More scam victims in Singapore in debt; rise in cases seen by credit counselling agencies
Scam victims in Singapore lost a record $1.1 billion in 2024.
Finance
IMF projects Asia-Pacific to grow by 3.9% this year amid trade tensions
The projected growth for 2025 represents a significant slowdown compared to 2024, when Asia and the Pacific recorded a growth rate of 4.6 percent.
Wealthy Koreans shift focus from real estate to gold, bonds and crypto
'Young rich' under 50 show strong appetite for virtual assets, overseas stocks.
Hackers take over accounts at Japan securities firms, make illicit stock trades in apparent bid to raise prices
Some individual investors have lost millions of yen through the scams. Criminal groups are also believed to have stolen clients’ authentication information by guiding them to…
Indonesia’s retail sales barely grow despite Idul Fitri boost
Respondents to the survey said they were more optimistic about the outlook for the next three to six months, as they expect sales to increase in May and August thanks to…
Indonesia tightens rules on foreign banks, targeting Korean financial firms
Korean lenders are under pressure from Indonesian financial authorities to establish local holding companies.
Singapore downgrades 2025 GDP forecast to 0%-2% as US-China tariff war weighs on global growth
The Ministry of Trade and Industry's new forecast announced on April 14 is a downgrade from the 1 per cent to 3 per cent range previously. Singapore’s economy grew 4.4 per cent…
Vietnam’s negotiating team for trade talks with US established
The team is headed by Minister of Industry and Trade Nguyen Hong Dien, with Deputy Minister Nguyen Sinh Nhat Tan serving as deputy head.
Interest rates unlikely to be cut in Malaysia
If the 24%reciprocal tariff is maintained on Malaysian imports, coupled with broader global tariff retaliation and rising geopolitical uncertainty, the probability of Bank Negara…
Tariff blow sinks South Korean stocks, clouds growth outlook
The plunge comes two days after a sidecar — a five-minute halt on program trading — was activated on Kospi 200 futures on April 7, as the Kospi fell below 2,400.