South Korea’s economy slows in Q1 on COVID curbs, inflation
Economic growth nearly halves in first quarter to 0.7 percent amid lower spending due to COVID curbs and inflation.
Category Archives: Economy
‘Hurting the vulnerable’: Indonesia’s palm oil ban ignites prices
Ban on palm oil exports adds to global food security fears amid poor harvests and the war in Ukraine.
Asian stocks slide to six-week low on Beijing lockdown fears
MSCI's broadest index of Asia-Pacific shares outside Japan slides 2.5 percent to a six-week low.
Apple supplier Foxconn suspends production at two China factories
Operations halted at factories in eastern China's Kunshan after COVID-19 cases reported, report says.
After licence freeze, China’s game industry sees tough recovery
Beijing is continuing its strict oversight of the gaming sector despite lifting nine-month freeze on new titles.
China’s GDP, dubious COVID statistics and East Timor’s election
We gather the numbers from the week's biggest economic and business news stories so you can impress your friends.
IMF chief warns of global risks from prolonged China slowdown
Kristalina Georgieva says Beijing has room to take measures to support world’s second-biggest economy.
Indonesia’s central bank cuts growth outlook, holds rates steady
Bank Indonesia keeps benchmark interest rate at 3.50 percent, in line with forecasts.
Southeast Asia’s fishery workers overlooked in COVID relief: UN
ILO says migrant workers in the fishing industry are treated as 'out of sight, out of mind'.
Tesla and other firms look to reopen Shanghai factories: Sources
Megacity is making efforts to exit COVID-19 lockdown that has forced most businesses to shut for three weeks.
Stocks, futures drop amid China, inflation concerns
Stocks and US equity futures decline as a jump in energy costs again highlights inflation concerns.
China’s growth beats forecasts, but COVID, Ukraine risks grow
Stronger-than-expected figures cover only a small period of ongoing ultra-strict lockdown in Shanghai.
Japan’s struggling tourism sector despairs at lack of COVID exit
Japan is increasingly an outlier in a region that is lifting border restrictions and reviving quarantine-free travel.
After COVID isolation, Australia struggles to bring students back
Australian universities face huge losses as international students look elsewhere to study despite reopened borders.
For Taiwan tourism, frustration as island misses global reopening
Self-ruled island’s continuing isolation makes it a rare holdout in a region that has largely abandoned border controls.
Singapore, Korea lead Asian central banks’ attack on inflation
Asian economies join Canada and New Zealand in raising interest rates amid soaring inflation worldwide.
Despite lofty goals, China’s leaders sound anxious about economy
Beijing's draconian 'dynamic zero-COVID' policies and global uncertainties cast doubt on 5.5 percent growth target.
South Korea’s autoworkers support banning petrol cars: poll
Poll finds 82 percent of employees believe sales of internal combustion engine vehicles should be banned by 2035.
For Indonesia’s tech star GoTo, success a long time in the making
Analysts say odds-defying market debut reflects regulatory changes, strong branding and careful courting of investors.
South Korea’s bakeries, restaurants feel ripples of Ukraine war
Small businesses in Asia's fourth-largest economy are grappling with surging prices of flour and cooking oil.