ECONOMY 9/12

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Mar 19

South Korea, OECD discuss digital finance evolution in Southeast Asia

South Korea and the OECD inaugurated a conference in Seoul to explore advances in financial systems for Southeast Asian nations. This...

Hong Kong to welcome 20 more strategic enterprises

Mar 19

ECONOMY

Hong Kong to welcome 20 more strategic enterprises

Hong Kong’s Financial Secretary Paul Chan Mo-po announced the initiation of the second batch of around 20 strategic enterprises setting...

Transition finance critical for SE Asia to achieve net-zero goals

Mar 18

ECONOMY

Transition finance critical for SE Asia to achieve net-zero goals

Southeast Asia’s pivotal role in achieving net-zero emissions hinges on securing over USD50bn for a green transition, underscored at the...

HKMA launches Phase 2 of e-HKD pilot of digital currency use

Mar 18

ECONOMY

HKMA launches Phase 2 of e-HKD pilot of digital currency use

The Hong Kong Monetary Authority (HKMA) announced the initiation of Phase 2 of the e-HKD Pilot Programme, aimed at exploring further...

US trade mission leads to over USD1bn investments in the Philippines

Mar 18

ECONOMY

US trade mission leads to over USD1bn investments in the Philippines

US Secretary of Commerce Gina Raimondo confirmed the swift realisation of over USD1bn in US investment pledges in the Philippines,...

Economists upgrade Singapore’s economic outlook for 2024

Mar 15

ECONOMY

Economists upgrade Singapore’s economic outlook for 2024

Private-sector economists have slightly upgraded Singapore’s 2024 economic growth forecast to 2.4%, a small increase from the previous...

Mar 15

ECONOMY

Vietnam's PM engages top businesses to boost economy amid slow lending

Vietnamese Prime Minister Pham Minh Chinh convened with leaders of the nation’s premier companies to devise strategies for invigorating...

Vietnam's insurance sector shows early 2024 growth

Mar 14

ECONOMY

Vietnam's insurance sector shows early 2024 growth

Vietnam’s insurance industry has witnessed a rebound in the first two months of 2024, with the Ministry of Finance reporting a 1.6%...

Mar 13

ECONOMY

Sustainability Week Asia's Day 2 agenda tackles net-zero transition, green economy

The second day of the 3rd Annual Sustainability Week Asia event was held on March 12 at The Athenee Hotel, and engaged leaders in...

Philippines' pre-need sector witnesses robust growth in 2023

Mar 13

ECONOMY

Philippines' pre-need sector witnesses robust growth in 2023

The Philippine pre-need industry’s net income soared nearly five-fold to PHP2.09bn (USD38m) in 2023 from PHP429.6m in 2022, driven by a...

Singapore business optimism hits yearly high in Q2 2024

Mar 13

ECONOMY

Singapore business optimism hits yearly high in Q2 2024

Singapore’s Business Optimism Index (BOI) has reached a one-year high in Q2 of 2024, marking a continuous growth trajectory, as reported...

Sustainability Week Asia kickstarts in Bangkok

Mar 12

ECONOMY

Sustainability Week Asia kickstarts in Bangkok

Bangkok’s The Athenee Hotel hosts the third annual Sustainability Week Asia from March 11-13, uniting leaders in sustainability to...

Malaysian sovereign wealth fund Khazanah Nasional's profit triple in 2023

Mar 12

ECONOMY

Malaysian sovereign wealth fund Khazanah Nasional's profit triple in 2023

Khazanah Nasional Bhd, Malaysia’s sovereign wealth fund, reported a 4% increase in net asset value (NAV) to MYR84.8bn (USD18bn) in 2023,...

Hong Kong accountants urged to adopt European sustainable standards

Mar 11

ECONOMY

Hong Kong accountants urged to adopt European sustainable standards

The Association of Chartered Certified Accountants Hong Kong recently hosted a fireside chat with European sustainability pioneers....

Vietnamese businesses seek more support amid 2024 challenges

Mar 11

ECONOMY

Vietnamese businesses seek more support amid 2024 challenges

Vietnamese businesses are calling for increased support to navigate challenges and embrace green production and digital transformation. A...

Chinese investment in Asia-Pacific soars by 37% in 2023

Mar 8

ECONOMY

Chinese investment in Asia-Pacific soars by 37% in 2023

Chinese investment in the Asia-Pacific region surged by 37% in 2023; reaching nearly USD20bn, defying the global downturn and the...

Cross-border digital transfers set for 2026 in Southeast Asia

Mar 8

REGULATION

Cross-border digital transfers set for 2026 in Southeast Asia

The Bangko Sentral ng Pilipinas (BSP) plans to launch an instant cross-border digital remittance service in Southeast Asia by July 2026,...

China projects confidence in economic strategy at annual gathering

Mar 7

ECONOMY

China projects confidence in economic strategy at annual gathering

Delegates across China are converging in Beijing for the nation’s paramount political assembly, aiming to outline economic strategies...

Citi’s CEO forecasts rise in banking fees, Q1 optimism

Mar 7

ECONOMY

Citi’s CEO forecasts rise in banking fees, Q1 optimism

Citigroup CEO Jane Fraser anticipates a low-teens percentage increase in investment banking fees in Q1 versus Q4 2023, despite expecting...

Mar 7

ECONOMY

Thai economy set for second-half surge, forecasts unchanged

Thailand’s economy is projected to grow by 2.8%-3.3% in 2024, according to the Joint Standing Committee on Commerce, Industry and...

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