Economy News

Economy

Malaysians Flocking to Singapore for Lucrative Jobs and Better Retirement Prospects

Many Malaysians are finding employment in Singapore to secure better retirement prospects, attracted by higher salaries and Singapore's superior retirement system compared to Malay...

Economy

Bank of Japan Governor Ueda Advocates for Prudence Amidst January Rate Hike Speculations

Bank of Japan Governor Kazuo Ueda stresses the importance of caution in shaping monetary policy, refraining from hinting at a potential January interest rate hike and emphasizing t...

Economy

1MDB Sues Amicorp Group for Alleged Role in $7 Billion Fraud Scandal

Malaysian sovereign wealth fund 1MDB files a billion-dollar lawsuit against Amicorp Group, alleging crucial role in facilitating a multibillion-dollar fraud. The lawsuit accuses Am...

Economy

China's Central Bank Injects $41 Billion to Boost Financial System

The People's Bank of China has injected 300 billion yuan ($41 billion) into the financial system through its one-year lending facility, while also keeping its Medium-term Lending F...

Economy

Vietnam's Fruit and Vegetable Exports Soar to Record $7.2 Billion

Vietnam's fruit and vegetable exports hit a record $7.2 billion, driven by successful market entries and off-season cultivation techniques. Key fruits like pomelos and passion frui...

Economy

Indonesia's Direct Durian Export to China: A Game-Changer for Farmers

Indonesia seeks to boost durian exports to China by facilitating direct shipments, bypassing current transit through Thailand. This move aims to capitalize on the growing Chinese d...

Economy

US Banks Prepare to Challenge Fed Over Stress Test Transparency

Major US banks are reportedly planning to sue the Federal Reserve over its annual stress tests, citing concerns about transparency and capital requirements. The Fed has proposed ch...

Economy

Japan's Struggles to Hire Guest Workers: The Impact of Illegal Recruitment Practices

Recruitment companies in Vietnam are struggling to meet their targets for hiring guest workers for Japan due to illegal recruitment practices by intermediary firms. The government ...