

South Korea warns of economic slowdown amid political turmoil
South Korea’s finance minister said a slowdown in economic growth is unavoidable as the government prepares to lower forecasts for this...
Dec 25, 2024


Thailand sees 90,000 new businesses in 2024
Thailand’s Department of Business Development (DBD) projects nearly 90,000 new businesses will register in 2024, a 2-3% increase...
Dec 25, 2024


Foreign firms in HK surge to 9,960, employment rises
Hong Kong hosted 9,960 firms with parent companies outside the city this year, a record high and a 10% increase from 2023, government...
Dec 24, 2024


Losses widen at Singapore’s digital startup banks
Singapore’s digital banks remain loss-making despite increased revenues since their launch about two years ago. GXS Bank, backed by Grab...
Dec 23, 2024


South Korean economy grows 6.9% per year since 1954
South Korea’s economy grew at an annualised average of nearly 7% after a revision in the base year for economic growth data, central bank...
Dec 20, 2024


China-US economic group meets in South Africa
The China-US economic working group held its seventh meeting in Johannesburg, South Africa, China’s Ministry of Finance said. The...
Dec 19, 2024


World Bank identifies excessive tax evasion and too few audits in Indonesia
At least one in four Indonesian firms evaded tax last year, a World Bank survey found, citing perceptions of widespread tax avoidance and...
Dec 19, 2024


Vietnam set to beat 7% GDP growth target for 2024
Vietnam's GDP growth is on track to surpass its 7% target for 2024, aided by supportive policies and stronger export performance, Deputy...
Dec 19, 2024


Top global leaders to convene at Hong Kong’s AFF 2025
The 18th Asian Financial Forum (AFF), set for January 13-14, 2025, will convene more than 100 global policymakers, investors, and...
Dec 19, 2024


South Korean businesses push parliament for economic certainty
SK Group Chairman Chey Tae-won, who also leads the Korea Chamber of Commerce and Industry, called for stable economic policies amid...
Dec 18, 2024


Hong Kong’s luxury appeal slips among mainland elite
Hong Kong’s appeal to mainland China’s first-tier city luxury consumers declined by 5%, while its attractiveness surged 20% among...
Dec 17, 2024


Standard Chartered lowers HK’s 2025 growth forecast to 2.2%
Standard Chartered cut its 2025 economic growth forecast for Hong Kong to 2.2%, citing weaker exports, subdued consumption, and...
Dec 12, 2024


Hong Kong positioned to support ASEAN’s green transition
Lee Ho-tak, managing director of family office Cheah Capital, emphasised that ESG initiatives not only benefit society but also deliver...
Dec 11, 2024


Japan’s 2024 bankruptcies poised to hit highest level since 2013
Japan’s bankruptcy filings are on track to surpass 10,000 this year, marking the highest level since 2013, according to Tokyo Shoko...
Dec 11, 2024


Billionaire wealth doubles to USD14tr over decade, led by tech
Billionaires’ combined wealth surged 121% over the past decade to USD14tr, according to UBS’s Billionaire Ambitions report. The number of...
Dec 11, 2024


Beijing warns against 'worship of speed' in growth
Chinese state media warned against pushing for faster growth at all costs and emphasised boosting domestic consumption, days before next...
Dec 9, 2024


Accounting industry faces challenges amid economic headwinds
The accounting industry is confronting complex challenges due to economic headwinds, increased competition, and geopolitical tensions,...
Dec 5, 2024


Hong Kong ready to join RCEP, says chief Executive John Lee
Hong Kong is fully prepared to join the Regional Comprehensive Economic Partnership (RCEP), Chief Executive John Lee Ka-chiu said at the...
Dec 5, 2024


Thailand finalises free trade deal with EFTA countries
Thailand has concluded negotiations on a free trade agreement (FTA) with the European Free Trade Association (EFTA), marking its first...
Dec 3, 2024


Vietnam aims for about 8% economic growth in 2025
Vietnam’s Prime Minister Pham Minh Chinh announced that the government aims for economic growth of about 8% in 2025, surpassing the...
Dec 3, 2024

