Asia's Economies Can Embrace Services to Boost Growth and Productivity

October 30, 2024--Manufacturing has been the engine of growth in Asia, but a transition to modern, tradable services could be new source of growth and productivity
The Asia-Pacific region prospered by becoming the source of more than half of global factory output, but another transformation to higher-productivity services has the potential to further support growth.

Employment and production typically move from agriculture to manufacturing to services, as part of natural progression that comes with rising income.

Today, many Asian countries-including China, Indonesia, Korea, and Thailand-are highly industrialized. If history is a guide, industry's share of production will shrink as more activity passes to services.

Indeed, the growth of services has already drawn about half of the region's workers into that sector, up from just 22 percent in 1990, as hundreds of millions moved from farms and factories.

HashKey Group and Bosera Launch World's First Tokenised Money Market ETF

March 28, 2025-The newly launched Money Market ETF will pioneer the integration of traditional finance and blockchain technology
HashKey Group ("HashKey"), a leading end-to-end digital asset financial services group in Asia, and Bosera Asset Management (International) Co., Limited ("Bosera") today announce the launch of the tokenised money market ETFs, Bosera HKD Money Market ETF (Tokenised Class) and Bosera USD Money Market ETF (Tokenised Class), which have been approved by Hong Kong Securities and Futures Commission (SFC) and will be formally launched in April.

Southeast Asia's Economies Can Gain Most by Packaging Ambitious Reforms

March 25, 2024--Combining overhauls in areas including business and external regulation, governance, and human development can boost output levels by 3 percent over four years.
Southeast Asia's major economies have made major strides over the last couple of decades.