The economic focus is on Japan and South Korea this week, with data likely to show the Korean economy inched up in the April-June quarter. Gross Domestic Product (GDP) figures are out today and Moody’s Analytics forecasts 0.8 percent growth, compared with the first quarter of 2021. GDP grew at a quarterly 1.7 percent pace […]
Read MoreA spike in new Covid cases in Thailand and other Asian countries is leaving little hope of reviving the short-haul market this year despite the country reopening more destinations, according to the Association of Thai Travel Agents (Atta). “There’s no hope on the horizon as Thailand is still plagued with a high tally of Covid-19 […]
Read MoreHONG KONG (BLOOMBERG) – As the pandemic rages in Asia, offices are making a comeback. More companies based in the region expect they will need to increase office space in the near future, according to a survey conducted by CBRE Group. The study found that 66 per cent of Asia-based firms expect to add space […]
Read MoreSEOUL (BLOOMBERG) – Japan and South Korea continued to rack up solid export gains, in a sign that Covid-19 variants have yet to have a major impact on global demand even as the recovery in world trade inches closer to its peak. Exports out of Japan, the world’s third-largest economy, jumped 49 per cent in June […]
Read MoreMANILA: Developing Asia’s economic growth this year will be slightly lower than previously projected, the Manila-based Asian Development Bank said on Tuesday, citing the resurgence of Covid-19 infections in countries. The ADB said recovery was underway in “developing Asia”, referring to the bank’s 46 members, including China and India, but growth was revised down to […]
Read MorePETALING JAYA: Malaysia is a favoured expansion destination for Asean companies looking for growth opportunities in the region, according to Standard Chartered’s (StanChart) latest survey. In its “Borderless Business: Intra-Asean Corridor” report, it noted that 49% of survey respondents had selected Malaysia as one of the countries offering the best expansion opportunities in Asean over […]
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