LOS ANGELES, United States — The United States and a group of Asian allies on Friday agreed on a set of negotiating targets, notably on trade and supply chains, as Washington looks to offer an alternative to the economic might of China in the region. At the first ministerial for the Indo-Pacific Economic Prosperity Framework […]
Read MoreThe earnings growth of Asia-Pacific emerging market companies in 2022 relative to the pre-pandemic year of 2019 is set to outperform that of developed market companies, according to a new report by Moody’s Investors Service. Yet ongoing political tensions and uncertain economic conditions will present risks to recovery, the international ratings agency said. “On aggregate, the […]
Read MoreKUALA LUMPUR (Sept 8): Many new digital banks in the Asia-Pacific region will find it more challenging to achieve financial viability as interest rates increase, economic growth slows, and funding conditions tighten, according to Fitch Ratings. In a statement on Wednesday (Sept 7), it said a softer economy could also affect the banks’ target customers […]
Read MoreKUALA LUMPUR: The Purchasing Managers’ Index (PMI) data for August 2022 signalled an eleventh monthly improvement in business conditions across the Asean manufacturing sector. In its Global Asean Manufacturing PMI report, S&P Global Market Intelligence said growth was supported by quicker upturns in production levels and new factory orders. The headline PMI posted at 52.3 […]
Read MoreVIENNA, Austria — The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year as it seeks to lift prices that have tumbled due to recession fears. The move could irk the United States as it has pressed the group to increase output in order to bring down […]
Read MorePETALING JAYA: Asean economies, including Malaysia, are experiencing a “partial decoupling’’ from the world’s largest economic powerhouse, the United States. Maybank IBG Research laid out six arguments in its latest report, highlighting that Asean economies were becoming less exposed to the US economic downturn and potential recession. Pointing out that Asean was emerging as a […]
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