Asia Economy
A Singaporean AI startup is trying to disrupt the 100-year-old market research industry
Artificial intelligence is aiming to disrupt a 100-year-old industry. Finding ways to attract consumers to buy packaged goods stretches back to the 1920s when American psychologist Daniel Starch created the world’s first market research study. Today, the global market research industry is worth an estimated $87.7 billion and is expected to grow by another $15 […]
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Japan is ramping up efforts to revive its once dominant chip industry
Japan is looking to revitalize its semiconductor industry. The Japanese government has unlocked billions of dollars in subsidies for its domestic chip sector. Thicha Studio | Istock | Getty Images Japan has announced a new plan to revitalize the country’s semiconductor and artificial intelligence industries as it works to regain its chip leadership. The proposal […]
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SoftBank-backed Swiggy’s shares soar over 9% on India market debut after stellar IPO
Swiggy delivery team gather after attempting Guinness World record title for largest Vada Pav (Indian Burger) delivery across Mumbai. Swiggy team delivered eleven thousand (11,000) Vada Pav (Indian Burger) across the city creating a Guinness World record. Sopa Images | Lightrocket | Getty Images Shares of Indian food delivery giant Swiggy soared over 9% on […]
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Asia-Pacific markets to open lower after Wall Street postelection rally fizzles
The momentum in Japan markets were largely driven by the country’s technology and financial sector. Doctoregg | Moment | Getty Images Asia-Pacific stock markets were set to open lower Wednesday, tracking losses on Wall Street as the U.S. postelection rally stalled overnight. Asian traders will assess Japanese corporate goods data, set for release later in […]
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Loss-making EV firm VinFast to get $3.4 billion more funding from founder, parent company
VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023. Lisa Baertlein | Reuters Nasdaq-listed electric vehicle maker VinFast said on Wednesday it will get a fresh round of funding worth $3.35 billion from its founder and its parent firm, Vingroup by 2026, when it […]
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Asia-Pacific investors exercise caution despite U.S. postelection rally
Sydney Building take from Cremorne Point. Brook Attakorn | Moment | Getty Images Asia-Pacific markets were mixed on Tuesday, with investors exercising caution even as the Dow Jones Industrial Average’s post-election rally continued to gain momentum to close at a record high. Australia’s S&P/ASX 200 was 0.37% lower in its first hour of trade. Japan’s […]
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Trump tariff threat looms large on several Asian countries — not just China — says Goldman Sachs
Donald Trump’s victory in U.S. elections has raised the specter of higher tariffs on China — but it may not be the only Asian country that faces this predicament, according to Goldman Sachs. While the U.S. bilateral trade deficit with China has decreased somewhat since the Trump administration, deficits with other Asian exporters have risen […]
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Singapore Airlines shares fall 6% as profit nearly halves amid intensifying competition
An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. Nurphoto | Nurphoto | Getty Images Shares of Singapore Airlines dropped after the city-state’s flag carrier reported a fall of almost 50% in net profit for its first half April […]
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Asia-Pacific markets poised to fall after China reports lower-than-expected inflation rate
Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024. Costfoto | Nurphoto | Getty Images Asia-Pacific markets were set to fall Monday after China’s October inflation numbers came in lower than expected, prompting concerns over the recovery in the world’s second-largest economy. The country’s inflation rate declined to […]
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Temperatures cool in Japan, but inbound travel shows little signs of slowing down
Temperatures are cooling in Japan, but interest in visiting shows no signs of abating, as autumn arrivals continue to outpace pre-pandemic levels. The country welcomed 2.93 million foreign visitors in August, followed by another 2.87 million visitors in September — well above the 2.52 million and 2.27 million who arrived during those same months in […]
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