IMF chief calls for global cooperation to navigate economic ‘obstacle course’
The remarks came after the IMF last week projected the global economy to grow by 4.4% in 2022.
Economy
Japan’s economy contracts on shrinking consumption, exports
The nation's economy shrank at a 3% annual rate in the July-September quarter, as private consumption and auto production took a hit
IMF revises down Asia economy growth forecast to 6.5%
Noting that Asia-Pacific remains the fastest growing region in the world, IMF said as vaccination rates accelerate, the region is expected to grow by 4.9 percent in 2022.
Vaccine access widening gap between Asia’s advanced and developing economies: IMF
The Fund called for a broader and faster vaccine roll-out as it warned of the growing gap between advanced and developing economies.
Manufacturing PMI of Malaysia slips to 48.5 in February, Covid-19 affects export orders
As the manufacturing sector was adversely impacted by a dip in export order, lack of raw materials and coronavirus ( Covid-19 ) outbreak in China, Malaysia’s manufacturing…
S’pore, South Korea and Hong Kong rebound as other Asian markets bleed
STI gains on signs that the virus outbreak here seems to be largely contained. Markets in Singapore, Hong Kong and South Korea enjoyed a relief rebound yesterday even as others in…
Outcry over Indonesia minister’s remark urging rich to marry poor
The minister yesterday clarified that his statement on the cross-economy class marriage was meant to be a suggestion, and was not mandatory. A senior Indonesian minister has…
Why the smart money is staying on Vietnamese growth
Vietnam’s competitiveness on wages, high labour productivity and a young population noted for a “can-do” attitude means it has proven particularly attractive as an…
ATMs run dry in India
ATMs in several cities across the country are running dry bringing back ugly memories of the November 2016 demonetisation. Automated Teller Machines (ATMs) have run dry once again…
Tailwinds and Headwinds into 2018
Andrew Sheng of the Asia Global Institute looks at the year ahead for Asian economies. All markets function on a heady mix between greed and fear. When the markets are bullish,…