Wednesday, May 12 2021 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
SEOUL -- South Korea's preliminary Q1 GDP figures show that the economy is now above its pre-pandemic size. The recovery has gained momentum, helped by robust exports and a turnaround in domestic demand, with first quarter GDP coming in at +1.8% compared with - 1.2% in the fourth quarter of 2020.
HONG KONG -- Some of China's banks are likely to miss their deadlines this year to remove or recognise exposure to "shadow" wealth management products (WMPs),says S&P Global Ratings in a report released today.
JAKARTA - Global ratings agency Standard and Poors has affirmed Indonesia's sovereign credit rating at 'BBB/A-2' , but says the outlook remains negative.
HONG KONG -China's economic recovery is still solid, with Q1 GDP registering a record-high year-on-year growth rate of 18.3%, according to official figures. BBVA Bank says Chinese authorities are phasing out their policy stimulus.
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