OECD cuts South Korea’s 2023 growth outlook to 2.2%
The Paris-based organisation also expected South Korea's exports and private consumption would post slower-than-expected growth in 2023.
Economic Affairs
Hong Kong may report second-highest deficit ever: Finance chief
The government’s financial reserves may also fall further to about HK$800 billion, the finance chief warned.
Macroeconomic stability and economic resilience a priority for Vietnam’s recovery
National Assembly Chairman Vuong Dinh Hue said discussions should focus on the region's and the world's economic and financial situation, and the resilience of the Vietnamese…
Ringgit hits record low vs US dollar since Asian Financial Crisis
An analyst said with no new catalyst to boost the ringgit’s attraction, investors are keeping their focus mainly on the greenback and other safe-haven assets.
Indonesia’s foreign trade shows no sign of slowing down
Data showed that the monthly export performance in August was boosted by crude palm oil sales, which increased by 25.40 per cent.
Vietnamese rice exporters expect higher prices as India slaps curbs to reduce global supply
With India’s recent rice export restrictions, Vietnamese exporters expect to increase shipments and hike prices, industry insiders said.
Japan’s supermarkets, food manufacturers battle to keep private brands cheap
In contrast to other brands, the price has remained unchanged for many private-brand products put out by major supermarkets, making them highly popular.
Asian shares extend global selloff amid bets on more aggressive Fed
Wall Street saw its steepest fall in two years, with the safe-haven dollar posting its biggest jump since early 2020.
Hong Kong to unveil new measures to accelerate economic vitality
Chief Executive John Lee noted that talent will be an important pillar to support the city’s economy as the city is ranked as Asia’s first in terms of talent competitiveness.
Attracting foreign talent is not a zero-sum game
Policies to attract global talent also work in tandem with those that develop Singapore's own local talent pool.