International economics
Bank secrecy is dead – also for the Philippines?
The Organisation for Economic Cooperation and Development (OECD), an international economic grouping of 34 countries, has urged the Philippines to lift its bank secrecy...
Indonesia 10th largest economy globally: World Bank
Indonesia has the 10th largest economy in the world with the country contributing 2.3 per cent of global economic output; according to a recent...
Indonesia eases foreign investment rules
Indonesia on May 2 eased its foreign investment regulations for several industries, including pharmaceuticals, power plants and advertising, amid signs of weakening investor appetite...
‘Onshore trend’: BPO business getting a hit
Business process outsourcing (BPO) companies, specifically those in the contact center space, are reversing the trend of moving most outsourced work to low-cost locations...
Foreign workers in Malaysia sent home $6.1b in 2012
Overseas remittance by foreign workers in Malaysia amounted to $6.1 billion in 2012, said Deputy Finance Minister Ahmad Maslan according to local media reports....
Philippine growth forecast slightly cut by IMF
The Philippines will lead growth in Southeast Asia through next year, the International Monetary Fund (IMF) said on October 8.
In its latest World Economic...
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...
Cambodia in risk of overheating
Cheap credit sloshing around Cambodia’s private sector could pose greater risks to development, the IMF has warned in their annual report on the country.
Over...
GCC and ASEAN extend cooperation pact
Gulf countries and ASEAN have extended a memorandum of understanding on an action plan that commits both regions to enhanced cooperation in trade and...
Indonesia: 2013 investments to hit $29b
Indonesia is optimistic that it will remain an attractive location for foreign direct investments in 2013 and is expecting 270 trillion rupiah ($29 billion)...
Asia must investigate deficit imbalances
During this week’s annual meeting of the Asia Development Bank, Asia was urged to examine its economic instabilities if it wants to achieve viability...
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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...