Southeast Asia

Export growth expected to remain under pressure across Asia: Oxford Economics
SINGAPORE (Mar 29): A weakening trend in Chinese import demand and slower global trade will continue to weigh heavily on exports across Asia, according to Oxford Economics. “We expect exports to remain under pressure this year from weak Chinese demand and slower global trade, as well as the slowdown in the ICT (information and communications technology) cycle,” the group says in a report ...
Singapore's 2019 GDP growth forecast to moderate to 2.4% on external headwinds
SINGAPORE (Mar 18): The Institute of Chartered Accountants in England and Wales (ICAEW) is expecting Singapore’s GDP growth to moderate to 2.4% in 2019 from 3.2% in the previous year, against the backdrop of a more challenging environment for exports and the manufacturing sector. This is according to the institute’s latest Economic Insight: South-East Asia report, which is produced by ...
Alibaba bets on Frenchman to lead high-stakes Southeast Asia expansion
(Mar 4): In December, Alibaba Group Holding Ltd. put Pierre Poignant in charge of Lazada, the subsidiary spearheading the Chinese e-commerce giant’s high-stakes Southeast Asia expansion. The choice was out of character for several reasons. Poignant is a professional manager—a type Alibaba supremo Jack Ma has long disdained. He was part of Lazada’s founding ...
3 factors to sustain markets in near term as global growth slows
SINGAPORE (Dec 11): Fitch Solutions has revised its global growth forecast for 2019 downwards by 0.1 percentage point to 3% to accentuate its view that global growth will slow over the coming years after peaking at 3.4% in 2018.   This comes as the primary distributor of Fitch Ratings content revises its growth forecasts downwards for both emerging and developed markets, with Argentina, ...
How Southeast Asia can unlock the full potential of its burgeoning internet economy
SINGAPORE (Nov 19): As the world’s fastest-growing internet region, Southeast Asia is brimming with potential. According to e-Conomy SEA 2018, a report jointly conducted by Google and Temasek, the region stands to gain up to US$200 billion ($274.8 billion) from the growth of online travel, e-commerce and online media – but only if the region can overcome these challenges in the following ...
Jokowi challenger plans Singapore-like low taxes for Indonesia
SINGAPORE (Nov 15): Indonesian presidential candidate Prabowo Subianto will slash corporate and personal income taxes if he comes to power, part of a plan to compete with low-tax neighbors like Singapore in luring more investment to Southeast Asia’s biggest economy. Tax reform is one of the key economic programs that Prabowo, as the former general is known, will outline in his election ...
KKR's Kravis sees Southeast Asia winners in US-China trade war
(Oct 2): KKR & Co. is seeking to invest more in Southeast Asia, where companies are poised to benefit from the US-China trade dispute, according to the private equity firm’s co-founder Henry Kravis. “The longer that the dispute with China and the US goes on, I think you are going to see more opportunities” for investment in the Association of Southeast Asian Nations, Kravis said in ...
Eight Roads expands to Southeast Asia with new Singapore office
SINGAPORE (Sept 21): Eight Roads, the investment arm of Fidelity International Limited (FIL), has expanded its global network to Southeast Asia with the recent opening of its new office in Singapore.   Raj Dugar (pictured, main image), managing partner, Asia, will relocate from India to Singapore to lead the combined India and Southeast Asia operations at the new office. In a press ...
Expats love Singapore for quality of life, but less so for work-life balance and the locals: survey
SINGAPORE (Sept 6): Global expatriates (expats) continue to wax lyrical over Singapore’s political stability and great transportation infrastructure, although the city state is not without its flaws. According to the InterNations Expat Insider 2018 Survey, which surveyed over 18,000 expatriate respondents across 187 countries or territories, Singapore placed fifth out of 68 countries in the ...
Monetary policy via Facebook is Southeast Asia in turmoil
SINGAPORE/JAKARTA/MANILA (Aug 24): As the economic landscape gets more rocky, Southeast Asia’s central bankers are turning to Facebook and YouTube for help in getting their messages across. The Bank of Thailand was the latest to adopt a live video-streaming of its policy announcement in August, three months after the Philippine central bank did the same. Bank Indonesia, which has more ...