

Mixed financial trends in HK's March monetary report
The Hong Kong Monetary Authority disclosed a modest 0.2% increase in total deposits at authorised institutions for March, despite a...
May 3, 2024


IMF upgrades 2024 Asia's economic outlook
The IMF has raised its 2024 growth forecast for Asia to 4.5%, up from 4.2% in its October estimate, reflecting improved economic...
May 2, 2024


Singapore PM Lee says Indonesia to drive ASEAN’s green growth
Singapore's prime minister, Lee Hsien Loong, expressed anticipation for Indonesia to spearhead Southeast Asia's green economy growth...
Apr 30, 2024


Hong Kong's GDP set to grow 2.5-3.5% in Q1
Hong Kong's GDP is expected to continue its moderate growth trend, projecting a 2.5% to 3.5% increase for the first quarter, according to...
Apr 29, 2024


Philippines pushes for US free trade agreement amid election year
The Philippines continues to actively pursue a bilateral free trade agreement (FTA) with the US, despite not being a priority for the US...
Apr 29, 2024


Hong Kong small businesses optimistic for 2024 growth
Approximately 70% of small businesses in Hong Kong anticipate growth in 2024, the highest optimism in five years, as per a CPA Australia...
Apr 25, 2024


Vietnam’s economy set to grow 5.5% in 2024
Vietnam’s economy is poised to grow by 5.5% in 2024 and 6% in 2025, driven by recovery signs and stronger exports, according to a World...
Apr 25, 2024


Global hedge fund assets hit record USD4.3tr in Q1
The global hedge fund industry ended the first quarter with a record USD4.3tr in assets, data provider HFR said on Monday. The industry...
Apr 23, 2024


China’s deals slowdown hits HK’s investment banking sector
Hong Kong investment bankers face potential job cuts amid a deal slowdown in China, according to Bloomberg Intelligence. About 200...
Apr 23, 2024


Hong Kong unemployment edges up to 3% in March quarter
Hong Kong’s unemployment rate rose slightly to 3% in the March quarter, with an increase of 9,400 unemployed persons. Unemployment rates...
Apr 22, 2024


Banking sector faces AI, ML Risks, Basel committee chair warns
Banks must manage risks associated with using artificial intelligence (AI) and machine learning (ML) in their operations, stated Bank of...
Apr 19, 2024


IMF projects steady global growth at 3.2% through 2025
The International Monetary Fund (IMF) forecasts global economic growth to remain steady at 3.2% for 2024 and 2025, supported by robust...
Apr 18, 2024


China’s economy grows 5.3% in Q1, exceeding expectations
China’s economy exceeded expectations in the first quarter of the year, growing at an annual rate of 5.3%, surpassing forecasts of 4.8%,...
Apr 17, 2024


Singapore SMEs face continued challenges
Small and medium-sized enterprises (SMEs) in Singapore remained in contraction for the fifth consecutive quarter, with the OCBC SME Index...
Apr 17, 2024


Vietnamese banks report strong Q1 growth
In Q1 of 2024, several banks in Vietnam reported strong performance indicators, highlighted by significant credit growth. SeABank...
Apr 16, 2024


Green investments in SE Asia rise 20% to USD6.3bn in 2023
Private sector investments in Southeast Asia’s green economy rose 20% to USD6.3bn in 2023, from USD5.2bn the previous year, according to...
Apr 16, 2024


Singapore condemns air strikes on Israel, urges restraint
Singapore has condemned recent air attacks on Israel, attributing them to Iran as retaliation for an Israeli strike on Iran’s consulate...
Apr 15, 2024


Japan aims to reclaim tech leadership with major US investments
Japan’s push to reclaim its tech leadership could hinge on embracing rapid innovation and expanding its tech sectors like AI,...
Apr 15, 2024


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

