Tag: economy
Thailand Risks First Double-Dip Recession Since 1998 Asia Crisis
Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging...
South Korea Aims To Update Free Trade Agreement With ASEAN
South Korea's trade ministry said on Tuesday (Jul 27) it has launched talks with ASEAN to update their free trade agreement (FTA) and further...
Bank Indonesia: Sharia Growth Overtakes National Economic Growth
The growth rates of the sharia economy in 2020 and early 2021 have been better than those of the national economy, Bank Indonesia (BI) has said.
"In...
Why Zombie Companies Are A Threat To Economies Around The World
During a period of lockdown and recession, fewer companies failed. This was a result of a combination of furlough schemes to reduce wage bills,...
Malaysia’s Lockdown Dooms 150,000 SMEs, Fuelling Fears of Exodus by Multinationals
Half of Malaysia’s 900,000 small and medium-sized enterprises (SMEs), which employ about 50 per cent of the country’s 15.9 million workers, could fold if the...
The Impact of Your Savings Towards High Inflation – What We...
If you live in a developed country, did not lose your job and were lucky enough to be able to work from home during...
As Covid-19 Batters Thailand’s Economy, Even Pawnshops Are Running Out of...
From his dusty Bangkok pawnshop, where gold deposits are still recorded in heavy wooden ledgers, Danai Tangvatanangkoon has had a ringside seat to decades...
Wuhan’s Industry Boosted By China-ASEAN Digital Cooperation
Deeper cooperation between China and the Association of Southeast Asian Nations (ASEAN) in the digital economy will benefit Wuhan, Central China's Hubei Province, which...
Goldman Sachs Says Covid Delta Variant Could ‘Significantly’ Hit Growth In...
Covid-19 infections are surging in several major Southeast Asian economies, and that has led Goldman Sachs to cut its 2021 growth forecasts for most...
Malaysia Considers Relaxing Movement Restrictions For The Fully Vaccinated
The Malaysian government is looking into relaxing restrictions for those who are fully vaccinated, including allowing people to travel or dine at restaurants, says Prime Minister...
Indonesia Central Bank Slashes 2021 GDP Outlook To 3.8%
Indonesia's central bank has cut its forecast for 2021 economic growth to 3.8% based on early assessment of the impact of recent coronavirus restrictions,...
Asian Equities See Foreign Outflows In June As Virus Woes Weigh
Foreigners turned net sellers of Asian equities in June for a second consecutive month, as growing inflationary pressure and a spike in coronavirus cases...
