Business
Thailand’s central bank cuts key rate again, lowers growth forecasts as tariffs loom
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to…
Tag
Growth
Business
Prudential’s quarterly new business profit rises on strong Hong Kong, China growth
ENTIAL on Wednesday (Apr 30) reported a 12 per cent rise in new business profit for the first quarter, as the Asia-focused insurer…
Business
How Smart Logistics Can Supercharge Your Startup’s Growth
Building a startup’s like racing a car you’re still tinkering with—product design and marketing get all the love, while logistics often…
Business
Hong Leong Finance sees over 300% growth in EV loans
Hong Leong Finance (HLF) announced that it has seen a more than 300 per cent increase in electric vehicle (EV) loans, from S$73 million in…
Business
Trade war may lower growth and inflation in eurozone, ECB’s Cipollone says
A GLOBAL trade war could lower both economic growth and inflation in the eurozone, and it could have an “unambiguously recessionary…
Business
iFast Q1 net profit rises 31.2% to S$19 million on continued growth in UK bank, wealth management platform business
Digital bank and wealth management platform iFast said its net profit rose 31.2 per cent year on year to S$19 million for the first…
Business
Pepsico Cuts Growth Forecast Amid Tariffs and Slowed Consumer Spending
Consumers, worried about the economy, are pulling back on their spending, and that anxiety is translating into lower sales and profits for…
Business
Luxury brand Hermes to pass on tariff costs to US clients as sales growth slows
France’s Hermes will fully shift the burden of tariffs in the US to its wealthy clientele, the company said on Thursday (Apr 17), as it…
Business
Gold hits record high on economic growth concerns
Gold prices raced to an all-time high on Wednesday (Apr 16), driven by a weaker US dollar, trade war tensions and concerns over global…
Business
Global real estate recovery to speed up growth in MSCI’s private-market indices
Index provider MSCI sees a recovery in global real estate fuelling faster growth in its private-market indices in the coming years, after…
Business
Snowflake continues investing in growth in an AI revolution
Artificial intelligence (AI) has a symbiotic relationship with data – and data management platform Snowflake has taken this ball and run…
News
Majid Al Futtaim boosts luxe growth and plans 30 new Middle East stores
Majid Al Futtaim, a family-owned conglomerate which operates shopping malls, retail and hotel establishments in the Middle East and North…
Business
TikTok drives ByteDance’s 29% growth while China business slows
ByteDance’s revenue jumped 29 per cent to US$155 billion in 2024, after online video phenom TikTok drove a worldwide expansion that helped…
Business
CapitaLand Investment’s Ascott to add 600 units to India portfolio, eyes growth in country
Ascott, the wholly owned lodging business of asset manager CapitaLand Investment (CLI), has inked three agreements to add 600 units to its…
Business
RBI cuts rates, changes stance to 'accommodative' as US tariffs add to growth risks
The Reserve Bank of India (RBI) lowered its key repo rate on Wednesday (Apr 9) for a second consecutive time and changed its monetary…
Business
China engineers orderly yuan drop as trade war threatens growth
China is guiding the yuan weaker at a carefully orchestrated pace, as the central bank seeks to blunt some of the economic impact of the…
Business
Fed’s Powell says larger-than-expected tariffs mean higher inflation, slower growth
US President Donald Trump’s new tariffs are “larger than expected” and the economic fallout including higher inflation and slower growth…
Politics
Powell Warns Trump’s Tariffs Risk Stoking Even Higher Inflation and Slower Growth
Jerome H. Powell, the chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower…
Business
Mitsubishi plans to invest four trillion yen over next three years to drive growth
The company’s largest shareholder is legendary US investor Warren Buffett’s Berkshire Hathaway, which has a 9.67 per cent stake, according…
Business
Bankers get boost in Asia-Pacific as M&A growth tops US, Europe
The race is far from over, but the Asia-Pacific has come out of the blocks much faster than the US and Europe in dealmaking activity this…
Politics
Trump’s Dismantling of Minority Business Agency Could Hinder Job Growth
The Trump administration’s move to gut an agency that aims to support minority-owned businesses has alarmed Democratic lawmakers and…
Business
Decathlon sees 5.2% revenue growth in 2024
French sporting goods retailer Decathlon Group has reported a revenue increase of 5.2% in 2024 at constant exchange rates compared to the…
Business
Meta’s Asia-Pacific chief quits after a decade-long growth spurt
Meta Platforms is losing its senior-most business executive for the Asia-Pacific, an industry veteran who shepherded some of the social…
Business
Xpeng may add EV output in Europe, Latin America in growth push
Chinese electric vehicle (EV) maker Xpeng is looking to ramp up its global expansion, including investing in manufacturing plants and…