

Vietnam’s insurance revenue falls 4.3% in Q1 2024
In the first quarter of 2024, Vietnam’s insurance premium revenue declined by 4.3% to VND53.29tr (USD2.11bn), marking the fourth...
Apr 12, 2024


KKR, HSBC see revived confidence in China’s economy
Despite global investors withdrawing billions, KKR & Co. and HSBC Asset Management maintain a positive outlook on China, observing signs...
Apr 12, 2024


SE Asia growth to offset China’s economic slowdown: ADB report
The Asian Development Bank (ADB) reported that growth in Southeast Asia and South Asia is set to counterbalance China’s economic...
Apr 12, 2024


Hong Kong’s economic growth forecast to slow to 1.7%
Hong Kong’s economic growth is expected to slow to 1.7% this quarter, mainly due to high-interest rates, according to the University of...
Apr 11, 2024


Taiwan’s President-elect Lai names Cho Jung-tai as new premier
Taiwan’s president-elect Lai Ching-te announced the appointment of Cho Jung-tai, a former chairperson of the Democratic Progressive Party...
Apr 11, 2024


US and China boost cooperation on financial stability
The US and China are enhancing their collaboration on financial stability, with plans for more simulations following a recent joint...
Apr 10, 2024


Philippines to post fastest GDP growth in ASEAN+3 this year and next
The Philippines is poised to outpace ASEAN member countries, China, Japan, South Korea, and Hong Kong in economic growth for 2024 and...
Apr 10, 2024


Thailand proposes joint visa programme with Southeast Asian neighbours
Thailand’s Prime Minister Srettha Thavisin is spearheading a joint-visa programme with Cambodia, Laos, Malaysia, Myanmar and Vietnam to...
Apr 8, 2024


China encourages local firms to invest globally
China is encouraging its local companies to expand globally, particularly in lower-income countries, to boost investment and create jobs,...
Apr 8, 2024


Philippines to see strong growth, second in SE Asia
Moody’s Ratings projects the Philippines as Southeast Asia’s second-fastest growing economy for 2024 and 2025, with GDP growth forecasted...
Apr 5, 2024


Thai business group keeps growth outlook at 2.8%-3.3%
Thailand’s economy is forecasted to grow by 2.8% to 3.3% this year amid risks from sluggish exports and domestic demand. The Joint...
Apr 4, 2024


World Bank predicts dip in Asia-Pacific economic growth
The World Bank reports that developing economies in East Asia and the Pacific are facing slower growth due to sustained high-interest...
Apr 3, 2024


World Bank cuts Thailand growth forecast
The World Bank forecasts Thailand’s economic growth to hit 2.8% this year, with a slight increase to 3.0% in 2025, revised down from...
Apr 2, 2024


Smart City Summit highlights need for public-private collaboration
At the 2024 Smart City Summit and Expo in Taipei, ICT industry leaders emphasised the critical role of international partnerships in...
Apr 1, 2024


Insurtech Qoala secures USD47m, aims to democratise insurance in SEA
Indonesia’s Qoala has secured USD47m in Series C funding led by PayPal Ventures and MassMutual Ventures, with participation from MUFG...
Mar 28, 2024


China aims for stronger currency ties with Asia
China’s Central Bank Governor, Pan Gongsheng, emphasised strengthening currency cooperation with Asian economies to enhance regional...
Mar 28, 2024


Bangkok slips to 93rd place in global finance hub index
Bangkok’s financial centre status has slipped further, now ranking 93rd globally and third in Southeast Asia, trailing behind Singapore...
Mar 25, 2024


Japan's finance minister highlights urgency as yen weakens
Japan’s Finance Minister Shunichi Suzuki expressed significant concern over the currency market as the yen dropped to its lowest value in...
Mar 22, 2024


South Korea commits USD337bn to climate change initiatives by 2030
South Korea and its local banks have committed to investing KRW452tr (USD337.4bn) by 2030 to address climate change, aligning with the...
Mar 21, 2024


Philippines-EU trade talks set to resume in Q3 2024
The Philippines and the EU aim to restart free trade agreement (FTA) negotiations in the third quarter of 2024, according to Department...
Mar 21, 2024





