Indonesia secures coal supplies amid hopes of end to export ban
The world's top exporter of the coal used in power plants banned exports to avoid power outages.
Category Archives: Economy
China Evergrande’s shares jump after suspension of trading
Property giant insists government order to demolish 39 buildings on resort island will not affect rest of project there.
China to subject firms to cybersecurity test before foreign IPOs
Cyberspace Administration of China will apply new rules to firms that hold data for more than 1 million users.
Theranos’s Holmes found guilty on four counts in fraud trial
Holmes acquitted on four counts, while jury failed to reach a decision on three counts.
For Vietnamese stranded overseas, questions of fairness and means
Vietnam's repatriation flights for citizens stranded overseas have been dogged by cost and favouritism concerns.
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.
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.