Singapore · Thursday, September 17, 2026
asianomistAsia’s economy, daily.
Author

Aisyah Kamal

Desk byline for Southeast Asia at Asianomist: Indonesia, Vietnam, Thailand, the Philippines, Malaysia and Singapore.

Latest from Aisyah Kamal
Southeast Asia

Indonesia Integrates Indigenous Land Data for Spatial Planning

Indonesia's government has combined data from its Ministry of Culture, the Ancestral Domain Registration Agency (BRWA), and AMAN to map 3,857 Indigenous communities. This initiative aims to strengthen policymaking and land recognition, potentially streamlining spatial planning.

India & South Asia

Sri Lanka expands water schemes amid Colombo contamination concerns

New community water supply projects by the Department of National Community Water Supply aim to complete 197 outstanding schemes by 2027, addressing two decades of urban water quality decline.

Southeast Asia

Shanmugam Affirms Temasek Firms' Commercial Autonomy

Senior Minister K Shanmugam stated that Temasek-linked companies must prioritise commercial judgement. They should operate without fear of political influence. This approach safeguards Singapore's long-term investment returns.

Southeast Asia

Philippine Exporters Can Claim VAT Refunds While Awaiting Certification

The Bureau of Internal Revenue issued new guidelines on September 7, allowing export-oriented enterprises to recover Value-Added Tax on purchases made before receiving zero-rating status. This applies to VAT incurred from November 28, 2024, through December 31, 2025.

China

China Arrests 52 Singaporeans in Guangxi Pyramid Scheme Crackdown

Chinese authorities in Guangxi province detained 52 Singaporean nationals for alleged involvement in pyramid scheme activities. Singapore's MFA and SPF confirmed the arrests.

Southeast Asia

Philippines Q4 Growth Forecast Exceeds Four Percent, UA&P Says

The University of Asia and the Pacific projects Philippine economic expansion above four percent in the final quarter of 2026, driven by infrastructure spending and demand.

Asia World

Hong Kong Luxury Spending Fuels Uneven H1 Economic Recovery

Hong Kong's economy recorded its strongest half-yearly growth in nearly five years. High-end consumption and a polarised property market drive this recovery, with residential assets outperforming commercial spaces.

Southeast Asia

Singapore Tax Revenue Climbs 9.4% to S$97.3 Billion in FY2025–26

Singapore's tax revenue reached S$97.3 billion in the 2025–26 financial year, a 9.4% increase. This collection reflects robust economic activity and consumer spending, the Inland Revenue Authority of Singapore reported.

Southeast Asia

Singapore Core Inflation Hits 2% in July on Energy, Food Costs

Singapore's core inflation reached 2% in July, driven by increased utility, food, and service expenses. This marks the fastest pace since October 2024, prompting scrutiny of household spending capacity.

India & South Asia

India Slashes Sugar Stock Limits, Producers' Shares Fall

India's government reduced sugar stockholding limits for dealers by half, effective September 15. This policy aims to curb hoarding and stabilise domestic prices. Major sugar producers' shares fell following the announcement.

India & South Asia

India's Ministry of Health Expands Lifetime Benefits for Dependents

India's Ministry of Health now grants lifetime medical benefits to dependent sons and brothers suffering from critical or terminal illnesses. This policy update relaxes age and marital status requirements under the Central Government Health Scheme (CGHS).

Japan & Korea

BoK: South Korea Sept Inflation Eases, Core Pressures Persist

The Bank of Korea forecasts a moderation in headline inflation for September 2023. This change follows a fading statistical base effect. However, underlying price pressures, particularly in core items, persist.

Japan & Korea

South Korea August Inflation Hits 3.1%, Mobile Bills Distort Figure

South Korea's August consumer price increase reached 3.1%. Stripping out a surge in mobile communication bills, the figure drops to 2.5%.

Japan & Korea

South Korea imposes anti-dumping duties on Chinese butyl acrylate

Seoul's finance ministry will levy anti-dumping duties on Chinese butyl acrylate imports, citing harm to local industry. The measure aims to correct market distortions from low-priced goods.

