Cobra Gold military training, South Korean birth rate, India's GDP

Welcome to your week in Asia.

Monday will see the start of Cobra Gold 2024, a multinational military exercise in Thailand aimed at improving regional interoperability.

Hong Kong will announce its budget for 2024/25 on Wednesday.

On Thursday, India will release its GDP for the October-December quarter, and South Korea is set to release its birth rate for 2023, which is expected to decline further from 0.78 in 2022.

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Monday

Thailand, USA begin Cobra Gold exercise

Southeast Asia's longest-running military exercise begins Monday, March 8, with 30 participating nations, including co-hosts Thailand and the United States, with more than 4,000 troops in major exercises with Singapore, Indonesia, Japan and South Korea. and Malaysia are participating. China and India to join humanitarian aid training exercise

China is gearing up for the annual legislative session

The Standing Committee of the National People's Congress, China's top legislature, is set to begin a two-day meeting to finalize the agenda for the annual meeting starting March 5. The agenda includes the national budget and socio-economic development plans for 2024. Before the annual session of Parliament.

Mobile World Congress begins in Barcelona

A global showcase for cutting-edge connectivity and wireless technologies, Mobile World Congress will see industry giants unveil their latest offerings in mobile chips, telecoms, cloud and related devices. In 2024, the focus will be on two main themes: using AI in different industries and showcasing AI-powered advancements in servers, PCs, smartphones and other devices. Tech companies such as Microsoft, HP and Dell are also planning to demonstrate how they can use AI technologies in services and products to help digitize the 5G network infrastructure.

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tuesday

Japan data: January CPI

Wednesday

Hong Kong Budget

The Hong Kong government will announce the budget for 2024/25. The finance secretary has forecast a deficit of $100 million in Hong Kong dollars in recent months, more than double the original estimate. Financial analysts point to a slump in land sales and lower stamp duties that have depleted government reserves. Some analysts have suggested that the authorities should review the tax system.

Philippine President Visits Australia

Philippine President Ferdinand Marcos Jr. is heading to Australia, where he will address parliament and meet with senior officials to discuss trade, defense and investment. The two countries upgraded their relationship to a strategic partnership by 2023 and are expected to sign new agreements to strengthen „mutual capacity building” during the two-day visit.

Earnings: Baidu, Sun Hung Kai Properties, OCBC, Coupang

Monetary Policy: New Zealand

Thursday

South Korean birth rate for 2023

The new figures are expected to mark a continued decline in South Korea's birth rate, which is already one of the lowest in the world, adding urgency to the difficult task of averting an economic crisis caused by a shrinking population.

South Korean policymakers predict that the birth rate of 0.72 recorded last year will drop to 0.65 in 2025, threatening the country's economic growth and its ability to provide welfare measures such as pensions for a growing population of elderly people.

GDP: India

Revenue: HKEX

Friday

China data: PMI

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