Growth by Destination—India
    Chart  |  Data Export Growth by Destination—NIEs
    Chart  |  Data Export Growth by Destination—People’s Republic of China
    Import Growth by Origin
    Chart  |  Data Import Growth by Origin—ASEAN-4
    Chart  |  Data Import Growth by Origin—India
    Chart  |  Data Import Growth by Origin—NIEs
    Chart  |  Data Import Growth by Origin—People’s Republic of China

  • Vulnerability Indicators
    Chart  |  Data Assessment of Financial Vulnerabilities
    Chart  |  Data Assessment of External Vulnerabilities

  • Key Indicators
    Chart  |  Data Key Indicators

MAY 2013 • ISSUE NO. 1
 FULL REPORT
 RCI NEWS AND EVENTS
 MONETARY, FINANCIAL AND TRADE INDICATORS

  • Global Markets
    Chart  |  Data Equity Indexes—eurozone, Japan, and the United States
    Chart  |  Data Equity Indexes—Emerging Markets
    Chart  |  Data Commodity Price Indexes
    Chart  |  Data Exchange Rate Indexes—euro and yen

  • Financial Indicators
    Equity Indexes
    Chart  |  Data Equity Indexes—ASEAN-4 plus Viet Nam
    Chart  |  Data Equity Index—Kazakhstan
    Chart  |  Data Equity Indexes—NIEs and PRC
    Chart  |  Data Equity Indexes—South Asia
    Remittances
    Chart  |  Data Inward Remittances—Southeast Asia
    Chart  |  Data Inward Remittances—South Asia
    Chart  |  Data Inward Remittances from Middle East—Bangladesh, Pakistan, and the Philippines
    Chart  |  Data Outward Remittances—Kazakhstan

  • Monetary Indicators
    Exchange Rate Indexes
    Chart  |  Data Exchange Rate Indexes—ASEAN-4 plus Viet Nam
    Chart  |  Data Exchange Rate Index—Kazakhstan
    Chart  |  Data Exchange Rate Indexes—NIEs and PRC
    Chart  |  Data Exchange Rate Indexes—South Asia
    Inflation
    Chart  |  Data Headline Inflation—ASEAN-4 plus Viet Nam
    Chart  |  Data Headline Inflation—Central Asia
    Chart  |  Data Headline Inflation—NIEs and PRC
    Chart  |  Data Headline Inflation—South Asia
    Policy Rates
    Chart  |  Data Policy Rates—ASEAN-4 plus Viet Nam
    Chart  |  Data Policy Rates—Central Asia
    Chart  |  Data Policy Rates—NIEs and PRC
    Chart  |  Data Policy Rates—South Asia
    Bank Lending
    Chart  |  Data Bank Lending Growth—ASEAN-4 plus Viet Nam
    Chart  |  Data Bank Lending Growth—Kazakhstan
    Chart  |  Data Bank Lending Growth—NIEs and PRC
    Chart  |  Data Bank Lending Growth—South Asia

  • Output Indicators
    Industrial Production
    Chart  |  Data Industrial Production Growth—ASEAN-4 plus Viet Nam
    Chart  |  Data Industrial Production Growth—Central Asia
    Chart  |  Data Industrial Production Growth—NIEs and PRC
    Chart  |  Data Industrial Production Growth—South Asia

  • Trade Linkages
    Export Growth by Destination
    Chart  |  Data Export Growth by Destination—ASEAN-4
    Chart  |  Data Export Growth by Destination—India
    Chart  |  Data Export Growth by Destination—NIEs
    Chart  |  Data Export Growth by Destination—People’s Republic of China
    Import Growth by Origin
    Chart  |  Data Import Growth by Origin—ASEAN-4
    Chart  |  Data Import Growth by Origin—India
    Chart  |  Data Import Growth by Origin—NIEs
    Chart  |  Data Import Growth by Origin—People’s Republic of China

  • Vulnerability Indicators
    Chart  |  Data Assessment of Financial Vulnerabilities
    Chart  |  Data Assessment of External Vulnerabilities

  • Key Indicators
    Chart  |  Data Key Indicators

Office of Regional Economic Integration
Asia Regional Integration Center

The monthly Regional Cooperation and Integration (RCI) Information Pack monitors RCI news and events, categorized under the four RCI pillars of (i) cross-border infrastructure, (ii) trade and investment, (iii) money and finance, and (iv) regional public goods. It also presents high-frequency monetary, financial, and trade indicators, whichtaken togethercan help monitor the economic links between the economies of Asia and the Pacific, and major partners outside the region. The RCI Information Pack is published by the Asian Development Bank (ADB), produced by ADBs Office of Regional Economic Integration (OREI).

How to reach us

Asian Development Bank
Office of Regional Economic Integration
6 ADB Avenue Mandaluyong City 1550 Metro Manila, Philippines
Telephone: +63 2 632 6302
Facsimile: +63 2 636 2183
E-mail: aric_info@adb.org

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