Economy
Thai banks face lending income hit as weak economy persists
Margins will be pinched as interest-income gains are further limited, compounded by weak lending and bad debt[BANGKOK] Four of Thailand’s largest banks are expected to post sharp declines in...
IMF warns of dim outlook for world economy hit by rolling shocks
The global economy is expected to grow by 3.2% this year, up from 3% predicted in July[WASHINGTON] The International Monetary Fund warned that the global economy is showing signs...
AI adoption fuels growth of Singapore’s digital economy, growing to 18.6% of 2024 GDP
IMDA report says adoption rates of artificial intelligence in firms are up, bringing cost savings; workers say the tech has raised productivity and saved time[SINGAPORE] Singapore’s digital economy accounted...
Carney calls himself a 'great economist' while sparring with Poilievre on the economy
OTTAWA — Conservative Leader Pierre Poilievre offered Prime Minister Mark Carney a backhanded compliment while grilling him on the size of the deficit in the upcoming budget — which...
Canada PM names key projects to jumpstart Trump-hit economy
[ALBERTA, Canada] Canada’s Prime Minister Mark Carney unveiled his initial list of major national projects on Thursday, backing critical minerals, nuclear power and port expansion to bolster an economy...
Kasikornbank ditches key profit goal as Thai economy falters
[BANGKOK] Thailand’s second-largest lender Kasikornbank abandoned a key earnings target on concerns that the already weak economy may deteriorate further, denting loan demand and increasing defaults.The commercial lender is...
Hong Kong’s key rate climbs above 3% to pose risks for economy
If the gauge sustains above that level, it could have a negative impact on the economyPublished Wed, Aug 27, 2025 · 04:54 PM[HONG KONG] Liquidity conditions in Hong Kong...
Bubble risks grow as China’s stock bull run defies economy angst
[BEIJING] China’s economy is buckling under the weight of tariffs and a deep-rooted property crisis, yet stocks are extending their bull run – a disconnect that’s stirring doubts on...
