Saturday, July 31, 2021
Vietnam's economic hub Ho Chi Minh City began a two-week lockdown Friday (July 9) in the hope to contain the country's worst Covid-19 virus outbreak. The city of nine million had previously been subjected to travel restrictions for a month but infection rates were steadily rising - with more than 9,400...
On June 21, Vietnam and Singapore agreed to set up a joint technical working group on Digital Partnership, examining the potential for developing a bilateral digital economy agreement. This initiative took place right before the High Level Opening of the Asia Europe Meeting (ASEM) High Level Policy Dialogue, indicating its importance...
The prolonged Covid-19 pandemic is clouding economic projections for Southeast Asia, with most countries not expected to return to pre-pandemic growth levels for several years. The Philippines will see the largest decline in average annual gross domestic product growth in the three years ending 2022 -- more than five percentage...
Monthly mega-sales events are emerging as a key driver for Southeast Asia’s online-shopping boom, a study showed, as the region’s retailers are seeking to duplicate the success of China’s Singles Day and North America’s Black Friday. About 86% of the roughly 4,000 people surveyed in Southeast Asia said they bought...
Capital has started to pour out of Asian emerging markets as coronavirus outbreaks slow the region's economic recovery while investors price in the likelihood of interest rate hikes in the U.S. and Europe. International investors sold $500 million more stocks and bonds than they bought in Asian emerging markets in...
Philippine inflation may remain above 4% this year, complicating government efforts to salvage the economy from the havoc wrought by the pandemic. Economists have raised their forecasts for Philippine consumer price inflation by the most in Asia since December, by 1.2 percentage points to 4.1%, according to the median estimate...
Singapore's economy is likely to expand at a quicker pace this year than previously expected, as faster growth in manufacturing, non-oil domestic exports and finance and insurance outweigh slower growth in areas such as private consumption, a central bank survey showed on Monday. Gross domestic product is expected to grow...
More millennials in middle management can put the private sector in a good position to carve out the full benefits of digitalization when the economy recovers, prominent entrepreneur Datuk Seri Vijay Eswaran said. The QI Group founder and executive chairman said companies could set a human resource target of 30%...
Singapore will start a phased easing of its COVID-19 restrictions from next week, including allowing up to five people to gather from two currently, after a fall in the number of new infections, the health ministry said. The city-state had reimpose curbs on gatherings and public activities last month amid...
The public listings for two of Southeast Asia’s tech giants will likely pave the way for more high-growth businesses to emerge from the region, said venture capital firm 500 Startups. Contrary to concerns that regional heavyweights may “gobble up” smaller start-ups and stymie innovation, Vishal Harnal told CNBC that “couldn’t be...
Digital banks entering the Philippines’ market are picking up pace, with two more players from Singapore joining the ranks after Overseas Filipino (OF) Bank had its digital banking license approved last April. The Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP) has green-lighted Singapore-based financial businesses Tonik Digital Bank (a unit of...
Singapore, a regional hub for technology firms, will change its tax system as needed once there is a global consensus, its finance minister said on Tuesday, after the world's rich nations agreed there should be a minimum corporate tax rate of 15%. Singapore, a low-tax jurisdiction where several multinationals including...

Follow Us

176,383FansLike
804FollowersFollow