IMF lowers Korea’s 2025 growth outlook to 2%
Amid such uncertainty, the IMF recommended a gradual normalisation of monetary policy, noting inflation is stabilising and expected to reach the Bank of Korea’s 2 per cent…
Economic Affairs
Gold price hiked again in Bangladesh
The price of gold in Bangladesh has been rising steadily for more than a year, influenced by hikes in the international market and volatility in domestic supply.
Mongolian President Khurelsukh vetoes entire 2025 state budget
Reasons cited for the budget veto include economic and market considerations; non-compliance with budgetary principles; overspending and deficit issues; and violation of legal…
Malaysia’s record FDI solidifies position as key economic player in ASEAN: Forbes
Within this dynamic regional landscape, the article said Malaysia exemplifies ASEAN’s economic appeal, attracting a record US$74 billion in approved FDIs in 2023 - the highest…
Adopt AI or perish: Philippine Daily Inquirer
The rapid progress in the development of artificial intelligence (AI) has captivated individuals, companies, and governments, who look at this nascent technology with mixed…
Funds raised by Southeast Asian IPOs now at a 9-year low, but outlook positive: Deloitte
The 2024 listings raised a total of US$3 billion (S$4.01 billion), a notable decline from the US$5.8 billion raised in 2023, according to a report by professional services firm…
Japan, UK agree to establish economic 2+2 meetings; next-gen fighter development also discussed
It would become the second such economic two-plus-two meeting involving Japan, after one with the US.
US$2.2m boost to improve Malaysian palm oil’s image in Europe, says Deputy Minister
While Budget 2025 has allocated RM15mil to improve palm oil perception, Datuk Chan Foong Hin said that RM5.625mil will be used for consumer information campaigns in Europe, while…
China hits record 150 billion parcel deliveries in 2024
In 2014, China handled about 14 billion parcels annually. This year's record represents a tenfold increase in a decade, driven largely by the country's booming e-commerce market,…
Global South adversely impacted by food, fuel, fertiliser crisis due to conflicts: PM Modi
Speaking at the G20 Summit in Brazil, he said the gathering of the top leaders can only be successful if the challenges and priorities of the Global South are kept in mind.