AFP – Asian markets sank yesterday following big losses on Wall Street as inflation worries and the spreading Delta virus variant fuel worries about the global recovery, while oil prices also sank after top producers reached a deal to hike output. Hong Kong was the worst hit after the United States warned businesses about the “growing […]
Read MoreKUALA LUMPUR: Malaysia is a favoured expansion destination for Asean companies looking for growth opportunities in Asean, according to Standard Chartered’s (StanChart) latest survey. In its Borderless Business: Intra-Asean Corridor, a strategic report that explores high-potential opportunities for cross-border growth within the region, StanChart said 49 per cent of survey respondents selected Malaysia as one […]
Read MoreGrowth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said yesterday, as many countries in the region grapple with spikes in Covid-19 cases, new variants and vaccine supply constraints. The East Asia and Pacific region, excluding China, is expected to grow 4% this year, World […]
Read MoreA Southeast Asian think-tank is trying to help the region’s businesses to take advantage of the world’s biggest trade deal, which is likely to come into force early next year. The Economic Research Institute for ASEAN and East Asia (ERIA), backed by the Australian government, has carried out a five-part survey to find out how […]
Read MoreHONG KONG, China — Asian markets edged lower on Friday as investors weighed concerns over economic growth and virus outbreaks and risk aversion set in following dovish comments from the Federal Reserve chief. Fed Chair Jay Powell reiterated the central bank’s plan to maintain stimulus initiatives until the economy fully recovers while Treasury Secretary Janet […]
Read MoreLow vaccination rates and rising Coronavirus cases are likely to hurt a nascent revival in regional economies, according to some of the world’s leading banks. HSBC has cut its annual growth forecast for Vietnam to 6.1 percent this year, from an April estimate of 6.6 percent expansion. In January, the bank predicted 7.6 percent growth. […]
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