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Asia’s High-Net Worth Market Will Hit Double-Digit Growth: Report

Asia’s High-Net Worth Market Will Hit Double-Digit Growth: Report

by Teuvo Tuomi | Oct 14, 2024 | Asia, Business, Economy, Investment, News

Asia’s high-net worth (HNW) market will reach 10-20% growth in the next 2-5 years, higher than before the pandemic, insurers and brokers in Singapore and Hong Kong predict. Swiss Re reports that the optimism stems from the belief that emerging Asia will outperform...
Vietnam’s Growth Fastest in ASEAN: AMRO

Vietnam’s Growth Fastest in ASEAN: AMRO

by Teuvo Tuomi | Jul 17, 2024 | ASEAN, Business, Cambodia, Economy, Philippines, Singapore, Southeast Asia, Vietnam

The ASEAN+3 Macroeconomic Research Office (AMRO) has revised Vietnam’s economic growth forecast to 6.3% for 2024 in its latest update. The growth rate is 0.3% higher than the April forecast. It is also the highest among ASEAN countries for 2024. The Singapore-based...
Philippines Tipped to Top Southeast Asia’s Growth Chart

Philippines Tipped to Top Southeast Asia’s Growth Chart

by Teuvo Tuomi | Dec 15, 2023 | Economy, News, Philippines

The Philippines is expected to be the growth leader in Southeast Asia, the Asian Development Bank’s (ADB) update Asian Development Outlook predicts. The country’s growth forecast for 2023 is kept at 5.7%. This makes the Philippines the top performer as the...
ADB Sees Growth Slowing in Southeast Asia

ADB Sees Growth Slowing in Southeast Asia

by Teuvo Tuomi | Dec 14, 2023 | ASEAN, Economy, News, Southeast Asia

According to the Asian Development Bank, developing Asia’s outlook remains upbeat despite global challenges. The 2023 growth forecast is revised up from Asian Development Outlook September 2023’s projection to 4.9% from 4.7%. The 2024 forecast is maintained at 4.8%....

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