Singapore’s economy grows at fastest pace since 2010
The city-state's economy grew 7.2 percent in 2021, rebounding from a 5.4 percent contraction in 2020.
Category Archives: Economy
Vietnam blames China’s ‘zero COVID’ policies for disrupting trade
Vietnam's trade ministry calls on Chinese authorities to ease congestion at border crossing.
Hong Kong’s isolation deepens under draconian border rules
Cathay Pacific has almost halved flights into Hong Kong from outside China due to 'zero COVID' policy.
Mercedes axes ad after Chinese backlash over model’s eyes
The German automaker is the latest major firm to feel the heat of growing consumer nationalism in China.
After Evergrande, China’s Shimao reignites property sector fears
Developer has seen share price plunge more than 50 percent since November amid liquidity, transparency concerns.
China’s Didi sees revenue slide amid regulatory crackdown
Chinese ride-hailing firm reports 1.7 percent decline in third-quarter revenue amid heavy scrutiny from Beijing.
Chinese city’s lockdown disrupts Micron, Samsung chip operations
Xian's stringent pandemic restrictions have raised fears of memory chip shortages.
SenseTime IPO lands Chinese professor $3.4bn fortune
Tang Xiao’ou will become one of the world's richest people following listing of controversial tech firm.
China’s year of crackdowns: Party first, business second
Beijing’s crackdown on real estate, tech and education has shown it dictates the terms to private businesses.
Iconic retail group Selfridges is sold for more than $5bn
Central group and Signa will jointly own the chain which includes Selfridges, Arnotts and Brown Thomas stores.
In Vietnam, ‘feeding the police’ just a cost of doing business
Small businesses in Vietnam see greasing palms as a necessity to avoid police harassment.
Intel apologises for telling suppliers to avoid Xinjiang labour
The US chipmaker posted an apology to its Chinese customers for blacklisting region over alleged abuses against Uighurs.
China fines top influencer $210m for tax evasion
Huang Wei, aka Viya, has been accused of concealing personal income and making false declarations in 2019 and 2020.
New Zealand delays border reopening to February over Omicron
South Pacific nation had planned to loosen border restrictions in phases from January.
China’s Kaisa says bondholders not asking for faster repayments
The property developer has yet to repay a $400m offshore bond amid liquidity troubles in real estate market.
South Korea’s restaurants despair amid ‘living with COVID’ U-turn
Authorities have reintroduced restricted hours for restaurants, cafes and bars amid a surge in COVID-19 cases.
‘Betrayed’: Japanophiles sour on muse as COVID isolation bites
Japan's strict border controls have locked out foreign academics and challenged the country's soft power push.
Australia and UK sign trade deal estimated at $13.3bn
The scrapping of tariffs on Australian wine and beef is expected to help exporters hit by Chinese trade sanctions.
Editor of Chinese Communist Party mouthpiece retires
Hu Xijin had edited the nationalist Global Times tabloid since 2005.
Taiwan’s Tsai calls on Europe to welcome trade, promote democracy
President Tsai Ing-wen tells French legislators 'democratic partners' must work together for peace and stability.