Asia Economy
Singapore’s Wong retains power as ruling People Action Party boosts vote share in landslide victory
Singapore Prime Minister Lawrence Wong of the People’s Action Party (PAP) waves to supporters as he celebrates at the party’s gathering centre during the general election results, in Singapore on May 3, 2025. Singapore’s ruling party headed for a crushing victory at general elections on May 3, sample counts showed, with voters giving Prime Minister […]
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Here’s how China could retaliate against U.S. tariffs
China is the world’s second-largest economy and second-largest importer of U.S. goods. Entities in China hold at least $784 billion in U.S. federal debt. The country also controls much of the world’s rare element supply, which is vital for manufacturing technology. China could weaponize these assets if an all-out trade war breaks out, to the […]
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Mongolia’s ‘ambitious’ plan could boost tourism to 10% of GDP by 2030, says minister
Tourism could comprise 10% of Mongolia’s gross domestic product if the country can attract 2 million annual tourists by 2030, the country’s tourism minister told CNBC Wednesday. “We have a big, ambitious kind of goal, which is about 2 million tourists by 2030, which will be around a $4 billion contribution towards our GDP,” […]
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China looks set to turn to a tariff-proof sector as U.S. trade war bites: K-pop
Epex at the MBC Every1 variety show “Weekly Idol” at MBC Dream Center on April 23, 2024, in Goyang, South Korea. Mbcplus | Imazins | Getty Images Locked in a trade war with the United States and struggling with weak domestic consumption, China looks set to make a U-turn on an unlikely sector: K-pop. It […]
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Hong Kong stocks lead gains in Asia as China evaluates possibility of trade talks with the U.S.
Hongdae street in Seoul city, South Korea Twenty47studio | Moment | Getty Images Asia-Pacific markets rose after China said that it was evaluating possible trade talks with the U.S. Markets in the region also trailed gains on Wall Street after all three key benchmarks advanced overnight on optimism that a slowdown in the global economy […]
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China says it’s evaluating U.S. overtures to initiate talks on trade
China says it's evaluating U.S. overtures to initiate talks on trade Source
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Bank of Japan holds rates steady for second straight meeting as Trump tariffs threaten exports
The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Thursday, Oct. 31, 2024. The Bank of Japan kept its benchmark interest rate unchanged. Getty Images Japan’s central bank held its policy rate at 0.5% Thursday, for a second straight meeting, as U.S. President Donald Trump’s tariffs weighed on the country’s economic outlook. The move […]
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Grab CFO: See greater growth and profitability in ‘underpenetrated’ Indonesia
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Grab’s CFO Peter Oey discusses why Indonesia remains a strategic priority for the business, emphasising a stronger focus on affordability and driver recruitment. Source
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China’s factory activity drops to a near two-year low in April as trade tariffs bite
LIANYUNGANG, CHINA – APRIL 11, 2025 – A worker produces plush toys for sale to countries along the Belt and Road at a toy company’s production line in Lianyungang, Jiangsu province, China on April 11, 2025. Cfoto | Future Publishing | Getty Images China’s manufacturing activity fell more than expected to a near two-year low, sliding […]
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Australia first-quarter inflation holds steady at 4-year low of 2.4%
Shoppers and pedestrians walk past a Shiels store at Rundle Mall in Adelaide, Australia, on Thursday, Feb. 11, 2021. James Bugg | Bloomberg | Getty Images Australia’s first-quarter inflation rose 2.4% compared to the same period last year, staying at a four-year low. This was higher than the Reuters expectations of a 2.3% climb, and […]
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