EM Asia Datanote: Retail Sales, Taiwan, January 2026

• In one line: Spending on big items is failing to recover.  

EM Asia Datanote: CPI, Thailand, February 2026

• In one line: Diesel fix still more than safe; shading our 2026 forecast.

EM Asia Datanote: Bank Negara Malaysia Decision, March 2026

• In one line: Members hold rates, but seem spooked by the Middle East crisis. 

PANTHEON EM ASIA DATA WRAP 5 March 2026

Don’t read too much into the Lunar New Year noise in Singapore’s January sales
Returning food inflation drives Philippine inflation up higher; BSP target still safe

PANTHEON EM ASIA DATA WRAP 3 March 2026

Rising domestic and external demand lifting most boats in ASEAN

4 March 2026 Emerging Asia Monitor India--for now--can afford to shrug off the global oil-price surge to date

• We see no need yet to rethink our India CPI and rate calls, as fuel prices are already unnaturally high…
• …The clearer threat to CPI this year is the slowdown in agri growth; we see February inflation at 3.2%.
• The pre-Iran-war oil-price gains had barely any impact on industry in India and ASEAN.

EM Asia Datanote: IP, India, January 2026

• In one line: An understandable, and likely temporary, breather to start 2026.

3 March 2026 Emerging Asia Monitor Boost to Indonesian exports from oil spike still small compared to 2022

• Indonesian exports fell well short of expectations in January, with the commodities lift still subdued…
• …But this should change in H2, with prices set to lift growth above 10%, helping to rebuild the surplus.
• The breach of BI’s CPI target range in February is skin-deep, but we’ve upped our 2026 call to 2.7%.

PANTHEON EM ASIA DATA WRAP 2 March 2026

No post-Ukraine-war like burst, yet, to expect from export growth
Underlying price pressures rising, but feel free to ignore the breach of BI’s range

EM Asia Datanote: GDP, India, Q4

• In one line: New series paints a more stable picture of recent years; ’statistical discrepancies’ no longer a bug-bear. 

EM Asia Datanote: Retail Sales, Thailand, December 2025

• In one line: Household momentum is rebuilding, but still nowhere near as fast as this absurd headline suggests.

PANTHEON EM ASIA DATA WRAP 27 February 2026

Ignore the y/y misses; lots to be reassured about in the Philippine trade details

February 2026 Emerging Asia Chartbook

THAI BALLOT AND HOT Q4 GDP NO SILVER BULLET

• …INDIA’S 2026/27 BUDGET KICKS THE CAN DOWN THE ROAD

2 March 2026 Emerging Asia Monitor India's new GDP more stable and carries greater credibility

• GDP growth in India cooled modestly to 7.8% in Q4, from 8.4% in Q3, based on the revamped series…
• …‘Statistical discrepancies’ are now much less of a headache; we’ve raised our 2026 forecast to 6.7%.
• The Supreme Court’s tariff ruling is a clear win for EM Asia; risks to export growth, in all, are receding.

EM Asia Datanote: Bank of Thailand Decision, February 2026

• In one line: Members say “why wait” via a surprise cut.

26 February 2026 Emerging Asia Monitor BoT surprises with a cut, while also throwing its hands up in the air

• The BoT surprised almost all forecasters, including us, with an extra 25bp cut to its policy rate to 1.00%.
• At the same time, though, it has conceded the battle against structurally subdued GDP growth…
• …We still believe that 1.00% will mark the terminal rate, but more CPI misses could force another cut.

25 February 2026 Emerging Asia Monitor Malaysian electronics exports still booming, thanks to AI demand

• Malaysian exports continue to defy expectations, soaring by 19.6% in January, due to the AI boom…
• …CPI inflation remains elevated, but only because of a sewerage cost increase that affected housing.
• Singaporean core inflation showed a surprise seasonally adjusted month-to-month decline.

24 February 2026 Emerging Asia Monitor Thailand's scorching exports in January look like a one-off, for now

• Booming Korean exports in the first 20 days of February are mainly a semiconductor story…
• …Chip exports skyrocketed almost 180% thanks to rising prices and volumes.
• The BoK is likely to hold rates on Friday, despite soft activity outside the tech sector.

PANTHEON EM ASIA DATA WRAP 23 February 2026

An undoubtedly hot start to the year for two-way trade in Thailand

23 February 2026 Emerging Asia Monitor Has the sun set on Taiwan's non-electronics industries?

• Taiwan’s trade deal with the US has led to some strange upgrades to 2026 GDP among analysts...
• …We think the trade deal will make little difference; key AI exports were never constrained.
• Traditional industries would be unable to cushion the blow if AI demand were to suffer a pull-back.