Thailand will dole out 560 billion baht (US$16 billion or RM74.75 billion) to its 55 million adults in the next six months to spur domestic demand and investment, with new Prime Minister Srettha Thavisin pitching the revival of a sluggish economy as his government’s top priority.
UBS Group AG is cutting Asia wealth-management jobs in the low hundreds, just months after completing its takeover of rival Credit Suisse as the bank responds to muted client activity and China’s slowing economy.
After staving off recession for longer than many thought possible, the US consumer is finally about to crack, according to Bloomberg’s latest Markets Live Pulse survey.
Malaysia will develop a policy to ban exports of rare earth raw materials to avoid exploitation and loss of resources, Prime Minister Anwar Ibrahim said on Monday, making it the latest country to restrict shipments of key minerals.
Malaysia is aiming for economic growth of at least 5% annually until 2025, lower than the Southeast Asian nation's previous target, Prime Minister Anwar Ibrahim said on Monday.
China's economic problems are more likely to affect the region than the United States, U.S. Deputy Treasury Secretary Wally Adeyemo said on Monday, a day after President Joe Biden called China's economic situation a "crisis."