South Korea’s economy beats growth forecasts
Asia's fourth-largest economy grew 2.9 percent year-on-year in the second quarter.
Category Archives: Economy
HSBC insists Communist party branches have ‘no influence’
Statement comes after media reports that a CCP committee was established at one of the bank’s units.
In Indonesia, dog meat business booms despite welfare concerns
About 7 percent of Indonesia's 270 million people are estimated to consume dog meat.
Japan’s inflation stays above central bank target for 3rd month
Bank of Japan is keeping ultra-low interest rates in place even as global peers tighten policy to cool rising prices.
South Korean prosecutors raid crypto exchanges amid Luna probe
Authorities carry out searches after investors accuse co-founders of blockchain platform Terraform Labs of fraud.
China investors call it quits as Xi, ‘zero COVID’ sap confidence
Overseas investors shed a record $150bn in yuan-denominated assets in the first quarter of this year.
Asia’s economic growth outlook slashed on China, Ukraine fears
Asian Development Bank forecasts region's developing economies to grow 4.6 percent in 2022 amid worsening conditions.
G20 women’s forum accused of excluding Indigenous Indonesians
Indonesian rights groups protest dialogue for gender equality over alleged failure to address issues in North Sumatra.
For G20, Ukraine war an obstacle to cooperation on global economy
Finance ministers and central bank governors fail to sign communique amid divisions over Russia's invasion of Ukraine.
Petronas says taking steps to protect global assets after seizure
Malaysia's state energy company makes announcement after subsidiaries targeted in dispute with heirs of late sultan.
In Japan, push to shatter glass ceiling spurs hope, doubts
Large Japanese firms will from next year be required to disclose wage differences between male and female workers.
China’s economy slows sharply, fanning global recession fears
Second quarter expansion of 0.4 percent is the weakest performance since the initial coronavirus outbreak in Wuhan.
G20 finance leaders meet in Bali as Ukraine, inflation top agenda
Host Indonesia hopes meeting can serve as forum for dialogue between Russia and Ukraine.
Thai garment workers decry COVID arrests after rare labour win
Labour activists claim authorities are selectively enforcing pandemic rules to suppress organising.
New Zealand central bank hikes benchmark rate to 2.5 percent
Reserve Bank of New Zealand's interest rate increase comes after rises in April and May.
Malaysia’s Petronas to fight seizure of Luxembourg assets
Seizure of assets relates to $15bn legal dispute over agreement signed by sultan 144 years ago.
‘Green way of life’: Thailand sees cannabis boom after law change
Southeast Asian country is seeing an explosion in cannabis products since plant's removal from banned narcotics list.
Uber lobbied politicians, broke laws in global push: reports
Company received assistance from politicians including French President Emmanuel Macron, according to news reports.
Pacific islands summit begins amid US-China battle for influence
Key summit comes as region grapples with the fallout of the COVID-19 pandemic, climate change and US-China rivalry.
Japanese yen rises as investors seek havens after Abe shooting
Japanese currency advances to 135.33 per dollar after former Japanese prime minister taken to hospital.