Economic growth
Amid the ongoing Ukraine conflict, Russia's economy has been experiencing a significant slowdown. Despite achieving strong growth rates of 4.1% and 4.3% in 2023 and 2024, respectively, the economic growth forecast for 2025 has been sharply lowered from 2.5% to 1.5% due to high
Economic growth
Markets in Kuala Lumpur are anticipating a stability in the overnight policy rate (OPR) at 2.75 per cent when Bank Negara Malaysia's Monetary Policy Committee (MPC) meets ahead of the US Federal Reserve's interest rate decision. The ringgit rose against the US dollar to 4.
Economic growth
Bank Negara Malaysia's Monetary Policy Committee has decided to keep the overnight policy rate (OPR) at 2.75 per cent. The central bank attributes this decision to continued expansion in global economic growth, supported by sustained consumer spending and front-loading activities. However, trade policy developments and potential tariffs
Economic growth
India's economic growth is set to receive a significant boost from the goods and services tax (GST) rationalisation announced on Wednesday, with economists predicting a 20-30 basis point increase. The simplified GST structure, comprising two slabs (5% and 18%), will strengthen consumption, support small and medium enterprises, and
Economic growth
Malaysia's central bank, Bank Negara Malaysia, has decided to keep the overnight policy rate (OPR) unchanged at 2.75 per cent, citing continued expansion in global economic growth. The latest indicators suggest sustained consumer spending and front-loading activities, with the global growth outlook supported by positive labour market
Economic growth
The Development Bank of Southern Africa (DBSA) has reported a record profit of R5.3 billion for the year ended March 31, 2025, driven by a 8.6% increase in net interest income to R8.4 billion and a 12.3% rise in operating income to R8.8 billion. Despite
Economic growth
Mongolia's stable economic growth and prudent fiscal management have been cited by Fitch Ratings as key factors in reaffirming the country's credit rating at 'B+, Stable'. The agency's report highlights several positive trends, including a decline in government debt and a steady
Economic growth
Korea's economy accelerated in the second quarter, driven by strong exports and improved private consumption, outpacing earlier estimates. According to the Bank of Korea (BOK), the country's real gross domestic product (GDP) expanded by 0.7 percent in the April-June period, 0.1 percentage point higher
Economic growth
TOP Financial Group Limited, a Hong Kong-based online brokerage firm, has relocated its headquarters to Singapore in a strategic move to tap into the city-state's robust financial ecosystem and expand its business in Southeast Asia. The company sees Singapore as an ideal hub due to its stable political
Economic growth
The price of gold, considered a safe haven in times of economic uncertainty, has reached a new record high of $3,549.40 per ounce, with a gain of 2.2% on the day, its best session in three months. This surge is attributed to investors betting on the US
Economic growth
The Australian government has unveiled a PHP172-million loan program aimed at supporting women entrepreneurs in the Philippines. The initiative seeks to expand access to capital and promote gender-inclusive economic growth. Australian Ambassador to the Philippines Marc Innes-Brown emphasized that the program will help create business opportunities for women and drive
Economic growth
As Nigeria navigates economic challenges, leasing has emerged as a powerful yet underused tool to fuel enterprise growth and industrial productivity. Despite its promise, leasing remains out of reach for many Nigerian businesses, not because it lacks relevance but due to limited awareness, uneven access, and underdeveloped support systems. Globally,
