

Taiwan’s economy set for growth, driven by AI and tech exports
DBS Bank has upgraded Taiwan’s GDP growth forecast for this year to 4.2%, up from 3.5%, driven by robust demand for AI technology and...
Jul 17, 2024


China’s Q2 economic growth falls short at 4.7%
China’s economy grew by just 4.7% in the second quarter of 2024, falling short of the expected 5.1% and slowing from the previous...
Jul 16, 2024


Singapore’s wealth gap widens, exceeds Hong Kong and Indonesia
Since the 2008 financial crisis, average wealth per adult in Singapore has increased significantly, but so has wealth inequality, now...
Jul 11, 2024


World Bank cuts Thailand’s economic outlook to 2.4%
Thailand’s economic growth forecast for this year has been revised down to 2.4% from 2.8%, impacted by sluggish exports and public...
Jul 4, 2024


Hong Kong banks see 5% profit rise
Hong Kong’s retail banks recorded a 5% increase in pre-tax operating profit in the first quarter year-on-year, driven by higher...
Jul 1, 2024


54% of Philippine CEOs doubt business viability without change
Over half of CEOs in the Philippines worry their businesses won’t be viable in the next decade without significant changes, reports PwC...
Jun 28, 2024


40% of Taiwanese workers face financial difficulties despite wage hike
In Taiwan, workers earned an average monthly wage of TWD47,000 (USD1,443) this year, marking a 5.4% increase from last year, hitting a...
Jun 28, 2024


Vietnam to surpass Q1 GDP growth in Q2, says PM
Vietnamese Prime Minister Pham Minh Chinh announced at the World Economic Forum in China that Vietnam’s GDP growth for the second quarter...
Jun 27, 2024


Singapore remains most expensive city for wealthy in 2024
Singapore remains the most expensive city for high-net-worth (HNW) individuals for the second year, according to Julius Baer’s Global...
Jun 26, 2024


Southeast Asia tech funding plummets 65% in H1 2024
In the first half of 2024, Southeast Asia (SEA) tech companies raised USD1.6bn, a 65% drop from USD4.5bn in H1 2023, and 37% lower than...
Jun 24, 2024


Hong Kong jobless rate unchanged at 3% in March-May
Hong Kong’s unemployment rate remained steady at 3% for the March-May period, despite a 2.2% increase in the unemployed population to...
Jun 24, 2024


S&P cuts Philippines 2024 GDP outlook to 5.8%
S&P Global Ratings lowered its GDP forecast for the Philippines, predicting 5.8% growth for 2024, down from 5.9%, and 6.1% for 2025, down...
Jun 24, 2024


KPMG slashes Hong Kong’s 2024 IPO estimate
KPMG cut its forecast for Hong Kong’s new listing fundraising by 40% to HKD60bn (USD7.7bn) for this year, despite improved market...
Jun 20, 2024


Malaysia announces intent to join BRICS
Malaysia is set to join the BRICS group of emerging economies, Prime Minister Anwar Ibrahim announced in an interview with Chinese media...
Jun 20, 2024


Vietnam continues to be Southeast Asia’s bright star
Vietnam remains a “bright star” in Southeast Asia despite last year’s power shortages and a weakened real estate market, according to Kai...
Jun 19, 2024


Taiwan’s financial sector optimistic on revenue growth
Taiwan’s financial institutes are optimistic, with 50% expecting revenue growth compared to 33% in other sectors, according to...
Jun 18, 2024


Hong Kong, Singapore top most expensive cities list
Hong Kong and Singapore topped the list of the world’s most expensive cities for expatriates, surpassing Swiss cities for the second...
Jun 18, 2024


Philippines and Malaysia boost economic ties
Philippines Finance Secretary Ralph Recto and the Malaysian Ambassador to the Philippines, Dato’ Abdul Malik Melvin Castelino, recently...
Jun 17, 2024


Fitch upgrades Philippines banking sector outlook to ‘improving’
Fitch Ratings has upgraded its outlook for the Philippine banking sector from ‘neutral’ to ‘improving,’ citing the potential for...
Jun 14, 2024


South Korea sees record number of businesses founded by seniors in Q1
The number of enterprises founded by individuals aged 60 and above hit a record high in the first quarter, despite an overall decline in...
Jun 13, 2024







