Economists cut Singapore’s 2025 growth forecast to 1.7% on geopolitical and trade tensions
The downgrade shows increased conviction among economists that Singapore’s economy will slow quite sharply from the 4.4 per cent growth clocked in 2024.
Business
Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
The move affected about 80 Singapore-based employees – understood to be from the bank’s technology and operations teams – with their jobs being offshored to India, according…
Japanese carmakers’ anxiety grows as Japan-US tariff talks stall
Japanese carmakers and companies in other industries may need to review their pricing strategies for the U.S. market.
Thai stocks dip on light trading amid geopolitical jitters
Trading activity remained lacklustre throughout the day, a trend attributed by analysts to the absence of fresh catalysts and persistent geopolitical concerns. Total trading value…
Cambodia’s rubber industry expands with local latex glove production
This shift marks a turning point for Cambodia’s rubber industry, as the country moves toward becoming a key player in the global latex gloves market.
Google Pay set to hit Bangladesh market next week
City Bank will be the first local bank to be integrated into Google Pay, allowing its customers to use their Android smartphones to make payments at any point-of-sale terminal.
Indonesia plans to raise poverty line despite risky optics
The government plans to push up the poverty line in a move that would bring Indonesia’s measure closer to that of the World Bank, even though that could be politically risky, as…
China’s rare earth curbs pose supply risk to India’s EV push: report
India’s electric vehicle ambitions may face a critical supply-side hurdle due to China’s tightening grip on rare earth magnet exports, according to a report by Crisil Ratings.
Business groups urge Malaysian government to defer and reduce Sales and Service Tax hike
They described the timing and scale of the new tax as "gravely misguided" and warned it would trigger inflation, shrink consumer spending, discourage investment, and threaten the…
Thailand ranks lowest in ASEAN for business innovation, World Bank finds
This poses challenges for SME competitiveness and growth.