Bank of Korea expects economy to contract this year due to virus fallout
SEOUL, 28 May 2020 - The Bank of Korea (BOK) today sharply slashed its growth outlook for the year, projecting a 0.2% year-on-year contraction amid the Covid-19 pandemic,...
Global Market News
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO, 27 May 2020 - Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic...
Indonesia eyes V-shaped recovery with exit from virus lockdowns
JAKARTA, 27 May 2020 - Indonesian officials are drawing up plans for a gradual exit from strict social distancing measures, betting the return to a new normal will...
Ageing population tests govts’ ability to maintain fiscal sustainability
ASIA, 27 May 2020 - The fast spread of COVID-19 has caused public health turbulence and disruption to the fiscal balance as governments are dealing with its social...
Asia investors hunt property that gains from social distancing
22 May 2020 - Asian investors are beginning to scout for property deals that would benefit from shifts in how people live and work in a post-coronavirus world,...
China drops GDP goal, pledges higher spending as parliament starts
BEIJING, 22 May 2020 - China omitted a 2020 economic growth target for the first time and pledged government support for the economy in Premier Li Keqiang's work...
Thailand PM leads National Committee to promote 5G development
BANGKOK, 21 May 2020 - A 26-member National 5G Committee has been formed with Thailand Prime Minister Prayut Chan-o-cha as chairman to coordinate the 5G development and boost...
IBM is latest tech giant to announce layoffs in midst of pandemic
U.S., 22 May 2020 - International Business Machines Corp. (IBM) cut an unspecified number of jobs across the U.S., eliminating employees in at least five states. The company...
Thailand stock market’s valuation vaults to record in pandemic
BANGKOK, 22 May 2020 - Thailand’s bear-market stock rally may stall after a series of earnings estimate downgrades helped push valuations to their most-expensive on record. The benchmark...
Indonesia, Singapore lead Southeast Asia in raising venture capital
JAKARTA, 21 May 2020 - Indonesia and Singapore currently dominate venture capital (VC) fundraising in Southeast Asia despite a slower pace of capital raising in the first quarter...
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