‘Difficult to believe’: Biden’s economy plan a tough sell in Asia
US president's arrival in Seoul will mark start of effort to promote new Indo-Pacific Economic Framework in region.
Category Archives: Economy
China’s new home prices fall for the first time since December
Average new home prices in 70 major cities fall 0.2 percent on a month-on-month basis after flatlining in March.
Japan’s Q1 GDP shrinks as Ukraine, cost of living cloud outlook
World's No 3 economy shrinks at an annualised rate of 1 percent in January-March from the previous quarter.
‘Jobs are at stake’: Asia ‘playing catch-up’ on post-COVID travel
Head of global airline body says region falling behind rest of the world on restarting international travel.
Thailand lowers GDP outlook amid Ukraine war, China slowdown
National Economic and Social Development Council says it sees gross domestic product expanding 2.5-3.5 percent.
Hikvision sanctions signal uncharted waters from UK to Vietnam
Washington's reported plans to sanction Chinese tech firm could have ramifications for countless companies worldwide.
China’s small businesses buckle under lockdowns, as expats exit
Beijing’s controversial “dynamic zero COVID policy" is hammering the world's second-largest economy.
Malaysia’s Q1 GDP beats forecasts amid recovering demand
Gross domestic product rises 5 percent in January-March period, up from 3.6 percent growth in previous quarter.
China’s tech workers face layoff bloodbath amid crackdown, losses
Tens of thousands of workers have been let go amid a regulatory crackdown and overly aggressive expansion.
For Russians, flying abroad is a difficult, costly affair
Russian airlines are slowly reentering overseas markets as they navigate sanctions and isolation over Ukraine war.
Indonesia’s palm oil flip-flops give Malaysia edge in India
Indian consumers are turning to Malaysia for palm oil due to Jakarta's erratic export policies.
Musk’s tweets on Tesla funding reckless, court rules
Judge finds 'there was nothing concrete' about Saudi financing to take the electric carmaker private.
‘Huge step’: New Zealand to fully reopen borders on July 31
Announcement means borders will open two months earlier than the government’s timetable.
Frugal Japanese tighten their belts as prices rise, yen slides
Japan’s household spending fell 2.3 percent in March compared with the previous year.
Tesla halts production in Shanghai over supply issues: Report
Reported suspension comes just three weeks after the US automaker partially resumed production at Shanghai plant.
Gay dating app Grindr to go public via blank-cheque company
Deal with Tiga Acquisition Corp will raise $384m, according to regulatory filings.
Indonesia faces international pressure over palm oil export ban
Signs of discontent with Jakarta are emerging in countries that rely heavily on palm oil, including India and Pakistan.
Australia looks to fill Asia’s energy gap amid Ukraine crisis
Australia is seeing increased demand for its liquefied natural gas and coal as war and sanctions upend energy supplies.
China’s April exports slow amid tightening COVID curbs
Exports in dollar terms grew 3.9 percent in April from a year earlier, compared with 14.7 percent growth in March.
Yuan touches new 18-month low as lockdowns cloud economic outlook
The weakening currency comes amid persistent strength of the US dollar and worries over slowing economic growth.