The Bank of Thailand raised its benchmark interest rate to a decade-high of 2.5% in September 2023, a move that the government complains is weighing on the economy.
Economy

Thailand's central bank shrugs off political pressure to cut rates

Executive says recent price falls 'not a cause' for monetary easing

16 January 2024
Patuxai monument in Vientiane: Between 2017 and 2022, the volume of public and publicly guaranteed debt in Laos rose to 112% of GDP from 52%. (Photo by Ken Kobayashi)
Opinion

Laos is getting a handle on its debt

Controls on borrowing to be tightened and revenue collection improved

15 January 2024
Indonesian Defense Minister and presidential candidate Prabowo Subianto, left, and running mate Gibran Rakabuming, who is the eldest son of President Joko Widodo, appear at a debate in Jakarta on Jan. 7.
Indonesia election

Jokowi boosts policy support for Prabowo as Indonesia vote nears

Leading presidential candidate benefits from incumbent's high popularity

15 January 2024
BYD's vehicles line up at its manufacturing base in Hefei, in China's Anhui province. (Photo by VCG/VCG via Getty Images)
Your Week in Asia

BYD's Indonesia foray, China GDP, JAXA lunar landing

Your weekly lineup of Asia's biggest business and political events

14 January 2024
The Department of Finance building in Manila. (Photo by Yuichi Shiga)
Economy

Philippines' Marcos names lawmaker Recto as new finance chief

Incoming top official will aim to fuel growth while taming inflation

12 January 2024
Malaysian Economy Minister Rafizi Ramli poses after an interview with Nikkei Asia in Kuala Lumpur on Jan. 8. (Photo by Norman Goh)
Interview

Malaysia wants to make Johor 'new engine of growth'

Economy minister hopes special economic zone with Singapore boosts tech, renewables

12 January 2024
A farmer works in her field in Thailand. Exports of Thai rice recovered in 2023.
Agriculture

Vietnam and Thailand rice exports soar after India ban

Consumers feel the pinch of higher prices as countries scramble to secure supply

12 January 2024
OECD Secretary-General Mathias Cormann speaks to Nikkei Asia in Tokyo on Jan. 11. (Photo by Yuki Kohara) 
Economy

OECD chief says Indonesia's membership application 'exciting'

Southeast Asian country brings voice of emerging economies

11 January 2024
Malaysian economy minister Rafizi Ramli, center right, and Singaporean trade minister Gan Kim Yong, center left, exchange documents in a signing ceremony in Johor on Jan. 11. (Photo by Norman Goh)
International relations

Singapore and Malaysia to launch QR code border clearance

Neighbors sign agreement on Johor economic zone to boost growth

11 January 2024
Bank of Thailand Gov. Sethaput Suthiwartnarueput, left, meets with Prime Minister Srettha Thavisin in Bangkok on Jan. 10. (Photo courtesy of the Office of the Government House)
Inflation

Thai PM pressures central bank to cut rates to boost economy

Srettha offers to exchange ideas on monetary policy every week

10 January 2024
Foreign tourists at Khaosan street, a famous nightlife zone in Bangkok. (Photo by Hiroki Endo)
Travel & Leisure

Extended nightlife hours revive Thai tourism

New Year's events also spark more tourist spending and boost economy

10 January 2024
Under a new law, buyers into designated entities in Singapore would have to notify authorities if becoming a 5% shareholder, and seek approval before taking up 12% or more. (Photo by Ken Kobayashi)
Politics

Singapore passes bill to vet company buyouts for national security

Government to disclose list of 'designated entities' when law takes effect

9 January 2024
There is no obvious successor to the dollar.
Opinion

Asia can reduce its dollar dependence but it won't be easy

Reliance on greenback is byproduct of export-led development model

8 January 2024
Protesters gather outside the Myanmar Embassy in Tokyo in February 2023. Many Myanmar nationals work abroad, including in Japan and South Korea.
Myanmar Crisis

Myanmar imposes new income tax on workers abroad

Employers worry payments would help fund military regime

7 January 2024
Thai Prime Minister Srettha Thavisin delivers policy statements to parliament in September after a monthslong delay in the formation of a government.
Economy

Thai lawmakers greenlight delayed $101bn fiscal budget

Srettha government allocates 20% to investment in narrow spending window

5 January 2024
Outside Bangkok's Siam Paragon shopping mall. Consumer prices are edging up, mostly due to weather and the high cost of producing some fresh foods. (Photo by Ken Kobayashi)
Inflation

Thailand bucks peers as consumer prices drop for 3rd month in row

Energy subsidies keep inflation down while core CPI ticks up

5 January 2024
Bystanders look at a damaged road on Japan's Noto Peninsula following a deadly earthquake on Jan. 1.
Natural disasters

Asian leaders offer assistance for Japan earthquake response

Marcos, Yoon and more express solidarity as death toll climbs

3 January 2024
Singapore's government anticipates economic growth this year will be driven by exports, particularly of semiconductors. (Photo by Fumito Akiyama)
Economy

Singapore's GDP growth slows to 1.2% in 2023

City-state expects 1%-3% expansion for 2024 as external demand to recover

2 January 2024
China's path to economic recovery looks to be tough in the new year even though its government has rolled out a raft of measures to boost the slow economy. (Nikkei montage/Source photos by Reuters) 
Market Spotlight

Rate cuts, Chinese rebound in focus for Asia in 2024

Investors waiting on Japan to end its ultraloose monetary policy

1 January 2024
Prices of rice remain high in Asia as its major exporters move to prioritize domestic demand.
Datawatch

Higher rice prices keep inflation simmering in Asia

Prices of staple food hit a 15-year high due to extreme weather and export ban

31 December 2023
Orchard Road in Singapore in November: While not as many Chinese tourists or moderate-spending locals are filling the boutiques, luxury brand shoppers have been active. (Photo by Hiroki Endo)
Economy

Singapore's Orchard Road loses Chinese tourists, midrange spenders

Indian visitors surprise local business group by showing up in large numbers

30 December 2023
A jetty for oil tankers is seen in Kyaukpyu, Myanmar. The nation plans to build a deepwater seaport in this township with China's backing.
Myanmar Crisis

Myanmar and China's CITIC to resume stalled deepwater port project

Site envisioned as Beijing's gateway to Indian Ocean under Belt and Road

29 December 2023
Workers at a private garment factory in Hanoi. Vietnam's export-driven economy has been slowing.
Economy

Vietnam's 5% economic growth for 2023 misses official target

Southeast Asian manufacturing hub's GDP expansion weighed by drop in export orders

29 December 2023
A supermarket in Singapore. This chain, Sheng Siong, will roll out a three-month discount in 2024 on most of its items to offset the additional goods and services tax. (Photo by Tsubasa Suruga)
Economy

Singapore, Malaysia to raise consumption tax amid inflation fears

Southeast Asia balances fiscal needs against uncertain economy in 2024

28 December 2023
A Filipino at a remittance center in the Metro Manila city of Makati receives pesos sent by a relative working abroad.
Economy

Cross-border remittances at all-time high for third consecutive year

Workers from South and East Asia, Pacific drive increase, World Bank says

28 December 2023