Indonesia's economy grew a slower-than-expected 5.01 percent in the second quarter as a dip in household consumption and a slowdown in key commodity prices hit the resource-rich country, data released Monday showed.The year-on-year expansion was unchanged from the first quarter but below the government target of 5.2 percent growth for 2017."We have to admit that the 5.01 percent growth is below our expectation, but I'd say it's still quite good considering the global econo

Asia’s newest tiger economy is about to find out the cost of being a member of the club.Vietnam has more than doubled its gross domestic product over the past eight years, becoming a high performer in the world’s fastest-growing region.

One of the pillars supporting a rally in developing-nation stocks is starting to look shaky, at least in some parts of Asia.Along with robust economic growth and relatively low valuations, improving earnings have pushed the region’s shares to levels unseen in almost a decade.

The Malaysian ringgit had risen higher against the US dollar Monday morning, according to dealers the lift continued due to the buying support for the local unit.At 9 a.m.

The outlook for the Philippine peso, Asia’s worst-performing currency just keeps getting grimmer, Bloomberg reported.According to the report, May’s trade shortfall was the biggest in data going back to 1980 as the nation heads for its first annual current-account deficit in 15 years.The report said President Rodrigo Duterte has just extended martial law in the southern island of Mindanao as the government battles Islamic State-linked militants in a two-month conflict that shows few signs of e

Keith Kueh was expecting Pacific Andes Resources Development Ltd. to pay back the company’s bonds last year so he could finance his son’s college bill and his own retirement. Now it’s 18 months after the Singapore-listed fishing company didn’t honor some obligations and he hasn’t gotten his money yet.“For investors like myself, we are not portfolio managers who are managing other people’s money,” said Kueh, a founder at a tech startup.

India is making good progress in dealing with bad-loans that are weighing down on the country’s banks, suggesting long-term valuations for the financial industry are set to improve, according to the head of HDFC Bank Ltd.The resolution of soured debt will help boost valuations, Aditya Puri, HDFC Bank’s managing director, said in an interview at his office in Mumbai.

The International Monetary Fund revised down its 2017 growth forecast for the U.K., citing slower-than-expected expansion at the start of the year.The pace will slow to 1.7 percent from 1.8 percent in 2016, the IMF said in an update of its World Economic Outlook, after predicting a pickup to 2 percent in April. The cut comes after growth in the first three months of the year dipped to 0.2 percent, and data this week are likely to show barely any recovery in the second quarter.While the U.K.

Ryanair Holdings Plc reported a 55 percent gain in first-quarter profit as strong summer bookings swelled revenues, while cautioning that pricing will be “very competitive” through the remainder of its fiscal year as overcapacity crimps fares.Net income jumped to 397 million euros ($463 million) in the three months ended June 30 from 256 million euros a year earlier, aided by a later Easter, Europe’s biggest low-cost airline said Monday.