Asia Economy
As one of Asia’s global hubs moves to reopen, another remains mired in restrictions
People queue up for Covid-19 nucleic acid tests on April 28, 2022 in Hong Kong. While Singapore has steadily moved to reopen in recent months, Hong Kong remains mired in restrictions that critics say are costing it business and talent, with Singapore a prime beneficiary. Chen Yongnuo | China News Service | Getty Images When […]
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Beijing to allow indoor dining, further easing Covid curbs
Women eat and drink together outside a closed convenience store on May 31, 2022 in Beijing. Inside dining and drinking was banned due to Covid-19 outbreaks. Kevin Frayer | Getty Images News | Getty Images Beijing will further relax Covid-19 curbs by allowing indoor dining, as China’s capital steadily returns to normal with inflections falling, […]
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South Korea to lift quarantine requirement for non-vaccinated foreign arrivals
Arriving passengers are assisted by quarantine workers in an arrival hall at Incheon International Airport in Incheon, South Korea, on Monday, March 21, 2022. South Korea’s prime minister on Friday said the country will lift its quarantine requirement for foreign arrivals without vaccination from June 8 and also start lifting aviation regulations imposed for international […]
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Do Kwon is unlikely to face prison time for $60 billion UST crypto wipeout — fines and lawsuits are more likely
Do Kwon, co-founder and chief executive officer of Terraform Labs, leaves the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Woohae Cho | Bloomberg | Getty Images Do Kwon, the 30-year-old South Korean founder of a $60 billion stablecoin project that imploded last month, has a knack for convincing people to buy […]
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How China’s Shein became more valuable than H&M and Zara combined
Shein is a Chinese fashion e-commerce company that’s outperforming many of its competitors. Its reported valuation in April 2022 was $100 billion – more than H&M and Zara combined. Chinese e-commerce company Shein took the top spot as the most downloaded app in the United States in May, according to a report from intelligence firm Marketplace […]
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Self-driving car companies’ first step to making money isn’t robotaxis
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to cash in. It’s a […]
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Apple will reportedly move some iPad capacity to Vietnam after China lockdowns
People walk past an apple store in Wangfujing with iPhone 13 series advertisement on a big screen. Sheldon Cooper | LightRocket | Getty Images Apple is moving some of its iPad production to Vietnam from China after supply chain disruptions stemming from coronavirus lockdowns have contributed to product and parts shortages, Nikkei Asia said Wednesday. […]
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India is better positioned to weather food inflation, says official
India is relatively better positioned to weather the global rise in food prices, the country’s chief economic advisor V. Anantha Nageswaran told CNBC’S “Street Signs Asia” on Wednesday. “It is a tricky situation … for many countries, but India is relatively better placed because of the fact that there is ample availability of food grain, […]
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Indonesia saw a strong tourism rebound in the first quarter of 2022, says minister
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Future Tech Asia Sandiaga Uno, Indonesia’s minister of tourism and creative economy, says it is removing some Covid-19 measures as foreign tourists return. 02:18 an hour ago Source
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Japan wants to boost domestic tourism, says industry body
Tadashi Shimura of the Japan Association of Travel Agents discusses the country’s travel outlook. Source
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