Malaysia has traditionally struggled to compete with its Asian counterparts when it comes to attracting foreign investment. More established foreign direct investment (FDI) hubs such as China, Singapo…
Economy
Clothing piles up at Bangladesh warehouses as west cuts imports
Clothing is piling up at warehouses in Bangladesh as consumers tighten belts in the US, Europe and other big markets, according to manufacturers and government officials. Manufacturers said that order…
China-Laos-Thailand high-speed railway to become backbone infrastructure in enhancing regional connectivity: Thai researcher
China-Laos-Thailand high-speed railway is expected to play an important role in enhancing regional connectivity, further slashing transportation time and cost from the current level, a senior Thai res…
Malaysia’s economy posts double-digit growth for first time in a year in Q3
Malaysia’s economy posted double-digit growth for the first time in over a year in the third quarter, boosted by rising domestic demand and strong exports, the central bank said on Friday. Gross…
PM Hasina: Bangladesh an ideal place for investment
Prime Minister Sheikh Hasina on Sunday said many renowned companies from around the world are setting up their factories in the economic zones of Bangladesh. “Bangladesh has emerged as an ideal …
Southeast Asian nations promote sub-region tourism
The 6th meeting of tourism ministers of Cambodia, Laos, Myanmar and Vietnam (CLMV) in Cambodia on November 3 adopted a three-year action programme on tourism cooperation which further focuses on promo…
IMF pins hopes on Asia amid dimming global economy
Asia remains a relative bright spot in an increasingly dimming global economy, the International Monetary Fund said on Friday as it announced cuts in its Asia-Pacific growth projections. The IMF cut i…
India tops world ranking in digital payments
India, which is driving the global digital economy, has already clocked about 70 billion digital payment transactions in 2022—the highest in the world. This is a sharp increase from the corresponding …
Asia could be a bright spot amid global downturn next year, economists say
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, economists say. The strong economic rebound in Asia earlier this year h…
Philippines Strengthens Its Regional Fintech Presence with First ASEAN Fintech Festival
It also supports the growth of the country’s digital economy which is projected to to reach P5 trillion by 2030. Throughout the week, the DPF will also bring together more than 200 prominent ASEAN lea…