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May 29

South Korea’s finance minister plans bilateral talks with Japan, China

South Korean Finance Minister and Deputy Prime Minister Choi Sang-mok announced plans for bilateral meetings with his Japanese and...

Vietnam’s foreign investment pledges drop 42% in May

May 28

ECONOMY

Vietnam’s foreign investment pledges drop 42% in May

Foreign investment pledges to Vietnam fell 42% to USD1.8bn in May, compared to April, signaling potentially reduced future inflows for...

Nearly 99,000 enterprises enter Vietnamese market in early 2024

May 27

ECONOMY

Nearly 99,000 enterprises enter Vietnamese market in early 2024

In the first five months of this year, 98,825 enterprises either entered or re-entered the market in Vietnam, marking a 4.1% increase...

Japan seeks foreign investment with market reforms

May 24

ECONOMY

Japan seeks foreign investment with market reforms

Japanese Prime Minister Fumio Kishida urged foreign investment on Wednesday, pledging capital market reforms and promoting asset...

Singapore maintains 2024 growth forecast at 1-3%

May 24

ECONOMY

Singapore maintains 2024 growth forecast at 1-3%

Singapore has maintained its 2024 full-year growth forecast at 1-3%, citing a resilient external demand outlook, the Ministry of Trade...

Morgan Stanley says Tokyo catches up with Singapore, HK

May 23

ECONOMY

Morgan Stanley says Tokyo catches up with Singapore, HK

Morgan Stanley’s Asia CEO said Tokyo is catching up with rival financial hubs as Japan’s economy exits decades-long deflation, enhancing...

China’s fiscal revenue falls 2.7% in early 2024

May 21

ECONOMY

China’s fiscal revenue falls 2.7% in early 2024

China’s fiscal revenue fell 2.7% in the first four months of 2024, following a 2.3% drop in the January-March period, signaling an uneven...

Japanese firms approve largest wage hike in 33 years

May 21

ECONOMY

Japanese firms approve largest wage hike in 33 years

Top Japanese companies agreed to wage increases averaging 5.58% at annual labor talks in March, the Keidanren business lobby reported....

May 20

ECONOMY

APEC projects 3.4% growth in 2024

Growth in the Asia-Pacific Economic Cooperation (APEC) trade bloc is projected to reach 3.4% in 2024, slowing to 2.9% in 2025-2026,...

Maya Bank, WeFund to boost loans for underserved Filipinos

May 20

ECONOMY

Maya Bank, WeFund to boost loans for underserved Filipinos

Philippine digital banking leader Maya Bank and Wefund Lending Corporation have established a PHP2.75bn (USD47.265m) loan channeling deal...

May 17

ECONOMY

Japan’s economy contracts in Q1, policy challenges ahead

Japan’s economy contracted in the first quarter, driven by weaker private consumption and external demand, challenging policymakers as...

Malaysia’s banks set for solid Q1, driven by loan expansion

May 17

ECONOMY

Malaysia’s banks set for solid Q1, driven by loan expansion

Malaysia’s banking sector is expected to post strong earnings for the first quarter of 2024, supported by robust loan growth and a rise...

May 16

ECONOMY

50% of Japanese firms invested in China downbeat on economy

Half of Japanese companies invested in China anticipate its economy will deteriorate this year, with no plans to boost investment,...

Fitch predicts a robust 2024 for Taiwanese securities firms

May 16

ECONOMY

Fitch predicts a robust 2024 for Taiwanese securities firms

Taiwanese securities companies are expected to maintain strong earnings momentum this year after a solid recovery last year, Fitch...

Philippine bank assets surpass USD432bn in Q1

May 15

ECONOMY

Philippine bank assets surpass USD432bn in Q1

Total assets of the Philippine banking system rose over 10%, exceeding PHP25tr (USD432bn) in the first quarter, according to the Bangko...

Singaporean companies ramp up investments in Indonesia

May 15

ECONOMY

Singaporean companies ramp up investments in Indonesia

The interest of Singaporean companies in entering and expanding in Indonesia is growing, driven by the large market size and emerging...

Malaysia’s Johor proposes special economic zone with Singapore

May 13

ECONOMY

Malaysia’s Johor proposes special economic zone with Singapore

Malaysia’s Johor state is proposing to establish a special economic zone with neighbouring Singapore, aspiring to transform into the...

Chief executive John Lee sets three financial goals for HK

May 10

ECONOMY

Chief executive John Lee sets three financial goals for HK

Hong Kong Chief Executive John Lee Ka-chiu emphasised three aspirations for the city’s financial sector at a forum focused on the...

Central banks urged to adopt digital currencies for stability, efficiency

May 7

ECONOMY

Central banks urged to adopt digital currencies for stability, efficiency

European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau advocates for central banks to adopt digital currencies...

May 6

ECONOMY

Hong Kong economy surpasses expectations with 2.7% growth in Q1

Hong Kong’s economy grew by 2.7% in the first quarter of 2024, exceeding market expectations of 0.8% growth but slower than the 4.3% seen...

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