Economy

Vietnam's Trade Surpasses Forecasts Amid Rush to Beat Potential Trump Tariffs

Separate customs data that was released on Wednesday, August 6, showed that exports to the US increased 26% to $14.2 billion in July.

Aug 7, 2025

By Samhati Bhattacharjya

ThetaRay Launches Self-Service Compliance Tools Amid Rising Financial Crime Pressures in Asia-Pacific

Peter Reynolds said As financial crime grows more sophisticated, and regulators demand faster, more effective responses, ThetaRay is positioning itself as a key player in the next generation of compliance infrastructure.

Jul 28, 2025

By IBT Desk

Singapore economy expands by 1.8 per cent in Quarter 1

MTI's Preliminary Forecast Suggests Singapore's Economy Grew 4.3% in the Fourth Quarter, Slower Than the Previous Quarter

In his New Year's greeting, Prime Minister Lawrence Wong stated that Singapore's economic growth in 2024 exceeded forecasts.

Jan 3, 2025

By Samhati Bhattacharjya

Islands Need Resilient Power Systems More Than Ever: IEA

IEA said that electricity generation on islands can cost 10 times more compared to mainland territories and countries

Jul 14, 2024

By Nirmal Narayanan

Singapore and Brunei Enhances Bilateral Judicial Cooperation

Sundaresh Menon said that judiciary has a pivotal role to play in strengthening a country's economy

Jul 7, 2024

By Nirmal Narayanan

Total Wages in Singapore Grew at a Moderate Rate in 2023: Official Data

Singapore's Ministry of Manpower said that wages continued to grow, albeit at a more moderate pace compared to 2022

Jun 25, 2024

By Nirmal Narayanan

UN Estimate Shows Slowdown of Global Economic Growth From 2.7% to 2.4% in 2024; Less Than Pre-Pandemic Growth

Global economic growth is projected to slow from an estimated 2.7 per cent in 2023 to 2.4 per cent in 2024, trending below the pre-pandemic growth rate of 3 per cent, said the United Nations World Economic Situation and Prospects (WESP) 2024 report

Jan 5, 2024

By IBT News Desk

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

US House Speaker Kevin McCarthy has said the Senate's proposed stopgap funding measure is unlikely to advance in the House, as a federal government shutdown looks increasingly likely.

Sep 28, 2023

By IBTimes SG Desk

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

The updated 2024 projection is well above the central bank's 2% target and will be higher than the 3% forecast in June.

Sep 13, 2023

By Reuters

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%

With 70% of household wealth tied up in the ailing property market, coupled with rising youth unemployment, weak consumption demand and the reluctance by depressed private firms to invest, policymakers have been fighting an uphill job in reviving growth.

Sep 12, 2023

By Reuters

Pakistan Economic Crisis: 35-Yr-Old Dies by Suicide Over Exorbitant Power Bill, Second Such Death in a Week Amid Protests

The tragic incidents come as the caretaker government has failed to come up with any relief measures for the agitating citizens.

Aug 30, 2023

By IANS

US economy expands 1.4% in fourth quarter; corporate profits fall

Revised GDP Data Shows US Economy Remains Resilient, Powered by Consumers

Economists conclude that the latest figures show the economy's resilience, given the backdrop of a more than 500 basis point increase in interest rates since March 2022.

Aug 30, 2023

By Jacob J

Analysis: US Growth, a Puzzle to Policymakers, Could Pose Global Risks

Fed policymakers will deliver a crucial update to their economic outlook at a Sept. 19-20 meeting, when they are expected to leave their policy rate unchanged at 5.25% to 5.5%.

Aug 27, 2023

By Reuters