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Malaysia sees increased number of young millionaires
The number of young millionaires in Malaysia is on the rise, with a 75% increase in millionaires aged 30 and under recorded in 2022.
Malaysia plans Southeast Asia's largest integrated circuit design park
Malaysia plans to build Southeast Asia's largest integrated circuit design park and will offer incentives including tax breaks, subsidies and visa exemption fees to attract global tech companies and investors, the government said on Monday.
China's Q1 GDP grows 5.3% year-on-year, well above forecast
China's economy grew 5.3% in the first quarter year-on-year, official data showed on Tuesday, comfortably beating analysts' expectations, a welcome sign for policymakers as they try to shore up demand and confidence in the face of a protracted property crisis.
April 15, 2024 | 06:43 pm PT
European businesses' confidence in Vietnam hits two-year high
The European Chamber of Commerce Vietnam (EuroCham) on Monday released the Business Confidence Index (BCI) for the first quarter of 2024, saying that the index reached 52.8 points - the highest level since 2022.
April 8, 2024 | 07:06 am PT
HSBC forecasts revival in consumer demand
After a bleak 2023, consumer demand is expected to pick up this year, according to lender HSBC.
February 11, 2024 | 05:49 am PT
Vietnam economy ready to bounce back: Citi Vietnam
Vietnam seems to have overcome its biggest economic challenges last year and is now ready to recover, according to Ramachandran A.S., country head of lender Citi Vietnam.
February 3, 2024 | 04:00 pm PT
Indonesia targets 1,000 foreigners via 'golden visa' program
The Indonesian government has set a target of attracting at least 1,000 investors through the “golden visa” program, part of an effort to attract high-quality talent and capital flows into this Southeast Asian country.
January 29, 2024 | 03:24 pm PT
Thai business group keeps 2023 growth forecast at 2.5%-3.0%
Thailand's economy is expected to grow 2.5% to 3.0% this year, unchanged from a previous forecast, a leading joint business group said on Wednesday.
December 6, 2023 | 02:23 am PT
Thailand offers 10-year visas for investors
Thailand will offer 10-year visas for investors in targeted businesses in its industrial eastern region to attract foreign investment, a deputy prime minister said on Friday.
November 24, 2023 | 06:51 pm PT
Canada weighing tax changes to target short-term rentals like Airbnb, says minister
The Canadian government is considering tax changes for short-term rentals to make services like Airbnb less lucrative in an effort to increase the supply of homes, Housing Minister Sean Fraser said on Monday.
November 20, 2023 | 03:16 pm PT
Fitch Ratings optimistic about Vietnam's economic growth
Credit ratings agency Fitch Ratings on Thursday forecast Vietnam’s GDP growth to accelerate to 6.3% in 2024 and 7.0% in 2025.
November 10, 2023 | 10:51 pm PT
Visa exemptions yet to prove effective for Thailand's tourism
Despite the offer of visa exemptions, the numbers of Chinese, Taiwanese and Indian tourists to Thailand have yet to record a quick recovery because of several economic factors, according to Thai tourism operators.
November 10, 2023 | 03:32 pm PT
Standard Chartered lowers Vietnam's growth forecast
Standard Chartered has amended its economic growth forecast for Vietnam to 5% from the earlier 5.4%.
October 24, 2023 | 07:16 pm PT
EU firms' confidence in Vietnam increases again: EuroCham
The Business Confidence Index of European companies in Vietnam nudged up to 45.1 in Q3, from 43.5 the previous quarter.
October 9, 2023 | 12:42 am PT
Singapore govt announces additional $802M to ease cost of living
Singapore's finance ministry on Thursday announced an additional S$1.1 billion ($802 million) to help households handle increases in the cost of living.
September 28, 2023 | 10:50 pm PT
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