Indonesia’s palm oil tycoon Darmadi gets 15 years for corruption
Surya Darmadi ordered to repay the state equivalent of $2.6bn over corruption scheme that cleared protected forests.
Category Archives: Economy
A year into Ukraine war, Asia’s big brands sit out Russia boycott
Fewer than 100 Asia-based firms have suspended or scaled back their Russia operations, according to database.
As war enters year two, Ukrainians plug Japan’s tech talent gap
A scholarship programme aims to help displaced Ukrainians find jobs while addressing Japan's chronic labour shortages.
Hong Kong flags handouts to support recovery from COVID shock
Government says it will issue vouchers worth 5,000 Hong Kong dollars to all adults this year to help economic recovery.
South Korea to scrap some COVID tests for travellers from China
South Korean authorities will no longer require arrivals from China to do a COVID test from next month.
Russians make Thailand a refuge as Ukraine war enters second year
Russians are buying up property in Southeast Asian country to avoid conscription and the economic ravages of war.
Japan to chair G7 talks on pressuring Russia over Ukraine
Financial leaders of the G7 will meet on Thursday to discuss measures aimed at pressuring Moscow to end war.
Year of war in Ukraine left developing nations picking up pieces
Some of the harshest economic effects of the war are being felt much farther afield than Russia’s theatre of battle.
Crypto exchange Binance pulls back on some US investments
Binance is considering ending business relationships with banks and services firms amid heightened scrutiny.
Closed terminal at New York’s JFK airport causes delays
A power outage caused by an isolated fire has disrupted flights at one of the busiest airports in the world.
Thailand’s economy slows amid declining exports, manufacturing
Southeast Asia's second-largest economy grows 1.4 percent in last quarter of 2022 amid hopes for tourism-led recovery.
Tesla hikes prices of Model Y in China
Electric car maker raises prices in China for second time since price cuts in January.
China’s top tech dealmaker Bao Fan goes missing
The billionaire investment banker is unreachable, according to the investment bank he founded.
Sri Lanka’s Chinese-built port city stirs white elephant fears
Sri Lankans are questioning the feasibility of Port City Colombo as their country faces its worst economic crisis.
Tesla to recall 362,000 US vehicles on full self-driving software
Software allows vehicles to 'exceed speed limits or travel through intersections in an unlawful' manner, says regulator.
North Korea’s Kim Jong Un breaks ground for apartments, farm
North Korean leader attends groundbreaking ceremonies amid concerns for isolated country's food situation.
South Korea’s Yoon calls on banks, telecoms to ease living costs
South Korean President Yoon Suk-yeol calls on private sector to 'share the pain' to ease struggles of most vulnerable.
China to resume visas for South Koreans after COVID row
Move comes after Seoul last week scrapped COVID-related travel restrictions for arrivals from China.
Air India unveils ‘historic’ orders for 470 Boeing, Airbus jets
Orders come as India's growing middle-class drives surging demand for affordable air travel.
Canada announces rules to protect intellectual property
Ottawa will limit funding for projects that include researchers from institutions with ties to foreign governments.