economy

Singapore reclaims top spot in IMD world competitiveness ranking as business efficiency improves

The last time the Republic took first place on the annual index was in 2024

Parts for various robots in Shenzhen. Innovation requires what economists call rents: abnormally large profits that more than compensate for innovators’ costs.

The enduring enigma of economic growth

Unlike politicians, economists admit that they don’t know why countries prosper or stagnate

More than a thousand students rallied in central Jakarta on Jun 12 to accuse the government of failing to address economic pressures.

Indonesia’s fuel price hike, rupiah rout pile pressure on Prabowo as students protest

They are calling for the government’s free meals programme to be scrapped as living costs rise

Fifa projects that the World Cup could inject more than US$40 billion to global GDP, despite the significant challenges lying ahead.
THE BROAD VIEW

Economic boost from 2026 Fifa World Cup may not live up to the hype

Big sporting events promise a boost to the host’s economy, but it is not a guarantee

Former Fed chair Janet Yellen (left) speaking with Amundi CEO Valerie Baudson at the Amundi World Investment Forum 2026.

Rate hikes unlikely despite hot inflation and strong jobs in US: Amundi

Former Fed chair Janet Yellen also does not expect rate increases soon, due to uncertainty over oil prices

The Reserve Bank of Australia is aiming to cool activity and stave off second-round inflationary effects from higher fuel costs.

Data centre boom props up Australia’s slowing economy

Private investment rises 4% in Q1, with a 16% jump in spending on machinery and equipment

By targeting supermarket prices alone, governments miss an opportunity to tackle the real causes of the affordability crisis.

The affordability crisis is about more than prices

Governments are responding to affordability concerns by negotiating retail price cuts, but results disappoint

New orders across the private sector fell at their fastest pace in 18 months, with new export orders declining at the steepest rate since January 2025.

Eurozone economic activity contracts at fastest pace in over two years in May

The PMI fell to 47.5 in May from 48.8 – its lowest since October 2023

From left: IMDA's Yvonne Lim, who moderated the panel; Acting Minister for Transport Jeffrey Siow; SMU's Professor Lily Kong; and Singtel's Ng Tian Chong.

As AI reshapes entry-level work, fresh grads must prepare for the ‘third-year job’: panel

They will need to place greater emphasis on internships, work-study programmes and adaptability 

For Indonesia to remain a stable anchor for the region, it must pivot from consumption-driven stimulus to urgent structural reforms, says the writer.

Indonesia’s 5.6% growth is a fiscal ‘sugar rush’, not a structural boom

How can an economy grow so fast while its currency hits record lows?