Hong Kong’s CBD industry faces wipeout as government ban looms
CBD products have become popular in recent years among Hong Kongers seeking relief from anxiety, depression and stress.
Category Archives: Economy
South Korea plans to provide 2.7 million new homes over 5 years
Government says it will supply 500,000 homes in the Seoul area over five-year period.
Australia, New Zealand deny ‘rumours’ of meat ban to China
Response comes after Chinese media reports imports could be suspended over foot-and-mouth disease concerns.
Japan’s economy rebounds from COVID, growing 2.2 percent in Q2
Growth driven by rise in private consumption following the lifting of pandemic curbs in March.
South Korea’s SK Hynix to launch US chip plant in 2023: Sources
New facility seen helping United States compete with China in crucial semiconductor sector.
Malaysian economy smashes forecasts, growing 8.9 percent in Q2
Southeast Asian country continues strong pandemic recovery after reopening its borders in April.
Samsung pardon exposes Koreans’ love-hate feelings for tycoons
Lee Jae-yong is the latest in a long list of South Korean business elites to receive clemency after white-collar crimes.
‘China’s Hawaii’ promised escape. Tourists got lockdowns instead
Some 178,000 tourists are reportedly stranded in Hainan as the resort island battles its worst COVID outbreak yet.
Ex-Arm boss exits Chinese chipmaker amid US-China tensions
Tudor Brown steps down from board of Semiconductor Manufacturing International Corporation after nine-year run.
Singapore downgrades growth outlook as Q2 GDP misses forecasts
City state's economy grew 4.4 percent year-on-year in the second quarter, less than official estimates.
China envoy calls for ‘rational’ view, defends Taiwan drills
Chinese ambassador to Australia Xiao Qian says change of government in Canberra offers an 'opportunity to reset' ties.
Taiwan official plays down impact of China’s trade restrictions
Finance ministry official says island does not expect further sanctions by Beijing due to 'highly reliant' economic ties
Australia’s central bank launches digital currency pilot
Reserve Bank of Australia says year-long trial will explore “innovative use cases and business models" for currency.
Japan’s SoftBank posts $17bn fund loss on tech slump
Investment management giant had booked a record loss in May amid market turmoil driven by rising interest rates.
Taiwan, once world’s factory, taps tourism to keep plants alive
'Tourism factories' seek to give new life to industries that have for years been moving operations overseas.
Ships resume Taiwan routes amid uncertainty over China drills
More than 30 vessels have transited through China’s drill zones since Sunday, according to ship-tracking data.
Investors dump Chinese stocks, bonds amid global recession fears
Trade group report points to sixth consecutive month of foreign outflows from China's $20 trillion bond market.
Indonesia’s PayPal, Yahoo bans cast cloud over tech hub dream
Jakarta's temporary blocking of websites highlights tension between desire to rein in internet and grow digital economy.
Toyota’s profits plunge 42 percent on chip shortages, COVID curbs
Japanese carmaker has repeatedly cut production targets due to global chip shortage and China's pandemic restrictions.
Why China is not sanctioning Taiwan’s key chip industry
Beijing relies on self-ruled island's semiconductors to keep its economy on track.