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.
Category Archives: Economy
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.
New Zealand central bank warns NAB unit on money laundering
Reserve Bank of New Zealand says bank did not report accurate locations for 50,000 transactions between 2018 and 2020.
Casino hub Macau locks down landmark hotel amid COVID surge
Restrictions come as former Portuguese colony sticks to China's "zero-COVID" policy aimed at eradicating infections.
South Korea’s inflation hits 24-year high
Consumer price index grew 6 percent in June, fanning expectations of a big rate hike by the central bank.
Chinese-Canadian tycoon who vanished set for trial, embassy says
Billionaire Xiao Jianhua went missing in Hong Kong in 2017.
China’s eateries eye JD.com’s delivery plans with anxiety, hope
Chinese tech giant has floated prospect of entering lucrative market currently dominated by Meituan and Ele.me.
Asia shares cautious as Wall St futures slide
US dollar remains near 20-year highs as investors continue to seek out safe havens.