Asia Economy
Singapore imports more than 90% of its food. Here’s how it’s dealing with rising food inflation
A rooftop farm in Singapore on May 27, 2020. The small island nation lacks natural resources and imports more than 90% of its food from more than 170 countries and regions. Lauryn Ishak| Bloomberg | Getty Images Singapore is known for its variety of street food and local cuisines, but many may not know it […]
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Full Interview: Emirates president on passenger demand, air travel recovery and soaring inflation
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Emirates President Tim Clark speaks to CNBC’s Dan Murphy about the soaring cost of fuel and the airline’s rebound post-pandemic. Clark says Emirates has seen a “very strong” recovery since summer 2021. Source
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Emirates president says demand remains resilient, unlikley to dissipate in the short term
Emirates President Tim Clark says the company has seen a “very strong” recovery since the summer of 2021. Source
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‘Revenge travel’ is taking place throughout Asia-Pacific, says industry body
Subhas Menon of the Association of Asia Pacific Airlines says that because Asia-Pacific was the region that was closed for the longest period and with the most stringent Covid-19 restrictions, it will take some time before its travel demand returns to pre-pandemic levels. Source
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Jokowi lays out his pitch for why Elon Musk should invest in Indonesia
Elon Musk, here seen at an event in New York in early-May, is being aggressively courted to produce his electric vehicles “end to end” in resource-rich Indonesia. Angela Weiss | AFP | Getty Images President Joko Widodo denied that Indonesia has turned protectionist during his tenure, saying the gates remain open to all players — […]
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Macao’s Covid outbreak shuts most businesses and restaurants, but casinos stay open
Macao’s government relies on casinos for over 80% of its income, with most of the population employed directly or indirectly by the casino industry. Dragon For Real | Moment | Getty Images The world’s biggest gambling hub Macao began its second day of mass Covid-19 testing on Monday, with banks, schools, government services and other […]
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World Trade Organization strikes global trade deals deep into overtime
World Trade Organization Director-General Ngozi Okonjo-Iweala delivers her speech at the WTO headquarters in Geneva on June 17, 2022. The World Trade Organization’s 164 members approved a series of trade agreements early on Friday that included commitments on fish and pledges on health and food security after more than five grueling days of negotiations. Fabrice […]
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Bank of Japan maintains ultra-low rates, warns it is closely watching yen moves
Pedestrians walk in front of the Bank of Japan head office building in Tokyo on April 27, 2022. The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at “present or lower” levels, signaling its resolve to focus on supporting the economy’s tepid recovery from the Covid-19 pandemic. […]
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Travel has become much more valuable and people are willing to pay more, says Malaysia’s Capital A
Tony Fernandes of the airline discusses its timeline for returning to pre-Covid capacity. Source
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Sequoia says it is optimistic about Southeast Asia’s start-ups despite challenging market
Venture capital firm Sequoia is still “quite optimistic” about long-term prospects for start-ups, despite the recent market volatility. “This is a particularly challenging market for founders to get started,” Abheek Anand, managing director of Sequoia Southeast Asia, told CNBC’s “Squawk Box Asia” on Wednesday. When asked about the firm’s outlook for Southeast Asia’s start-ups, Anand […]
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