China’s central bank chief vows support amid ‘weak links’
Governor Yi Gang says China will return to its potential growth rate of between 5 and 5.7 percent in 2022.
Category Archives: Economy
In Cambodia’s Siem Reap, $990m airport faces hurdles to success
The ambitious plan to attract 10 million travellers is complicated by broken contracts and uncertain pandemic recovery.
South Korea sees number of employed rise fastest in 22 years
Asia's fourth-largest economy saw seasonally adjusted unemployment rate slide to 3.6 percent in January.
South Korea probes Tesla on suspicion of exaggerating mileage
Korea Fair Trade Commission reported to have told carmaker it misrepresented battery specifications in some models.
Japan’s economy rebounds in Q4, growing annualised 5.4 percent
Outlook for sustained recovery clouded by rising raw material costs and spike in Omicron infections.
Indonesian islands bank on Singapore bubble for tourism revival
Batam and Bintan are hoping travel bubble will bring back visitors after collapse of tourism during the pandemic.
In Hong Kong, ‘zero COVID’ brings small businesses to their knees
Small business owners are facing the third year of the pandemic with no clear end in sight to forced closures, curfews.
‘Come out to fight’: Soaring diesel prices strain Asia’s truckers
Asia's diesel market is tightening as reduced supplies from China coincide with production issues and rising demand.
Australia drops landmark cartel case against Citi, Deutsche Bank
Bankers vindicated as prosecutors conclude there is 'no longer reasonable prospects of conviction'.
South Korean petrochemical plant blast kills four
Accident comes as businesses face greater scrutiny under new work safety laws.
In Australia’s mining state, border limbo sparks production fears
Western Australia, which is sealed off from the rest of Australia, produces 30 percent of the world's iron ore.
Ford, Toyota halt some output amid Canadian trucker protests
Anti-vaccine mandate protests in Ottawa have been causing gridlock in the Canadian capital since late January.
Pfizer’s COVID sales to top $50bn this year, investors want more
CEO Albert Bourla says final sales for COVID-19 antiviral Paxlovid could be "way bigger" than forecasts.
Hong Kong adviser ‘very optimistic’ city will reopen within year
Bernard Chan says authorities in the financial hub may aim to shorten quarantine.
‘Zero COVID’ Hong Kong grapples with vegetable shortages
Supply issues blamed on truck drivers in mainland China testing positive for COVID-19.
Beating expectations, Indonesia’s economy grows 5 percent in Q4
Southeast Asia's largest economy grew 3.69 percent for the whole of 2021.
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.