EM Asia: would the real export data please stand up Singapore: March NODX bounce back on pharma; tight domestic monetary conditions could dampen external lift Chinese Airlines Sector：March operations surprised；CSA outperformed in pax,Air China in cargo；stay OW AC,CSA-H-Shares India Power Sector：4QFY15 Preview-A good quarter for regulated utilities,but a weakflat one for IPPs Asia focus：bank loans and deposits China: PBOC announced a larger-than-expected RRR cut Solid throughput growth through 3M15; port ASP in China confirmed to rise this year Capital&Complexity Key Overhangs on ROE Spotlight on Indonesia: The View from the Slow Lane India