Tag: Business

Indonesia's 2023 ASEAN presidency aims to accelerate economic recovery by enhancing regional connectivity, improving competitiveness, and strengthening financial and food security sectors. Coordinating Economic Minister Airlangga Hartarto emphasizes bridging digital gaps and supporting post-pandemic growth strategies.

Chile's ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) creates significant opportunities for Malaysian businesses, enabling reduced tariff rates and improved trade prospects between the two countries.

According to CEOs, the largest US banks are preparing for a poorer economy next year as inflation threatens consumer demand. Jamie Dimon, the chief executive...

Banking stocks remain a relatively safe investment despite emerging challenges. The industry anticipates strong retail loan growth while navigating increasing deposit competition, declining interest rates, and potential macroeconomic pressures. Non-interest revenues could become a strategic focus for banks.

Sarawak Premier Tan Sri Abang Johari Openg reveals ambitious revenue plan for 2023, projecting over RM11 billion from diverse sources including state sales tax, crude oil, LNG, and palm oil products.

Taiwanese economic officials express concerns about recent US semiconductor legislation potentially harming Taiwan's critical chip export industries. The $50 billion Chips and Science Act aims to reduce reliance on Taiwanese technology, creating uncertainty for the island's tech manufacturing sector.

RHB Bank is poised to achieve most of its key performance targets for 2022, with a return on equity of 9.3% and loan growth on target. Group CEO Mohd Rashid Mohamad reported that four out of five KPI goals have been met, with only the CASA ratio falling slightly short of expectations.

Bank Negara Malaysia has published an exposure draft detailing regulatory guidelines for Digital Insurers and Takaful Operators. The proposed framework aims to enhance market inclusiveness, competition, and operational efficiency while establishing clear licensing and business model standards for digital insurance providers.

Asia-Pacific Economic Cooperation (APEC) leaders gathered in Bangkok, Thailand, to address global economic challenges. The summit focused on condemning the Russia-Ukraine conflict, promoting open trade, and seeking sustainable economic growth across the region. Most participants denounced the war, marking a significant diplomatic moment.