A Jakarta shopping district. The cross-border QR code payment arrangement will make it easier for Southeast Asians to pay for items in other countries in the region.
Economy

Vietnam, Philippines and Brunei to join cross-border QR payment scheme

ASEAN-wide arrangement would ease reliance on U.S. dollar

26 August 2023
Srettha Thavisin speaks at the Pheu Thai Party's headquarters in Bangkok after he was elected as the next prime minister on Aug. 22. (Photo by Ken Kobayashi)
Thai election

Thailand's new PM Srettha to lead next government: 5 things to know

People pin hope on new leader, with money handout promised

23 August 2023
While global leaders make the trek to Port Moresby to court PNG's leader, rising debt, inflation and sluggish growth could derail Prime Minister James Marape's plan to make his country the world's "richest Black Christian nation."
Asia Insight

Papua New Guinea's Marape: Pacific power broker or PM in peril?

Amid U.S.-China balancing act, PNG leader faces mounting pressure at home

22 August 2023
Ho Chi Minh City has plenty of upmarket condos, but analysts hope a market correction will bring Vietnam's prices back down to earth. (Photo by Lien Hoang)
Property

Vietnam hopes property shakeup will remedy supply-demand mismatch

Echoes of China as bond defaults mount and real estate deals slow

21 August 2023
Tourists at the Wat Phra Kaew temple in Bangkok on Aug. 7: Thailand's GDP growth slowed to 1.8% in the second quarter despite recovery in the tourism sector. (Photo by Ken Kobayashi)
Economy

Thailand Q2 GDP growth slows to 1.8% despite tourism recovery

Annual outlook lowered to 2.5-3.0% as weak exports weigh on economy

21 August 2023
A view of the moon from the Chandrayaan-3 lander during Lunar Orbit Insertion on Aug. 5 in this screengrab from a video released Aug. 6. (Photo by ISRO/Handout via Reuters)
Your Week in Asia

China prime rate, Cambodia's new PM, India moon landing mission

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

20 August 2023
A vegetable vendor waits for customers at her stall at a market in Paranaque City, Metro Manila, the Philippines, on April 17. Farmers say storm damage is driving up their costs.
Economy

Marcos' Kadiwa stores leave Philippine shoppers feeling empty

Marcos Jr. revives father's ineffective program to address rising food prices

19 August 2023
A port in Butterworth, Malaysia. The country's economy slowed in the second quarter of 2023 as weaker exports weighed on its latest gross domestic product figures.
Economy

Malaysia's GDP growth slows to 2.9% in Q2 on weak exports

Southeast Asia's manufacturing hub faces 'weaker-than-expected' global economy

18 August 2023
Opened in 2015, the Integrated Maritime and Fishery Center Natuna is the largest fishing port on Natuna Besar. (Photo by Koya Jibiki)
South China Sea

Indonesia taps local fishers to boost Natuna Islands defense

Modernizing industry emerges as priority in deterring Chinese maritime claims

18 August 2023
Containerships arrive at a port in Singapore. Trade between Japan and ASEAN nations still involves considerable paperwork. (Photo by Nikkei)
Trade

Japan and ASEAN seek to ease trade through digital shift

Road map to be agreed on this month aims to slash paperwork with private services

18 August 2023
A farmer works in a rice paddy in Thailand's central Khon Kaen province. (Photo by Ken Kobayashi)
Commodities

India's rice export ban brings chaos to Thai market

Surging demand sparks speculative hoarding, undercuts export opportunity

17 August 2023
Indonesian President Joko Widodo, wearing traditional attire from the Tanimbar Archipelago, delivers his state of the nation speech to parliament in Jakarta on Aug. 16.
Economy

Jokowi urges next leader to maintain commodity policies

Indonesia also unveils $216bn draft budget for 2024, up 8%

16 August 2023
Chinese exports to ASEAN dropped by 21% in July from a year ago.
Caixin

Container shipping rates fall on weaker China-ASEAN trade

Shanghai to Singapore 20-foot container spot price down 30% from March

16 August 2023
The Bangkok skyline on July 3: The economic costs of shoddy politics are incalculable for Thailand, a country that was once Southeast Asia's star performer. 
Opinion

Business is out of patience with Thailand's political mess

Economy will continue to perform below potential without major reforms

14 August 2023
Indian Prime Minister Narendra Modi meets with folk artists after addressing the nation during Independence Day celebrations at the historic Red Fort in Delhi in 2022.
Your Week in Asia

India, Indonesia, Singapore leaders to speak; Kishida-Yoon-Biden summit

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

13 August 2023
AMRO Chief Economist Khor Hoe Ee speaks during an interview in Singapore. (Photo by Fumika Sato)
Economy

China's economic and tourism recovery hold key to ASEAN

'Supply chain reconfiguration' also benefits region, says AMRO chief economist

12 August 2023
A view of the Singapore skyline and the Tanjong Pagar container terminal. The trade-reliant economy is sensitive to global conditions.
Economy

Singapore cuts 2023 GDP growth outlook to 0.5-1.5% on weak exports

Global electronics downturn 'more protracted than initially thought': official

11 August 2023
Chinese individual travelers line up to check in for flights to Japan at Beijing Capital International Airport on Aug. 10.
Travel & Leisure

China group tourism revival clouded by weak economy

End of Japan, U.S., other tour bans lifts shares, but will wary visitors come?

10 August 2023
A Manila construction site as a Cebu Pacific airplane flies overhead on July 5.
Economy

Philippines' GDP growth slowed to 4.3% in Q2 on lower spending

Marcos administration hoping infrastructure projects will fuel growth

10 August 2023
Tourists at the Wat Phra Kaew temple complex in Bangkok on Aug. 7. The Tourism Authority of Thailand fears budget delays could affect its tourism promotion plan. (Photo by Ken Kobayashi)
Thai election

Thailand's prolonged political deadlock weighs on economy

Businesses fear government spending, FDI will be hit by transition delay

10 August 2023
The Thai baht touched a 26-year high against the yen this month.
Currencies

Baht, won soar against yen as smaller Asian economies outperform

Thai, South Korean currencies bolstered by rate hikes and years of current-account gains

10 August 2023
Indonesia's GDP grew 5.17% in the April-June quarter from a year earlier, buoyed by strong consumer spending during the Muslim holy month of Ramadan. (Photo by Ken Kobayashi)
Economy

Indonesia Q2 GDP growth accelerated to 5.17% on strong spending

Consumption during Ramadan helped expand Southeast Asia's largest economy

7 August 2023
A Hindu holy man in New Delhi in 2021: Pollution and heatwaves in the Indian capital are just early signs of a bleak future that will bring more inhumane conditions.
Opinion

For emerging markets, ESG will not work without economic growth

Combination can help ensure sustainable and inclusive long-term development

7 August 2023
 The Indonesian International Motor Show in 2018: The country's main trade group will hold the Gaikindo Indonesia International Auto Show starting Aug. 10
Your Week in Asia

Indonesia auto show, Cambodia PM transition, Taiwan's Lai visits U.S.

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

6 August 2023
Singapore's Prime Minister Lee Hsien Loong. He says his People's Action Party has taken a hit over recent controversies.
Politics

Singapore political drama exposes frailty of Lee's succession plan

Ruling PAP 'has taken a hit' over minister's graft probe, speaker's resignation

3 August 2023