

IMF cuts South Korea's 2025 growth forecast to 2%
The International Monetary Fund (IMF) lowered its economic growth forecast for South Korea to 2% for 2025, down from 2.2% projected in...
Nov 21, 2024


China supports HK’s growth as international financial hub
Chinese Vice Premier He Lifeng pledged to boost Hong Kong's competitiveness through investment in innovation and stronger financial...
Nov 20, 2024


Singapore, Hong Kong investors positive on Trump outlook
Hong Kong investors view Donald Trump’s election as beneficial for the global economy despite potential US-China tensions, a survey by...
Nov 19, 2024


Thai GDP growth forecast at 2.8% in 2025
Thailand's economy is projected to sustain moderate growth in 2025 despite external risks, the National Economic and Social Development...
Nov 18, 2024


Thailand targets 3.5% growth with new stimulus
Thailand aims for 3.5% economic growth in 2025, up from this year’s 2.7% forecast, with plans to implement additional stimulus measures,...
Nov 14, 2024


Hong Kong's 2023 growth expected near lower end of forecast
Hong Kong's economic growth for 2023 is anticipated to be near the lower end of the government's forecast range of 2.5% to 3.5%,...
Nov 13, 2024


Singapore eyes stronger ties with Trump administration
Singapore is ready to work with incoming US President Donald Trump and his administration to enhance bilateral ties and fortify the US...
Nov 8, 2024


Thai business leaders to discuss economic measures with central bank
Business leaders in Thailand are set to meet with the Bank of Thailand governor on November 14 to discuss new financial measures aimed at...
Nov 8, 2024


Trump's victory spurs calls for stronger South Korea-US ties
South Korea’s leading business organisations extended congratulations to Donald Trump following his victory in the US presidential...
Nov 7, 2024


Hong Kong economy slows to weakest pace in five quarters
Hong Kong's economy grew by 1.8% in Q3 compared to the same period last year, marking the slowest pace in five quarters, according to...
Nov 4, 2024


Indonesia boosts sharia economy to strengthen growth
Indonesia is emphasising the strategic role of sharia economics and finance in driving sustainable economic growth amid complex global...
Nov 1, 2024


Philippines eyes top 20% in World Bank business ready rankings by 2026
The Philippines aims to join the top 20% of countries in the World Bank’s Business Ready (B-READY) rankings by 2026, according to the...
Oct 30, 2024


Singapore’s digital economy grows 6.6% in 2023
Singapore’s digital economy expanded 6.6% in 2023, contributing SGD113bn, or 17.7% of GDP, according to the Infocomm Media Development...
Oct 29, 2024


IMF projects 6.1% growth for Vietnam in 2025
The International Monetary Fund's (IMF) updated World Economic Outlook 2025 projects Vietnam's economy to grow by 6.1% next year,...
Oct 25, 2024


Moody's warns rising household debt threatens ASEAN banks' asset quality
Southeast Asian banks, including those in the Philippines, face asset quality risks due to increasing household debt and elevated...
Oct 23, 2024


Southeast Asia needs USD190bn annually to meet climate goals by 2035
Southeast Asia must increase clean energy investments to USD190bn annually by 2035—about five times the current level—to meet climate...
Oct 23, 2024


Temasek, Saudi's PIF lead Moody's intrinsic credit quality rankings
Singapore's Temasek Holdings and Saudi Arabia's Public Investment Fund (PIF) have the strongest intrinsic credit quality among 11...
Oct 22, 2024


China’s Q3 growth hits six-quarter low
China’s economy likely recorded its weakest growth in six quarters, with third-quarter expansion expected at 4.5%, according to...
Oct 18, 2024


HSBC reviews China wealth business amid rising costs
HSBC Holdings Plc is reviewing expenses and operational controls at its China digital wealth business, Pinnacle, potentially leading to...
Oct 17, 2024


Hong Kong tops global economic freedom ranking
Hong Kong has been ranked as the world’s freest economy in the Fraser Institute’s Economic Freedom of the World: 2024 Annual Report,...
Oct 17, 2024