News
Domestic demand could support South-east Asia growth if Middle East conflict stabilises early: ADB
1+ hour, 37+ min ago (775+ words) The energy shock is unlikely to crush longer-term growth ambitions, say economists [SINGAPORE] Economists from the Asian Development Bank (ADB) are hopeful that South-east Asia's growth can remain robust this year, provided the Middle East conflict eases soon. Assuming oil…...
India to grow at 6. 6% in FY2027, says World Bank
16+ hour, 13+ min ago (361+ words) Retail inflation is projected at 4. 9% for the current fiscal year [NEW DELHI] India's expected economic growth of 6. 6 per cent for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised…...
US Q4 GDP growth revised lower to a 0. 5% rate
10+ hour, 1+ min ago (364+ words) Revisions to Q4 growth pace reflected downgrades to business spending on intellectual products as well as inventories Gross domestic product increased at a downwardly revised 0. 5 per cent annualised rate, the Commerce Department's Bureau of Economic Analysis said in its third GDP…...
Thai central bank unexpectedly cuts policy rate by 25 bps
1+ mon, 1+ week ago (312+ words) This is to further support an economy pressured by US tariff uncertainty and a strengthening baht [BANGKOK] Thailand's central bank unexpectedly cut its key interest rate at a review on Wednesday (Feb 25). The move comes as it sought to further…...
Thai central bank pledges long rate pause to support economy
15+ hour, 15+ min ago (594+ words) BOT governor says this is because higher interest rates will not dampen inflation [BANGKOK] The Bank of Thailand (BOT) will keep its interest rate at the current level "for as long as possible" to support the economy, even though inflation…...
Japan's consumer confidence drops most since Covid-19
10+ hour, 51+ min ago (192+ words) The ratio of those expecting to see inflation a year from now is up at 93. 1%, the highest since September [TOKYO] Sentiment among Japan's households deteriorated by the most since the early stages of the Covid-19 pandemic, following the outbreak of…...
Maybank, SCCCI join forces to power up Johor-Singapore SEZ
8+ mon, 3+ week ago (331+ words) [SINGAPORE] Local businesses looking to tap opportunities in the Johor-Singapore Special Economic Zone (JS-SEZ) can look forward to quicker bank account openings, green-lane financing, halal advisory services, and more. The Singapore Chinese Chamber of Commerce & Industry (SCCCI) and Maybank Singapore…...
India to grow at 6. 6% in FY27, says World Bank
16+ hour, 13+ min ago (357+ words) Average inflation for the year is projected at 4. 6% [NEW DELHI] India's expected economic growth of 6. 6 per cent for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system…...
Malaysia's February industrial production up 3. 1%, below forecast
20+ hour, 51+ min ago (81+ words) The Business Times Malaysia's February industrial production up 3. 1%, below forecast [KUALA LUMPUR] Malaysia's industrial production rose 3. 1 per cent in February from a year earlier, below expectations, government data showed on Thursday. February's factory output had been expected to expand 5. 2 per…...
S&P lowers Philippines outlook to stable on impact of Iran war
1+ day, 6+ hour ago (221+ words) The ratings firm projects the country's gross domestic product to grow 5. 8% this year [MANILA] S&P Global Ratings lowered its outlook on the Philippines to stable from positive, saying the war in the Middle East has raised risks for the…...