KUALA LUMPUR (Bernama) — S&P Global Ratings is maintaining a stable outlook on all Malaysian banks but flags external challenges and the financial technology (fintech) effect that could radically disrupt their industry. Malaysia’s banks are battling on multiple fronts namely a trade war, a China-led regional economic slowdown, dampened domestic business sentiment, and continuously soft […]
Read MoreSINGAPORE: Economists have sharply cut their forecasts for Singapore’s economic growth in 2019, citing trade tensions and a slowing China as the top risks to the financial hub, a central bank survey showed on Wednesday. Singapore’s gross domestic product is expected to increase 0.6% this year, according to the median forecast of 23 economists surveyed […]
Read MoreThe Stock Exchange of Thailand has announced that four securities face a possible de-listing due to failure to submit last year’s financial statements. The securities are Inter Far East Energy Corporation Plc (IFEC), KC Property Plc (KC), KTech Construction Plc (KTECH) and Rich Asia Corporation Plc (RICH). “These companies have failed to submit their yearly […]
Read MoreMANILA, Philippines — Despite a modest improvement in manufacturing conditions in August, the Philippines led the recovery in business conditions in the ASEAN region during the month, according to the IHS Markit ASEAN Manufacturing Purchasing Managers’ Index (PMI). Operating conditions in ASEAN manufacturing firms deteriorated at the fastest pace since November 2015 in August as […]
Read MoreThe Hanoitimes – Southeast Asia’s startup space has been led by Indonesia and Singapore, which claim six of the eight regional unicorns. Vietnam, however, “certainly has the potential to establish itself as Southeast Asia`s next leading startup ecosystem,” noted a joint research by ESP Capital and Cento Ventures. Out of US$5.9 billion invested in Southeast Asian […]
Read MoreKUALA LUMPUR: Malaysia’s July exports expanded by 1.7% to RM87.96bil from a year ago, exceeding a Bloomberg forecast of a 2.5% on-year decline. The Minister of International Trade and Industry said in a statement on Wednesday it was the highest export value ever recorded for July. “Expansion in exports was contributed mainly by higher exports […]
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