Philippines’ infrastructure woes in focus as Marcos takes reins
Archipelago has for decades struggled to provide adequate infrastructure to serve the needs of its 110 million people.
Category Archives: Economy
Biden eyes China with memorandum to combat illegal fishing
Move comes as Washington steps up engagement with Asia to counter China's growing influence.
Governments, firms make new bet on green hydrogen as climate fix
The number of green hydrogen projects worldwide has increased more than three-fold in less than a year.
Australian activists file bid to stop gas project over reef fears
Conservationists say Woodside Energy's project would harm the Great Barrier Reef through global warming.
Kishida critics seize on weak yen in Japan upper house election
Japanese prime minister defends ultra-loose monetary policy during campaigning for the July 10 vote.
Democrats in Congress ‘optimistic’ chips deal can happen soon
$52bn bipartisan deal would subsidise US semiconductor manufacturing to boost competitiveness with Chinese technology.
Bitcoin holds above $20,000 after week of forced crypto selling
Bitcoin rises as much as 1.6 percent in Asia in a tentative sign of recovery from last week’s rout.
After China row, Australia eyes Southeast Asia as ally in trade
Prime Minister Anthony Albanese has pledged to deepen economic engagement with region amid tensions with Beijing.
Bitcoin’s struggle to hold $20,000 keeps crypto market on edge
Largest cryptocurrency falls as much as 4.8 percent in Asia as a period of volatility continues.
Chinese gambling hub Macau shuts businesses for COVID testing
Mass testing comes after dozens of locally transmitted cases were discovered in the former Portuguese colony.
South Korea passes $49.5bn extra budget ahead of local elections
Supplementary budget will fund support for small businesses and self-employed people affected by pandemic restrictions.
Fiji to join Biden’s economic framework aimed at countering China
White House says island nation will become the 14th member of the Indo-Pacific Economic Framework for Prosperity.
China’s industrial profit falls sharply in April amid COVID curbs
Profits shrink 8.5 percent from a year earlier as lockdowns squeeze margins and disrupt factory activity.
Philippines’s Marcos names new finance chief, central bank head
President-elect points to rising inflation and job creation as priorities of his administration.
New Zealand’s Ardern urges US to return to regional trade pact
Remarks are latest signal by an Asia-Pacific leader that US President Biden's engagement with region is falling short.
Q&A: DRC has more to lose than gain in regional bloc – opposition
Opposition leader believes the DRC has more to lose than gain from its recent integration into the eastern African bloc.
China pledges support for ailing economy, analysts doubt impact
Beijing says it will roll out additional tax cuts and postpone social security payments for firms to support growth.
AirAsia faces backlash over delayed pandemic refunds
Customers say they are still waiting on refunds for flights that were cancelled or rescheduled during the pandemic.
After Terra, Luna crashes, regulators count cost of crypto
Spectacular collapse of stablecoin puts focus on regulatory frameworks in South Korea and Singapore.
Indonesia flags sales rule after ditching palm oil export ban
Announcement comes day after the world's biggest producer of the key edible oil reverses ban on its export.