

Insurtech deals in SE Asia hit USD2.35bn in 2023
Insurtech deals in Southeast Asia surged to USD2.35bn in 2023, up from USD538m in 2022, despite macroeconomic challenges, according to an...
Aug 27, 2024


Philippines’ embedded finance to grow 42% annually
The Philippines’ financial industry is poised to drive a 42% annual growth in the embedded finance sector, according to a recent Fintech...
Aug 26, 2024


Thai economy nears crisis amid export decline says finance minister
Thailand’s economy is nearing crisis due to declining exports and uncompetitive manufacturing, said caretaker Finance Minister Pichai...
Aug 23, 2024


Digital economy forecast to capture 17% of global GDP by 2028
Forrester’s Global Digital Economy Forecast, 2023-2028 report, released on August 19, projects the digital economy to swell to...
Aug 20, 2024


Japan’s GDP surges 3.1%, beating forecasts
Japan’s economy grew by an annualized 3.1% in April-June, surpassing expectations due to a solid rise in consumption, according to data...
Aug 16, 2024


Key US-China economic officials to meet in Shanghai
Senior US and Chinese economic officials will meet in Shanghai on Aug. 15-16 for the first time since China outlined its long-term...
Aug 14, 2024


Thailand forms committee for financial hub
The Finance Ministry is forming a 34-member committee, chaired by Deputy Finance Minister Paopoom Rojanasakul, to develop policies and...
Aug 13, 2024


Foreign investors withdraw billions from China in Q2
Foreign investors withdrew a record amount from China last quarter, reflecting deep pessimism about the world's second-largest economy....
Aug 13, 2024


Singapore Q2 GDP grows 2.9%, exceeding expectations
Singapore's economy grew 2.9% year-on-year in the April-June quarter, matching official estimates and exceeding market expectations,...
Aug 13, 2024


ADB holds growth forecasts for Southeast Asia steady
The Asian Development Bank (ADB) maintained its 2024 and 2025 growth projections for Southeast Asia, citing a “solid improvement” in...
Jul 18, 2024


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

