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.
Category Archives: Economy
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.
Biden ‘not there yet’ on easing tariffs on Chinese goods
US president says China not meeting commitments under a Phase 1 trade deal signed by his predecessor Donald Trump.
China car sector falling short of ‘net zero’ goals: Greenpeace
Environmental group says China must cut emissions by at least 20 percent by 2035 to reach net zero by 2060.
China’s Xi calls on nations to secure global supply chains
Leader of world's No. 2 economy makes remarks amid preparations to secure unprecedented third term in power.
Hong Kong police arrest two former air crew over COVID breaches
Arrests come after Cathay Pacific said in January it fired two air crew for allegedly violating COVID-19 protocols.
Down but not out: China’s Alibaba looks towards challenging 2022
Chinese tech giant's deep pockets and ability to adapt are seen as key to weathering the tough year ahead.
Global employment won’t recover before 2023: UN labour body
The International Labour Organization projects 207 million unemployed in 2022.
Hong Kong suspends transit flights to most of world over Omicron
'Asia's World City' continues descent into one of the most isolated urban centres on earth.
North Korean hackers stole $400m in crypto last year: report
Analysis firm says North Korean-linked hacks jumped from four in 2020 to seven in 2021.
China’s crude oil imports drop for first time since 2001
Decline comes as Beijing clamps down on the refining sector to curb excess domestic fuel production.
‘Not enough water’: Cambodia’s farmers face changing climate
Communities around Southeast Asia’s biggest lake are feeling the effects of droughts and rising demand for land.
‘COVID Zero’ Hong Kong pushes supply chain to breaking point
The slashing of flights into the city is set to raise costs and boost inflation.
For Lion Air crash relatives, Boeing comeback stirs raw memories
Indonesian authorities' decision to lift ban on Boeing 737 Max follows similar moves around the world.
Pakistan asks IMF to delay meeting amid failure to cut spending
International body was due to meet on January 12 to consider releasing $1bn of Pakistan's $6bn bailout.
Philippines urges Indonesia to lift coal export ban
Indonesia suspended coal exports on January 1 amid shortages at domestic power plants.
China probes head of top life insurer in anti-corruption campaign
Anti-corruption watchdog says Wang Bin is “suspected of serious violations of discipline and law."
Drowning in debt, South Korean businesses revolt over COVID rules
Restaurants, cafes, bars and gyms must close by 9pm until at least January 16 under latest pandemic restrictions.
China says stable economy ‘crucial’ political issue in 2022
Official says 'all regions and departments' must help stabilise economy ahead of key Communist Party meeting.