Japan admits overstating economic data for nearly a decade
Prime Minister Fumio Kishida expresses regret over practice that could dent trust in official statistics.
Category Archives: Economy
Cost of war: Myanmar rebels crowdfund resistance to military coup
National Unity Government has launched fundraising schemes to support its campaign to overthrow the military government.
US, Australia, Japan to fund undersea cable in Pacific
The announcement is the latest funding commitment in the telecommunications sector of the Pacific.
China’s unsold housing stock hits five-year high
The Chinese property sector has slowed sharply this year amid a liquidity crisis and heightened regulatory scrutiny.
Evergrande default signals volatility but no crash, analysts say
Analysts see China's real estate market entering a period of stress with Beijing moving to contain fallout.
Investors dumping Vietnam stocks for Tesla, crypto
Overseas investors are offloading shares despite VN Index’s 33 percent gain making it top performer in Southeast Asia
Indonesian court delivers victory for Indigenous rights in Papua
Judge in West Papua Province declines to reinstate permits for palm oil companies to exploit ancestral lands.
Travel curbs biggest challenge for British firms in China: Survey
Chamber of Commerce says China's zero-tolerance approach has made it 'extremely difficult' to bring staff into country.
Endless pandemic? Asia’s Omicron retreat shows COVID is political
Rush by Asia-Pacific countries to slam borders shut over new variant raises questions about pandemic end goal.
US slaps sanctions on DRC national over Gertler ties
DRC national Alain Mukonda is accused of providing support to blacklisted Israeli billionaire Dan Gertler.
China’s Evergrande teeters on brink of default as deadline looms
Developer's recent comments raise expectations of direct state involvement and managed debt restructure.
Alibaba to overhaul e-commerce business, appoint new CFO
Chinese tech giant's reorganisation comes as it faces increased competition, slowing economy and a regulatory crackdown.
Swiss International cuts Hong Kong flights over quarantine rules
Airline follows British Airways and Cathay Pacific in cutting flights in response to the city's strict quarantine rules.
Indonesian firms, unions in waiting game after job law ruling
Constitutional Court's ambiguous court ruling leaves labour activists and businesses wondering what happens next.
Kaisa edges closer to default after failing to extend maturity
Chinese developer's growing risk of default comes as property sector is gripped by an unprecedented liquidity squeeze.
Ride-hailing giant Didi to delist from New York Stock Exchange
Move comes after company ran afoul of Chinese authorities by pushing ahead with a $4.4bn US IPO in July.
Japan services sector grows at fastest pace since 2019
World's third-largest economy has lagged other rich nations in its recovery from the COVID-19 pandemic.
Asia misses global recovery of air travel, as IATA condemns bans
Asia-Pacific only region to see almost no improvement in air travel amid fears new bans will derail global recovery.
Australia announces inquiry into tech giants
Prime Minister Scott Morrison says big tech firms have responsibility to ensure their platforms are safe.
Japan’s factory output grows at fastest pace since 2018
Manufactory output improves amid an easing of critical supply bottlenecks.