Tag: Business

Thailand , July 25, 2024 Thailand’s once-promising cannabis revolution is unraveling fast. After becoming the first Asian country to decriminalize marijuana in 2022, the Thai...

Indonesia's ASEAN presidency aims to boost economic recovery by improving regional connectivity, enhancing competitiveness, and strengthening financial services and food security. Minister Airlangga Hartarto emphasizes the importance of bridging the digital divide among member nations.

Chile's ratification of the CPTPP creates significant opportunities for Malaysian businesses, offering reduced tariff rates and easier market access across 11 Pacific Rim countries, according to Minister Tengku Zafrul Abdul Aziz.

Major US bank leaders like Jamie Dimon predict economic challenges ahead, citing inflation's impact on consumer purchasing power. With pandemic savings expected to deplete by mid-2023 and potential interest rate stabilization, banks are preparing for a potential mild to hard recession next year.

Banking stocks remain a relatively safe investment despite emerging challenges. The sector is experiencing declining interest rates, increasing deposit competition, and potential asset quality issues. Experts suggest focusing on non-interest revenue streams to maintain financial resilience in a potentially challenging economic landscape.

Sarawak aims to achieve a record revenue of RM11 billion in 2023, with approximately RM5.25 billion from taxes. The state's income will come from diverse sources including crude oil, LNG, palm oil, and other industrial sectors.

Taiwanese economic officials are expressing concerns about recent US semiconductor restrictions potentially harming the island's critical technology export sector. The new Chips and Science Act could significantly disrupt Taiwan's advanced chip manufacturing ecosystem, introducing uncertainty into global supply chains.

RHB Bank is on track to meet most of its 2022 financial targets, including a 9.3% return on equity, 4-5% loan growth, and maintaining a low gross impaired loan ratio. Group CEO Mohd Rashid Mohamad reports progress across multiple key performance indicators.

Bank Negara Malaysia has released an exposure draft outlining licensing and regulatory guidelines for Digital Insurers and Takaful Operators (DITOs). The proposed framework aims to facilitate market entry, promote competition, and provide value-driven insurance solutions while ensuring sustainable business practices and policyholder benefits.

Asia-Pacific leaders gathered at the APEC summit in Thailand, strongly condemning Russia's war in Ukraine while emphasizing the need for open trade and economic stability. The majority of the 21 participating nations expressed concern about the conflict's global economic implications, marking a significant diplomatic moment.