Southeast Asia

Singapore to Auction S$3 Billion in Forfeited Luxury Assets

Singapore will progressively sell over 80 properties and more than 1,000 luxury items. These assets were forfeited from its S$3 billion money laundering case. Sales commence September 2026, concluding by mid-2027.

China

China Directs Carmakers to Halt Overseas Price Wars

Beijing has issued new guidelines for Chinese carmakers and component suppliers. They must avoid steep discounts in international markets, a move aimed at fostering long-term global competitiveness for the industry.

India & South Asia

India's RBI: Lending Rates Mixed, Fresh Deposits Cheaper in July

India's central bank reported varied rate movements for commercial banks last month. Fresh rupee loans became slightly cheaper. However, outstanding loan rates rose, while deposit rates showed a mixed trend.

Southeast Asia

Singapore Expands Childcare Leave; Businesses Face Workload Shift

Singapore has expanded childcare leave entitlements to encourage higher birth rates. While parents welcome the change, non-parent employees voice apprehension about increased workplace responsibilities.

Japan & Korea

South Korea Names Lee So-young SMEs Minister

President Lee Jae Myung appointed two-term lawmaker Lee So-young as Minister for SMEs and Startups, ending a 61-day vacancy.

Southeast Asia

Philippines 2027 Budget Transparency: MAP, DEPDev Push CADENA Act

The Management Association of the Philippines (MAP) demands full transparency for the 2027 national budget. The Department of Economy, Planning and Development (DEPDev) will recommend the Citizen Access and Disclosure of Expenditures for National Accountability (CADENA) Act as a priority legislative measure.

Southeast Asia

Singapore Scam Losses Drop to S$410.6 Million in H1 2026

Singapore recorded fewer scam cases in the first half of 2026, but victims still lost S$410.6 million. Investment scams caused the largest financial impact, while business email compromise losses nearly tripled.

Southeast Asia

Singapore Leads Vietnam FDI in 2026 With US$7.5 Billion

Singapore became Vietnam's largest foreign direct investor in the first seven months of 2026. The city-state committed US$7.5 billion, representing over a third of total registered investment.

India & South Asia

RBI: India's Domestic Economy Resilient in August

India's economy maintained strength in August 2026, driven by internal demand and activity. This occurred despite global geopolitical and trade uncertainties, the Reserve Bank of India stated in its monthly Bulletin.

Southeast Asia

Philippines Reopens Poultry Imports from Minnesota, Illinois

Manila has reopened its market to poultry and related products from Minnesota and Illinois. The Department of Agriculture cited the end of bird flu outbreaks in these US states.

Southeast Asia

Singapore Cannot Fully Trace Shipments for US Tariffs, PM Wong States

Singapore's Prime Minister Lawrence Wong stated the nation cannot realistically verify every product's supply chain. This addresses US demands regarding tariffs, forced labour, and rerouted goods. He highlighted a global trade environment increasingly shaped by security concerns.

Southeast Asia

Indonesia Constitutional Court Faces Land Rights Challenge Over Conservation Law

Indigenous groups in Indonesia are challenging parts of the 2024 conservation law in the Constitutional Court. They argue the legislation could allow the government to designate ancestral lands as conservation areas without community consent, creating legal uncertainty for land-intensive industries.

Asia World

Experts Advise: Integrate AI Risks into Existing Corporate Governance, Not New Policies

Businesses should integrate artificial intelligence risks into their current corporate governance and disclosure systems, rather than developing separate policies. This approach demonstrates operational maturity and addresses immediate concerns.

India & South Asia

India's EPFO Opens Compliance Window for Uncovered Workers

India's Employees’ Provident Fund Organisation (EPFO) launched a temporary scheme. It allows companies to formalise past employment records and enrol previously uncovered staff for social security benefits. The campaign runs until October 31, 2026.

India & South Asia

Mumbai's BEST Electrification Sparks Driver Protests Over Pay, Job Security

Mumbai's public bus operator, BEST, is electrifying its fleet, but contractual models for e-buses are eroding driver pay and job security. This has sparked protests and safety concerns.

Southeast Asia

Malaysia's Civil Service Pension Bill Strains Public Funds

Malaysia faces escalating government pension costs. Payments are estimated to reach RM42.8 billion this year, consuming 12.5% of total revenue. This trend diverts funds from critical capital development and talent from the private sector.