ASEAN

Fintechs' moves to acquire Indonesian banks will rev up competition: Fitch

RECENT moves by tech firms to acquire small Indonesian banks will add more colour to Asean's financing landscape, but are unlikely to pose a material challenge to the biggest incumbent lenders in...

Measuring the impact of Covid-19 on economic growth in ASEAN

Several weeks of strict lockdowns or the combined effect of the COVID-19 outbreak and the social distancing measures have triggered an economic recession. But which ASEAN economies have been...

Asean body urged to set up air travel bubble to aid sector

The Asean Secretariat should look at ways to set up a regional air travel bubble for pan-Asean leisure travel with no quarantine, a report by the Singapore University of Technology and Design (...

With virus still a problem, Thailand's hopes for economic recovery remain grim

THAILAND ended 2020 on a note of uncertainty thanks to a fresh outbreak of Covid-19, which devastated the tourism-reliant economy last year and is destined to overshadow any recovery in 2021.

Mammoth task as countries gear up for vaccine roll-out

The year started off on a grim note, but it looks like it will end with some good news: Mass Covid-19 inoculations have started to take off, fuelling hopes that the pandemic can finally be reined...

Asean 2021 rebound will be strong but uneven among nations

SOUTH-east Asia will see a strong rebound in 2021, though recovery speeds will vary with the Philippines likely to lag behind, said analysts in two separate reports this week.

Asean-5 to see 5% growth in 2021, 5.7% in 2022: Citi

THE Asean-5 economies should see gross domestic product (GDP) rebound 5 per cent in 2021 - with most economies except the Philippines returning to pre-Covid levels by the end of that year - and 5.7...

DBS analysts cautious on Asean airlines despite Covid-19 vaccine hopes

WHILE progress in Covid-19 vaccine development is a shot in the arm for aviation, recovery in the sector will be long and uneven, with international air travel recovery lagging significantly...

SE-Asia still glimmers despite Covid-19, says panel of startup investors

STEADY fundamentals, rising Internet penetration and richer human capital are some factors that keep South-east Asia attractive for startup investors even amid Covid-19, said a panel of venture...

Maybank predicts U-shaped recovery for Asean, with bumpy road to herd immunity

POST-Covid-19 recovery will be "more U-shaped than V for most of Asean", with real GDP returning to pre-pandemic levels only in early 2022, says a Maybank Kim Eng (Maybank) report.

Half of Singapore consumers prefer to shop local to help Covid-hit firms: poll

AROUND half of Singapore consumers prefer to shop at local businesses to help them recover from the business fallout of Covid-19, according to a study of Asean consumer sentiment done by UOB.