Asian Financial Crisis
Malaysia’s economy contracts 5.6% in 2020, worst since Asian Financial Crisis
Kuala Lumpur witnessed numerous lockdowns amid the pandemic
Malaysia's economy contracted 5.6 per cent in 2020 as the...
Indonesia stops energy projects worth $25 billion as rupiah hits 20-year low
Indonesia plans to delay $25 billion worth of power projects as it seeks to rein in a widening current-account deficit and a selloff in...
Malaysia’s ringgit hit hard amid geopolitical changes
Malaysia's currency slid to levels last seen during the Asian financial crisis in 1998, reaching 4.4438 to the US dollar in November 23 trading...
Southeast Asian stock markets bottoming out – time to buy
Southeast Asian stocks have clearly seen better days, but there is light at the end of the tunnel.
In the largest unloading of stocks on...
Malaysia’s debt-ridden 1MDB fund under central bank scrutiny
Malaysia's central bank said on June 3 it had launched a "formal inquiry" into strategic development fund 1Malaysia Development Bhd (1MDB), which is struggling...
ADB cuts growth forecast for developing Asia
The Asian Development Bank (ADB) cut its economic growth forecast for developing Asia on October 1, citing weakness in region's two largest economies China...
Lessons learnt: The end of a volatile summer for ASEAN
The surprise announcement by Federal Reserve chairman Ben Bernanke on September 19 that the Fed will not taper its money stimulus programme yet came...
ASEAN markets await crucial Fed decision
ASEAN stocks and currencies were down on September 18 as countries eagerly awaited the decision of the US Federal Reserve to reduce its quantitative...
Asia’s worst currency: The rupiah
Indonesia's currency, the rupiah, has topped India's rupee in being the worst-performing currency in Asia since June, Japanese investment house Nomura said.
The currency has...
Bank Indonesia surprises with benchmark rate hike to 6%
Bank Indonesia, the country's central bank, said on June 13 in an emailed statement that it has raised the benchmark interest rate by 25...
Top fund players charmed by Thailand
Part of Southeast Asia’s combined economic might of $2.3 trillion, Thailand has curried favour with some of the world’s top fund investors as overseas...
Navis Capital enters Vietnam, Indonesia
Navis Capital, a Malaysia-based private equity firm, has announced plans to open offices in Vietnam and Indonesia, bringing their pan-Asia network to nine.
Eternally on...
Jakarta seen as most resilient in ASEAN
Among the fastest-growing metropolitan economies in 2012, Jakarta and Bangkok have been found to be the most resilient cities during the current volatile global...
World Bank bullish about Southeast Asia
The World Bank is projecting optimistic growth rates for ASEAN-5 countries in its latest report "East Asia and Pacific Economic Data Monitor". Due to...
The irony behind low interest rates in Singapore
Despite Singapore being one of the few AAA-rated Asian countries, its strong reliance on trade and exports means that the economic performance of its larger US and European counterparts cannot be ignored.
Indonesia prepares for forex imbalances
Although the Greek elections have given the global economic community renewed hope for a solution of the European debt crisis in the medium term,...
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...