Beating expectations, Indonesia’s economy grows 5 percent in Q4
Southeast Asia's largest economy grew 3.69 percent for the whole of 2021.
Category Archives: Economy
Once niche, Tesla capitalises on Japan’s late embrace of EVs
Despite stalling auto sales, registrations of imported EVs in Japan nearly tripled to 8,610 in 2021.
In Southeast Asia, decades-long deals stymie shift away from coal
Power purchase agreements that ensure "coal lock-in" are complicating the region's transition away from fossil fuels.
Bank of Japan official says monetary tightening ‘premature’
Deputy Governor Masazumi Wakatabe says economy has yet to fully recover from pandemic.
Gen Z in China and India more environmentally conscious: Report
Credit Suisse Research Institute survey suggests youth in emerging economies more likely to buy sustainable products.
House Democrats press for vote on US-China competition bill
Legislation would provide $52 billion to support domestic chip research and $45 billion to improve supply chains.
Rio Tinto report finds culture of sexual harassment, racism
Nearly half of all employees who responded to the external review said they had been bullied.
Australia’s retail boom slows as Omicron spreads
Retail sales slide in December due to COVID surge after two months of big gains.
Hong Kong quarantine raised safety discussion at UK aviation body
Civil Aviation Authority officials discussed 'safety implications' of city's ultra-strict pandemic rules, emails reveal
Omicron dashes China’s hopes of Olympics boosting its economy
Coronavirus flare-ups and pollution curbs are weighing on consumer and industrial activity ahead of Winter Games.
Asia shares in cautious mood, oil keeps climbing
China's factory activity slows in January as resurgence of COVID-19 cases and tough lockdowns hit production and demand.
Police arrest Macau’s No 2 junket boss in crackdown
Authorities in the Chinese territory are stepping up a crackdown on illicit capital outflows from mainland China.
SoftBank COO Marcelo Claure exits, reportedly over pay
The latest blow follows a string of high-profile departures at the technology investor.
IMF urges El Salvador to strip Bitcoin’s legal tender status
El Salvador last year sought a $1.3bn IMF loan, but talks have been stymied by the lender’s Bitcoin concerns.
Japanese advisory body to approve COVID curbs for most of country
Japan reported more than 44,000 new COVID-19 cases on Monday.
South Korea’s GDP growth hits 11-year high as exports boom
Bank of Korea data shows Asia's fourth-largest economy expanded 4 percent in 2021 despite the pandemic.
Australian PM’s WeChat account hijacked and renamed
Government senator describes blocking of account as 'foreign interference' in Australian democracy.
How a billionaire’s cruise empire imploded in Hong Kong
Once-thriving Genting Hong Kong is headed for liquidation after seeing business evaporate during the pandemic.
South Korea unveils $12bn budget to cushion blow of COVID curbs
Restaurants, bars and gyms have been hit hard by a business curfew that will remain in place until at least February 6.
Western Australia extends COVID-era separation from country
Western Australia has cancelled plans to reopen its inter-state borders due to the spread of the Omicron variant.