ECONOMY 10/12

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Mar 6

Taiwan sees steady economic growth in January

In January, Taiwan’s economic indicators showed steady growth, with the National Development Council’s (NDC) business climate monitor...

M&A slowdown forces HK law firms to downsize office space

Mar 6

ECONOMY

M&A slowdown forces HK law firms to downsize office space

Hong Kong’s leading law firms are downsizing their office space in prime areas due to reduced activity in mergers, acquisitions, and IPOs...

Thailand’s economic crisis spurs urgent stimulus measures

Mar 5

ECONOMY

Thailand’s economic crisis spurs urgent stimulus measures

Thailand faces a dire economic situation, with the prime minister’s chief of staff, Prommin Lertsuridej, emphasising the urgency of...

Japan considers declaring end to decades-long deflation

Mar 5

ECONOMY

Japan considers declaring end to decades-long deflation

Japan is contemplating declaring an end to its longstanding deflation, as reported by Kyodo news agency, based on insights from informed...

Malaysia’s EPF announces record dividend payout for 2023

Mar 4

ECONOMY

Malaysia’s EPF announces record dividend payout for 2023

Malaysia’s Employees Provident Fund (EPF) has declared a record dividend payout of MYR57.8bn (USD12.2m) for 2023, with a 5.5% rate for...

AI set to transform 75% of banking tasks, Accenture finds

Mar 4

ECONOMY

AI set to transform 75% of banking tasks, Accenture finds

Accenture’s analysis reveals artificial intelligence (AI) could assist or replace tasks comprising nearly three-quarters of bank...

Islamic finance in Indonesia hits USD156.8bn

Feb 28

ECONOMY

Islamic finance in Indonesia hits USD156.8bn

Indonesia’s Islamic financial industry has demonstrated significant growth, with its sharia finance assets increasing by 6.75% to...

Indonesia targets 5.3%-5.6% GDP growth for 2025

Feb 27

ECONOMY

Indonesia targets 5.3%-5.6% GDP growth for 2025

Indonesia’s planning minister announced Monday that the country targets an annual GDP growth rate of 5.3% to 5.6% for 2025, with a fiscal...

South Korea warns of overseas real estate investment risks

Feb 26

ECONOMY

South Korea warns of overseas real estate investment risks

South Korean regulators highlighted the potential risks posed by the country’s financial sector’s significant investments in overseas...

Singapore fintechs to expand in Malaysia with Project Tapir

Feb 26

ECONOMY

Singapore fintechs to expand in Malaysia with Project Tapir

Singapore’s Fintech Association has embarked on Project Tapir, a collaboration with Malaysian venture capital firms Artem Ventures and...

China's public fund assets slightly dip to USD3.85tr

Feb 26

ECONOMY

China's public fund assets slightly dip to USD3.85tr

China’s public offering funds’ assets under management totaled CNY27.36tr (approximately USD3.85tr) in January, as reported by the Asset...

Indonesia inches closer to OECD membership, a first for SE Asia

Feb 23

ECONOMY

Indonesia inches closer to OECD membership, a first for SE Asia

The OECD has initiated Indonesia's membership process, marking Indonesia's potential to become the first Southeast Asian country to join,...

Feb 23

ECONOMY

Japan downgrades economy

Japan's government downgraded its economic outlook for the first time in three months, noting weaknesses in private consumption and...

Feb 21

ECONOMY

Malaysia's banks urged to navigate complexity, transform economy

Malaysian Prime Minister Datuk Seri Anwar Ibrahim has urged the country's banks to remain competitive amidst the "three Cs" of...

Feb 19

ECONOMY

Germany overtakes Japan as third-largest economy

Japan's economy slipped into recession, shrinking at an annualized pace of 0.4% in the last quarter of 2023, following a 3.3% contraction...

German investment in China hits record USD12.7bn

Feb 16

ECONOMY

German investment in China hits record USD12.7bn

German direct investment in China surged 4.3% to a record EUR11.9bn (USD12.7bn) in the last year, marking an increased focus of Germany’s...

Feb 16

ECONOMY

Singapore’s economy grows 1.1% in 2023, slightly below estimates

In 2023, Singapore’s economy grew by 1.1%, slightly below the initially estimated 1.2%, as reported by the Ministry of Trade and Industry...

South Korea’s mobile payments market soars by USD12.72bn in 2023

Feb 16

ECONOMY

South Korea’s mobile payments market soars by USD12.72bn in 2023

South Korea’s mobile payments market experienced significant growth last year, with a KRW17tr (USD12.72bn) increase, reaching a total of...

Vietnam needs to build national corporations to boost growth

Feb 14

ECONOMY

Vietnam needs to build national corporations to boost growth

Vietnam’s Ministry of Planning and Investment emphasised the pivotal role of national and large-scale corporations in driving the...

Over 80% of Taiwanese CEOs confident in economic growth

Feb 14

ECONOMY

Over 80% of Taiwanese CEOs confident in economic growth

A recent KPMG survey indicates that over 80% of Taiwanese CEOs are optimistic about Taiwan’s economic future over the next three years,...

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