Philippine Economy Leads Amidst Southeast Asian Growth Challenges
The Philippines is a shining example of resilience amidst challenging regional economic conditions. The ADB’s positive growth forecast for the country reflects the unwavering strength of its consumer spending and the potential for significant contributions from the tourism and BPO sectors. However, as Southeast Asia navigates the headwinds of weakening global demand and inflationary pressures, continued vigilance and innovative strategies will be crucial to sustaining growth and promoting economic prosperity in the region.
Japan’s Kirin Holdings to Acquire Blackmores Limited for $1.24 Billion
Kirin Holdings Co Ltd of Japan will buy Australia’s Blackmores Ltd for $1.24 billion, operating a natural health business in the Asia-Pacific region, the two companies announced on Thursday.
Exclusive: Grab to cut more costs amid economic chill
Grab Holdings Southeast Asia’s biggest ride-hailing and food delivery firm, is cutting more costs to cope with an uncertain economic backdrop, the Singapore-based company’s CEO told staff in a memo.
Incoming Philippine c.bank governor says may consider bigger rate hikes
The Philippine central bank may consider bigger interest rate hikes to support the peso, though will not be obliged to match policy tightening by the U.S. Federal Reserve, the Southeast Asian country’s incoming governor said on Wednesday.
EXCLUSIVE Two senior Grab executives quit as company rejigs unit to stem losses – sources
Two top executives at Grab Holdings’ fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said.
Analysis: Singapore bets on niche SPAC listings to capture tech boom
After years of struggling to emerge from the shadows of regional rivals, Singapore Exchange is looking to establish itself as the hub for blank-cheque firms, riding on regulatory overhaul, support by state firms, and a tech boom in its back yard.
