Political uncertainty weighs on Korea’s credit rating
The political uncertainty will remain a liability for the country, according to a senior executive at Moody’s, although lawmakers' move to unseat the president prevented a…
Economic Affairs
Concern over rising haj costs
For the B40 group (low-income group), the payment will rise from RM12,356 in 2024 to RM15,000.
Trust in Japan’s financial industry at risk after spate of scandals rocks sector
Scandals reveal that organisational checking systems were poorly managed at the financial institutions, says Shinji Hatta, a professor emeritus at Aoyama Gakuin University who is…
Vietnam’s GDP growth poised for robust growth in 2024: officials
With 2024 nearing its end, Vietnam's GDP growth is set to surpass the 7 per cent target, driven by efforts from ministries and sectors, says Deputy Minister of Planning and…
Singaporean Ministers to send letters of demand to Bloomberg, other media outlets over ‘libellous’ statements
Law and Home Affairs Minister K. Shanmugam and Manpower Minister Tan See Leng are taking legal action against Bloomberg and other media outlets for publishing statements…
Indonesia proceeds with VAT hike but rolls out incentives to soften blow
The government is proceeding with its plan of hiking value-added tax to 12 percent at the turn of the year but has announced multiple incentives to soften the blow for consumers.
Allianz calls off deal with Singapore’s Income Insurance after public scrutiny
The German insurer on Dec. 16 said in a statement that it would withdraw its July 17 offer to acquire a 51 percent stake in Income, in a deal valued at $2.2 billion.
UK officially joins Indo-Pacific trade bloc
The alliance comprises fellow G7 members Canada and Japan, plus long-standing allies Australia and New Zealand, alongside Brunei, Chile, Malaysia, Mexico, Peru, Singapore and…
Not just tariffs: Trump 2.0 could bring some trade deals for Southeast Asia too
With some luck, there might even be a digital free trade agreement (FTA) with ASEAN.
As the world ages, Indonesia sees business opportunities
Colliers senior associate director Ferry Salanto told The Jakarta Post on Tuesday that other regions and big cities in Indonesia also had growth potential in the senior housing…