Public spending
Philippine GDP growth drops to three-year-low
Economic growth in the Philippines slowed to six per cent during the second quarter of the year, the Philippine Statistics Authority said on August...
Thai junta hikes security and defense budget by 20% to $10 billion
The Thai junta unveiled a new $10-billion defense and security budget for the 2019 fiscal year on June 7 in what Prime Minister Prayut...
Malaysian taxpayers paid over $1.7 billion for 1MDB debt so far
Malaysia’s finance ministry has used a total of 6.98 billion ringgit ($1.76 billion) in tax money since April 2017 to pay back accumulated debt of state...
Philippines retains rank among world’s fastest growing economies
The Philippine economy grew 6.9 per cent in the third quarter, exceeding all analyst estimates and cementing its position as one of the fastest-expanding...
Thailand posts highest quarterly GDP growth in four years
Thailand’s economy grew at the fastest pace in more than four years, led by a surge in tourism arrivals and agriculture exports. Gross domestic...
Indonesia growth prospects revised by ADB
The Asian Development Bank (ADB) in an update of its Asian Development Outlook 2016 revised down its forecast for Indonesia’s economic growth this year...
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Garuda halves debt, believes profitability in sight
Indonesia’s national carrier Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations with creditors, according to a...
Stories of the week
Carsome to delay its US-Singapore dual listing amid valuation concerns
Malaysian online car sales platform Carsome, which operates a used-car online marketplace across Southeast Asia, said it is delaying its planned dual listing in...