Tag: GDP

Asian markets show mixed performance as Hong Kong and China stocks rise, despite worries about economic slowdown. The MSCI Asia-Pacific index edges up, with Hang Seng surging over 2% following China's COVID policy relaxation. Australian and Japanese markets experience declines, reflecting ongoing global economic uncertainties.

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.

Malaysia's franchise sector is experiencing rapid growth, with sales expected to reach RM22.66 billion by 2025. The industry currently has 1,149 registered franchisers and 13,779 outlets, creating approximately 49,000 jobs nationwide. Prime Minister Ismail Sabri Yaakob highlights the sector's potential for job creation and international brand expansion.

Indonesia's economy rebounds strongly with 7.07% growth in Q2, marking its best performance in 17 years. However, the recovery is threatened by increasing COVID-19 cases, potentially impacting future economic progress and stability.

Singapore's economy showed resilience in the first quarter of 2021, with a 1.3% growth according to the Ministry of Trade and Industry. Despite ongoing global economic challenges from the pandemic, the country's economic performance remains promising, with a full-year forecast expected to be reviewed in August.