Economy

Why Hong Kong leads in governance amongst global smart cities

The city also led in developing open data and diversifying data categories.
5 days ago

China’s banks expand lending but struggle with weakening demand

UOB Kay Hian said banks remain cautious in extending long-term credit.

1 in 3 Asian firms seek more trade with South Asia

Over 1 in 3 Asian companies are looking to trade more with South Asia and Europe whilst over 1 in 4 plan to trade less with North America, according...

CEOs embrace venture-building to drive corporate innovation

Over half of CEOs now rank it among their top three priorities, according to McKinsey.

What’s holding wealth firms back from hybrid?

Cost concerns are stalling hybrid strategies in wealth firms.

Zombie funds rise as small funds delay exits, struggle for capital

Prolonged asset holding weakens fund returns as fundraising declines.

Hybrid setup reshapes employment, collaboration amongst Filipino workforce

Flexible setups reduce commuting and increase access to rural talent.

Financial crimes to continue to squeeze bank profits

More sophisticated crooks and stricter rules are expected to increase compliance costs.

Banks gain 50% more tech capacity with productivity focus

Generative AI tools to streamline tasks can yield productivity gains of up to 30%.

Asia struggles with G20 payment targets

The ultimate goal is for cross-border payments to achieve “the speed of the internet.” 

What is the potential impact of Trump 2.0?

Singapore faces the steepest challenges due to its highly open economy.

Chinese officials focus on policies to attract more foreign investors

As part of the initiative, the government has lifted all restrictions on manufacturing sector access.

Prabowo's cabinet picks: Five economic powerhouses set to drive Indonesia's growth

They aim to boost investor confidence with proven leaders in finance and key sectors.