Malaysia's central bank projects 4%-5% GDP growth in 2024
KUALA LUMPUR -- Malaysia's economy is expected to grow faster at 4% to 5% this year, driven by improved investment and external demand, according to the country's central bank.
Economy asian news
Thailand forges ahead with 'digital wallet' handout scheme, official says
BANGKOK — Thailand's government is forging ahead with a 500 billion baht (S$18.5 billion) handout scheme and may still need to borrow to finance it, a deputy finance minister said on Wednesday.
Here’s What to Know About Vietnam’s Communist Government
Vietnam’s Communist Party has ruled the country for nearly half a century, often priding itself on unity and longevity. It is one of the world’s last remaining Communist dictatorships.
Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands
Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions.
Pakistan, IMF reach staff-level deal to release $1.1bn from bailout package
The funds are the final tranche of a $3bn programme agreed upon last year to avert a default, as Islamabad seeks another long-term bailout.
Solomon Islands PM praises China’s governance while criticising democracy as immoral
It comes at a time when Beijing is vying with Australia and the US for influence over the Pacific nation, with Sogavare being the foremost proponent for closer ties with China.
'Mr Yen' says Japan could intervene if yen falls to 155
Japanese authorities may intervene if the yen sinks to 155 to 160 against the dollar, according to a former top foreign exchange official Eisuke Sakakibara.
Pakistan and IMF reach preliminary deal to release $1.1 billion from bailout fund, IMF says
ISLAMABAD (AP) — Pakistan and the International Monetary Fund reached a preliminary agreement for the release of $1.1 billion from a $3 billion bailout following dayslong talks in Islamabad, the IMF said Wednesday.